Andrew Mitchem
Special Consultant to the FPA
- Messages
- 3,130
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.
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.
There have been some massive weekend gaps which may make trading very difficult today.
Overall there is strength in the EUR, USD, AUD, CHF and NZD
Overall there is weakness in the GBP, CAD and JPY
Today’s Trading Pairs - Likely Strengths and Weaknesses
Buy Trades - EUR/GBP, CHF/JPY, AUD/JPY, NZD/JPY
Sell Trades - CAD/CHF, GBP/AUD, GBP/NZD, GBP/CHF
Happy Trading,
Andrew
- Andrew Mitchem
The Forex Trading Coach
30 minute a day "full time" forex trading?
Learn how I do it>>
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.
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.
There have been some massive weekend gaps which may make trading very difficult today.
Overall there is strength in the EUR, USD, AUD, CHF and NZD
Overall there is weakness in the GBP, CAD and JPY
Today’s Trading Pairs - Likely Strengths and Weaknesses
Buy Trades - EUR/GBP, CHF/JPY, AUD/JPY, NZD/JPY
Sell Trades - CAD/CHF, GBP/AUD, GBP/NZD, GBP/CHF
Happy Trading,
Andrew
- Andrew Mitchem
The Forex Trading Coach
30 minute a day "full time" forex trading?
Learn how I do it>>
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