by Michael Bridgman | Jun 13, 2025 | Forex Tips
The USDCAD has been trending significantly lower. A short was taken early in the U.S. session as price began to move lower – away from a key area. Our first target was 1.3591 but 1.3574 was our main target and ultimately where the trade was closed. I find a lot of...
by Michael Bridgman | May 13, 2025 | Forex Tips
Following the U.S. economic releases today the euro was strong and the yen was not. A EURJPY long was taken, with the trend, as price began to break to the upside. Price moved up to test its high from yesterday, then through the 165.00 figure and up to our target at...
by Michael Bridgman | Apr 10, 2025 | Forex Tips
There is a continued sense of fear and uncertainty in the financial markets resulting in the USD being weaker and the JPY stronger today. The opposite of this was true yesterday when President Trump put the tariffs mostly on hold, causing USDJPY to soar higher. ...
by Michael Bridgman | Mar 8, 2025 | Forex Tips
My style of trading is typically done on the 15 minute chart and positions are closed daily. Today I had been looking for a setup on the GBPJPY but found the more subdued USDJPY providing a better entry. It was late in the U.K. session and the USDJPY had begun to...
by Michael Bridgman | Jan 14, 2025 | Forex Tips
Note: I have taken the last couple of years off from teaching with very few exceptions. I have preferred just doing my own trading. I have now been in the financial markets full-time for over 35 years and have been trading currencies for over 20 years. Although I have...
by Michael Bridgman | Mar 13, 2023 | Forex Tips
As panic ensued following the collapse of Silicon Valley Bank, the U.S. government acted in order to protect the depositors and prevent the appearance of possible contagion in the banking system. Goldman Sachs over the weekend predicted the Fed will not raise interest...
