Currency Strength and Weakness for Tuesday 20th August 2013

Andrew Mitchem

Special Consultant to the FPA
Messages
3,144
Hi Traders,

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, CHF and JPY. The USD and EUR are showing some minor strength.

Overall there is weakness in the AUD and NZD

Trading Directions I am favouring for the next 24 hours

Buy Trades - EUR/AUD, GBP/NZD, GBP/AUD

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

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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Register now by clicking on my signature at the bottom of this post and select the "Attend my Free Training Webinar" link on the left side of the page.



To Your Trading Success.
Andrew


- Andrew Mitchem
The Forex Trading Coach
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