The GBP drops as the New Zealand Dollar continues to rise to end the week – Currency Strength and Weakness for Friday 12th August 2022
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 NZD and AUD
Overall there is weakness in the GBP, with minor weakness in the CHF
Trading Directions I am favouring for the next 24 hours
Buy Trades – EUR/GBP, NZD/JPY
Sell Trades – EUR/NZD, GBP/AUD, GBP/NZD, XAG/USD, XAG/EUR
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Have a fantastic weekend,
– Andrew Mitchem
The Forex Trading Coach
Professional Forex Trader and Educator