by Michael Bridgman | Jun 11, 2021 | Forex Tips
As the dollar strengthened today, a long was taken in the USDCAD after it pulled back into its Asian session range and bounced higher. The entry required a risk of 13 pips for a potential 34 pips to our daily target at 1.2134. With the compressed ranges of the pairs...
by Michael Bridgman | Jun 10, 2021 | Forex Tips
The majors had some news to digest today as the U.S. jobless claims and CPI numbers were released. This was coupled with the ECB interest rate decision and President Biden’s meeting with U.K. Prime Minister Boris Johnson. As the U.S. S&P 500 attempted yet...
by Michael Bridgman | Jun 9, 2021 | Forex Tips
It’s been a very slow week with most major pairs trading in subdued ranges. After the Bank of Canada rate statement today, a long was taken in the USDCAD risking 14 pips for a potential 50 pips to our daily target at 1.2120. Price moved higher as the DXY moved...
by Michael Bridgman | Jun 3, 2021 | Forex Tips
The U.S. economy is very strong and posting some record high economic numbers. During the Asian session the GBPUSD moved lower and then pulled back in the early European/UK trading. Price moved up to test the 1.4200 figure but failed above. The pair moved lower...
by Michael Bridgman | Jun 2, 2021 | Forex Tips
The USDCAD moved up in advance of the U.S. session overlap then created a reversal pattern closing back down beneath its Asian session high… which enabled us to enter short (with the trend) risking 12 pips for a potential 58 pips to our daily target at 1.2022. ...
by Michael Bridgman | May 28, 2021 | Forex Tips
The DXY which has been struggling to stay above the 90.00 level of late, ran up to test its December 17th low around 90.47 in advance of the U.S. session. The U.S. equity futures pointed to a positive open and the USD began to reverse. Earlier in the U.K....
