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Currency Strength and Weakness for Thursday 13th February 2014

Discussion in 'Andrew Mitchem- Daily Strengths and Weaknesses' started by Andrew Mitchem, Feb 12, 2014.

  1. hyiper

    hyiper Recruit

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    One can see current position of currencies with currency strength meter.
    Regarding speeches impact,yesterday i see GBP spikes after,BOE's Governor Carney speech.
     
  2. Bernhard33

    Bernhard33 Private, 1st Class

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    yes i do have currency strength meter. but what timeframe is good to use for intraday and does it work. my recent interpretations werent so good. how you do it
     
  3. hyiper

    hyiper Recruit

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    Right now 19:48 GMT, EUR and CHF are strong currencies.
    Today ,till now according to FXCM MT4 EUR gained 405 pips (against all 7 majors) .
    And CHF 350 pips (against all 7).
    Weak currencies are AUD and USD respectively.
    I am thinking for short AUD-CHF.
    Today this pair have not high impact news.
    And daily average up and down pips are 90.
     
  4. Andrew Mitchem

    Andrew Mitchem Special Consultant to the FPA

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    Hi James,

    Thank you but I don;t use any indicators to determine my analysis.


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

    About to Give Up? | From Frustrated to Profitable in the next 60 days - FREE Webinar>>

     
  5. Andrew Mitchem

    Andrew Mitchem Special Consultant to the FPA

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    Hi Bernhard,

    The time I post this is based on New York time not New Zealand time. The "anticipated" directions are valid from 5pm EST (New York) to 5pm EST the next day - so for 24 hours.


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

    My Forex Journey “From Dairy Farmer to Forex Trader” e-Book, Videos, and MP3 Files >>

     

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