Hey traders,
Here’s the review of the relative strength within the FX markets I watch.
Weekly:
1. JPY
2.CHF
3.AUD
4.GBP
5.EUR
6. USD
After teasing us for the last couple of weeks with alleged strength CHF has dropped back and the JPY (despite intervention) has become the strongest currency. As I mentioned in previous posts the CHF on the daily timeframe gave a better idea of the true nature of CHF strength(or lack of).
On the daily timeframe we have
1. GBP
2. USD
3.JPY
4.AUD
5.EUR
6. CHF
There’s been a strengthening of GBP & USD over the daily timeframes.
As for opportunities I’m looking at trades on USDJPY, GBPJPY, S&P, FTSE, GBPUSD & EURGBP this week
Have a great week, if I get a chance I’ll pop up another video later this week.
Trade well!
FXTraderPaul
November 15, 2011
forex, FX Trading, FXTrader Paul, Trading