Currency Strength and Weakness for Wednesday 25th September 2013

[Andrew Mitchem]

Hi Traders,

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.


The market is still fairly quiet but at least today there are a few signs to help us trade over the next 24 hours.

Overall there is strength in JPY and USD.

Overall there is weakness in the NZD and AUD.


Trading Directions I am favouring for the next 24 hours


Buy Trades - GBP/NZD, EUR/NZD

Sell Trades - NZD/USD, NZD/JPY, AUD/JPY, CHF/JPY


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 help



FREE TRADING WEBINARS:
Have you been trading Forex for less than 6 months?
If this is you and you have not yet attended one of my free webinars then jump on board this week. If you'd would like some useful trading tips then this webinar is perfect for you. Learn some great trading tips from a Professional Forex trader.
Register now by clicking on my signature at the bottom of this post.


To Your Trading Success.
Andrew

---

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

 

[keen246]

Hi Andrew,
I really appreciate receiving your daily currencies analysis. Unfortunately, due to the time difference it arrives too late for me. That's why I would like to ask you, if you don't mind, how you assess the currencies strength and weakness? I would like to be able to do it myself in the morning before my trading day.
Thanks in advance.

 

[jakeh]

Mr. Mitchem's projected strengths and weakness are just that, projected. He is trying to give you a heads up about tomorrows trading possibilities.

 

[Andrew Mitchem]

Hi Andrew,
I really appreciate receiving your daily currencies analysis. Unfortunately, due to the time difference it arrives too late for me. That's why I would like to ask you, if you don't mind, how you assess the currencies strength and weakness? I would like to be able to do it myself in the morning before my trading day.
Thanks in advance.

Hi keen246,
My analysis is always posted by 6pm EST (New York Time) and applies to any suitable position you see in the market between that time and 5pm EST the following day - so you have 23 hours worth of trading that applies to the analysis. The posts are always written based on my local time here in New Zealand and we lead the world in terms of the time zones (plus many other things!) so when I write the title Wednesday 25th September, that analysis is posted at 6pm EST Tuesday 24th September New York Time but for me that is already 9am on Wednesday 25th September - so the analysis applies to that upcoming day - written in advance of the market happening.

I hope this answers your question for you.

---

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