Weekly Analysis 25/09/2011

Here’s my weekly FX strength analysis for the week beginning 25/09/2011


1. JPY






Ok so by my scale thats the first period for over 9 months, since the CHF was not the strongest currency(since 19/12/2010 to be exact) . Admittedly it’s only dropped to 2nd but when we look at the daily picture we’ll get a deeper look at the state of play.  After the SNB intervention and Euro peg it’s no surprise to see such a change. It will be interesting to see how much it costs the SNB should they (as they stated) do whatever it costs to weaken their currency.

Naturally the Japanese are hardly going to be pleased to see their currency strengthen against other currencies and no doubt they’ll engage in their own shenanigans. What you may also notice is the rise of the USD, hardly surprising when these markets are stalked by fear.

If we look at the daily charts we get a further look at whats going on.

1. JPY

2. USD


4. EUR



Here we can see how far the CHF has fallen from grace against the other majors and also how the USD is strengthening against other currencies.

Remember wherever possible we want to be buying strength and selling weakness.  If you’d like to learn how I use this data to support my trading then you’re welcome to join me for a day of Trading Strategies on the 8th October in Central London.  Take a look at our link here.





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About 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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