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.
There is a public holiday in the US today, so be careful when trading USD pairs today. Tomorrow (Friday) we have the release of the US Non-Farm Payroll announcement – which could lead to some quiet trading conditions at times for the remainder of the week.
Overall there is renewed strength in the GBP with minor strength in the JPY, NZD and CAD.
Overall there is weakness in the AUD and USD with minor weakness in the EUR.
Trading Directions I am favouring for the next 24 hours
Buy Trades – GBP/USD, GBP/AUD
Sell Trades – EUR/GBP, AUD/JPY, AUD/NZD, AUD/CAD, AUD/CHF, USD/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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To Your Trading Success.
– Andrew Mitchem
The Forex Trading Coach
Professional Forex Trader and Educator