Forex Tips and Tricks –  Keeping It
Simple To Be Successful

The USD has moved up four sessions in a row as the DXY attempts a close above 97.50.   The GBPUSD has moved lower this week particularly after the B.O.E. news yesterday. Brexit will continue to weigh on trader sentiment toward the pair through month end. After...

The AUDUSD started to move down today during the U.S. session overlap testing its Asian session low. The candle that tested the low left a long lower wick indicating buyers were entering at that level.   A glance at the DXY showed USD strength was increasing....

After falling precipitously since May 26th, the USD has bounced as equity markets recalibrate following Fed Chair Powell’s remarks on Wednesday.   The big question remains how economies will adjust following the pandemic coronavirus outbreak. Will reopening of...

The USD continues to move lower and test its December 2019 low, but has not closed beneath it. Tomorrow, all eyes will be on Federal Reserve Chair Jerome Powell and how the market will react to his speech.   After the GBPUSD pulled back in the first half of...

The USD has moved lower for 8 straight days.   Today with the ECB news, I chose to stay away from the EURUSD. The GBPUSD and AUDUSD had greater upside to our daily targets. The GBPUSD required an initial 25 pip stop loss for a potential 74 pips to our daily...

The equity markets continue to move higher while the USD has continued lower now for 7 straight days.   The EURUSD has been soaring upward. The falling USD has only been able to rise against the JPY as investors remain comfortable with risk… pricing in a...

Today was another day of USD weakness and it’s never wise to fight the market.   Today a long was taken in the GBPUSD as it began to climb off its session lows – risking 19 pips for a potential 85 pips to our daily target at 1.2401. Price moved higher but...

The market is moving in both directions based on optimism or pessimism on any given day. This makes it hard to have conviction unless an important level holds or is taken out.   The rally in the AUDUSD was unable to take out yesterday’s high and began to move...

The elusive close above the 1.1000 – 1.1020 level didn’t happen and sellers emerged today as the EURUSD tested the 1.1000 figure. Global bourses were lower today and the USD was moderately up…accompanied by the move lower in gold.   A short setup was found...