Daily Currency Strength and Weakness Analysis

USD is the strongest currency, continuing its gradual increase in strength.
JPY is the 2nd strongest currency, still increasing at a rate second to none!
CHF is the 3rd strongest currency, not really going anywhere at the moment.
NZD is the 4th strongest currency, falling like a rock, losing more and more strength.

GBP is the weakest currency, showing a small sign of strength.
CAD is the 2nd weakest currency, flat after the last couple of day’s weakness.
EUR is the 3rd weakest currency, continuing its downward spiral.
AUD is the 4th weakest currency, suddenly back in the weak side of the markets.

Ideal currency pairs seem to be:

EURJPY (Short), NZDJPY (Short), AUDJPY (Short) and EURUSD (Short)

Traders note: Always be on your toes when a currency shows sudden strength or weakness, it might be short lived. Remember ANYTHING CAN HAPPEN, so there is no such thing as a sure thing in trading!

Happy Trading!

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