Forex Trading

Currency strength and weakness according to 4h performance

CHF showing strength
JPY, AUD, NZD, GBP, CAD and EUR are all declining at a very flat angle with EUR leading the pack into weakness.

Current daily trends

AUDCAD, trend intact
CADJPY, trend intact
EURAUD, trend intact
EURCAD, trend intact
EURGBP, trend intact
EURJPY, trend intact
EURNZD, trend intact
EURUSD, trend intact
EURAUD, trend intact
GBPJPY, trend intact
NZDCAD, trend intact
USDCAD, trend intact

Possible entries today or during the week

AUDCAD, should AUD show some strength
CADJPY, should JPY show strength
EURGBP, should GBP keep picking up
EURJPY, should JPY show strength
EURNZD, on increased negative momentum from EUR
GBPJPY, a lot of volatile on 4h chart
NZDCAD, a lot of volatile on 4h chart
USDCAD, a lot of volatile on 4h chart

The whole market seems flat and sideways although most trends are keeping steady. A bit of volatility on the 4h charts making it difficult to get into the trends…especially if your account is smaller than $1000.

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