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Daily Currency Strength and Weakness Analysis
USD is the strongest currency, took another knock yesterday.
GBP is the weakest currency, weakening slightly after it showed some strength.
Ideal currency pairs seem to be:
AUDJPY (Long), EURAUD (Short), AUDCHF (Long) and GBPAUD (Short)
Traders note: As you can see all the suggested pairs have the AUD in it, taking all these trades is overexposure. We need to analyze the strength of each pair’s trend before we decide in which two pairs to trade. The Ichimoku on an h4 chart is a very reliable way to determine the trend’s strength.
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