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Currency Strength and Weakness for Wednesday 20th January 2016 – Weakness continues in the GBP

Andrew Mitchem

Special Consultant to the FPA
Messages
3,154
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 strength in the AUD, EUR, CHF and USD.


Overall there is weakness in the NZD, GBP and JPY.




Trading Directions I am favouring for the next 24 hours



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


Sell Trades – GBP/USD, GBP/AUD, GBP/CHF, NZD/USD, NZD/CHF




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 WEBINAR THIS WEEK FOR NEW FOREX TRADERS


If you are new to trading or you have been trading for 6 months or less then this is the perfect webinar for you.


Click on my signature at the bottom of this post for more details.



Regards

Andrew


- Andrew Mitchem
The Forex Trading Coach
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