Forex Tips and Tricks – Keeping It
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Long the USDCAD as the USD moves higher after a pullback yesterday
The USDCAD started the U.S. session dipping down to test its Asian session low… very close to yesterday’s low and found buyers. As the pair began to climb higher, a long was taken risking 20 pips for a potential 49 pips to our daily target at 1.2542. The pair moved...
Long the USDJPY as the pair tests the 2015 highs
The USDJPY has been surging higher since moving above the 116.00 figure last week. This move is based on the fundamental weakness currently of Japan’s economy and is reflected in other yen crosses as well. The USD was strong today and after the economic...
Trading the AUDUSD both directions to end the trading week
The AUDUSD traded mostly sideways going into the U.S. session overlap. A short set was taken risking 11 pips for a potential 48 pips to our daily target at .7409. Price moved lower and we locked in profits as it did. A reversal pattern set up and we re-entered long...
Shorting the AUDUSD in advance of the FOMC Meeting Minutes
The AUDUSD set up for a short early in the U.S. session overlap after a third lower high… risking 15 pips for a potential 39 pips to our daily target at .7525. Price went sideways after the entry for 30 minutes then began to move lower stalling near...
Shorting the EURUSD on a day of USD strength
The EURUSD made a series of four lower highs today and a short was taken after it cleared its Asian low during the U.S. session overlap… risking 20 pips for a potential 69 pips to our daily target at 108.82. As price continued lower, we locked in profit...
Long the USDCAD as oil pulls back today
The U.K. and Europe moved their clocks ahead on Sunday. North America is now in sync again having moved their clocks forward two weeks ago. Today there were no economic news releases in the U.S. session, but oil was moving down. A long was taken in the USDCAD in...
Long the GBPUSD as the pair retraces yesterday’s interest rate sell-off reaction
Despite this being the first of four triple witching days of 2022, the volatility didn’t appear to be more than we have been experiencing lately. After a steep sudden sell-off yesterday following the 25 bp interest rate increase in the U.K., the GBPUSD today moved...
Long the CADJPY as the market sentiment moved to “risk on” today
The North American traders will be starting effectively an hour earlier and overlapping with the European and U.K. markets for an extra hour this week and next until Europe and the U.K. move their clocks ahead for Daylight Savings Time. Today after the...
In and out, back in and back out, shorting the EURUSD today
Trading currently is very volatile. The invasion of Ukraine and sanctions on Russia have created so much uncertainty that the financial markets are extremely volatile. Today the CAD was very strong going into the U.S. session overlap and the EUR was very weak....









