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More USD$ Strength today – Currency Strength and Weakness for Wednesday 20th August 2014

BY , , , , , ,

More USD$ Strength today – Currency Strength and Weakness for Wednesday 20th August 2014

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 USD.

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


Trading Directions I am favouring for the next 24 hours


Buy Trades – USD/CAD, EUR/GBP, EUR/NZD

Sell Trades – EUR/USD, GBP/USD, GBP/JPY, AUD/USD, 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


Regards
Andrew


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