Currency Strength and Weakness for Monday 25th March 2013

Andrew Mitchem

Special Consultant to the FPA
Messages
2,156
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.

As with this time last week, there have been some weekend gaps (although not as large as last week's gaps) which will make trading those particular pairs very difficult for today.

I have just uploaded a new trading commentary video to my website. In the video I discuss how the Cyprus issue has made trading conditions very difficult and I discuss the importance of not over trading and also when you do trade, ensure your trades have low risk and a high R:R. At the end of the video you can sign up to receive each new weekly video as soon as it is posted. Please click on my signature at the bottom of this post to view the video.


Overall there is strength in the NZD with some minor strength in the GBP and JPY.

Overall there is weakness in the USD and CAD.


Trading Directions I am favouring for the next 24 hours

Buy Trades – GBP/USD, NZD/USD

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


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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hitcola

Private
Messages
9
Thanks very much for your analysis for the strength of the currencies, you are very helpful
 

Joh

Sergeant Major
Messages
976
Andrew you have a video about exhaustive candles but in that you have a spiel re your seminar but i did not see a chart of the exhausitve candles which would have been helpful, have i got the wrong video? or did i goof again? If so pls tell me where i can see those patters, thank you.
 

manolis

Private
Messages
14
hello ANdrew your analysis is always very comprehensive, but any thoughts on the commodities ? mainly gold, gas, oil thanks
 

msaone

Recruit
Messages
1
hello ANdrew your analysis is always very comprehensive, but any thoughts on the commodities ? mainly gold, gas, oil thanks

Dear Mr. Andrew,


I wonder why Jpy against usd is more value while it should be the opposite.

thaks
 

Andrew Mitchem

Special Consultant to the FPA
Messages
2,156
Andrew you have a video about exhaustive candles but in that you have a spiel re your seminar but i did not see a chart of the exhausitve candles which would have been helpful, have i got the wrong video? or did i goof again? If so pls tell me where i can see those patters, thank you.
Hi Joh,
The exhaustion patterns is something I was discussing with my clients on our live 2 hour trading room webinar. It's all part of my coaching course.


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

Learn how I do it>>

 
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Andrew Mitchem

Special Consultant to the FPA
Messages
2,156
hello ANdrew your analysis is always very comprehensive, but any thoughts on the commodities ? mainly gold, gas, oil thanks
Hi Manolis

I look at these on the D1 charts but right now I don't see any good setups.


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

Learn how I do it>>

 
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Andrew Mitchem

Special Consultant to the FPA
Messages
2,156
Dear Mr. Andrew,


I wonder why Jpy against usd is more value while it should be the opposite.

thaks
Hi Msaone

Right now they are both looking weak, so a hard pair to trade this week


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

Learn how I do it>>

 
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