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Daily currency Strength and Weakness Analysis
NZD is the strongest currency, slowing down a bit with sideways movement.
JPY is the weakest currency, losing more and more value.
Ideal currency pairs seem to be:
NZDJPY (Long), GBPJPY (Long), NZDUSD (Long), CHFJPY (Long) and EURJPY (Long)
Traders note: With the bit of sideways movement from the NZD we will see the momentum in the NZDJPY and NZDUSD taper down a bit… so the price movement will also be sideways (flat candles). Any sideways energy in the currencies causes loss of momentum. This could be a sign of the market taking a breath or air for a new push or change of direction. So we hang in there till we get confirmation of either the possibilities.
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