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Currency Strength and Weakness for Tuesday 19th February 2013

Discussion in 'Andrew Mitchem- Daily Strengths and Weaknesses' started by Andrew Mitchem, Feb 18, 2013.

  1. Andrew Mitchem

    Andrew Mitchem Special Consultant to the FPA

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    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
    Professional Forex Trader and Educator

    Learn How To Be Profitable with Forex Trading in the next 90 Days - FREE Webinar>>

     
  2. manny

    manny Private

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    let me be the first one today to thank you:)
     
  3. tonney

    tonney Recruit

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    Thank you Andrew.Am looking forward to viewing your suggestions on a daily basis.
     
  4. Libby Lonigro

    Libby Lonigro Recruit

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    I am the second one to thank you
     
  5. FreddyFX

    FreddyFX Sergeant

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    Don't worry, we are not judging you on your support. :rolleyes:
     
  6. nepal

    nepal Private, 1st Class

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    Thanks a lot for your suggestions.
     
  7. trexy123

    trexy123 Recruit

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    Hi how do you know that these currency are weak or strong?
    You have an mt4 indicator?
     
  8. 4xpipsense

    4xpipsense Private

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    Thanks a lot.
     
  9. Andrew Mitchem

    Andrew Mitchem Special Consultant to the FPA

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    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
    Professional Forex Trader and Educator

    Learn How To Be Profitable with Forex Trading in the next 90 Days - FREE Webinar>>

     
    kavinda likes this.
  10. mosiskv

    mosiskv Recruit

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    Thanks as well - Very Helpfull!
     

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