Daily Currency Strength and Weakness, Friday 7 March 2014

Hi, I just want to share this nice daily analysis about the strength and weakness for several major currencies provided by Andrew Mitchem. This is not a direct buy and sell signal for you but with this analysis I can improve my trading performance day to day. It’s a free one.

Free-Forex-Signals

For today, 7 March 2014 the analysis are the following:

  • Overall there is strength in the NZD, AUD, EUR and CHF.
  • Overall there is weakness in the JPY, USD and GBP.

With this analysis, I will look to open trades with the following directions:

  • Buy Trades – EUR/USD, EUR/JPY, EUR/GBP, EUR/CAD, CHF/JPY, AUD/USD, AUD/JPY, NZD/USD, NZD/JPY, XAG/USD
  • Sell Trades – GBP/AUD, GBP/NZD, GBP/CHF, USD/CHF

I always use my own trading strategy which is the hidden divergence before opening any trades.

Original source: http://www.forexpeacearmy.com/forex-forum/andrew-mitchem-s-daily-strengths-weaknesses-analysis/33227-currency-strength-weakness-friday-7th-march-2014-a.html

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