Huge weakness returns to the Japanese Yen as the AUD and NZD also drop and the GBP rises – 7th September 2022
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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 GBP, CAD, and USD, with minor strength in the EUR and CHF
Overall there is weakness in the JPY and AUD, with minor weakness in the NZD
Trading Directions I am favouring for the next 24 hours
Buy Trades – EUR/JPY, EUR/AUD, EUR/NZD, GBP/JPY, GBP/AUD, GBP/NZD, USD/JPY, CAD/JPY, CHF/JPY, USD/MXN
Sell Trades – AUD/USD, AUD/CAD, AUD/CHF, AUD/SGD, NZD/CAD, NZD/USD, NZD/CHF, BTC/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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– Andrew Mitchem
The Forex Trading Coach
Professional Forex Trader and Educator