Currency Strength and Weakness for Friday 19th April 2013

Andrew Mitchem

Special Consultant to the FPA
Messages
2,051
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.

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A very quiet day yesterday with most pairs forming small candles or indecision candles which makes selecting any pairs to trade today on the D1 charts or any major strengths and weaknesses very hard. It’s definitely a day to be concentrating on the shorter time frame charts for opportunities or shut your charts down for the weekend a day early.

Overall there is minor strength in the GBP and EUR.

Overall there is minor weakness in the NZD.


Trading Directions I am favouring for the next 24 hours

VERY IMPORTANT NOTE: 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

Buy Trades – GBP/NZD, EUR/NZD

Sell Trades – None


To Your Trading Success and have a fantastic weekend.
Andrew


- Andrew Mitchem
The Forex Trading Coach
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