Weakness in the GBP, while the AUD strengthens – Currency Strength and Weakness for Wednesday 5th August 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 AUD and CAD, with minor strength in the EUR and CHF   

Overall there is weakness in the GBP and USD, with minor weakness in the NZD and JPY

Trading Directions I am favouring for the next 24 hours

Buy Trades – EUR/USD, EUR/GBP, AUD/USD, AUD/JPY, AUD/NZD, CAD/JPY,