Currency Strength and Weakness for Tuesday 10th March 2015

Andrew Mitchem

Special Consultant to the FPA
Messages
2,156
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 GBP

Overall there is weakness in the JPY with minor weakness in the 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 – GBP/JPY, GBP/AUD, GBP/NZD

Sell Trades – EUR/GBP





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



To Your Trading Success.
Andrew


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

Learn how I do it>>

 
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Copper

Private
Messages
29
I am curious on how you came up with your R/S. I know you can't completely tell because that would not be good for your business but I thought I would say how I get mine. I use percentage based change for the day and I go thru 28 different pairs and see if the are above or below a 200 SMA and rank them to get which is strongest and weakest. I then look a head to see if any news may come out that could increase or decrease its strength. thanks
 

piggywiggy

Private, 1st Class
Messages
33
He probably came up with the most important stuff from this guy:

 
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warpath

Recruit
Messages
7
Thanks a lot for your suggestion, Andrew. Fortunately I always focus on GBPJPY :)
If possible, make it more specific with your suggestions.
 

Andrew Mitchem

Special Consultant to the FPA
Messages
2,156
I am curious on how you came up with your R/S. I know you can't completely tell because that would not be good for your business but I thought I would say how I get mine. I use percentage based change for the day and I go thru 28 different pairs and see if the are above or below a 200 SMA and rank them to get which is strongest and weakest. I then look a head to see if any news may come out that could increase or decrease its strength. thanks
Hi Cooper,

My analysis is all based off the charts and I too look through all of the pairs to gain an overall prospective of what is happening.


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

Learn how I do it>>

 
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Andrew Mitchem

Special Consultant to the FPA
Messages
2,156
Thanks a lot for your suggestion, Andrew. Fortunately I always focus on GBPJPY :)
If possible, make it more specific with your suggestions.
Hi Warpath,

That's really good that this pair suits your style of trading and strategy. In this situation focusing on one pair can be a good thing.

I give specific trades and further analysis to my clients every day but will ot be posting that information here, sorry.


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

Learn how I do it>>

 
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piggywiggy

Private, 1st Class
Messages
33
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