• flag+612 8091 5708
  • flag+1 646 583 2752
  • flag+64 21 1216268
  • flag+44 20 3289 1849

The Canadian Dollar Looks Weak – Currency Strength and Weakness for Wednesday 26th February 2014

BY , , , , , ,

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. 

It was a fairly quiet day all round yesterday which has resulted in few quality setups on the charts for today. We are looking for some good price action today which will give us some better setups for the remainder of this week.

Overall there is strength in the JPY, CHF and GBP.

Overall there is weakness in the CAD and AUD.

Trading Directions I am favouring for the next 24 hours

Buy Trades – GBP/CAD

Sell Trades – CAD/JPY, CAD/CHF, USD/CHF

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

FREE FOREX WEBINARS THIS WEEK FOR NEW FOREX TRADERS; click here for more details.

Regards
Andrew

 


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