Currency Strength and Weakness for Monday 15th April 2013

Andrew Mitchem

Special Consultant to the FPA
Messages
2,281
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.

IMPORTANT: Just to let you know that Monday's trade analysis, when the market opens at the beginning of the new week (Sunday if you are in the US/Europe) are usually the hardest to pick and if you wanted a day off trading, that would generally be the day to choose. The reason being; I am looking at the previous week's prices and the new open prices for the week when making my analysis on a Monday and of course many things can happen between the close of the market one week and the opening of the market the next week and the market sentiment can often change. Just bear this in mind each Monday.

VIDEO & iTUNES PODCAST: I have just uploaded a new trading commentary video to my website. In the video I discuss why you should only be trading Forex using charts that start the new day/week at 5pm EST New York Time. I also discuss how last week my clients made excellent profit from my Daily Trading Suggestions (with exact entry and exit levels given). Personally I made +2.3% from 5 D1 chart trades by using just 0.25% risk per trade. Find out more by clicking on my signature at the bottom of this post.

$400 Course Discount - Find out more on my Home page.


Overall there is strength in the CHF, with some minor strength against certain currencies in the USD and EUR. The JPY showed a lot of strength on Friday but be cautious taking too many JPY long trades at this time.

Overall there is weakness in the GBP, AUD and CAD with the NZD also showing some weakness on Friday.


Trading Directions I am favouring for the next 24 hours

Buy Trades – EUR/GBP, EUR/AUD

Sell Trades – CAD/JPY, GBP/JPY, GBP/CHF, AUD/JPY, AUD/CHF, NZD/JPY


To a Profitable Trading Week for You.
Andrew


- Andrew Mitchem
The Forex Trading Coach
30 minute a day "full time" forex trading?

Learn how I do it>>

 
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TenCent

Recruit
Messages
2
good morning sir, may I ask,what is the URL of your webiste?
I really have tp pay more attention to your words
good work, by the way
 

Andrew Mitchem

Special Consultant to the FPA
Messages
2,281
I think Mr. Mitchem said the link could be found by "clicking on my signature at the bottom of this post."
If you can't find it, here it is directly:
Weekly Video News | Online Forex Trading Course

Hi Catpulp,

Thank you for helping out.

Tencent, as Catpulp has suggested, please click on my signature at the bottom of my posts for my website link.

Andrew


- Andrew Mitchem
The Forex Trading Coach
30 minute a day "full time" forex trading?

Learn how I do it>>

 
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