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Trading the Forex Market – Currency Strength and Weakness for Wednesday 28th August 2013

BY , , , , , , , , ,

Hi Traders,

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 JPY, CHF, CAD and EUR.

Overall there is weakness AUD, NZD, GBP and USD.

Trading Directions I am favouring for the next 24 hours

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

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

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 help

FREE TRADING WEBINARS:
I’ve received some great feedback from people who have attended my Forex traders webinar. If you have not yet attended one of these webinars and you are new to trading and would like some useful trading tips then this webinar is perfect for you. Learn some great trading tips from a Professional Forex trader.
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To Your Trading Success.
Andrew

 


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