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Daily Forex Trend Analysis
Current Ideal currency pairs according to strength and weakness:
None for now
AUDJPY (Short): EURGBP (Long): NZDJPY (Short)
Ideal currency pairs trending:
AUDCAD (Short): AUDCHF (Short): AUDUSD (Short): AUDNZD (Short): EURAUD (Long): EURCAD (Long): GBPAUD (Long).
Trending pairs, but with volatility:
EURNZD (Long): GBPNZD (Long): GBPUSD (Short): NZDCHF (Short): NZDUSD (Short): USDCAD (Long).
AUDUSD (Short): EURAUD (Long): EURGBP (Long): EURNZD (Long)
AUDJPY: CADCHF: CADJPY: CHFJPY: EURCHF: EURJPY: EURUSD: GBPCAD: GBPCHF: GBPJPY: NZDCAD: USDCAD: USDCHF: USDJPY
Traders note: It is Monday and not a lot is going on in the markets today. We should see some action tomorrow again. For now the USD is the strongest currency, showing weakness. EUR, CAD and GBP are all losing ground, but this afternoon the EUR seems to want to lift its head again. CHF and JPY seem adamant to continue strengthening. AUD and NZD are currently at the bottom of the food chain, with some strength in the AUD. Some of the trends have changed a little and with the EUR strengthening a bit our EURAUD trade is moving in the right direction again. If you don’t have open positions hang in there, we could see some signals later today or even early tomorrow morning. Open positions must please be managed closely… move your stops when there are new highs or lows taken out…
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