Currency Strength and Weakness for Tuesday 1st July 2014

[Andrew Mitchem]

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.

There is a public holiday in Canada today.

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

Overall there is weakness in the USD, NZD, CAD and JPY.


Trading Directions I am favouring for the next 24 hours


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

Sell Trades - CAD/CHF, NZD/CHF, USD/CHF


VERY IMPORTANT- PLEASE READ: These are not specific trades. Do not blindly place trades in the directions given above. 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.


FREE TRADING WEBINARS FOR FRUSTRATED TRADERS:

Are you a frustrated trader, feeling like you're ready to give it all up?

Have you been trading for 6-12 months or more and you're feeling like you're not achieving the kind of profits you should be?

If the answer to either question is "yes" then this webinar is perfect for you. There are 2 webinar times this week.


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



To Your Trading Success.
Andrew

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- Andrew Mitchem
The Forex Trading Coach
30 minute a day "full time" forex trading?
Learn how I do it>>

 

[ahmer]

Thanks for posting.
Do you hold trades for more than one day? I was looking to hold NZDCHF short trade but i closed it at good price.

 

[Andrew Mitchem]

Thanks for posting.
Do you hold trades for more than one day? I was looking to hold NZDCHF short trade but i closed it at good price.

Hi Ahmer,

Yes I will hold trades open for more than one day but that will depend upon what time frame chart they were traded from, how the trade is looking and what the overall sentiment of the pair is heading into the next day.

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- Andrew Mitchem
The Forex Trading Coach
30 minute a day "full time" forex trading?
Learn how I do it>>

 

[Willtech Gen Phd]

how would you suggest i trade these i mean what method do u think is best to trade Currency

 

[ahmer]

how would you suggest i trade these i mean what method do u think is best to trade Currency

Andrew is not providing buy/sell signals. He is helping us to find the market direction on daily basis. The idea of knowing the direction before trading is you trade in that direction only if a potential trade setup occurred. You will need to learn and create your own strategy to be able to trade with his predictions.