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.
Today we have the US Non-Farm Employment Change data out and as that is one of the most important news events of the month, I would look to close out of any shorter time frame chart trades before that announcement.
Overall there is strength in the USD with the JPY and CAD also showing minor strength.
Overall the weakness remains in the NZD, CHF and EUR.
Trading Directions I am favouring for the next 24 hours
Buy Trades – USD/CHF, CAD/CHF
Sell Trades – EUR/USD, EUR/JPY, CHF/JPY
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.
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Have a fantastic weekend.
– Andrew Mitchem
The Forex Trading Coach
Professional Forex Trader and Educator