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Currency Strength and Weakness for Tuesday 26th February 2013

Discussion in 'Andrew Mitchem- Daily Strengths and Weaknesses' started by Andrew Mitchem, Feb 25, 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.


    Overall there is strength in the JPY with the GBP and USD also showing strength against certain currencies.

    Overall there is weakness in the EUR, AUD, CAD, NZD and to a lesser extent the CHF.



    Today’s Trading Pairs - Likely Strengths and Weaknesses

    Buy Trades - GBP/AUD, GBP/NZD, GBP/CAD, GBP/CHF, USD/CAD

    Sell Trades - EUR/USD, EUR/JPY, EUR/GBP, CAD/JPY, CHF/JPY, AUD/JPY, NZD/USD, NZD/JPY


    Happy Trading,
    Andrew


    - 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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    thanks Andrew!:cool:
     
  3. michiel

    michiel Recruit

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    Thanks Andrew! Great to read your take everyday.

    Please tell us a bit about the strategy that you use to trade the FX market.

    Cheers
    Mike
     
  4. think2

    think2 Private, 1st Class

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    You think we can finally see some retracement in GBP/USD pair in the next days? At least bounce from oversold area on D1 TF..
     
  5. Wilsontom

    Wilsontom Private

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    Thanks very much Andrew. Your trade suggestions are very good. Much appreciated, cheers.
     
  6. greet86

    greet86 Private

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    Andrew u r good. I always see your analysis . Just a little hint also mkes my views more strong for my trades. Keep up your good work. What about USDJPY I bought now at 92.50 wth target of 94.
     
  7. scottyd14

    scottyd14 Recruit

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    andrew thanks for the effort greatly appreciate your insight
     
  8. PetDane

    PetDane Private, 1st Class

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    Hi Andrew.did some light trading yesterday (as listed below) , came out up, would've done better if I had taken your advice and avoided JPY/USD. I like your work it saves me time checking all the currencies and helps to 'cherry pick' best looking trades. I don't like trade signal with buy and sell proces as you have to look at the market and find the best price yourself. Cheers

    1985820 2013.02.25 04:24 buy 0.01 eurcad 1.35006 0.00000 0.00000 2013.02.25 04:40 1.34951 0.00 0.00 0.00 -0.54
    1985821 2013.02.25 04:27 buy 0.01 eurgbp 0.87197 0.00000 0.87597 2013.02.25 12:34 0.87502 0.00 0.00 0.00 4.62
    1985895 2013.02.25 06:40 sell 0.01 gbpchf 1.40797 0.00000 1.40093 2013.02.25 12:33 1.40325 0.00 0.00 0.00 5.09
    1985898 2013.02.25 06:54 sell 0.01 audnzd 1.22773 0.00000 1.22631 2013.02.25 13:22 1.22819 0.00 0.00 0.00 -0.38
    1985900 2013.02.25 06:54 sell 0.01 gbpnzd 1.80648 0.00000 1.80201 2013.02.25 13:22 1.80428 0.00 0.00 0.00 1.85
    1985901 2013.02.25 06:55 buy 0.01 nzdcad 0.85723 0.00000 0.86028 2013.02.25 13:13 0.85848 0.00 0.00 0.00 1.22
    1985916 2013.02.25 07:30 buy 0.01 nzdjpy 78.809 0.000 79.342 2013.02.25 13:16 78.711 0.00 0.00 0.00 -1.04
    1985932 2013.02.25 07:42 buy 0.01 usdjpy 94.210 0.000 94.346 2013.02.25 13:05 93.696 0.00 0.00 0.00 -5.49
    0.00 0.00 0.00 5.33
    Closed P/L: 5.33
     
  9. sempuraifxx

    sempuraifxx Recruit

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    Thanks Andrew!~~:cool:
     
  10. theras2000

    theras2000 Recruit

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    Many thanks Andrew!!
     

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