Currency Strength and Weakness for Thursday 7th May 2015

Andrew Mitchem

Special Consultant to the FPA
Messages
3,130
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.

There is the General Election in the UK today so be very careful if trading on the GBP between now and the end of the week.


Overall there is strength in the EUR and CHF.

Overall there is weakness in the NZD and USD.



Trading Directions I am favouring for the next 24 hours


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

Sell Trades – NZD/JPY, NZD/CHF, USD/CHF, CAD/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 some suggestions


Forex Course Sale – Now On – Ends tomorrow

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


Regards
Andrew


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

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