Currency Strength and Weakness for Friday 8th 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.



Overall there is strength in the USD and JPY

Overall there is weakness in the AUD


Trading Directions I am favouring for the next 24 hours


Buy Trades – NONE

Sell Trades - AUD/USD, AUD/JPY, AUD/CAD



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?
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[ahmer]

There is a high impact news announcements for AUD today (RBA Monetary Policy Statement). Be careful trading before / after news. The market can screw up your trade setups or it can it SL.

 

[kasta8584]

There is a high impact news announcements for AUD today (RBA Monetary Policy Statement). Be careful trading before / after news. The market can screw up your trade setups or it can it SL.

Sell Aud Usd target 92000

 

[piggywiggy]

The Aussie pairs all traded the opposite to my analysis but apart from the AUD/CHF I didn't see any Buy setups on any of the other pairs.

The above statement came from your mouth. This business of qualifying your trade suggestions based on whether or not setups occurred is bull crap and you should stop it.