Huge weakness in the Commodities pairs AUD, NZD, and CAD as USD and JPY climb further – Currency Strength and Weakness for Thursday 16th April 2020

Huge weakness in the Commodities pairs AUD, NZD, and CAD as USD and JPY climb further – Currency Strength and Weakness for Thursday 16th April 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 USD, JPY, and CHF, with minor strength in the EUR and GBP

Overall there is weakness in the AUD, NZD and CAD



Trading Directions I am favouring for the next 24 hours





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

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



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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

– Andrew Mitchem

The Forex Trading Coach Professional Forex Trader and Educator