Weekly Analysis 8/1/2012

Happy New Year Fellow Traders!

I had an extended break over the holiday period and used the time to plan my next 12 months. More of that in future posts. In the mean time here’s the weekly strength analysis for this week.

Weekly:

1. JPY

2.AUD

3. USD

4. CHF

5. GBP

6. EUR

Ok so for  the start of 2012 the JPY & AUD still look strong with USD strengthening, CHF weakening and EUR a complete dog. Any surprises there people?

Looking at the daily strength matrix:

1. AUD

2. JPY

3.USD

4.GBP

5.CHF

6.EUR

Same three strong currencies though interesting to see AUD strongest on the daily time frame. The CHF is still slipping in terms of strength and once again the EUR is a dog.

This week I’ve been looking at GBPUSD, GBPJPY & AUSUSD in particular for set-ups. More of that later.

I hope you all had a cracking holiday period and a good start to 2012.

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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2 Comments on “Weekly Analysis 8/1/2012”

  1. Ryan Greenwell Says:

    Thanks for your analysis Paul and thanks for your coaching last year. I’m up 10% over 4 months of trading as a result. On target for a good 12 months!

    Like

    Reply

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