Daily Currency Strength and Weakness Analysis

NZD is the strongest currency, wow look at it still going!!
AUD is the 2nd strongest currency, flat for the morning.
GBP is the 3rd strongest currency, showing some promise by strengthening again.
CAD is the 4th strongest currency, edging down with more weakness.
CHF is the 5th strongest currency, strengthening again after some weakness.

JPY is the weakest currency, continuing its bearish drop.
EUR is the 2nd weakest currency, showing more strength.
USD is the 3rd weakest currency, weakening even more.

Ideal currency pairs seem to be:

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

Traders note: At the rate the NZD and the JPY is strengthening and weakening respectively I can’t help wondering how long it will last… EURJPY (Long) is also a strong possible trend but with the EUR not yet above the 0 line on my strength indicator I am a bit weary. Time will only tell and for those with the stomach, hang in there and remember to ratchet your stop.

Happy trading!!

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