“The Pound weakness continues even further” – Currency Strength and Weakness for Wednesday 23rd March 2016
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.
Overall there is strength in the AUD, CAD and USD
Overall there is weakness in the GBP, JPY, EUR and CHF
Trading Directions I am favouring for the next 24 hours
Buy Trades – AUD/JPY, AUD/CHF, CAD/JPY, CAD/CHF
Sell Trades – GBP/USD, GBP/AUD, GBP/NZD, GBP/CAD, NZD/CAD, EUR/AUD, EUR/CAD
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 some suggestions
FREE FOREX WEBINARS THIS WEEK FOR NEW FOREX TRADERS – Click here
There are 2 webinar times this week.
VERY IMPORTANT: I will not be posting my daily market analysis on Thursday 24th, Friday 25th, Monday 28th and Tuesday 29th March due to the Easter holiday break. The market is likely to be either quiet or erratic just before and just after the holiday. My analysis will resume as per normal on Wednesday 30th March.
– Andrew Mitchem
The Forex Trading Coach
Professional Forex Trader and Educator