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Blog 2013-03-06 Daily Currency Strength and Weakness Analysis USD is the strongest currency, still weakening at this stage. GBP is the weakest currency, still strengthening. Ideal currency pairs seem to be:EURJPY (Short), CADJPY (Short), CHFJPY (Short), EURAUD (Short), AUDCAD (Long) and AUDCHF (Long) Traders note: The trend seem to hold strong so trading is going well. Remember to adjust your stop level as to lock in some profits. Good profit strategy is to close a 3rd or half your position, lock in that profit and then leave the rest with a either a trailing stop or a manual ratchet stop. Happy Trading!! |
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