Currency Strength and Weakness for Wednesday 16th April 2014

[Andrew Mitchem]

Hi Forex Trader,

Please note: I will not be posting my trade analysis on FPA on Thursday 17th April, Friday 18th, Monday 21st and Tuesday 22nd April due to the Easter break. Both the day before and the day after the holiday are likely to be quiet trading days.

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 and USD

Overall there is minor weakness in the AUD and NZD.


Trading Directions I am favouring for the next 24 hours


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

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


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 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>>

 

[seun04]

you mislead me i just join this forum I saw from my strategy that AUDUSD is a sell trade and i remove my sell position to watch the market but it follow my former sell position. I suppose to have catch cool 90 pips now and move out of the trade. Am sure now that my new strategy is working now because it always deliver profit.Anyway you are doing a good job keep it up