Currency Strength and Weakness for Wednesday 2nd April 2014

[Andrew Mitchem]

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 EUR and CAD with minor strength in the USD and CHF.

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


Trading Directions I am favouring for the next 24 hours


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

Sell Trades - GBP/USD, GBP/CAD, GBP/CHF, AUD/CAD, NZD/USD, NZD/CAD, NZD/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>>

 

[luxotik]

Dear Andrew!
can anticipate the suggestions of one hour for daylight saving time change?
Always great, keep it up.

 

[Andrew Mitchem]

Dear Andrew!
can anticipate the suggestions of one hour for daylight saving time change?
Always great, keep it up.

Hi luxotik,

Please note that is only you in Europe and the UK who changed their clocks last weekend. The US and Canadians changed a few weeks before that and we on this side of the world in New Zealand (and also the Australians) put our clocks back for Autumn this weekend.

That's why you'll see I write each day on my posts that the trades are posted here on FPA by 6pm EST New York Time.

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