Strength in the Commodity Currencies AUD, NZD, and CAD as the USD and JPY fall to start December – Currency Strength and Weakness for Thursday 1st December 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.
My suggestions are posted by 6pm EST each day.
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Overall there is strength in the NZD, AUD, and CAD
Overall there is weakness in the USD and JPY, with minor weakness in the EUR, and CHF
Trading Directions I am favouring for the next 24 hours
Buy Trades – EUR/USD, EUR/HKD, EUR/MXN, GBP/MXN, GBP/USD, AUD/USD, AUD/CHF, AUD/JPY, AUD/SGD, NZD/USD, NZD/CHF, NZD/JPY, CAD/CHF, XAU/USD, XAG/USD
Sell Trades – EUR/AUD, EUR/NZD, EUR/CAD, GBP/NZD, GBP/AUD, USD/CAD, USD/CHF, USD/SGD
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.
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– Andrew Mitchem
The Forex Trading Coach Professional Forex Trader and Educator