Time for the Aussie Dollar to fall again – Currency Strength and Weakness for Friday 13th May 2016

Hi Forex Trader,

I make my 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.


Overall there is minor strength in the GBP, CAD, USD and CHF.  

Overall there is minor weakness in the AUD, JPY and EUR.  



Trading Directions I am favouring for the next 24 hours

Buy Trades – GBP/JPY, GBP/AUD

Sell Trades – EUR/NZD, EUR/CAD, EUR/CHF, AUD/USD, AUD/NZD, AUD/CAD, AUD/CHF




VERY IMPORTANT: These are not specific trades. Do not blindly place trades in the directions given above. Use your own trading strategy and look at taking setups that occur in the same direction as my daily analysis. If you don’t have your own trading strategy then email me here for help..



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Have a fantastic weekend,

Andrew

 


 

– Andrew Mitchem
The Forex Trading Coach
Professional Forex Trader and Educator