Currency Strength and Weakness for Thursday 4th September 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 AUD, CAD and JPY.

Overall there is weakness in the GBP, NZD, EUR and USD.


Trading Directions I am favouring for the next 24 hours


Buy Trades – AUD/USD, AUD/NZD, AUD/CHF

Sell Trades - EUR/AUD, GBP/JPY, GBP/AUD, GBP/CAD


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.



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Andrew

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

Andrew,
Are the currency pairs you suggest for trading specifically relating to expected opportunities in the Asian session? Short term trend reversals appear to often make them invalid in the European session.
Jim

 

[Andrew Mitchem]

Andrew,
Are the currency pairs you suggest for trading specifically relating to expected opportunities in the Asian session? Short term trend reversals appear to often make them invalid in the European session.
Jim

Hi Jim,

My suggestions are valid for 24 hours - 5pm EST to 5pm EST (New York Time).

Any reversal against these directions can often be a good thing as we are then looking for that reversal/retracement to come to an end which will the allow us to trade in the direction of the anticipated direction again.

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