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2013-05-28
Daily Forex Trend Analysis

Current Ideal currency pairs according to strength and weakness:

USDCAD

New Trends:

None

Ideal currency pairs trending:

AUDCAD (Short): AUDUSD (Short): AUDNZD (Short): EURAUD (Long): EURCAD (Long): GBPAUD (Long).

Trending pairs, but with volatility:

AUDCHF (Short): AUDJPY (Short): EURGBP (Long): EURNZD (Long): GBPNZD (Long): GBPUSD (Short): NZDCHF (Short): NZDJPY (Short): NZDUSD (Short): USDCAD (Long).

Possible signal for today on h4:

GBPUSD (Short): USDCAD (Long)

No go:

AUDJPY: CADCHF: CADJPY: CHFJPY: EURCHF: EURJPY: EURUSD: GBPCAD: GBPCHF: GBPJPY: NZDCAD: USDCAD: USDCHF: USDJPY

Traders note: The US markets are opening again today and we are already seeing some strength in the USD. EUR is trying hard to recover. CAD and GBP are still showing some weakness. Sudden weakness in the CHF and JPY after bullish runs and sudden strength in the AUD and NZD all are causing some volatility in the markets seen as huge candles on the charts. Only two possible entries for today with a very good one the USDCAD, so should CAD continue to fall it could become a great trend to ride.

Happy Trading!!

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