Currency Strength and Weakness for Thursday 16th October 2014

[Andrew Mitchem]

Hi Forex Trader,

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.

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

Overall there is weakness in the GBP, USD and CAD.


Trading Directions I am favouring for the next 24 hours


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

Sell Trades – USD/CHF, GBP/AUD, GBP/CHF


VERY IMPORTANT: These are not specific trades. Do not blindly place trades in the directions given above. 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 here for help.



AMAZING FREE TRADING CALCULATOR: 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".

Download your FREE copy now by clicking on the link in my signature below.


Andrew

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- Andrew Mitchem
The Forex Trading Coach
30 minute a day "full time" forex trading?
Learn how I do it>>

 

[dchdream]

Thank you!

I am now trading in a simulated account. I feel comfortable with my setups, but I am not familier with Forex the way I was with trading eminis and crude oil. As a result of your directional bias. I had some nice wins this morning on aud/usd and gbp/chf. Thank you!

 

[Andrew Mitchem]

I am now trading in a simulated account. I feel comfortable with my setups, but I am not familier with Forex the way I was with trading eminis and crude oil. As a result of your directional bias. I had some nice wins this morning on aud/usd and gbp/chf. Thank you!

Hi dchdream,

Thank you. It's good to know you had some good trades yesterday.

My best suggestion is to join one of my free webinars next week for newbie FX traders. Click on the signature blow for details.

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- Andrew Mitchem
The Forex Trading Coach
30 minute a day "full time" forex trading?
Learn how I do it>>