Daily Currency Strength and Weakness analysis

May 2, 2013 in Forex

GBP is the strongest currency, showing some strength after the weakness.
EUR is the 2nd strongest currency, recovering after its weakness.
CHF is the 3rd strongest currency, flat after it showed some strength.
CAD is the 4th strongest currency, continuing its bullish run.

AUD is the weakest currency, showing more weakness.
JPY is the 2nd weakest currency, still pushing into strength.
USD is the 3rd weakest currency, strengthening a little bit.

Traders note: We have been seeing an awesome trend on the AUDNZD and have had numerous entries to date…. Just adding to our position…at the moment we are on 5 – 8% portfolio growth just on this pair… It pays to wait for that real trend and then ride it as long as it goes. Keep an eye on this one, we don’t know how long it will last.

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