Currency Strength and Weakness for Monday 29th April 2013

Andrew Mitchem

Special Consultant to the FPA
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.

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There is a public holiday in Japan today, so be cautious if trading the JPY pairs today.

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

Overall there is weakness in the USD, NZD and AUD.

Trading Directions I am favouring for the next 24 hours

Buy Trades – None


There is a public holiday in Japan today, so be cautious if trading the JPY pairs today.

To a Profitable Trading Week for You.

- Andrew Mitchem
The Forex Trading Coach
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