USD and CAD Strength – Currency Strength and Weakness for Thursday 18th December 2014
Hi Forex Trader,
Please note: Today’s trades, Thursday 18th December will be my last daily trade analysis for the year. My analysis will begin commence again on Monday 12th January 2015.
I’d like to wish you and your family a very safe and happy Christmas and New Year and I look forward to trading with you in 2015.
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 USD and CAD.
Overall there is weakness in the JPY, EUR, CHF, AUD and NZD.
Trading Directions I am favouring for the next 24 hours
Buy Trades – USD/JPY, USD/CHF, CAD/JPY, CAD/CHF
Sell Trades – EUR/USD, EUR/CAD, GBP/USD, GBP/CAD, AUD/USD, AUD/CAD, NZD/USD, NZD/CAD
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
– Andrew Mitchem
The Forex Trading Coach
Professional Forex Trader and Educator