Forex Tips and Tricks –  Keeping It
Simple To Be Successful

As we approached the retail sales release today, the USDJPY moved up just in advance – as if the market knew the number would be favourable. Risking 12 pips for a potential 34 pips to our daily target at 108.36 we went long too.   Price jumped higher, traded...

As the trading week comes to a close, the USD moved down against the majors and we liked the USDJPY setup. The pair made its high for the day early in the Asian session. It made a lower high in the first half of the U.K. session and made another lower high early in...

Fed Chair Powell’s comments yesterday were perceived as dovish enough for many traders to consider a 50 bp cut at the end of the month. Hence the USD sell-off yesterday.   Today early in the U.S. session overlap, the GBPUSD set up for a short… risking 13 pips...

Currency daily ranges in the majors have been subdued for some time now, likely due to the uncertainty of progress with the U.S. – China trade talks.   It’s difficult to get too excited about trades under 20 pips, so I prefer not to take the time required to...

The EURUSD has surged higher since the Fed announced a pending U.S. interest rate cut in July which has weighed heavily on the USD. Like a rising tide raising all boats, all the majors have strengthened to the USD.   Currently, buyers are emerging around the...

It appears that many traders have been sitting on their hands as uncertainty continues regarding the U.S. – China trade tariffs eventual outcome, Trump versus Iran, how Boris Johnson who is the odds on favourite to replace Teresa May as Britain’s next prime...

Since Teresa May resigned as Prime Minister, what has changed regarding Brexit uncertainty?   As Boris Johnson appears to be the odds on favourite at this stage of replacing May, is that likely to lead to GBP strength or weakness? Mr. Johnson is portrayed as a...

These are tricky times to trade and trends may be changing.   Despite a surplus in crude oil inventories this week, the USDCAD moved lower today. As it failed to stay above the 1.3400 figure, a short was taken early in the U.S. session risking 12 pips for a...

Most of the majors are trending, but the daily ranges are confined and it’s been difficult the past couple of weeks to make more than 15 or 20 pips in a pair intraday. As a result, I have not been posting.   Today the GBPUSD gave us 25 pips to the downside....