by Michael Bridgman | Jun 30, 2020 | Forex Tips
Month end tends to be volatile with exaggerated moves in either direction often appearing to be quite random. Although the EURGBP has been trending upward, the Euro was looking weak today and it was Sterling that was looking strong. A short was taken after the...
by Michael Bridgman | Jun 29, 2020 | Forex Tips
Mondays tend to be tricky days to trade. The EURUSD tried to climb higher today but stalled around 1.1285 and a short trade was taken risking 15 pips for a potential 69 pips to our daily target at 1.1205. As the pair moved lower, it picked up momentum after...
by Michael Bridgman | Jun 26, 2020 | Forex Tips
It was a slow week for me with a small GBPUSD gain Wednesday, that ran after we had closed the trade during some whipsaw action. Today however the trading was very worthwhile. A GBPUSD short was taken early in the U.S. session overlap, risking 18 pips for a...
by Michael Bridgman | Jun 19, 2020 | Forex Tips
The USD has moved up four sessions in a row as the DXY attempts a close above 97.50. The GBPUSD has moved lower this week particularly after the B.O.E. news yesterday. Brexit will continue to weigh on trader sentiment toward the pair through month end. After...
by Michael Bridgman | Jun 16, 2020 | Forex Tips
The AUDUSD started to move down today during the U.S. session overlap testing its Asian session low. The candle that tested the low left a long lower wick indicating buyers were entering at that level. A glance at the DXY showed USD strength was increasing. As...
by Michael Bridgman | Jun 12, 2020 | Forex Tips
After falling precipitously since May 26th, the USD has bounced as equity markets recalibrate following Fed Chair Powell’s remarks on Wednesday. The big question remains how economies will adjust following the pandemic coronavirus outbreak. Will reopening of...
