Hey Traders,
Here’s my Weekly Strength Analysis for the week beginning 18/12/2011.
1. JPY.
2. CHF
3. AUD
4. USD
5. GBP
6.EUR
AUD & CHF swap places but I don’t consider it to be a long-term change. If we look at the daily strength analysis:
1. USD
2. JPY
3.GBP
4.AUD
5.CHF
6.EUR
We still see the present picture namely CHF & EUR weakness with dollar & JPY strength running into the holiday period. I’m not looking at opening any new positions this week and will be scaling back operations. However I have recently had two positions in the FTSE & the S&P and I’ll update you on them tomorrow.
Have a great week.
FXTraderPaul
December 19, 2011
forex, FX Trading, FXTrader Paul, Trading, Weekly Analysis