Forex Tips and Tricks –  Keeping It
Simple To Be Successful

The USD has been weak since Tuesday’s ISM Manufacturing PMI for August fell to 49.1 – hinting further at a contracting economy. Today the ISM Non Manufacturing PMI came in at 56.4 – above expectation of 54. This helped to reverse the slide in the USD and a short...

The EURUSD moved quickly higher as the U.K session got underway and vertical moves are not sustainable. As the sellers entered above yesterday’s high and price made two red candles, a short was taken risking 12 pips for a potential 33 pips to our daily target at...

Germany’s economy is contracting and a bearish sentiment prevails for the E.U.’s largest economy.   Despite all the volatility in U.S. stock markets on Wednesday, the USD index managed to move upward and continued higher today. After a slew of economic news...

The AUDUSD continues to move lower and after retesting its Asian session low and failing to stay above it, a short was taken, risking 13 pips for a potential 30 pips to our daily target at .6738. I prefer a 3:1 reward to risk early in the U.K. session but 30 pips...

My preference will continue to be to short the GBPUSD on days of USD strength coupled with nothing favourable coming out of the U.K. – Brexit-wise.   It wasn’t that long ago that this pair could find some contrarians (buyers) on dips below 1.2500. Now 1.2000...

Britain now has Prime Minister Boris Johnson leading the Brexit challenge and hoping to accomplish what Teresa May was unable to complete.   The uncertainty as to how the divorce from the E.U. will be accomplished by October 31st will likely continue to weigh...

The major event risk for the week was the ECB interest rate decision, policy statement and press conference.   ECB’s Mario Draghi left interest rates unchanged, but concern about the economy of Germany and the E.U. will continue to offer opportunities to fade...

The AUDUSD has been moving down for three days in a row. Today with USD strength, a short setup was found risking 8 pips for a potential 28 pips to our daily target at .6994.   Price began to move lower early in the U.S. session, then moved through its Asian...

The USDCAD began climbing higher after the U.S. economic releases today. Both Brent and WTI oil were off more than 2%. The pair had been making a series of higher lows and a long entry was taken risking 9 pips for a potential 32 pips to our daily target at 1.3094....