Currency Strength and Weakness for Monday 8th April 2013

Andrew Mitchem

Special Consultant to the FPA
Messages
2,281
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.

VIDEO & iTUNES PODCAST: I have just uploaded a new trading commentary video to my website. In the video I discuss how it may be a good time to consider buying Gold & Silver, plus I talk about a +1.5% account gain last week from trading the H4 charts, the EUR strength and the JPY weakness. Please click on my signature at the bottom of this post to view the video and download your free iTunes Podcast.


Overall there is strength in the EUR, CHF, GBP and minor strength in the NZD.

Overall there is weakness in the JPY and AUD, with minor weakness in the CAD.


Trading Directions I am favouring for the next 24 hours

Buy Trades – GBP/USD, GBP/JPY, GBP/AUD, GBP/CAD, EUR/AUD, EUR/CAD, CHF/JPY, NZD/JPY, USD/JPY

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


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>>

 
Last edited by a moderator:
Top