Here’s my weekly relative strength update for the 9th October
1. JPY
2.CHF
3.AUD
4.USD
5.GBP
6.EUR
Nothing new here, just the AUD and USD swapping places which is down to the pullback on the weekly chart.
If we look at the Daily chart we can see:
1 JPY
2. USD
3.GBP
4.EUR
5.AUD
6.CHF
JPY still leads the field and CHF is the weakest. USD is strong across the board on the dailies at present whilst the AUD has been selling off.
Have a great trading week. Hope this 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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October 11, 2011
forex, FX Trading, FXTrader Paul, Trading