Struggling to be profitable? – Currency Strength and Weakness for Tuesday 17th June 2014
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.
Yesterday was a very quiet day for most pairs. Ideally we would like to see some good price action today which will then set up some good trades for the rest of the week.
Overall there is minor strength in the EUR and CHF.
Overall there is minor weakness in the USD.
Trading Directions I am favouring for the next 24 hours
Buy Trades – EUR/USD
Sell Trades – USD/CHF, XAU/USD
VERY IMPORTANT- PLEASE READ: 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 help.
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– Andrew Mitchem
The Forex Trading Coach
Professional Forex Trader and Educator