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 a quiet trading day.
Overall there is strength in AUD.
Overall there is weakness in the CAD and USD with minor weakness in the EUR.
Trading Directions I am favouring for the next 24 hours
Buy Trades – AUD/USD, AUD/CAD
Sell Trades – EUR/AUD
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