A Win for the Conservatives – Currency Strength and Weakness for Friday 8th May 2015
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.
Be careful with your trading today as results start to filter through from the UK General Election.
There is a public holiday today in France and there is also the monthly US Non-Farm Employment Change data release at 8:30am Friday EST.
Overall there is strength in the GBP and USD.
Overall there is weakness in the AUD, CAD and NZD.
Trading Directions I am favouring for the next 24 hours
Buy Trades – GBP/AUD, GBP/NZD, GBP/CAD, GBP/CHF
Sell Trades – EUR/GBP, AUD/USD, NZD/USD
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.
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Have a fantastic weekend.
– Andrew Mitchem
The Forex Trading Coach
Professional Forex Trader and Educator