Weakness in the NZD as rates are put on hold – Currency Strength Weakness for Thursday 9th February 2017
Hi Forex Trader, I make my Currency Strength Weakness 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 minor strength in the GBP, AUD, CAD, CHF and JPY
Overall there is weakness in the NZD and USD
Trading Directions I am favouring for the next 24 hours
Buy Trades – GBP/USD, GBP/NZD, AUD/NZD, EUR/NZD
Sell Trades – NZD/JPY, NZD/CHF, NZD/CAD, USD/CHF
Disclaimer: My clients have full access to my trading strategy, including specific Currency Strength, Weakness trades each day that include the exact entry, stop loss and profit targets.
Use your own trading strategy and look to take trades that setup in the same direction as my daily analysis. If you don’t have a trading strategy, just CLICK HERE and I’ll send you some information to help you out.
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– Andrew Mitchem
The Forex Trading Coach Professional Forex Trader and Educator