Time for the Kiwi and Aussie to fall further? – Currency Strength and Weakness for Wednesday 12th August 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.

Overall there is strength in the EUR, USD and GBP.

Overall there is weakness in the AUD, NZD and CAD.


Trading Directions I am favouring for the next 24 hours

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

Sell Trades – AUD/USD, AUD/JPY, AUD/CHF, NZD/USD, NZD/JPY 

 

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 WEBINARS THIS WEEK FOR NEW FOREX TRADERS – Click here

There are 2 webinar times this week.


Regards
Andrew


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

© 2019 The Forex Trading Coach Ltd (NZ FSPR:FSP37396) provides general information and educational courses and materials only. This is not an offer to buy/sell financial products. We do not provide personal advice nor do we consider the needs, objectives or circumstances of any individual. Financial products are complex and all entail risk of loss. Over-the-counter derivative and foreign exchange products are considered speculative because they are highly leveraged and carry risk of loss beyond your initial investment, hence should only be traded with capital you can afford to lose. Please ensure you obtain professional advice to ensure trading or investing in any financial products is suitable for your circumstances, and ensure you obtain, read and understand any applicable offer document.

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