by Michael Bridgman | Mar 18, 2020 | Forex Tips
Trading is very active at the moment and trading ranges for the majors is expanding. With unidirectional moves, it makes it easier to be right. Trade with the trend. Economic news events scheduled each day are being overshadowed by the coronavirus pandemic and...
by Michael Bridgman | Mar 13, 2020 | Forex Tips
Headlines continue to be about the spread of the coronavirus. It’s mostly doom and gloom. Governments are making unprecedented moves to contain the virus and stimulate economies from the negative impact. Financial markets this week have sold off heavily. With...
by Michael Bridgman | Mar 11, 2020 | Forex Tips
There was a big sell-off in the GBPUSD when the Bank of England cut interest rates by 50 basis points today. The 50 bp cut is the same as what Australia, the U.S. and Canada did last week. Once the economic news releases were behind us today in the U.S. session...
by Michael Bridgman | Mar 10, 2020 | Forex Tips
The USDCAD has moved up over 800 pips this year. Despite the USD’s recent weakness, it’s been able to extend its gains against the CAD. The USD rebounded today against the majors and a long trade setup was found risking 25 pips for a potential 57 pips to our...
by Michael Bridgman | Mar 5, 2020 | Forex Tips
The AUDUSD and NZDUSD tend to trade in the same direction. Both pairs set up for a short today, but I preferred the Kiwi…risking 12 pips for a potential 68 pips to our daily target at .6254. As price moved lower we moved our stop loss lower and continued to do...
by Michael Bridgman | Feb 28, 2020 | Forex Tips
February’s final week of trading comes to a close with a surprise ending. Just over a week ago the U.S. equity benchmark S&P 500 made an all time high. The coronavirus seemed largely contained in China and last weekend with a major number of new cases reported in...
