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NZD$ looking strong again on good Employment data – Currency Strength and Weakness for Wednesday 5th November 2014

BY , , , , ,

NZD$ looking strong again on good Employment data – Currency Strength and Weakness for Wednesday 5th November 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. 

Overall there is strength in the NZD, CHF and AUD.

Overall there is weakness in the CAD, USD and GBP.


Trading Directions I am favouring for the next 24 hours

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

Sell Trades – GBP/AUD, GBP/NZD, GBP/CHF, CAD/CHF, 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 some suggestions


FREE FOREX WEBINARS THIS WEEK FOR NEW FOREX TRADERS – Click here

There are 2 webinar times this week.


Regards
Andrew


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