Hello Traders,
Here’s this weeks analysis of the FX markets I watch.
Weekly Strength
1. CHF
2. JPY
3.AUD
4. GBP
5.EUR
6.USD
No real shocks there. Of course there were some amazing moves due to SNB intervention but those have yet to show through on the weekly charts. If we drop down to the daily strength analysis then we have a more up-to-date picture.
1. JPY
2.USD
3.AUD
4.GBP
5.EUR
6.CHF
Now we get a different picture based on recent events showing a growing strength in USD (as people run for other safe heavens) and a weakening of the CHF (as the SNB pegs the CHF to EUR).
As Always were ever possible we want to be buying strength and selling weakness.
If you’d like to learn more about how I use this data for my trading then you could find out more by attending this FX Strategy Event on Saturday 8th October.
Hope it helps.
FXTraderPaul
February 3, 2012 at 8:10 pm
Where do you get time to write so good articles?