Forex Currency Correlations<\/p>\n
The Swiss Franc is enjoying it’s safe haven status and looking strong on the 4 hour, daily and weekly timeframe versus the other major currencies.<\/p>\n
Both EUR\/CHF and USD\/CHF have seen record lows recently and could easily decline further.\u00a0 Retail traders will no doubt be looking to pick a bottom but institutional traders are pushing price to new lows.<\/p>\n
The New Zealand dollar has also also gained this week and is the highest ranking currency on 4 hour and daily according to the forex currency correlation charts.\u00a0 The Aussie dollar also has my attention heading into this coming week.\u00a0\u00a0 As always withthis way of trading, I will favour all of these currencies for long trades if I can trade them against the weaker ones highlighted below.<\/p>\n
At the negative end of the charts the CAD and US dollar are currently the weakest and therefore I will potentially be aiming to sell these currencies if a relevant opportunity comes.<\/p>\n
If you are interested in learning more about this way of analysing currency strength see this forex currency correlation strength<\/a><\/span> post.<\/p>\n <\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" Forex Currency Correlations The Swiss Franc is enjoying it’s safe haven status and looking strong on the 4 hour, daily and weekly timeframe versus the other major currencies. Both EUR\/CHF and USD\/CHF have seen record lows recently and could easily decline further.\u00a0 Retail traders will no doubt be looking to pick a bottom but institutional … <\/p>\n![\"\"](\"http:\/\/www.forex-fx-4x.com\/1\/wp-content\/uploads\/2011\/05\/forexrelativestrength29_5_11.png\")
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