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.
As anticipated yesterday, there was very little movement across most pairs, due to Monday often being a quiet trading day plus the public holiday in the US yesterday.
Overall there is strength in the NZD with minor strength in the AUD.
Overall there is minor weakness in the USD, JPY, EUR and GBP.
Trading Directions I am favouring for the next 24 hours
Buy Trades – NZD/USD, NZD/JPY, AUD/CAD, AUD/JPY
Sell Trades – EUR/NZD, GBP/NZD
VERY IMPORTANT- PLEASE READ: 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.
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– Andrew Mitchem
The Forex Trading Coach
Professional Forex Trader and Educator