170+ Pips In Open Trades:
Well Hello June !

Fri 9th June 2023 : Daily Currency Strength Analysis

Today we’re looking at Trading Setups in:

• EURAUD (Primary Focus Pair)
• AUDJPY (Covered In Video)
• AUDCHF (Covered In Video)
• CADJPY (Covered In Video)
• EURCAD (Covered In Video)

Primary Focus Pair: Trade Plan & Details

Details:

This week we have featured numerous trading opportunities largely focusing in on EUR weakness and AUD strength.

EURAUD is one particular currency pair that has performed as we have expected so far. 

Our live forex strength vs weakness table alerted us to a short opportunity on Monday evening. 

Price has been trending lower after finding resistance at 1.6500.

Support of 1.6200 was broken down through most recently offering us short trading opportunities to 1.5900.

Price retested a minor resistance level at 1.6100 which allowed us to get short. 

Technical Observations:

• EUR is W3 and AUD is S1 on the day traders tables.
• Price has found resistance at 1.6100.
• If price continues lower it could retest major support at 1.5900.

Todays 9am (BST) Forex Strength Vs Weakness Tables: