Currency Strength and Weakness for Tuesday 14th May 2013

Andrew Mitchem

Special Consultant to the FPA
Messages
3,130
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 will not be posting here on Wednesday as I will be travelling at that 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.

VIDEO & iTUNES PODCAST: I have just uploaded a new trading commentary video to my website and to the iTunes store.

Find out more by clicking on my signature at the bottom of this post.


Overall there is strength in the CHF, CAD, EUR, USD and JPY.

Overall there is weakness in the AUD, GBP and NZD.

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/GBP, EUR/AUD

Sell Trades – GBP/USD, GBP/JPY, GBP/CAD, GBP/CHF, AUD/USD, AUD/JPY, AUD/CAD, AUD/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>>

 
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