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Currency Strength and Weakness for Monday 4th March 2013

Discussion in 'Andrew Mitchem- Daily Strengths and Weaknesses' started by Andrew Mitchem, Mar 3, 2013.

  1. Andrew Mitchem

    Andrew Mitchem Special Consultant to the FPA

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    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.

    I have just uploaded a new trading commentary video to my website that helps to explain my daily suggestions on this site. Please click HERE to view the video


    Overall there is strength in the CAD, USD and AUD.

    Overall there is weakness in the GBP, CHF and JPY.



    Buy Trades - CAD/JPY, CAD/CHF, AUD/JPY, AUD/CHF, NZD/JPY, USD/JPY, USD/CHF

    Sell Trades - EUR/CAD, GBP/USD, GBP/AUD, GBP/NZD, GBP/CAD


    Happy Trading,
    Andrew


    - Andrew Mitchem
    The Forex Trading Coach
    Professional Forex Trader and Educator

    Learn How To Be Profitable with Forex Trading in the next 90 Days - FREE Webinar>>

     
  2. IgorFX

    IgorFX Recruit

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    Please Andrew, continue posting trades and Videos.
     
  3. Deborah Moon

    Deborah Moon Private, 1st Class

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    Thanks for the video Andrew - awesome trading last week - all your assistance is welcome and valued :)

    Regards,

    Deborah
     

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