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Daily Forex Analysis
Currency Strength and Weakness based on 4h performance
USD and GBP two strongest currencies but have been showing weakness the since the early morning.
EUR and CHF is showing significant strength suddenly.
CAD and NZD is faffing around not sure where to go.
AUD has dropped significantly, not sure if this is a new trend.
JPY is still very weak but showing some strength.
Current Daily trends
AUDUSD, trend intact
Possible signals for today and tomorrow
CADJPY, only if JPY continues to weaken
The weakness of the JPY matched with any currency that is performing continuously stronger will be a winning trade. Just remember with every trade that includes one specific currency you are increasing your risk and exposure. Try to choose the best 2 and do your money management.
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