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.
A very quiet day for many pairs yesterday. This makes anticipating any likely direction a difficult process for today,
Overall there is minor strength in CAD, EUR and GBP.
Overall there is weakness in the JPY and USD.
Trading Directions I am favouring for the next 24 hours
Buy Trades – EUR/JPY, GBP/JPY, CAD/JPY
Sell Trades – USD/CAD
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
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The Forex Trading Coach
Professional Forex Trader and Educator