Currency Strength and Weakness for Friday 1st August 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 book "From Dairy Farmer to Forex Trader" is now available on Amazon, as the physical book and also as a Kindle download.



The US Non-Farm Employment change news release is announced at 8:30am EST on Friday. Be careful with any open trades around that time.

Overall there is strength in the USD, JPY and NZD

Overall there is weakness in the AUD and GBP


Trading Directions I am favouring for the next 24 hours


Buy Trades – NONE

Sell Trades - AUD/USD, AUD/JPY, AUD/NZD, GBP/USD, GBP/NZD



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 help.



AMAZING FREE TRADING TOOL: Download your own FREE copy of my MT4 trading tool which will help you trade with low risk per trade, remove much of the emotion involved with taking trades and take away the focus on making "Pips".

Download your FREE copy now by clicking on the link in my signature below.


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>>

 

[ahmer]

Thanks.

I took AUD/NZD short trade yesterday. Screenshot

 

[parsifal23]

Thanks.

I took AUD/NZD short trade yesterday. Screenshot[/URL

Hi ahmer, I took the same tade : entered short at 1.1035, SL : 1.1060, 1. TP-Target: 1.0845, 2. TP- : 1.0640 Made already some nice pips (150) on the way up
Looks like an excellent RR !

 

[Andrew Mitchem]

Thanks.

I took AUD/NZD short trade yesterday. Screenshot[/URL

Hi ahmer, I took the same tade : entered short at 1.1035, SL : 1.1060, 1. TP-Target: 1.0845, 2. TP- : 1.0640 Made already some nice pips (150) on the way up
Looks like an excellent RR !
View attachment 16201

Hi guys,

Great to see you made some money on this trade. This was one of the trades I mentioned to my clients yesterday with exact entry and exit levels given. We had a great R:R also.

Have a good weekend and I look forward to bringing you more trades next week.

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

 

[Brett Reynolds]

CHF Strength today Andrew!? Did you know...or just Skip it..!!?

 

[ahmer]

CHF Strength today Andrew!? Did you know...or just Skip it..!!?

There is a bank holiday for CHF today. CHF start picking strength after Andrew Posted his Analysis. Bad NFP data for USD was also a cause for CHF strength today.