Need help with your FX trading? – Currency Strength and Weakness for Tuesday 22nd July 2014
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.
Yesterday was an extremely quiet day for almost all currency pairs. This makes trading very difficult as there are very few quality setups. It also makes predicting the likely upcoming days directions very difficult as there is little momentum in the market right now. Today really is a day to trade what you see and to be mostly concentrating on the shortercharts looking for good trading opportunities.
Overall there is very minor strength in the USD.
Overall there is very minor weakness in the AUD and NZD.
Trading Directions I am favouring for the next 24 hours
Buy Trades – NONE
Sell Trades – NONE
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– Andrew Mitchem
The Forex Trading Coach
Professional Forex Trader and Educator