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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The market is showing few clear signs right now which means there are few good setups, which in turn makes analysing strengths and weaknesses very difficult. It is a day to be concentrating on the shorter time frame charts today – or have a day off!
Overall there is some strength in the GBP, AUD and CHF.
Overall there is weakness in the CAD and USD.
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 here
Buy Trades – GBP/CAD, AUD/CAD
Sell Trades – CAD/CHF
To Your Trading Success.
Andrew Mitchem
