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.
The market remains very quiet and without a clear direction. This is possibly the quietest 2 or 3 weeks I’ve ever know in my trading career so just be patient and the market will eventually break out of this rut.
Overall there is some minor strength in the NZD and AUD.
Overall there is weakness in the USD, CHF and JPY.
Trading Directions I am favouring for the next 24 hours
Buy Trades – NZD/JPY, AUD/CHF
Sell Trades – None
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
FREE TRADING WEBINARS:
If you are a more experienced trader, someone who's been trading for 6 to 12 months or more then this webinar is perfect for you.
Register now and select the experienced traders webinar link.
To Your Trading Success.
– Andrew Mitchem
The Forex Trading Coach
Professional Forex Trader and Educator