Currency Strength and Weakness for Friday 21st February 2014

[Andrew Mitchem]

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 NZD.

Overall there is minor weakness in the CAD, EUR, CHF and GBP.



Trading Directions I am favouring for the next 24 hours


Buy Trades - NZD/USD, NZD/CAD, NZD/CHF, XAU/USD

Sell Trades - EUR/NZD, GBP/NZD


VERY IMPORTANT: 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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Have a fantastic weekend.

Andrew

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- Andrew Mitchem
The Forex Trading Coach
30 minute a day "full time" forex trading?
Learn how I do it>>

 

[IceHyena]

Hi Andrew,
Looking good as always! What about the AUD it seems to have some strength are you expecting a change there?

 

[Andrew Mitchem]

Hi Andrew,
Looking good as always! What about the AUD it seems to have some strength are you expecting a change there?

Hi IceHyena,

I'm staying away from the Aussie today as it seems a bit mixed. There's probably a bit of strength against the CAD or GBP but it would need to be a strong pattern to justify a position.

Have a great weekend.

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- Andrew Mitchem
The Forex Trading Coach
30 minute a day "full time" forex trading?
Learn how I do it>>