Currency Strength and Weakness for Wednesday 19th March 2014

[Andrew Mitchem]

Hi Forex Trader,

Thank you for the large number of emails I received overnight regarding yesterday's analysis. Here are some trades I took myself yesterday - in the same direction as the anticipated analysis, see here http://screencast.com/t/3QkmLG4ZyyAt or

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, AUD and JPY with minor strength in the EUR.

Overall there is weakness in the CAD and GBP.


Trading Directions I am favouring for the next 24 hours


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

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


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

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

 

[piggywiggy]

I posted this at 4:00 Tuesday on Tuesday's post:


Overall there is strength in the NZD and AUD and weakness in the CAD, USD, GBP, and CHF

Buy trades NZD/CAD, NZD/USD, AUD/USD, AUD/CHF, AUD/CAD, NZD/CAD

Sell trades GBP/NZD, GBP/AUD

Looks similar.

 

[luxotik]

Piggywiggy
Do not confuse.
Why not open your page and I will follow you.

 

[jadgekumar]

Andrew what time frame do you usually use.

Regards

 

[Andrew Mitchem]

Andrew what time frame do you usually use.

Regards

Hi Jadgekumar,

The great thing with my strategy is that it can be applied across all pairs and all time frame charts so it's really important to trade the t/f charts that suit you the best. My personal favourite t/f charts are the D1, H4 and H1 charts.

However, I also trade W1 and MN1 charts for longer term positions and then when I'm trading on my live trading room webinars in front of my coaching clients, I trade right down to 15m, 5m and even 1min charts.

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