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.
Today we have the release of the US Non-Farm Payroll announcement so be careful with any open trades around that time.
Overall there is strength in the NZD, JPY, CAD, USD and AUD.
Overall there is weakness in the GBP, EUR and CHF.
Trading Directions I am favouring for the next 24 hours
Buy Trades – CAD/CHF, AUD/CHF, USD/CHF
Sell Trades – EUR/USD, EUR/NZD, GBP/USD, GBP/JPY, GBP/AUD, GBP/NZD, CHF/JPY
VERY IMPORTANT: 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
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Have a great weekend.
– Andrew Mitchem
The Forex Trading Coach
Professional Forex Trader and Educator