Daily Currency Strength and Weakness Analysis

NZD is the strongest currency, losing even more strength since yesterday.
CHF is the 2nd strongest currency, continuing its bearish run.
USD is the 3rd strongest currency, weakening again.
EUR is the 4th strongest currency, sideways at the moment.

JPY is the weakest currency, aggressively strengthening.
GBP is the 2nd weakest currency, edging down.
CAD is the 3rd weakest currency, weakening further.
AUD is the 4th weakest currency, strengthening steadily.

Ideal Currency Pairs seem to be:

AUDCAD (Long) and GBPAUD (Short)

Traders note: AUD’s strength might be short lived so these pairs are only for a day trade, make sure you indicators confirm the trend’s stability before you look for a signal. This week is a quiet week for trading and the major players are still struggling to get their footing back. Watch and wait for them to give us the opportunities again!

Happy Trading!!

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