Weakness in the AUD and Strength in the CAD today – Currency Strength and Weakness for Wednesday 16th October 2024

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.

For The Forex Trading Coach clients, login here https://theforextradingcoachcourse.com/ to get your exact entry and exit points for today’s recommended pairs.

Overall there is minor strength in the JPY and CAD

Overall there is minor weakness in the AUD and EUR

Trading Directions I am favouring for the next 24 hours

Buy Trades – GBP/AUD

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

Disclaimer: My clients have full access to my trading strategy, including Currency Strength and Weakness 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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Regards
Andrew

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

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