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.
** We have hit a dull patch in the market, with some large weekend gaps and small indecisive moves. It is very important not to get frustrated or to start “inventing” trades that are not there.
Overall there is minor strength in USD.
Overall there is minor weakness in the NZD, JPY and CHF.
Trading Directions I am favouring for the next 24 hours
Buy Trades – USD/JPY
Sell Trades – NZD/USD, XAU/USD, XAG/USD
VERY IMPORTANT- PLEASE READ: 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 help.
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– Andrew Mitchem
The Forex Trading Coach
Professional Forex Trader and Educator