by Michael Bridgman | Mar 10, 2020 | Forex Tips
The USDCAD has moved up over 800 pips this year. Despite the USD’s recent weakness, it’s been able to extend its gains against the CAD. The USD rebounded today against the majors and a long trade setup was found risking 25 pips for a potential 57 pips to our...
by Michael Bridgman | Mar 5, 2020 | Forex Tips
The AUDUSD and NZDUSD tend to trade in the same direction. Both pairs set up for a short today, but I preferred the Kiwi…risking 12 pips for a potential 68 pips to our daily target at .6254. As price moved lower we moved our stop loss lower and continued to do...
by Michael Bridgman | Feb 28, 2020 | Forex Tips
February’s final week of trading comes to a close with a surprise ending. Just over a week ago the U.S. equity benchmark S&P 500 made an all time high. The coronavirus seemed largely contained in China and last weekend with a major number of new cases reported in...
by Michael Bridgman | Feb 25, 2020 | Forex Tips
Monday was an exceptional selling day as the markets reacted to the implications of a pandemic risk for the coronavirus. On Tuesday the USDJPY moved down but found some buyers near Monday’s low and retraced upward. As the U.S. session got underway, it began to...
by Michael Bridgman | Feb 24, 2020 | Forex Tips
A light day of economic news releases but a significant number of new cases of the coronavirus outside of China has unnerved the markets. As risk off sentiment begins the trading week and the USD remains on its back foot following the weaker than expected PMI numbers...
