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Weakness in the Pound, the Aussie and the Kiwi – Currency Strength and Weakness for Tuesday 28th June 2016

Weakness in the Pound, the Aussie and the Kiwi – Currency Strength and Weakness for Tuesday 28th June 2016

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 USD with minor strength in the CAD and EUR

Overall there is weakness in the GBP, NZD and AUD   

 

Disclaimer: My clients have full access to my trading strategy, including specific trades each day that include the exact entry, stop loss and profit targets.
Use your own trading strategy and look to take trades that setup in the same direction as my daily analysis. If you don’t have a trading strategy, just CLICK HERE and I’ll send you some information to help you out.


Buy Trades – EUR/GBP, EUR/AUD

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

 


FREE TRADING WEBINARS FOR FRUSTRATED TRADERS

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Have you been trading for 6-12 months or more and you're feeling like you're not achieving the kind of profits you should be?

If the answer to either question is “yes” then this webinar is perfect for you. There are 2 webinar times this week.

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To Your Trading Success.
Andrew


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

More Australian Dollar weakness – Currency Strength and Weakness for Wednesday 10th December 2014

More Australian Dollar weakness – Currency Strength and Weakness for Wednesday 10th December 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 minor strength in the EUR and CHF.

Overall there is minor weakness in the AUD, USD and GBP.


Trading Directions I am favouring for the next 24 hours

Buy Trades – EUR/AUD, XAU/USD, XAG/USD

Sell Trades – AUD/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


REGISTER YOUR INTEREST FOR MY CHRISTMAS SPECIAL OFFER – Click here to register




Regards
Andrew


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

8 Forex pairs to trade today – Currency Strength and Weakness for Wednesday 19th November 2014

8 Forex pairs to trade today – Currency Strength and Weakness for Wednesday 19th 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 EUR and CHF.

Overall there is weakness in the GBP, USD, JPY and NZD.


Trading Directions I am favouring for the next 24 hours

Buy Trades – EUR/JPY, EUR/GBP, EUR/AUD, EUR/NZD , CHF/JPY

Sell Trades – GBP/CHF, AUD/CHF, NZD/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 WEBINAR THIS WEEK FOR NEW FOREX TRADERS – Click here to register




Regards
Andrew


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

GBP and JPY weakness – Currency Strength and Weakness for Monday 17th November 2014

GBP and JPY weakness – Currency Strength and Weakness for Monday 17th 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 minor strength in the CAD, CHF, EUR and NZD.

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




Trading Directions I am favouring for the next 24 hours

IMPORTANT: Just to let you know that Monday's trade analysis, when the market opens at the beginning of the new week (Sunday if you are in the US/Europe) are usually the hardest to pick and if you wanted a day off trading, that would generally be the day to choose. The reason being; I am looking at the previous week's prices and the new open prices for the week when making my analysis on a Monday and of course many things can happen between the close of the market one week and the opening of the market the next week and the market sentiment can often change. Just bear this in mind each Monday (Sunday US time)

Buy Trades – EUR/JPY, EUR/GBP, CHF/JPY, AUD/JPY, NZD/JPY

Sell Trades – GBP/CAD, GBP/CHF, USD/CAD, 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 help.



WEEKLY FOREX TRADING VIDEO and iTUNES PODCAST

In this week's video I talk about:

“The Benefits of Trading Longer Time Frame Charts”




Have a great week ahead.
Andrew Mitchem


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

Big Moves, Big Trends and Better Trading Conditions

Podcast:
Play

Big Moves, Big Trends and Better Trading Conditions

In this video:
00:40    Big moves on the USD/JPY
02:10     The importance of trading what you see and not what you think
04:19     The safest way to trade during Non Farm Payroll

We’ve seen some big moves in the Forex Market this week. Have you made money from those big moves?

Let’s talk about that right now.

Hi Forex traders it’s Andrew Mitchem here and I’m the owner of the Forex Trading Coach and there have been some huge moves on many of the Forex pairs this week.

I want to ask you a very simple question:

Have you benefited from that?

Have you profited?

Have you made money this week from those big moves?

Because over the last couple of years we’ve seen some fairly average and ordinary, difficult trading conditions when the market has been quite flat and it’s been up one day and it’s been down and up and down. It’s been quite difficult. But this last couple of weeks, we’ve seen some huge moves on many of the pairs especially the U.S. and also the Japanese Yen so question again:

Have you profited from that?

Because  the setups have been there,  there have been big moves, big trends and it’s been relatively; I don’t like to use the word “easy” but it’s been a lot better trading conditions for trading and making good profits when you get those big runs, it’s been across all time frames.  So let’s talk about a few of those because the issue that people have; I’ll give you a classic example.

I was talking to a client of mine who lives in the U.S. this morning and he was saying, “Hey Andrew with this USD/JPY, you know you get to stay, “Do you think, can’t it get any further?” “No surely it can’t go further”. And the problem is then your mind set to start to take over and people over complicate things. They way that I like to trade is I see what’s happening on the chart and make a decision from there.

When the U.S. /Yen got up to 110.00 a lot of people are saying, “Well I can’t go any further.” You know it’s a big strong psychological resistance area. Big barrier 110, it’s not going further, it’s going to come back surely. And it hasn’t, it just continued to go through 111, 112, 113, 114. The next big barrier is 115 and right now as I’m recording this it’s around about 115.00 just to touch over.

The Importance Of Trading What You See

It could pull back today slightly but the 115 you know is not the end of the run? The charts will tell us that but it’s really important to then trade what you see on the charts not what you think and you don’t need to over complicate your trading. The charts say that the bullish run is lightly to continue. Look for buy trades on the U.S. /Yen on the daily charts or any other time frame charts that you wish.

Now , I’ve been calling buy trades for my clients for the last two weeks on the weekly charts because of the strong bullish nature of the U.S. /Yen. I’ve also on many of the days over the last couple of weeks been calling for not only the U.S. /Yen pair to look for buy trades but all round I’ve been looking for predominant strength in the U.S. Dollar (USD) and weakness in the Japanese Yen (JPY). The Yen and the U.S. have been at the strong and the weak pairs against a lot of other currencies as well. So it’s been plenty of really good opportunities there anything short against the U.S. with the U.S. strength and anything buying against the Yen with the Japanese Yen (JPY) weakness.

As I’ve said I’ve been calling those to my clients and also freely available in a slightly reduced form but freely available on my website on the News Tab and also on Forex Peace Army, Facebook, etc. like that.

Also the Gold and Silver has been affected a lot as well because the U.S. /Yen is now at a level not seen since 2007, Gold has a level not seen since 2010 and Silver is now at a lower not seen since 2009. So again when you see those pairs moving up or down whichever way they’re moving and you just think, “Well surely I can’t go any further but you know it can.”  When you get on a big strong trend light this definitely an opportunity to ride that out and profit greatly from that because not all the time is the market quite as straight forward and quite as strong trending as it has been.

The Safest Way To Trade

So lastly, today is the U.S. Non Farm Payroll being the first Friday of the month so my advice there is just to make sure that you either manage your positions or close all your positions towards that news announcement. That’s probably the safest way to trade there. If you’re on longer time frame charts such as weekly or monthly charts, well probability is you can ride that through that high impact news announcement but anything shorter time frame that is best to either close that part of the position, maybe lock in some profit, move stop loss slightly or just close the position all together and call it quits for the end of the week.

So that’s it. Hope that you have a fantastic weekend.

If you do have any questions and topics that you’d like me to talk about on future videos and future podcasts like this just drop me a line, [email protected]. Wish you well with your trading and I’ll catch you next week.

Bye for now.