Weekly Analysis – 18/12/2011

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