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Public holidays cause a quiet market – Currency Strength and Weakness for Tuesday 26th May 2015

Public holidays cause a quiet market – Currency Strength and Weakness for Tuesday 26th May 2015

Hi Forex Trader,

With the multiple public holiday’s around the world yesterday in some of the main markets, it’s hardly surprising to see such small movements across almost all currency pairs yesterday. This makes reading the charts a difficult task for today. I am waiting for some good price action to return first, concentrating on the shorter time frame charts today looking for good trading opportunities.

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 minor strength in USD.

Overall there is minor weakness in the EUR and CAD.

 

Trading Directions I am favouring for the next 24 hours

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 help..


Buy Trades – NONE

Sell Trades – NONE

 


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