The Euro Climb Continues- Currency Strength and Weakness for Thursday 7th May 2015
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.
There is the General Election in the UK today so be very careful if trading on the GBP between now and the end of the week.
Overall there is strength in the EUR and CHF.
Overall there is weakness in the NZD and USD.
Trading Directions I am favouring for the next 24 hours
Buy Trades – EUR/USD, EUR/AUD, EUR/NZD, EUR/CAD
Sell Trades – NZD/JPY, NZD/CHF, USD/CHF, CAD/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.
Have a great day!
– Andrew Mitchem
The Forex Trading Coach
Professional Forex Trader and Educator