Daily Currency Strength and Weakness Analysis

NZD is still the strongest currency, even with its flat price movement at the moment.
CHF is the 2nd strongest currency, still showing some loss of strength.
GBP is the 3rd strongest currency, strengthening ever so slightly.
EUR is the 4th strongest currency, losing some more strength.

JPY is the weakest currency, continuing its losses.
AUD is the 2nd weakest currency, still strengthening.
CAD is the 3rd weakest currency, stronger than the day before.
USD is the 4th strongest currency, a bit flat after showing more strength.

Ideal currency pairs seem to be:

NZDJPY (Long) and GBPJPY (Long)

Traders note: With the bit of strength the GBP is showing there is a possible trend in GBPJPY. JPY is continuing its bearish movement but for how long…most of the currencies are strengthening and can be traded against the JPY, but remember with every added trade you increase your risk as the JPY will be the deciding factor.

Happy Trading!!

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