Currency Strength and Weakness for Friday 14th 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 CHF, EUR, NZD and GBP.

Overall there is weakness in the AUD and USD.



Trading Directions I am favouring for the next 24 hours


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

Sell Trades - AUD/NZD, AUD/CHF, CAD/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.


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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?
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[Andrew Mitchem]

Hello Andrew,
Your suggestions yesterday were bang on. (as they usually are) Made a 6.7% return on my account, the best yet. Thanks!

Hi IceHyena,

Thank you for your comment yesterday. That's great trading results for one day's trading. More than most banks will pay you in 2 years!

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

 

[Andrew Mitchem]

thanks for your currency Strenth and Weakness strategy.
its working great.. can you teach us little bit how you take analysis, and which indicators are you use to do this.
thanks & regards
Hunter[/QUOTE]

Hi, The best thing would be to attend one of my free webinars that I hold each week.

My clients get tuition on how to analyse the charts to select the strengths and weaknesses so I cannot place that same information here for obvious reasons.

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

 

[Bernhard33]

Hi Bernhard,

The time I post this is based on New York time not New Zealand time. The "anticipated" directions are valid from 5pm EST (New York) to 5pm EST the next day - so for 24 hours.

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

yes but for a day trader to start from 5pm EST is too late. We don't like hold trades over night. For me it is even worst 10pm GMT. So i cant use an alert for a day trading which is 12h old. The time you post your alert is good for Asian traders only.

 

[Andrew Mitchem]

yes but for a day trader to start from 5pm EST is too late. We don't like hold trades over night. For me it is even worst 10pm GMT. So i cant use an alert for a day trading which is 12h old. The time you post your alert is good for Asian traders only.

Hi Bernhard,

Not at all. It's Friday night at 11:40pm here in New Zealand and it's well into the European session and the information is still completely valid. As I state each day, it remains valid for 24 hours - so for today until the close of the market this week which is 5pm EST.

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