Daily Currency Strength and Weakness Analysis

NZD is the strongest currency, continuing its run on a steady pace.
GBP is the 2nd strongest currency, showing us sudden weakness since yesterday.
AUD is the 3rd strongest currency, adding to its strength.
CAD is the 4th strongest currency, still very flat and frustrating.
CHF is the 5th strongest currency, could not sustain its bullish run it seems as it is weakening again.

JPY is the weakest currency, still trying hard to strengthen.
EUR is the 2nd weakest currency, weakening again after its sudden strength.
USD is the 3rd weakest currency, losing some ground but not much.

Ideal currency pairs seem to be:

USDNZD (Short) and EURNZD (Short)

Traders note: they seem to be ideal only due to the vigor NZD is strengthening with. If it will last is another story all together… so be careful. Money management and stops are crucial in these markets. Remember: ANYTHING CAN HAPPEN!! So prepare for the worst.

Happy trading!!

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