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Forex Trading Ideas – Currency Strength and Weakness for Friday 31st January 2014

BY , , , , , , , ,

Hi Forex Trader, 

Chapter 4 from my new book “From Dairy Farmer to Forex Trader” has been released. The aim of the book is to short cut your own learning process and to show you how anyone can become a profitable Forex trader if they really want to enough.

Please click here more details.

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, CAD and AUD.

Overall there is weakness in the NZD, EUR, GBP and CHF.

Trading Directions I am favouring for the next 24 hours

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

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

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 help.

Have a fantastic weekend.

Andrew

 


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