Currency Strength and Weakness for Friday 31st July 2015

[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.



Overall there is strength in the USD, GBP and AUD.

Overall there is weakness in the NZD, EUR and CAD.


Trading Directions I am favouring for the next 24 hours


Buy Trades – GBP/NZD, AUD/NZD

Sell Trades – EUR/USD, EUR/GBP, EUR/AUD, EUR/CHF, NZD/USD, NZD/JPY, NZD/CHF



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.


A free copy of my Forex journey "From Dairy Farmer to Forex Trader" is available on video, mp3 or PDF file by clicking on my signature below.

The book has a 4 star rating on Amazon - see here


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>>

 

[Scottlouie]

Now and again you will suggest a XAUUSD or XAGUSD trade but you never say if Gold or Silver is strong or week - what are you basing those recommendations on?

 

[Andrew Mitchem]

Now and again you will suggest a XAUUSD or XAGUSD trade but you never say if Gold or Silver is strong or week - what are you basing those recommendations on?

Hi,

All of my recommendations are based on what I see happening on the charts.

If I mention that XAU/USD is weak, that means I am favouring looking for Sell trade setups on any time frame chart for XAU/USD for that day.

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

 

[Scottlouie]

Respectfully, you have never said Gold/Silver is weak or strong which is why I was wondering. You only refer to the eight currencies for strength and weakness so is at case of what the USD is doing Gold/Silver does the opposite.