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Trading after the US Non-Farm Payrolls – Currency Strength and Weakness for Wednesday 23rd October 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 EUR, CHF and NZD.

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

Trading Directions I am favouring for the next 24 hours

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

Sell Trades – CAD/CHF, 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 Webinar for Frustrated Forex Traders:
I am holding a live webinar designed especially for you if you have been trading for 6 months or more and you’re not making consistent profit from your trading and you’d like to turn that around. The webinar is today Wednesday 23rd October during the European trading session. There are just 8 places left and you can register to attend by clicking here.

To Your Trading Success.
Andrew

 


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