Currency Strength and Weakness for Tuesday 27th August 2013

[Andrew Mitchem]

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 NZD, CAD and JPY.

Overall there is weakness CHF, EUR and AUD.


Trading Directions I am favouring for the next 24 hours

Buy Trades - NZD/USD, CAD/CHF

Sell Trades - EUR/NZD, AUD/NZD, CHF/JPY


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 here for help.


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Register now by clicking on my signature at the bottom of this post and select the "Attend my Free Training Webinar" link on the left side of the page.



To Your Trading Success.
Andrew

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- Andrew Mitchem
The Forex Trading Coach
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[The_Snowman]

I suggest you do what I do, watch price action and take opposite to Andrew suggestion when you see something.

In case you didn't figure it out, here is how it works, when you see price go up, there is "strength" and a recommendation.

Price went the other way, no problem, change the recommendation, all good, got to get it right someday!

And you think indicators are lagging? keep a record for a few weeks and compare results...