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A Weak USD$ – Currency Strength and Weakness for Wednesday 7th May 2014

BY , , , , , ,

Today’s recommendation: Currency Strength and Weakness for Wednesday 7th May

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 GBP, AUD, NZD and CAD.

Overall there is weakness in the USD, EUR and CHF.


Trading Directions I am favouring for the next 24 hours


Buy Trades – GBP/USD, GBP/CHF, AUD/USD, AUD/CHF, NZD/USD

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




5th BIRTHDAY PROMOTION:

Forex traders from 48 Countries have joined The Forex Trading Coach course over the last 5 years and to celebrate I am holding a 5 day discounted course promotion. To find out more please click HERE 


– Andrew Mitchem
The Forex Trading Coach
Professional Forex Trader and Educator
The 5th Birthday Offer Is Now Live, 5 Day Only, 5th-9th May