Weekly Strength Analysis 13/11/2011

November 15, 2011

forex, FX Trading, FXTrader Paul, Trading

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

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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!

View all posts by FXTraderPaul

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