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Currency Strength and Weakness for Tuesday 2nd July 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 renewed strength in the AUD and NZD while the EUR and CAD also have mild strength.

Overall there is weakness in the JPY, GBP and USD with mild weakness in the CHF.

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 – EUR/USD, EUR/JPY, AUD/USD, AUD/JPY, NZD/USD, NZD/JPY, CAD/JPY 

Sell Trades – GBP/AUD, GBP/NZD, GBP/CAD 

To Your Trading Success.
Andrew

 


– Andrew Mitchem
The Forex Trading Coach
Professional Forex Trader and Educator