Hi Traders,
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.
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A very difficult day to read the charts today with so much indecision in the market right now.
Overall there is minor strength in the CHF while the NZD was showing some strength prior to the RBNZ statement.
Overall there is minor weakness in the USD and CAD.
Trading Directions I am favouring for the next 24 hours
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
Buy Trades – EUR/CAD, USD/CAD, AUD/CAD
Sell Trades – CAD/CHF, USD/CHF
To Your Trading Success.
Andrew Mitchem