Daily Forex trading Analysis
January 21, 2013 in Forex
EUR is the strongest currency, losing some ground after a bullish run last week.
NZD is the 2nd strongest currency, still negative after it started weakening last week.
AUD is the 3rd strongest currency, edging downwards.
USD is the 4th strongest currency, weakening after its strength last week.
CAD is the 5th strongest currency, edging down after last week’s strength.
JPY is the weakest currency, suddenly strengthening again after its losses last week.
GBP is the 2nd weakest currency, continuing its weak performance.
CHF is the 3rd weakest currency, edging down after a show of strength last week.
Traders Note: There are no ideal pairs this morning as all the strong currencies are weakening this morning. We will wait for some clearer direction, before we attempt to trade.
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Risk Warning : Trading in forex is one of the riskiest forms of investment available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose.