Currency Strength and Weakness for Thursday 22nd January 2015

[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 JPY, EUR, and CHF with minor strength in the USD and GBP

Overall there is weakness in the CAD, NZD and AUD.


Trading Directions I am favouring for the next 24 hours


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 here for help.



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

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




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". Click on the link in my signature below to get your copy.

View more details by clicking on my signature at the bottom of this post.



To Your Trading Success.
Andrew

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

 

[piggywiggy]

Am I the only one who bought the Euro against the Aussie?

 

[Andrew Mitchem]

Am I the only one who bought the Euro against the Aussie?

No you are not. I also took a trade on the EUR/AUD 15 minute chart in front of my clients yesterday on one of my live trading room webinars.

You can see the trade here - click here

I closed the trade early due to a reversal candle and the upcoming EUR news but it still made good profit.

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

 

[piggywiggy]

You made 6 pips!

Pray tell, where was the buy signal or the reversal signal? My little pea brain can't discern.