Daily Currency Strength and Weakness Analysis

November 29, 2012 in Forex

CHF is the strongest currency, pushing into strength.
AUD is the 2nd strongest currency, continuing its weakening.
EUR is the 3rd strongest currency, still strengthening.
NZD is the 4th strongest currency, trying hard to strengthening.
CAD is the 5th strongest currency, trending up.
USD is the 6th strongest currency, falling into weakness.

JPY is the weakest currency, back into weakness after some strength for a couple of days.
GBP is the 2nd weakest currency, on the border of strength and weakness, neither here nor there.

 

Ideal currency pairs seem to be:

USDCHF (Short), EURJPY (Short), CHFJPY (Long) and EURJPY (Short)

Traders Note: These strength and weakness moves are short and sudden, so take care with your trades as timing is everything. Keep your stops close.

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