Daily Currency Strength and Weakness Analysis

Apologies for the lateness of my analysis, with the Seacom Outage we had it was very difficult to log into our international platforms to do the analysis.

AUD is the strongest currency, sideways after the weekend.
NZD is the 2nd strongest currency, also flat for so far.
USD is the 3nd strongest currency, continuing to lose value.
CAD is the 4th strongest currency, picking up some strength again after a lot of sideways movement.

EUR is the weakest currency, showing continued weakness.
JPY is the 2nd weakest currency, strengthening some more.
CHF is the 3rd weakest currency, losing ground but very sideways.
GBP is the 4th weakest currency, showing continuing strength and bordering on the line between strong and weak.

Ideal currency pairs seem to be:

EURAUD (Short)

Traders note: all the currencies seem to be sideways after the weekend. EUR is actively losing but anything can happen this evening. So be aware of the indecision, we should see some action from tomorrow.

Happy Trading!!

Back Back to top

Forex Risk Warning