Big USD strength continues to end the week – Currency Strength and Weakness for Friday 19th May 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.
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, with minor strength in the CAD and NZD
Overall there is weakness in the CHF and JPY, with minor weakness in the GBP
Trading Directions I am favouring for the next 24 hours
Buy Trades – NZD/CHF, NZD/JPY, CAD/JPY, CAD/CHF, USD/CHF, USD/CAD, USD/JPY, USD/NOK, USD/SGD, SGD/JPY
Sell Trades – EUR/USD, GBP/USD, GBP/NZD, GBP/CAD, AUD/USD, XAU/USD, LNK/USD
Disclaimer: My clients have full access to my trading strategy, including specific Currency Strength 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.
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Have a fantastic weekend,
– Andrew Mitchem
The Forex Trading Coach
Professional Forex Trader and Educator