Daily Currency Strength and Weakness Analysis

CHF is the strongest currency, showing great strength at the moment.
NZD is the 2nd strongest currency, picking up again after a huge loss.
EUR is the 3rd strongest currency, continuing its bullish run.
GBP is the 4th strongest currency, showing a little weakness in its flatness.

JPY is the weakest currency, weakening again.
AUD is the 2nd weakest currency, slowing a bit in its weakness.
CAD is the 3rd weakest currency, falling even further.
USD is the 4th weakest currency, showing some more strength.

Ideal currency pairs seem to be:

AUDNZD (Short), NZDCAD (Long), AUDCHF (Short), EURAUD (Long), NZDJPY (Long), CHFJPY (Long)and EURJPY (Long).

Traders note: Be wary of AUDNZD as the 2 currencies have a tendency to follow each other. CHF and EUR are looking good, but don’t get too comfortable. CAD and AUD looks set in its weakness and should they continue we can see great profits in the combinations of it with EUR and CHF. Always remember that ANYTHING can HAPPEN, so never let your guard down… be diligent!

Happy Trading!!

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