Weakness in the Swiss Franc and strength in the US Dollar to end the week– Currency Strength and Weakness for Friday 22nd May 2020
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 USD, with minor strength in the JPY
Overall there is weakness in the CHF, with minor weakness in the AUD
Trading Directions I am favouring for the next 24 hours
Buy Trades – GBP/CHF, USD/CHF, USD/CAD
Sell Trades – EUR/USD, AUD/JPY, CAD/JPY, CHF/JPY, XAU/USD, XAG/USD
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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