Big strength returns to the US dollar as the NZD and AUD fall– Currency Strength and Weakness for Thursday 13th May 2021
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.
For The Forex Trading Coach clients, login here https://theforextradingcoachcourse.com/ to get your exact entry and exit points for today’s recommended pairs.
Overall there is strength in the USD and CAD, with minor strength in the EUR
Overall there is weakness in the AUD, NZD, and JPY
Trading Directions I am favouring for the next 24 hours
Buy Trades – EUR/NZD, EUR/JPY, EUR/AUD, GBP/AUD, GBP/NZD, USD/SGD, USD/SEK, USD/CHF, USD/JPY, CAD/JPY, CHF/JPY
Sell Trades – EUR/USD, GBP/USD, GBP/CAD, AUD/USD, AUD/CAD, AUD/JPY, AUD/CHF, NZD/CAD, NZD/USD, NZD/CHF, NZD/JPY, XAU/USD, XAG/USD
Disclaimer: My clients have full access to my trading strategy, including specific Currency Strength and Weakness trades each day that include the exact entry, stop loss and profit targets.
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.
AMAZING FREE TRADING TOOL – Click here Download your own FREE copy of my MT4 trading tool which will help you trade with low risk per trade, remove much of the emotion involved with taking trades and take away the focus on making “Pips”.
Signup Below to Receive my Daily Analysis to your Inbox
– Andrew Mitchem
The Forex Trading Coach Professional Forex Trader and Educator