Currency Strength and Weakness for Tuesday 19th February 2013

Andrew Mitchem

Special Consultant to the FPA
Messages
2,277
Hi Traders,

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.

An extremely quiet day yesterday for most currency pairs, partly due to the US public holiday. This has made picking the likely directions for today a difficult process. The lesson from days like this is this: “You do not have to trade just for the sake of trading. Only trade when you see a good setup”


Overall there is minor strength in the AUD, USD and EUR

Overall there is weakness in the CAD and minor weakness in the GBP


Today’s Trading Pairs - Strengths and Weaknesses

Buy Trades - EUR/CAD, AUD/CAD, USD/CAD

Sell Trades - GBP/USD, GBP/AUD, CAD/CHF



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

Learn how I do it>>

 
Last edited by a moderator:

Andrew Mitchem

Special Consultant to the FPA
Messages
2,277
Hi how do you know that these currency are weak or strong?
You have an mt4 indicator?

Hi Trexy123,

Thanks for your question. I use 9 years worth of knowledge and time from looking at the charts. I also pass on this information to my coaching clients so they can assess the strengths and weaknesses for themselves.


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

Learn how I do it>>

 
Last edited by a moderator:
Top