As I mentioned last week I’ll start putting up my weekly strength chart for the Currencies I watch.
1. CHF
2. YEN
3. AUD
4.EUR
5.GBP
6. USD
Only real change on the weekly strength is that despite the BoJ intervention Yen has overtaken AUD. Not a real surprise if you look at the kicking that the Aussie Dollar has taken over the last week.
Lots of Outside Bars as well, especially on Yen pairs. Something for you to take a look at and investigate.
Hope it helps.
FXTraderPaul
A professional Trader and Coach, FXTraderPaul blogs about his adventures from the front-lines of FX Trading. A Trader and educator who can walk the walk as opposed to merely talk the talk!
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August 8, 2011
forex, FX Trading, FXTrader Paul, Trading Set-ups, Weekly Analysis