Currency Strength and Weakness for Friday 16th April 2014

Andrew Mitchem

Special Consultant to the FPA
Messages
3,145
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.

** For the next 24 hour only you can download a free copy of my new book "From Dairy Farmer to Forex Trader" on Amazon's Kindle store. Click here to visit the download page
Please feel free to leave a review about the book on Amazon.


My suggestions are posted by 6pm EST each day.


Overall there is strength in the JPY and GBP.

Overall there is weakness in the AUD, NZD and CHF.


Trading Directions I am favouring for the next 24 hours


Buy Trades – None

Sell Trades - EUR/JPY, CHF/JPY, AUD/JPY, NZD/JPY, XAG/USD


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.


Here's something to help you trade with low risk:
AMAZING FREE TRADING TOOL: Download your own FREE copy of my MT4 trading tool which will help you trade with low risk per trade, remove much of the emotion involved with taking trades and take away the focus on making "Pips".

Download your FREE copy now by clicking on the link in my signature below.


Have a fantastic weekend.

Andrew


- Andrew Mitchem
The Forex Trading Coach
30 minute a day "full time" forex trading?

Learn how I do it>>

 
Last edited by a moderator:
Thanks Andrew.

As a new trader, why do you not have a buy GBP/AUD or GBP/NZD given the strength in GBP and weakness in AUD&NZD

Thanks
 
Thanks Andrew.

As a new trader, why do you not have a buy GBP/AUD or GBP/NZD given the strength in GBP and weakness in AUD&NZD

Thanks

Hi,

That's a good point, probably a mistake on my behalf as I overlooked those 2 pairs. I hope you found good setups on them as they both moved well on Friday.


- Andrew Mitchem
The Forex Trading Coach
30 minute a day "full time" forex trading?

Learn how I do it>>

 
Last edited by a moderator:
Back
Top