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 is often the case on a Tuesday, there are very few good quality setups due to the lack of clear activity on Monday. Yesterday was one of the quietest day’s we’ve experienced for a long time with many pairs posting a daily move of under half their normal daily range.
Overall there is minor strength in USD, JPY and CAD.
Overall there is minor weakness in the AUD, CHF and GBP.
Trading Directions I am favouring for the next 24 hours
Buy Trades – USD/CHF, CAD/CHF
Sell Trades – GBP/JPY, GBP/CAD
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