Currency Strength and Weakness for Wednesday 5th November 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 NZD, CHF and AUD.

Overall there is weakness in the CAD, USD and GBP.


Trading Directions I am favouring for the next 24 hours


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

Sell Trades – GBP/AUD, GBP/NZD, GBP/CHF, CAD/CHF, USD/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 WEBINARS THIS WEEK FOR NEW FOREX TRADERS

Click on my signature at the bottom of this post for more details. There are 2 webinar start 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>>

 

[S.chakrabortty2011]

Nzd is crashing .

can you please explain the fundamental, sentimental or any reason for this crash

 

[Andrew Mitchem]

Nzd is crashing .

can you please explain the fundamental, sentimental or any reason for this crash

Hi,

There were some great trading setups on the NZD/USD going short in the early European session onwards yesterday. I personally didn't take any as I was preferring to look for Buy trades yesterday - of which there were none suitable.

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