Currency Strength and Weakness for Thursday 13th June 2013

Andrew Mitchem

Special Consultant to the FPA
Messages
3,144
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.

FREE TRADING TOOL: Download your own FREE copy of my MT4 trading tool which will help you trade with low risk per trade, remove much of the emotion involved with taking trades and take away the focus on making "Pips".
Find out more by clicking on my signature at the bottom of this post.

A very difficult day to read the charts today with so much indecision in the market right now.

Overall there is minor strength in the CHF while the NZD was showing some strength prior to the RBNZ statement.

Overall there is minor weakness in the USD and CAD.

Trading Directions I am favouring for the next 24 hours

VERY IMPORTANT: These are not specific trades. Do not blindly place trades in the directions given below. Use your own trading strategy and look at taking setups that occur in the same direction as my daily analysis. If you don't have your own trading strategy then email me

Buy Trades – EUR/CAD, USD/CAD, AUD/CAD

Sell Trades – CAD/CHF, USD/CHF

To Your Trading Success.
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:
Thank you!! what about Eur/Usd?

Hi John,
I took full profit from a Buy EUR/USD trade from Wednesday and I made profit on a H1 chart trade selling the EUR/USD (which was taken live on my client trading room webinar) but apart from that I havn't see many good setups on the EUR/USD over the past few days. The EUR in general is looking mixed at present, strong against the USD but showing weakness against the NZD and AUD.


- Andrew Mitchem
The Forex Trading Coach
30 minute a day "full time" forex trading?

Learn how I do it>>

 
Last edited by a moderator:
Back
Top