Currency Strength and Weakness for Thursday 9th May 2013

Andrew Mitchem

Special Consultant to the FPA
Messages
2,033
Hi Traders,

IMPORTANT NOTE: I will be on holiday in Singapore and India between 11th – 31st May. In that time I will be posting here as often as possible. Apart from times when I will be flying, I expect to be able to post here almost every day while away. In Singapore that will be 6am local time and in India I will be posting at 3:30am local time.


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.

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Overall there is strength in the EUR, GBP and CHF.

Overall there is weakness in the NZD and AUD with minor weakness in the USD and JPY against some currencies.

Trading Directions I am favouring for the next 24 hours

VERY 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

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

Sell Trades – AUD/CHF, USD/CHF


To Your Trading Success.
Andrew


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

Learn how I do it>>

 
Last edited by a moderator:

Benjamin Lam

Recruit
Messages
4
Apparently being a D1 TF trader wud not hv advantages in yr Currency Strength-Weakness
info, so pls adv what TFrames wud be appropriate to apply yr info? Tks.
 

Andrew Mitchem

Special Consultant to the FPA
Messages
2,033
Apparently being a D1 TF trader wud not hv advantages in yr Currency Strength-Weakness
info, so pls adv what TFrames wud be appropriate to apply yr info? Tks.
Hi Benjamin

Any time frame chart that suits your style of trading and trading personality would suit right from a D1 chart right down to a 5 minute chart - it all depends upon what you prefer trading.


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

Learn how I do it>>

 
Last edited by a moderator:

TPOC

Private
Messages
12
many thanks your daily postings

Hi Andrew,

Just a quick word to thank for your daily postings which most helpful, and to wish you a safe and enjoyable trip to Singapore and India...

Rgds
T
 
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