More weakness for the Aussie, with the Kiwi also showing weakness – Currency Strength and Weakness for Thursday 18th August 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 minor strength in the CAD, EUR, USD and JPY
Overall there is weakness in the AUD and NZD
Trading Directions I am favouring for the next 24 hours
Buy Trades – EUR/NZD, EUR/AUD
Sell Trades – NZD/JPY, NZD/CAD, AUD/JPY, AUD/CAD
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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