Daily Currency Strength pre-Asian Opening: AUD -6, CAD +4, CHF +1, EUR -1, GBP +4, NZD -3, USD +7, JPY -6.
GBP/AUD: If market gaps down at market opening, we are going to buy in to the gap, since GPB is strong (+4) and AUD is weak (-6). If market gaps up, we want to leave this pair alone. ***The last this we want to be doing is selling a strong currency against a weak currency.***
USD/JPY: If market gaps down at market opening, we are going to buy in to the gap, since USD is strong (+7) and JPY is weak (-6). If market gaps up, we want to leave this pair alone.
CAD/JPY: If market gaps down at market opening, we are going to buy in to the gap, since CAD is strong (+4) and JPY is weak (-6). If market gaps up, we want to leave this pair alone.
NZD/USD: If market gaps up at market opening, we are going to sell in to the gap, since USD is strong (+7) and NZD is weak (-3). If market gaps down, we want to leave this pair alone.
AUD/USD: If market gaps up at market opening, we are going to sell in to the gap, since USD is strong (+7) and AUD is weak (-6). If market gaps down, we want to leave this pair alone.
AUD/CAD: If market gaps up at market opening, we are going to sell in to the gap, since CAD is strong (+4) and AUD is weak (-6). If market gaps down, we want to leave this pair alone.
EUR/USD: If market gaps up at market opening, we are going to sell in to the gap, since USD is strong (+7) and EUR is moderate/weak (-1). If market gaps down, we want to leave this pair alone.
GBP/JPY: If market gaps down at market opening, we are going to buy in to the gap, since GBP is strong (+4) and JPY is weak (-6). If market gaps up, we want to leave this pair alone.
NOTE: There is not always going to be a gap during the market opening but its better to be prepared and not have an opportunity than it is to have an opportunity and not be prepared.
Find out more about Weekend-gap Strategy here:
GBP/AUD: If market gaps down at market opening, we are going to buy in to the gap, since GPB is strong (+4) and AUD is weak (-6). If market gaps up, we want to leave this pair alone. ***The last this we want to be doing is selling a strong currency against a weak currency.***
USD/JPY: If market gaps down at market opening, we are going to buy in to the gap, since USD is strong (+7) and JPY is weak (-6). If market gaps up, we want to leave this pair alone.
CAD/JPY: If market gaps down at market opening, we are going to buy in to the gap, since CAD is strong (+4) and JPY is weak (-6). If market gaps up, we want to leave this pair alone.
NZD/USD: If market gaps up at market opening, we are going to sell in to the gap, since USD is strong (+7) and NZD is weak (-3). If market gaps down, we want to leave this pair alone.
AUD/USD: If market gaps up at market opening, we are going to sell in to the gap, since USD is strong (+7) and AUD is weak (-6). If market gaps down, we want to leave this pair alone.
AUD/CAD: If market gaps up at market opening, we are going to sell in to the gap, since CAD is strong (+4) and AUD is weak (-6). If market gaps down, we want to leave this pair alone.
EUR/USD: If market gaps up at market opening, we are going to sell in to the gap, since USD is strong (+7) and EUR is moderate/weak (-1). If market gaps down, we want to leave this pair alone.
GBP/JPY: If market gaps down at market opening, we are going to buy in to the gap, since GBP is strong (+4) and JPY is weak (-6). If market gaps up, we want to leave this pair alone.
NOTE: There is not always going to be a gap during the market opening but its better to be prepared and not have an opportunity than it is to have an opportunity and not be prepared.
Find out more about Weekend-gap Strategy here:
