Daily Currency Strength and Weakness Analysis

NZD is the strongest currency, taking a big knock end of last week.
CHF is the 2nd strongest currency, still losing ground.
USD is the 3rd strongest currency, showing some more strength.
EUR is the 4th strongest currency, sideways after a total bearish run.

JPY is the weakest currency, flat after it showed sudden strength.
GBP is the 2nd weakest currency, strengthening after last week’s weakness.
AUD is the 3rd weakest currency, sideways seeming to weaken.
CAD is the 4th weakest currency, seeming to hover over the dividing line between strength and weakness.

Ideal Currency Pairs seem to be:


Traders note: It is Monday and the markets must first find their feet after the weekend. We will have to see what the major players have planned before we should trade any pair. Most of the currencies are moving against their trends except USD. JPY is not reliable but as long as USD keeps up the momentum from last week there should be some opportunity.

Happy Trading!!

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