Currency Strength and Weakness for Wednesday 3rd February 2016–Weakness in the Commodity Currencies

[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 JPY, EUR and USD.


Overall there is weakness in the AUD, CAD and NZD.



Trading Directions I am favouring for the next 24 hours



Buy Trades – USD/CAD, EUR/CAD, EUR/AUD


Sell Trades – NZD/JPY, AUD/USD, AUD/JPY, CHF/JPY, AUD/CHF, CAD/JPY, CAD/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.

NOTE: “I will not be posting my analysis tomorrow (Thursday 4th February) as I will be travelling at that time. My analysis will resume on Friday 5th February”


Regards

Andrew

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- Andrew Mitchem
The Forex Trading Coach
30 minute a day "full time" forex trading?
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[Brett Reynolds]

Hey Andrew, Watched the Vid of you in HK. Any plans for a trip to London..? I'll buy the wine...if you give me your 'secret software'!!