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Currency Strength and Weakness for Thursday 25th April 2013

BY , ,

Hi Traders,

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.

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Overall there is strength in the NZD.

Overall there is minor weakness in the CHF and USD.

Trading Directions I am favouring for the next 24 hours

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

Buy Trades – NZD/USD, NZD/JPY 

Sell Trades – EUR/NZD, GBP/NZD

*** (be aware of the ANZAC public holiday in New Zealand and Australia today, so if you are taking NZD and AUD related trades today, there is likely to be thin volume in these pairs)

To Your Trading Success.
Andrew Mitchem

The Forex Trading Coach