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2014-10-03
Daily Forex Analysis

03/10/2014

Currency strength based on 4h analysis

USD, JPY and AUD are on the strong side of the pendulum this morning.

NZD, CHF, EUR and GBP are on the weak side.

CAD is still hovering in the middle.

Current Currency trends in the market

AUDJPY, Daily trend still intact but sideways on the 4h chart
AUDNZD, Daily trend still intact also sideways on the 4h chart
EURUSD, Daily trend still intact
GBPUSD, Daily trend still intact
NZDJPY, Daily trend still intact but sideways on the 4h chart
USDCAD, Daily trend still intact
USDCHF, Daily trend still intact

Possible signal today

EURUSD, not so much for today but rather Monday if the trend continues
GBPUSD, on increased momentum
USDCAD, on increased momentum

As it is Friday we prefer not to open any new trades as we don’t know what is going to happen Monday morning.

If you have any questions please email me on chrizette@realtrader.co.za.

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