I thought that I would add some of my weekly analysis to the blog. It’s nothing difficult, just the use of a simple technical analysis tool to give me an idea of which currency is strong and which is weak. It takes about 10 minutes every Sunday night and is a quick and easy way to start my trading week and get a snapshot on whats happening.
Weekly Strength:
1. CHF
2. AUD
3. YEN
4. EUR
5.GBP
6. USD
No real surprises there I suppose. I use the strength, trend and momentum of the weekly charts to help me decide on some of my swing trades. Ideally it usually helps to be buying strength and selling weakness when I trade with the trend.
Happy to take ideas from others about how they view the longer time frames.
FXTraderPauls Trading Adventures 
August 2, 2011 at 3:23 pm
I have been short the USD/CHF for a very long time doing a position trade. but I am expecting a pull back soon as it is a long way from the SMA i use, I need to improve my fundermental side of my trading could you explain more about how you come to the above weekly analysis.
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August 3, 2011 at 2:43 pm
Thanks for the feedback Ant. I altered a technique that I was taught by someone else. I simply look at approximately 15 weekly currency charts and between them work out how the 6 currencies relate to each other and from that derive which is the strongest and which the weakest.
Invariably there’s not much of a surprise e.g. CHF & AUD strong, USD & EUR weak but it does help to get the right mindset at the start of the week.
Well done on being Short USDCHF. I myself had been short at 0.8736 but it hit my final target long before this further collapse ensured.
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