+7.9% in a Day – Currency Strength and Weakness for Thursday 31st July 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.

Thank you for your feedback regarding yesterday's analysis. 
I also had an excellent day, with a +7.9% gain on closed trades on one account, click here to see more 


My suggestions are posted by 6pm EST each day. 

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

Overall there is weakness in the JPY, AUD and CAD


Trading Directions I am favouring for the next 24 hours


Buy Trades – EUR/JPY, EUR/AUD, EUR/CAD, NZD/JPY, USD/JPY, USD/CAD

Sell Trades – AUD/USD, AUD/NZD


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”. 

Download your FREE copy here


Andrew


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

© 2019 The Forex Trading Coach Ltd (NZ FSPR:FSP37396) provides general information and educational courses and materials only. This is not an offer to buy/sell financial products. We do not provide personal advice nor do we consider the needs, objectives or circumstances of any individual. Financial products are complex and all entail risk of loss. Over-the-counter derivative and foreign exchange products are considered speculative because they are highly leveraged and carry risk of loss beyond your initial investment, hence should only be traded with capital you can afford to lose. Please ensure you obtain professional advice to ensure trading or investing in any financial products is suitable for your circumstances, and ensure you obtain, read and understand any applicable offer document.

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