USDCAD – USOIL Daily Closure Above $40

Welcome traders to yet another AspireFX blog, today we’ll be looking at USDCAD. Since we recently had USOIL closing above $40 on the daily time frame, let us look at what affect that has had on USDCAD. Looking at USDCAD on the 4 hour time frame, can see that we are currently in a risingContinue reading “USDCAD – USOIL Daily Closure Above $40”

XAUUSD – Safe Havens

What Are Safe Havens?Good day traders and welcome to another blog post by AspireFX. You may have seen or heard the term safe haven before but have yet to understand or fully grasp the concept. It’s especially important to understand the role save havens play when analyzing the market as it can be used asContinue reading “XAUUSD – Safe Havens”

USD/JPY – Important Levels To Look Out For!

Welcome back to another blog by AspireFX. Today we’ll be looking at USDJPY and to be more specific we’ll be looking at how pivotal certain key areas between the 108.000 – 106.000 region are when analyzing this pair. There are, of course, outliers as you will see and those are mainly fundamentally driven moves butContinue reading “USD/JPY – Important Levels To Look Out For!”

GBP/USD – Potential Upside?

Welcome to another blog by AspireFX. Today we’ll be looking at the pound versus the US dollar. We’ll be doing a top down analysis on this pair focusing mainly on the technicals involved. Looking on the daily time frame, we can see how pivotal 1.24500 level has been over the last few weeks as itContinue reading “GBP/USD – Potential Upside?”

USD/CAD and USOIL – Update

Welcome to another blog by Aspirefx. USDCAD went on to print new lows this past week, closing below 1.34000 a few times which from a technical aspect suggested further downside movement however from a fundamental perspective the fears of the impact the second wave of corona virus are rising as well as the swift implementationContinue reading “USD/CAD and USOIL – Update”

Psychology – Mindset Matters

Welcome back to another blog by AspireFX. Today we’re going to be discussing the importance of having sound psychology especially during these turbulent times. If you are unable to manage yourself and your emotions, you’ll struggle to manage your trades as well. You need to ensure your mind is in gear with the markets otherwiseContinue reading “Psychology – Mindset Matters”

GBP/AUD – Strong Aussie Dollar On The Way!

Welcome back to another blog by AspireFX. We’ll be taking a look at how GBPAUD has been moving steadily to the downside as confidence returns to the Australian dollar. Looking at the weekly time frame we can see that the support levels mentioned in the previous GBPAUD article has been completely smashed. There was someContinue reading “GBP/AUD – Strong Aussie Dollar On The Way!”

USD/CAD – DOWNSIDE TREND CONTINUES

Good day and welcome to an update on USDCAD. We’ll start by taking a look at the higher time frames to get a bird’s-eye view of price action to see where exactly the fundamentals have been driving price over the last few months. With USDCAD and USOIL having such a close correlation due to CanadaContinue reading “USD/CAD – DOWNSIDE TREND CONTINUES”

USD/ZAR – Pullback Or Recovery On The Way?

Good day traders and welcome to another breakdown of USDZAR. Today, we’ll be taking a closer look at the fundamentals that coincide with the technicals that has been driving price downward.  On the weekly timeframe, there was an attempt at breaking the previous high of 19.33. A wick was left just short of that highContinue reading “USD/ZAR – Pullback Or Recovery On The Way?”

USOIL – Recap , Fresh Highs Ahead

Good day and welcome to a recap of the most recent news and price action regarding USOIL. Governments worldwide are in the process of easing lockdown restrictions which is a positive for the oil market. More companies/business will finally be able to operate which will lead to an increase in fuel consumption. Added to this,Continue reading “USOIL – Recap , Fresh Highs Ahead”