Currency Strength and Weakness for Thursday 6th February 2014

Andrew Mitchem

Special Consultant to the FPA
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Hi Forex Trader,

I have just released the fifth chapter of my new book "From Dairy Farmer to Forex Trader" where I share my Forex journey. The aim of the book is to short cut your own learning process and to show you how anyone can become a profitable Forex trader if they really want to enough.

Chapter 5 "Testing, More Testing and Optimising" is available to view on video, to listen to via an MP3 download or to read via a PDF file.

Please click on my signature at the bottom of this post for more details.


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.


There is a public holiday here in New Zealand today so be careful when trading the NZD today.

It was a very quiet day yesterday with a lot of pairs either forming indecision candles or they have hit strong support or resistance areas. This makes selecting likely directions today a difficult task.



Overall there is minor strength in the EUR and JPY.

Overall there is minor weakness in the NZD.



Trading Directions I am favouring for the next 24 hours


Buy Trades - NONE

Sell Trades - NONE





Have a great day

Andrew


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

Learn how I do it>>

 
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