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Profitable Forex Trading Signals – Currency Strength and Weakness for Thursday 8th August 2013

BY , , , , ,

Hi Traders, 

Thank you for your great feedback and comments. It seems like there were some excellent profits made from yesterday’s suggestions. I’m pleased my posts are helping so many people make money from their trading.

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 GBP, JPY and NZD.

Overall there is weakness in the USD, CAD, AUD (and the EUR against some currencies).

Trading Directions I am favouring for the next 24 hours

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

Sell Trades – EUR/JPY, EUR/GBP, CAD/JPY, CAD/CHF, CHF/JPY, AUD/JPY, 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 for some suggestions

Here’s something to help you trade with low risk:
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To Your Trading Success.
Andrew

 


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