Daily Currency Strength and Weakness Analysis

USD is the strongest currency, strengthening steadily.
JPY is the 2nd strongest currency, showing some strength after it weakened last week.
NZD is the 3rd weakest currency, weakening some more.
AUD is the 4th strongest currency, on its way back onto weakness again.

GBP is the weakest currency, showing slight strength this morning.
EUR is the 2nd weakest currency, continuing its downward spiral.
CAD is the 3rd weakest currency, showing significant strength.
CHF is the 4th weakest currency, on the brink of joining the performing team again.

Ideal currency pairs seem to be:

USDGBP (Long) and EURUSD (Short)

Traders Note: As it is the beginning of the week we need to be aware of sudden changes. The USD, EUR and GBP are the only 3 currencies that seem to be stable in their performance for now. The rest seem very jittery and would be riskier to trade.

Happy Trading!!

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Forex Risk Warning