by Michael Bridgman | Jun 6, 2019 | Forex Tips
These are tricky times to trade and trends may be changing. Despite a surplus in crude oil inventories this week, the USDCAD moved lower today. As it failed to stay above the 1.3400 figure, a short was taken early in the U.S. session risking 12 pips for a...
by Michael Bridgman | May 30, 2019 | Forex Tips
Most of the majors are trending, but the daily ranges are confined and it’s been difficult the past couple of weeks to make more than 15 or 20 pips in a pair intraday. As a result, I have not been posting. Today the GBPUSD gave us 25 pips to the downside....
by Michael Bridgman | May 17, 2019 | Forex Tips
The USD index continued to move higher today and we will see if it closes above 98.00 to end the week. The Canadian dollar one would think would be having a good week too after favourable comments regarding the economy from the Bank of Canada’s Governor Poloz....
by Michael Bridgman | May 16, 2019 | Forex Tips
The market appears to have turned its focus away from selling the USD this week, despite the rhetoric between the U.S. and China. On Monday the USD sold off and then bounced and has shown strength each day since. The GBP remains mired in British political...
by Michael Bridgman | May 14, 2019 | Forex Tips
The GBPUSD is trending lower again and a failure to get above a critical level today near 1.2960 created a short entry…also ending its retracement wave higher. The trade required a 15 pip stop loss for a potential 61 pips to our daily target at 1.2888. Price...
