Andrew Mitchem
Special Consultant to the FPA
- Messages
- 3,150
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>>
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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