Currency Strength and Weakness for Wednesday 23rd July 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 USD, AUD, CAD, JPY and GBP.

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


Trading Directions I am favouring for the next 24 hours


Buy Trades – USD/CHF, AUD/NZD, AUD/CHF, GBP/CHF, CAD/CHF

Sell Trades - EUR/USD, EUR/JPY, EUR/GBP, EUR/AUD, EUR/CAD, CHF/JPY


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 some suggestions


FREE FOREX WEBINARS THIS WEEK FOR NEW FOREX TRADERS; click on my signature at the bottom of this post for more details. There are 2 webinar times this week.


Regards
Andrew

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

The crisis in Ukraine sets the tone, dominated activity Monday. The dollar gained against all of its G10 counterparts (even JPY) the USD and has become a safe haven when there is a general risk aversion. The shares fell as bond prices of oil and Treasuries rose gold with a very small variation.