Daily Forex Analysis

Currency strength and weakness on the 4h charts

AUD and GBP has shown some strength.

CAD and USD also showed strength but fell back into weakness this morning.

EUR, CHF, NZD and JPY are all weaker this morning although NZD is picking up slowly.

Daily currency trends

AUDJPY, uptrend not 100% confirmed on daily chart yet but 4h chart is showing great potential
EURCHF, downtrend still intact although great volatility on 4h chart
EURGBP, downtrend now confirmed with price very sideways on 4h chart

Possible signals for today

AUDJPY, should AUD continue to show strength.

Still nothing clear on the markets this morning. Times like these that we wait. Ideal for reviewing your trading plan making sure you know every process.

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