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11 Forex pairs to focus on trading today – Currency Strength and Weakness for Thursday 7th August 2014

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11 Forex pairs to focus on trading today – Currency Strength and Weakness for Thursday 7th August 2014

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 AUD, JPY and CAD

Overall there is weakness in the EUR, USD, GBP and NZD


Trading Directions I am favouring for the next 24 hours


Buy Trades – AUD/USD, AUD/CHF

Sell Trades – EUR/JPY, EUR/AUD, EUR/CAD, GBP/JPY, GBP/AUD, GBP/CAD, NZD/JPY, NZD/CAD, USD/CAD


VERY IMPORTANT: These are not specific trades. Do not blindly place trades in the directions given above. 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.



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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Andrew


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