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Time for the AUD$ to reverse? Currency Strength and Weakness for Wednesday 16th April 2014

BY , , , , , , ,

Hi Forex Trader,

Please note: I will not be posting my trade analysis on Thursday 17th April, Friday 18th, Monday 21st and Tuesday 22nd April due to the Easter break. Both the day before and the day after the holiday are likely to be quiet trading days.

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 GBP and USD

Overall there is minor weakness in the AUD and NZD.

Trading Directions I am favouring for the next 24 hours

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

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

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

FREE FOREX WEBINARS THIS WEEK FOR NEW FOREX TRADERS; click here for more details. There are 2 webinar times this week.

Regards
Andrew

 


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