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2013-04-10
Daily Currency Strength and Weakness Analysis

NZD is the strongest currency, continuing its bullish run.
AUD is the 2^nd strongest currency, adding more strength.
GBP is the 3^rd strongest currency, still losing strength.
CAD is the 4^th strongest currency, bearing down into weakness as well.
CHF is the 5^th strongest currency, showing some strength again.

JPY is the weakest currency, weakening again after the small show of strength.
USD is the 2^nd weakest currency, weakening more.
EUR is the 3^rd weakest currency, continuing to show strength.

Ideal currency pairs seem to be:

NZDUSD (Long), NZDJPY (Long), AUDJPY (Long) and AUDUSD (Long)

Traders note: With the JPY continuing its weakness it helps to establish a strong trend on the NZDJPY, remember to drag your stop up with you as the trend moves AND only when the latest significant high has been taken out.

Happy Trading!!

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