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2013-03-04
Daily Currency Strength and Weakness Analysis

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

GBP is the weakest currency, showing slight strength this morning.
EUR is the 2^nd weakest currency, continuing its downward spiral.
CAD is the 3^rd weakest currency, showing significant strength.
CHF is the 4^th 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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