Currency Strength and Weakness for Friday 17th May 2024

Andrew Mitchem

Special Consultant to the FPA
Messages
3,176
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 NZD, with minor strength in the USD and GBP

Overall there is weakness in the CHF, with minor weakness in the JPY


Trading Directions I am favouring for the next 24 hours

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

Sell Trades – AUD/NZD, FRA40, EUSTX50

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.

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Have a fantastic weekend.

Andrew


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