Currency Strength and Weakness for Wednesday 2nd March 2016 – Strength in the CAD$

[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 CAD, NZD and AUD.


Overall there is weakness in the JPY, EUR and USD.



Trading Directions I am favouring for the next 24 hours



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


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



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>>

 

[Pillar79]

Thank you Mitchem. I go for the AUD/JPY after careful study and lock in some profit.
You taught me to take it easy no matter how small the profit is, than trying to make thousands
and become a loser.
I have also read through the reply you sent to me about forex strategy, I think I was the one making mistakes. I will also see how my trades will go from now.
Once again, thanks