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Currency Strength and Weakness for Friday 7th March 2014

Discussion in 'Andrew Mitchem- Daily Strengths and Weaknesses' started by Andrew Mitchem, Mar 6, 2014.

  1. Andrew Mitchem

    Andrew Mitchem Special Consultant to the FPA

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    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.


    Don’t forget that today we see the US Non-Farm Employment Change release.

    The clocks change in the US this weekend so my daily posts will appear 1 hour earlier from next week onwards for all of you living outside of the US.


    Overall there is strength in the NZD, AUD, EUR and CHF.

    Overall there is weakness in the JPY, USD and GBP.

    Trading Directions I am favouring for the next 24 hours


    Buy Trades - EUR/USD, EUR/JPY, EUR/GBP, EUR/CAD, CHF/JPY, AUD/USD, AUD/JPY, NZD/USD, NZD/JPY, XAG/USD

    Sell Trades - GBP/AUD, GBP/NZD, GBP/CHF, USD/CHF


    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.


    Here's something to help you trade with low risk:
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    Have a fantastic weekend.

    Andrew


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

    Try my Free Trading Calculator>>

     
  2. Red Herring

    Red Herring Corporal

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    I have bought AUDUSD yesterday and expecting it to reach 0.92 mark.
     
  3. RahmanSL

    RahmanSL Major

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    If NFP comes in better than general consensus at over 150k, that would dampen AUD advances;don't you think so??:p
     

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