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Forex Trade Examples – Currency Strength and Weakness for Thursday 29th August 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.

Here’s a screenshot from one of my accounts (risking 1/8 of 1% per trade or 0.125%) from yesterday – CLICK HERE
Notice how I said in my post that I was looking for NZD and GBP weakness and CAD strength – see how that relates to the analysis that I posted on this site yesterday. Both of these trades were taken off the shorter time frame charts.

My suggestions are posted by 6pm EST each day. 

Overall there is minor strength in the USD, GBP, CAD and NZD.

Overall there is minor weakness AUD, EUR, CHF and JPY.

Trading Directions I am favouring for the next 24 hours


Sell Trades – EUR/GBP, EUR/CAD, 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 some suggestions

Here’s something to help you trade with low risk:
AMAZING FREE TRADING TOOL: Download your own FREE copy of my MT4 trading tool which will help you trade with low risk per trade, remove much of the emotion involved with taking trades and take away the focus on making “Pips”. 

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To Your Trading Success.


– Andrew Mitchem
The Forex Trading Coach
Professional Forex Trader and Educator