I’m just using the ZAR chart to upload my post, but interesting to see how strong ZAR has become against USD! I always analyze weak/strong currencies to decide on the pairs I want to trade and this is my analysis for today:

Weak currencies: NZD/EUR/CHF
Strong currencies: CAD/USD/GBP/JPY

Trade suggestions:
Sell: NZDJPY/EURJPY/EURGBP/NZDCAD
Buy: AUDNZD/GBPNZD/GBPCHF/CADCHF

NOTE: NEWS EVENTS CAN INSTANTLY CHANGE THE DIRECTION OF A CURRENCY AND BIG GBP news today, so don’t take any trades blindly. The strength and weakness of a currency can also change from session to session.

CURRENCY STRENGTH AND WEAKNESS

Source: Maryna Murray

2 thoughts on “CURRENCY STRENGTH AND WEAKNESS ANALYSIS – 4 AUG 2016”

  1. Warren says:

    Very interesting post Maryna.
    In South Africa we had elections yesterday and the IEC are still counting the votes so I would be very cautious trading anything ZAR

    1. Maryna says:

      Warren, thanks and I have been selling USDZAR from $15 already and made great $$ selling the pair. ZAR moves well and with good profits, but yes, I’m always cautious when I trade this pair. Thanks for your inputs and post.

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