Forex Tips and Tricks –  Keeping It
Simple To Be Successful

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...

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...

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....

The coronavirus and pending fiscal stimulus package in the U.S. is currently weighing on the USD. The DXY has moved below its June low. A test of the March low looks like the next target.   As the USD continues lower and the “risk on” sentiment continues a...

On a day when global equity markets were lower, the GBPUSD managed to move higher. The pair had momentum going into the U.S. session overlap and as it pushed higher a long was taken risking 16 pips for a potential 47 pips to our daily target at 1.2613.  ...

The market was very interested in the NFP number today which was very positive for the U.S. It took a bit of time for the USD to move upward, but the majors eventually turned to reflect a stronger dollar.   We entered the GBPUSD short risking 20 pips for a...

Month end tends to be volatile with exaggerated moves in either direction often appearing to be quite random.   Although the EURGBP has been trending upward, the Euro was looking weak today and it was Sterling that was looking strong. A short was taken after...

Mondays tend to be tricky days to trade. The EURUSD tried to climb higher today but stalled around 1.1285 and a short trade was taken risking 15 pips for a potential 69 pips to our daily target at 1.1205.   As the pair moved lower, it picked up momentum after...

It was a slow week for me with a small GBPUSD gain Wednesday, that ran after we had closed the trade during some whipsaw action.   Today however the trading was very worthwhile. A GBPUSD short was taken early in the U.S. session overlap, risking 18 pips for a...