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2013-03-13
Daily Currency Strength and Weakness analysis

USD is the strongest currency, showing more weakness from yesterday.
AUD is the 2^nd strongest currency, strongly bullish.
NZD is the 3^rd strongest currency, sideways after some strength.
CAD is the 4^th strongest currency, bordering on weakness.

GBP is the weakest currency, very unpredictable and showing some strength.
EUR is the 2^nd weakest currency, undecidedly sideways.
CHF is the 3^rd weakest currency, also very flat with no direction.
JPY is the 4^th weakest currency, showing some strength after its huge drop.

Ideal currency pairs seem to be:

AUDCAD (Long)

Traders note: AUD and CAD are the only two currencies currently moving in a strong direction. The rest of the weaker currencies are all sideways and non-decided so we need to wait for them to indicate where they want to go.

Happy Trading!!

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