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“Huge USD$ weakness following the Fed Interest Rate Announcement” – Currency Strength and Weakness for Thursday 17th March 2016

“Huge USD$ weakness following the Fed Interest Rate Announcement” – Currency Strength and Weakness for Thursday 17th March 2016

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.

 

Overall there is strength in the CAD and NZD, with minor strength in the CHF, AUD and EUR.

Overall there is weakness in the USD, with minor weakness in the GBP and JPY.




Trading Directions I am favouring for the next 24 hours

Buy Trades – EUR/USD, AUD/USD, NZD/USD, CAD/JPY

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



VERY IMPORTANT: These are not specific trades. Do not blindly place trades in the directions given above. 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..



AMAZING FREE TRADING TOOL – Click here Download your own FREE copy of my MT4 trading tool which will help you trade with low risk per trade, remove much of the emotion involved with taking trades and take away the focus on making “Pips”.



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Andrew


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