Huge strength in the GBP as the USD and CAD fall – Currency Strength and Weakness for Thursday 22nd October 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.
My suggestions are posted by 6pm EST each day.
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Overall there is strength in the GBP, NZD, AUD, and JPY
Overall there is weakness in the CAD, USD, and CHF, with minor weakness in the EUR
Trading Directions I am favouring for the next 24 hours
Buy Trades – EUR/USD, EUR/CAD, GBP/USD. GBP/CAD, GBP/AUD, GBP/CHF, GBP/AUD, AUD/CAD, AUD/CHF, AUD/USD, NZD/USD, NZD/CAD, NZD/CHF, XAU/USD
Sell Trades – EUR/GBP, EUR/NZD, EUR/JPY, EUR/AUD, USD/JPY, CAD/JPY, CHF/JPY
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– Andrew Mitchem
The Forex Trading Coach Professional Forex Trader and Educator