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Currency Strength and Weakness for Friday 19th April 2013

Discussion in 'Andrew Mitchem- Daily Strengths and Weaknesses' started by Andrew Mitchem, Apr 18, 2013.

  1. Andrew Mitchem

    Andrew Mitchem Special Consultant to the FPA

    Sep 27, 2012
    Likes Received:
    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 Mitchem
    The Forex Trading Coach
    Professional Forex Trader and Educator

    Try my Free Trading Calculator>>

  2. Gabriel Shepperd

    Dec 20, 2012
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    Thanks Andrew for the update and the calculator!

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