If the Yen about to Strengthen again? – Currency Strength and Weakness for Wednesday 31st 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.
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 GBP, EUR and JPY
Overall there is weakness in the CHF, AUD and CAD, with minor weakness in the NZD and USD
Trading Directions I am favouring for the next 24 hours
Buy Trades – EUR/USD, GBP/USD, GBP/CHF, EUR/CAD, EUR/NZD, GBP/CAD, EUR/AUD, EUR/CHF, GBP/AUD, GBP/NZD, XAU/USD
Sell Trades – USD/JPY, NZD/JPY, AUD/JPY, CHF/JPY, CAD/JPY, HKD/JPY
Disclaimer: My clients have full access to my trading strategy, including Currency Strength and Weakness specific 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.
FREE FOREX WEBINARS THIS WEEK FOR NEW FOREX TRADERS – Click here
There are 2 webinar times this week.
Signup Below to Receive my Daily Analysis to your Inbox
– Andrew Mitchem
The Forex Trading Coach
Professional Forex Trader and Educator