NZD and AUD weaken as the USD and CHF strengthen – Currency Strength and Weakness for Friday 16th October 2020
Hi Forex Trader,
I make my Currency Strength and Weakness suggestions every day based on where I see the market heading over the next 24 hours. Use my analysis below to aid your trading and to help you keep on the right side of the market.
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Overall there is strength in the USD and CHF, with minor strength in the EUR and JPY
Overall there is weakness in the AUD and NZD
Trading Directions I am favouring for the next 24 hours
Buy Trades – EUR/GBP, EUR/NZD, EUR/AUD, USD/JPY, USD/CAD, CHF/JPY
Sell Trades – EUR/USD, GBP/USD, GBP/JPY, GBP/CHF, AUD/USD, NZD/USD, NZD/CHF, NZD/JPY
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Use your own trading strategy and look to take trades that setup in the same direction as my daily analysis. If you don’t have a trading strategy, just CLICK HERE and I’ll send you some information to help you out.
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Have a fantastic weekend,
– Andrew Mitchem
The Forex Trading Coach
Professional Forex Trader and Educator