Forex Tips and Tricks –  Keeping It
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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...

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...

The EURUSD is trending lower. When it failed to take out its Asian session high and began to reverse lower, we entered short risking 9 pips for a potential 33 pips to our daily target at 1.0796.   The trade moved lower going into the U.S. Open and we protected...

The relationship between the E.U. and Britain continues to be strained while the details of the divorce are worked out. The E.U. has cast doubt on whether this can be accomplished by year end – as desired by British P.M. Johnson.   While the GBPUSD bounces...

The EURUSD moved up briefly as the U.K. session got underway. The idea today was to wait for it to roll over and trade with the trend lower.   We entered short with a stop loss of 7 pips for a potential 41 pips to our daily target at 1.0841. Speculation of...

Sellers continued to emerge around 1.3000 today in the GBPUSD. A near retest of it’s Asian session high was immediately met with selling, pushing it to its Asian session low – early in the U.K. session.   After the U.S. economic releases today, price began to...

Despite the daily headlines about the coronavirus, a “risk on” sentiment prevails in the financial markets. The USDX continued to climb for a third straight day as fears about the spreading of the coronavirus outside China abate somewhat.   Although shorting...

There were lots of economic news releases today. For me, the idea was to wait for them to come and go and see which way the market was going to move as a result… but not before.   The AUDUSD was meandering up and down, then broke its simple upper trendline...

After dovish comments by ECB President Christine Lagarde the EURUSD and its crosses moved lower. The stop losses were too expensive for me, but the AUDUSD offered a short setup risking 11 pips for a potential 32 pips to our daily target at .6833.   An entry...