The Pound crashes as the interest rates fall and the printing of money steps up – Currency Strength and Weakness for Friday 5th August 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 strength in the AUD and CAD with minor strength in the NZD and JPY

Overall there is weakness in the GBP and EUR



Trading Directions I am favouring for the next 24 hours

Buy Trades – EUR/GBP, AUD/CHF

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




Disclaimer: My clients have full access to my trading strategy, including 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.

.



A free copy of my Forex journey “From Dairy Farmer to Forex Trader” is available on video, mp3 or PDF file by clicking here

 

Click here to subscribe to the RSS Feed

 

Have a fantastic weekend,

Andrew

 


 

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