by Michael Bridgman | Feb 22, 2021 | Forex Tips
A fairly simple trade to begin the trading week. During the U.S. session overlap the AUDUSD moved higher, pulled back for a two candles and moved higher off its trendline. A long was taken risking 12 pips for a potential 25 pips to our daily target at .7917 –...
by Michael Bridgman | Feb 16, 2021 | Forex Tips
The USD has been showing strength versus the JPY since rebounding from a test of 104.40. Today the test would be the 105.50 level that would be telling. After initially moving lower early in the U.K. session the pair reversed higher and a long was taken risking...
by Michael Bridgman | Feb 12, 2021 | Forex Tips
The USD has been under pressure this week and so far 90.25 has held for the DXY. It’s been awhile since trading was as slow as it was this week. Ranges have been very subdued and Chair Powell’s dovish speech did little to attract USD bulls. Today the USD showed...
by Michael Bridgman | Feb 4, 2021 | Forex Tips
The USD continued higher today and gold continued its move lower. A short was taken in the AUDUSD risking 11 pips for a potential 43 pips to our daily target at .7575 (not shown). Price moved lower stopping at the .7600 figure where it found some buyers, then...
by Michael Bridgman | Feb 2, 2021 | Forex Tips
It was an interesting way to begin the month of February with the USD, equities, bonds, gold and oil all moving higher yesterday. Today with equities up again, the USD was still able to move higher. Gold did not fare as well, but oil is continuing upward. The...
by Michael Bridgman | Jan 29, 2021 | Forex Tips
This pair typically trades well during the North American session because it’s the currencies of two trading partners in the same time zones. Today the pair set up nicely for a short two hours into the U.K. session… requiring risk of 14 pips for a potential 79...
