The US Dollar Strength continues after the rate rise yesterday – Currency Strength and Weakness for Friday 16th December 2016
**PLEASE NOTE THAT TODAY WILL BE MY LAST DAY OF TRADING FOR THE YEAR**
Today will be my last Currency Strength and Weakness Analysis for the year. My posts will resume on Monday 9th January 2017. Have a fantastic Christmas and an exciting New Year.
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.
Overall there is strength in the USD and CAD
Overall there is weakness in the GBP, EUR, JPY, NZD and CHF
Trading Directions I am favouring for the next 24 hours
Buy Trades – USD/JPY, CAD/CHF
Sell Trades – EUR/USD, EUR/CAD, GBP/USD, GBP/CAD, NZD/USD, NZD/CAD
Disclaimer: My clients have full access to my trading strategy, including specific 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.
A free copy of my Forex journey “From Dairy Farmer to Forex Trader” is available on video, mp3 or PDF file by clicking here
Have a fantastic weekend,
– Andrew Mitchem
The Forex Trading Coach
Professional Forex Trader and Educator