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.
As mentioned yesterday, the day was likely to be very quiet due to the US holiday. This was certainly the case and there is very little to help predict likely directions for today.
Overall there is mild strength in the CAD and CHF.
Overall there is mild weakness in the GBP, AUD and JPY.
Trading Directions I am favouring for the next 24 hours
Buy Trades – NONE
Sell Trades – GBP/CAD
VERY IMPORTANT- PLEASE READ: 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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– Andrew Mitchem
The Forex Trading Coach
Professional Forex Trader and Educator