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Currency Strength and Weakness for Thursday 2nd May 2013

BY , , , ,

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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Overall there is minor strength in the EUR, CHF, USD and GBP.

Overall there is weakness in the AUD and NZD.

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/AUD, EUR/NZD, GBP/AUD, GBP/NZD 

Sell Trades – AUD/USD, AUD/JPY, AUD/CHF

To Your Trading Success.
Andrew Mitchem

The Forex Trading Coach