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Currency Strength and Weakness for Wednesday 6th March 2013

Discussion in 'Andrew Mitchem- Daily Strengths and Weaknesses' started by Andrew Mitchem, Mar 5, 2013.

  1. Andrew Mitchem

    Andrew Mitchem Special Consultant to the FPA

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    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.

    Yesterday was a very quiet day for many pairs which can often make predicting today's trading directions quite hard.


    Overall there is strength in the AUD and NZD.

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


    Trading Directions I am favouring for the next 24 hours

    Buy Trades - AUD/USD, AUD/CAD, AUD/CHF, NZD/USD

    Sell Trades - EUR/AUD, GBP/AUD


    Happy Trading,
    Andrew


    - Andrew Mitchem
    The Forex Trading Coach
    Professional Forex Trader and Educator

    Learn How To Be Profitable with Forex Trading in the next 90 Days - FREE Webinar>>

     
  2. manny

    manny Private

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    yahoo..thanks andrew!
     
  3. 4xpipsense

    4xpipsense Private

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    I think I caught AUD/CHF move yesterday and it's still up. Thank you Andrew. You are an eye opener.
     
  4. Andrew Mitchem

    Andrew Mitchem Special Consultant to the FPA

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    Hi 4xpipsense,

    It's my pleasure, I'm pleased that my suggestions are helping you.

    As I write this, the AUD/CHF has just taken out my target for the day at 0.9695.

    Kind Regards,
    Andrew


    - Andrew Mitchem
    The Forex Trading Coach
    Professional Forex Trader and Educator

    Learn How To Be Profitable with Forex Trading in the next 90 Days - FREE Webinar>>

     

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