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Trading Goals for 2014 – Currency Strength and Weakness for Monday 16th December 2013

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Hi Forex Trader,

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 the CAD and NZD.

Overall there is weakness in the GBP with minor weakness in the EUR and USD.

Trading Directions I am favouring for the next 24 hours

IMPORTANT: Just to let you know that Monday’s trade analysis, when the market opens at the beginning of the new week (Sunday if you are in the US/Europe) are usually the hardest to pick and if you wanted a day off trading, that would generally be the day to choose. The reason being; I am looking at the previous week’s prices and the new open prices for the week when making my analysis on a Monday and of course many things can happen between the close of the market one week and the opening of the market the next week and the market sentiment can often change. Just bear this in mind each Monday. 

Buy Trades – NZD/USD, CAD/CHF


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.

WEEKLY FOREX TRADING VIDEO and iTUNES PODCAST: Watch my weekly Forex news video.

In this week’s video I talk about:

“Setting Your Trading Goals for 2014”

Join over 10,300 other traders like you from around the world who listen to my Podcast each week on iTunes.

Find out more by clicking here.

Save $900 right now:

I am holding a 4 day Christmas sale on my Forex Coaching Course between 16th – 19th December. This will be a USD$900 saving on the standard course fee. The offer is now live. For more details please click here.

Have a great week ahead.


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