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Currency Strength and Weakness for Wednesday 8th May 2013

BY , ,

Hi Traders,

IMPORTANT NOTE: I will be on holiday in Singapore and India between 11th – 31st May. In that time I will be posting here as often as possible. Apart from times when I will be flying, I expect to be able to post here almost every day while away. In Singapore that will be 6am local time and in India I will be posting at 3:30am local time.

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.

FREE INTRODUCTION TO TRADING WEBINAR: If you are new to trading Forex then this is a must attend webinar for you. These will be the last webinars I will be holding until early June as I am heading over to India on holiday at the end of this week. When I return I will also be holding some more advanced webinars but the webinar this week are designed especially for newer traders. So if you’ve been trading for 6 months or less make sure you sign up.

(If you’ve already attended one of my free webinars in the past few months, there’s no need to attend as these webinars will contain the same information).

Find out more by clicking HERE

Overall there is strength in the CAD, EUR, JPY and USD.

Overall there is weakness in the AUD, NZD, GBP and CHF.

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



To Your Trading Success.
Andrew Mitchem

The Forex Trading Coach