Currency Strength and Weakness for Friday 17th January 2014

[Andrew Mitchem]

Hi Forex Trader,

I have just launched my new book "From Dairy Farmer to Forex Trader" where I share my Forex journey. The aim of the book is to short cut your own learning process and to show you how anyone can become a profitable Forex trader if they really want to enough. Please click on my signature at the bottom of this post for more details.


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, NZD and JPY.

Overall there is weakness in the AUD with minor weakness in the GBP.



Trading Directions I am favouring for the next 24 hours


Buy Trades - EUR/AUD

Sell Trades - GBP/JPY, GBP/NZD, GBP/CHF, AUD/USD, AUD/JPY, AUD/NZD, AUD/CAD, AUD/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.



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>>

 

[danny B]

Thanks Andrew for your insight. You are a real asset here

 

[Andrew Mitchem]

Thanks Andrew for your insight. You are a real asset here

Hi Danny B,

Thank you, I appreciate your comments.

Have a great weekend.

Andrew

---

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

 

[Red Herring]

Congratulations for your new book Andrew. So you were a Dairy Farmer? Hmmm.....

 

[Andrew Mitchem]

Congratulations for your new book Andrew. So you were a Dairy Farmer? Hmmm.....

Hi Red Herring,

Thank you and yes I did use to be a dairy farmer but that all ended 10+ years ago and I've been trading Forex ever since.

---

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

 

[Munetz]

Hi Andrew.. can it still be use for tmorrow?

 

[Andrew Mitchem]

Hi Andrew.. can it still be use for tmorrow?

Hi Munetz,

Please see Monday 20th January's post for the latest information. Friday's post information should only be used for trading on Friday. The information is valid for 24 hours from when I post it here.

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