Currency Strength and Weakness for Wednesday 23rd March 2016 – More GBP weakness

Andrew Mitchem

Special Consultant to the FPA
Messages
3,153
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 and USD.


Overall there is weakness in the GBP, JPY, EUR and CHF




Trading Directions I am favouring for the next 24 hours



Buy Trades – AUD/JPY, AUD/CHF, CAD/JPY, CAD/CHF


Sell Trades – GBP/USD, GBP/AUD, GBP/NZD, GBP/CAD, NZD/CAD, EUR/AUD, EUR/CAD




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.

VERY IMPORTANT: I will not be posting my daily market analysis on Thursday 24th, Friday 25th, Monday 28th and Tuesday 29th March due to the Easter holiday break. The market is likely to be either quiet or erratic just before and just after the holiday. My analysis will resume as per normal on Wednesday 30th March.



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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The GBP/USD were my greatest trade today. I am not a constant trader though but it's good to get a pip than to lose. Thanks for the help.
 
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