by Michael Bridgman | Aug 4, 2020 | Forex Tips
The GBPUSD broke to the downside today and moved to our daily target at 1.2990 before quickly bouncing back above the 1.3000 figure. A long was taken with a stop loss just under the day’s low as price was able to gain momentum upward. As the U.K. session ended...
by Michael Bridgman | Jul 31, 2020 | Forex Tips
As mentioned yesterday the Euro bulls are eyeing 1.2000 but we saw brief USD strength yesterday. It appears that the USD which has been sold sold sold of late may be attracting some buyers as we reach mid summer. When the EURUSD could not extend above 1.1900...
by Michael Bridgman | Jul 30, 2020 | Forex Tips
In June, Federal Reserve Chairman Powell stated, “We’re not even thinking about thinking about raising rates.” Yesterday he didn’t make any new quotable remarks. It appears that the Fed will be on hold for a very long time and the equity markets like it… and the USD...
by Michael Bridgman | Jul 28, 2020 | Forex Tips
The USD which has moved sharply lower throughout the month of July had a bit of a reprieve today as we approach month end. With sentiment being more cautious today after equites performed well on Monday, a short was taken in the USDJPY risking 15 pips for a...
by Michael Bridgman | Jul 22, 2020 | Forex Tips
As the USD continues to weaken, the other majors strengthen to it – except the JPY today. The USDCAD closed below a very important technical level on the daily chart Tuesday. Today the move continued lower after an initial run higher early in the U.K. session....
