Aussie Dollar Strength today? – Currency Strength and Weakness for Friday 31st October 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.
The clocks change in the US this weekend meaning that for everyone outside of the US my daily analysis will be posted here 1 hour later from next week. The time of 6:00pm EST New York Time remains the same, except on Monday 3rd November when I will not be posting my daily analysis until well into the European session.
Overall there is strength in the AUD and NZD.
Overall there is weakness in the EUR, GBP, CHF and JPY.
Trading Directions I am favouring for the next 24 hours
Buy Trades – AUD/JPY, AUD/CHF, NZD/JPY, NZD/CHF
Sell Trades – EUR/AUD, EUR/NZD, GBP/AUD
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.
A free copy of my Forex journey “From Dairy Farmer to Forex Trader” is available on video, mp3 or PDF file by clicking here
Have a fantastic weekend.
– Andrew Mitchem
The Forex Trading Coach
Professional Forex Trader and Educator