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Currency Strength and Weakness for Wednesday 3rd 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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Another really quiet day yesterday which is making longer term trading decisions difficult once again. Let's hope the market snaps out of these conditions soon.

Overall there is strength in the USD and GBP.

Overall there is weakness in the JPY, AUD, EUR 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 here

Buy Trades – GBP/JPY, USD/JPY, USD/CHF

Sell Trades – EUR/USD, AUD/USD, NZD/USD

To Your Trading Success.
Andrew

 


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