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Forex Calculator – Currency Strength and Weakness for Thursday 22nd August 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. 

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

Overall there is weakness remains in the NZD, AUD, CAD and CHF.

Trading Directions I am favouring for the next 24 hours

Buy Trades – EUR/AUD, EUR/NZD, GBP/AUD, GBP/CAD, GBP/CHF, USD/CAD

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

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 for some suggestions

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To Your Trading Success.
Andrew

 


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