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2014-10-22
Daily Forex Analysis

22/10/2014

Currency strength and weakness

NZD, GBP, AUD and CAN has shown strength the last 24 hours.

CHF, EUR and JPY has shown weakness the last 24 hours.

USD is sideways.

Current daily trends

AUDNZD, trend intact although on 4h chart the pair is sideways
EURCHF, trend intact although on 4h chart the pair is sideways
EURJPY, trend intact although trend still unstable on 4h
NZDCAD, trend intact although trend still unstable on 4h

No possible signals for today.

This is just like the market, yesterday we thought we might find some stability just to be disappointed again today. It is not the ideal market to trade in at the moment, not if you are like us looking to benefit from trends.

If you would like to find out more about the analysis please email me on chrizette@realtrader.co.za

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