by Michael Bridgman | Nov 26, 2018 | Forex Tips
The USD was slightly stronger today and global stock markets began the week positively. The AUDUSD moved strongly higher during the Asian session trading, which usually is followed by a reversal when the U.K. traders come on. Almost uniformly at the same time...
by Michael Bridgman | Nov 21, 2018 | Forex Tips
The AUDUSD set up for a long today with a slightly softer USD and gold moving up. Risking 6 pips for a potential 32 pips to our daily target at .7274 we entered long after a “W” pattern reversal and bounce off a simple trendline. Price moved up in advance of the U.S....
by Michael Bridgman | Nov 20, 2018 | Forex Tips
Although the equity markets worldwide continued lower today, the USD was strong and gold was on its back foot. With a uniform move of strength for the USD versus the majors, it was not difficult to find trade setups. Risking 10 pips for a potential 44 pips to...
by Michael Bridgman | Nov 16, 2018 | Forex Tips
The USD was weaker today as we close the trading week. A very light news day with gold and commodity prices on the rise. A long setup was found in the AUDUSD risking 8 pips for a potential 55 pips to our daily target at .7312. As the U.S. session got underway,...
by Michael Bridgman | Nov 14, 2018 | Forex Tips
On Monday, which was a North American bank holiday the EURUSD finally broke the 1.1300 level and quite decidedly as it moved down to 1.1215. On Tuesday, it would be normal for it to retest the 1.1300 level and we would discover if buyers or sellers would prevail....
