by Michael Bridgman | Mar 12, 2021 | Forex Tips
As commodities continue to rise at this stage of the economic growth story, traders can look for setups in the CAD, AUD and NZD pairs. With oil performing very well this year and 70 percent of Canadian exports going to the U.S., the USDCAD has been very active as the...
by Michael Bridgman | Mar 11, 2021 | Forex Tips
The USDCAD moved higher early in the U.S. session overlap but could not close above yesterday’s low. A short was taken risking 18 pips for a potential 62 pips to our daily target at 1.2532. Price moved lower testing and retesting its Asian session low, down to...
by Michael Bridgman | Mar 9, 2021 | Forex Tips
The USD experienced selling pressure today while the GBPUSD oscillated up and down in a fairly tight range during the first half of the U.K. session. A long entry was taken after the pair made a third higher low and began to move higher in the U.S. session...
by Michael Bridgman | Mar 5, 2021 | Forex Tips
Firstly a big thank you to Travis for letting me know the site had briefly disappeared. A quick call to the webhost resolved the issue. USD bears may be reconsidering their positions after the very bullish NFP number today. Today there was nothing that appealed...
by Michael Bridgman | Feb 25, 2021 | Forex Tips
The GBPUSD could not sustain above its Asian session highs today. After the U.S. economic releases, the pair appeared to be rolling over and moving lower. This was despite the USD being weak today. Correlations were not very useful but a risk of 19 pips for a...
by Michael Bridgman | Feb 24, 2021 | Forex Tips
The recent rise in the GBPUSD makes one cautious when it comes to shorting the pair. After 4 lower highs today in advance of the U.S. session overlap a short was taking risking 16 pips for a potential 38 pips to our daily target at 1.4100. The idea was to take...
