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Are you new to Forex? – Currency Strength and Weakness for Wednesday 5th February 2014

BY , , , , , ,

Hi Forex Trader,

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 NZD and AUD.

Overall there is weakness in the JPY with minor weakness against certain currencies in the GBP, EUR, USD and CHF.

Trading Directions I am favouring for the next 24 hours

Buy Trades – AUD/USD, AUD/JPY, AUD/CHF, NZD/USD, NZD/JPY

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

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

FREE FOREX WEBINARS THIS WEEK FOR NEW FOREX TRADERS; click here for more details.

Regards
Andrew