Daily Forex Analysis

January 15, 2013 in Forex

EUR is the strongest currency, continuing to lose ground after its sudden strength last week.
NZD is the 2nd strongest currency, looking to strengthen even further.
AUD is the 3rd strongest currency, edging up slowly.
CAD is the 4th strongest currency, sideways this morning.
USD is the 5th strongest currency, trying to edge into strength.

JPY is the weakest currency, strengthening significantly after its spiralling weakness.
GBP is the 2nd weakest currency, edging down slowly.
CHF is the 3rd weakest currency, falling sharply after its foetal attempt to strengthen.

Ideal currency pairs and their direction:

http://www.realtrader.co.za/wnewsdisp.php?id=14009

Traders Note: with the JPY’s sudden strength all bets are off, if your stops where not activated you should think of taking the knock and looking for new opportunities. OR… is this just another filing attempt? We will never know… Anything can happen!!

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