by Michael Bridgman | Oct 13, 2021 | Forex Tips
A bearish session for the USD today and a short was taken in the USDJPY risking 20 pips for a potential 57 pips to our daily target at 113.03. The USDJPY had been a very quiet pair with a tight daily range all summer. In the third week of September, it began to move...
by Michael Bridgman | Sep 30, 2021 | Forex Tips
Although the U.S. equity markets showed further signs of weakness to end the third quarter, the USD was unable to muster any strength today following four positive days in a row. Once the USDCAD broke its Asian session low early in the U.S. session, a short was taken...
by Michael Bridgman | Sep 29, 2021 | Forex Tips
The USD was very strong today in a uniform move versus the majors. There were a number of economic news releases and the DXY continued its ascent. I continue to find trades in the active USDCAD and CAD crosses. A long was taken in the USDCAD today risking 23 pips for...
by Michael Bridgman | Sep 22, 2021 | Forex Tips
Today was an active day despite the pending FOMC statement. I thought trading might be slow today while the market awaited the FED outcome, but it was active and the Canadian dollar was very strong… as was oil. The overall sentiment of the market was “risk on” as was...
by Michael Bridgman | Sep 17, 2021 | Forex Tips
The USD strength continued today and an entry long was taken in the USDCAD early in the U.S. session overlap – risking 20 pips for a potential 54 pips to our daily target at 1.2723. Buyers began entering near the Asian session low as the U.S. session got underway....
by Michael Bridgman | Sep 16, 2021 | Forex Tips
We have moved into the second half of September now and daily trading ranges continue to be much tighter than usual. September so far, looks a lot like August. The GBPUSD and the USDCAD continue to be my favourite two pairs to trade because they offer the best daily...
