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Canadian Dollar Strength – Currency Strength and Weakness for Tuesday 29th July 2014

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Canadian Dollar Strength – Currency Strength and Weakness for Tuesday 29th 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.

My suggestions are posted by 6pm EST each day. 

There was very little movement on any pair yesterday and as is the case so often at the beginning of the week, the lack of movement and clear direction on a Monday makes predicting the overall directions for today very difficult. 

Overall there is minor strength in the CAD and AUD.

Overall there is minor weakness in the JPY and NZD.


Trading Directions I am favouring for the next 24 hours


Buy Trades – AUD/JPY, CAD/JPY

Sell Trades – NZD/CAD





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To Your Trading Success.
Andrew


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