by Michael Bridgman | Sep 17, 2021 | Forex Tips
The USD strength continued today and an entry long was taken in the USDCAD early in the U.S. session overlap – risking 20 pips for a potential 54 pips to our daily target at 1.2723. Buyers began entering near the Asian session low as the U.S. session got underway....
by Michael Bridgman | Sep 16, 2021 | Forex Tips
We have moved into the second half of September now and daily trading ranges continue to be much tighter than usual. September so far, looks a lot like August. The GBPUSD and the USDCAD continue to be my favourite two pairs to trade because they offer the best daily...
by Michael Bridgman | Sep 2, 2021 | Forex Tips
August was the slowest month I’ve seen in over 17 years of currency trading. I think my best trade was for 21 pips but the majority were in the 1 to 15 pip range. I am happy September has arrived and the volume and ranges will pick up from here. Who knows perhaps...
by Michael Bridgman | Aug 13, 2021 | Forex Tips
On Wednesday the DXY moved up to test its July 21st high at 93.19 and failed to move higher leaving a double top. Today the DXY moved lower after the Michigan Consumer Expectations and Michigan Consumer Sentiment economic releases – which were both large misses. The...
by Michael Bridgman | Aug 10, 2021 | Forex Tips
As the U.S. session got underway the USDCAD made an attempt to move higher but was unable to test its Asian session high or yesterday’s high. It began to fade and a short was taken risking 13 pips for a potential 55 pips to our daily target at 1.2518. Price moved...
