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.
Overall there is strength in GBP, CHF, AUD and NZD.
Overall there is weakness in the USD, CAD and JPY.
Trading Directions I am favouring for the next 24 hours
Buy Trades – EUR/USD, GBP/USD, GBP/JPY, GBP/CAD, AUD/USD, AUD/CAD, NZD/USD, XAG/USD, XAU/USD
Sell Trades – USD/JPY, USD/CHF, CAD/CHF
I’ve received some great feedback on yesterday’s analysis regarding comments such as how even through a major news announcement, the technical analysis still holds. Check out some of the weekly videos I make which you can view on the “FX News” page on my website for further details.
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 some suggestions
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To Your Trading Success.
– Andrew Mitchem
The Forex Trading Coach
Professional Forex Trader and Educator