The EUR rises and the CAD falls ahead of the US unemployment news – Currency Strength and Weakness for Friday 5th August 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.
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Overall there is strength in the EUR, JPY, and CHF, with minor strength in the NZD
Overall there is weakness in the CAD, USD, and GBP
Trading Directions I am favouring for the next 24 hours
Buy Trades – EUR/USD, EUR/CAD, EUR/GBP, EUR/AUD, EUR/NZD, GBP/CAD, AUD/CAD, NZD/CAD, NZD/USD, XAU/USD
Sell Trades – GBP/CHF, GBP/JPY, USD/SGD, USD/SEK, USD/CHF, USD/JPY, USD/ZAR, USD/DKK, CAD/CHF, CAD/JPY, USO/USD, UKO/USD
Disclaimer: My clients have full access to my trading strategy, including specific Currency Strength 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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Have a fantastic weekend,
– Andrew Mitchem
The Forex Trading Coach
Professional Forex Trader and Educator