by Michael Bridgman | Jun 9, 2020 | Forex Tips
The USD continues to move lower and test its December 2019 low, but has not closed beneath it. Tomorrow, all eyes will be on Federal Reserve Chair Jerome Powell and how the market will react to his speech. After the GBPUSD pulled back in the first half of the...
by Michael Bridgman | Jun 4, 2020 | Forex Tips
The USD has moved lower for 8 straight days. Today with the ECB news, I chose to stay away from the EURUSD. The GBPUSD and AUDUSD had greater upside to our daily targets. The GBPUSD required an initial 25 pip stop loss for a potential 74 pips to our daily...
by Michael Bridgman | Jun 3, 2020 | Forex Tips
The equity markets continue to move higher while the USD has continued lower now for 7 straight days. The EURUSD has been soaring upward. The falling USD has only been able to rise against the JPY as investors remain comfortable with risk… pricing in a strong...
by Michael Bridgman | May 29, 2020 | Forex Tips
Today was another day of USD weakness and it’s never wise to fight the market. Today a long was taken in the GBPUSD as it began to climb off its session lows – risking 19 pips for a potential 85 pips to our daily target at 1.2401. Price moved higher but failed...
by Michael Bridgman | May 27, 2020 | Forex Tips
The market is moving in both directions based on optimism or pessimism on any given day. This makes it hard to have conviction unless an important level holds or is taken out. The rally in the AUDUSD was unable to take out yesterday’s high and began to move...
by Michael Bridgman | May 21, 2020 | Forex Tips
The elusive close above the 1.1000 – 1.1020 level didn’t happen and sellers emerged today as the EURUSD tested the 1.1000 figure. Global bourses were lower today and the USD was moderately up…accompanied by the move lower in gold. A short setup was found...
