Currency Strength and Weakness for Wednesday 13th August 2014

Andrew Mitchem

Special Consultant to the FPA
Messages
2,156
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.


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

Overall there is minor weakness in the EUR, CHF and NZD


Trading Directions I am favouring for the next 24 hours


Buy Trades – GBP/USD, GBP/NZD, AUD/NZD

Sell Trades - EUR/GBP, EUR/AUD


VERY IMPORTANT: 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 some suggestions


FREE FOREX WEBINARS THIS WEEK FOR NEW FOREX TRADERS; click on my signature at the bottom of this post for more details.
There are 2 webinar times this week.


Regards
Andrew


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

Learn how I do it>>

 
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Andrew Mitchem

Special Consultant to the FPA
Messages
2,156
Bad luck. Killing fundamentals. :)
Hi Ahmer,

I took one trade on the GBP/USD yesterday which was stopped out but apart from that the weak GBP news didn't have any effect as I couldn't see any other GBP buying opportunities yesterday.

In fact the news helped me reach the profit target on a longer term trade from a few weeks ago see here 2014-08-14_0954 - TheForexTradingCoach's library


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

Learn how I do it>>

 
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piggywiggy

Private, 1st Class
Messages
33
It's always cool in Mitchemland. Even when his trade is ass-backwards he's coining it. That's why he's always smiling!
 
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