Selling the USD/MXN today – Currency Strength and Weakness for Wednesday 11th October 2023
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.
My suggestions are posted by 6pm EST each day.
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Overall there is strength in the NZD, GBP, MXN and EUR, with minor strength in the AUD
Overall there is weakness in the JPY, with minor weakness in the USD, CHF and CAD
Trading Directions I am favouring for the next 24 hours
Buy Trades – EUR/USD, EUR/JPY, GBP/USD, GBP/JPY, NZD/USD, NZD/JPY, NZD/CAD, NZD/CHF, AUD/JPY, GBP/CHF, EUR/CAD, GBP/CAD, EUR/CHF
Sell Trades – USD/MXN
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– Andrew Mitchem
The Forex Trading Coach
Professional Forex Trader and Educator