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.
My suggestions are posted by 6pm EST each day.
There were very few shorter time frame trade opportunities yesterday in the direction of my posted strengths and weaknesses.
Overall there is renewed strength in the NZD with minor strength in the CHF, USD and CAD.
Overall there is weakness in the JPY, EUR and GBP.
Trading Directions I am favouring for the next 24 hours
Buy Trades – NZD/JPY, USD/JPY, CHF/JPY, CAD/JPY
Sell Trades – EUR/NZD, EUR/CHF, GBP/NZD, AUD/NZD
VERY IMPORTANT: These are not specific trades. Do not blindly place trades in the directions given below. Use your own trading strategy and look at taking setups that occur in the same direction as my daily analysis. If you don’t have your own trading strategy then email me here for help.
Here’s something to help you trade with low risk:
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Have a fantastic weekend.
– Andrew Mitchem
The Forex Trading Coach
Professional Forex Trader and Educator