USD/CAD – OPEC Meetings, Oil Supply Cuts & Dollar Flooded Market

Good Afternoon and welcome back to Aspire FX traders. As it is a new week, we shall be looking at the higher timeframes as well as looking at the prior weekly close. To begin the analysis of USD/CAD on the quarterly chart. As we can see on the quarterly chart, we have seen a bullishContinue reading “USD/CAD – OPEC Meetings, Oil Supply Cuts & Dollar Flooded Market”

AUD/USD – Can The RBA Save The Economy ?

With the recent spike across the board for the Aussie, it was only right to make an update on the current status of the Australian Dollar. Before we look into the liquidity seen today, let’s break down the AUD/USD charts from top down. Looking at the quarterly chart, we can immediately spot a level ofContinue reading “AUD/USD – Can The RBA Save The Economy ?”

GBP/USD – Could Sterling Recover After All Time Lows ?

Good evening traders and welcome back to another article where we will be looking at the Pound against the US Dollar. As we make our way into a new quarter, it is useful to look at the quarterly chart to get a sense of where price is headed and where we have came from. LookingContinue reading “GBP/USD – Could Sterling Recover After All Time Lows ?”

XAU/USD – Major Level , Break Or Bounce ?

Let’s look at the almighty safe haven Gold. The precious metal is currently trading at 1610.50 at the time of writing the article. After seeing the massive selloff in gold as investors hurried to get cash on hand in fear of a recession and massive crash in the stock market , we saw the safeContinue reading “XAU/USD – Major Level , Break Or Bounce ?”

GBP/AUD – A New Leg Into 2.03500 & Beyond ?

We’re starting on the 4 Hour timeframe today and we’re looking at GBPAUD. What we can notice first off is that we’ve printed a new higher high at the price of 2.03400. Since then we’ve seen a reversal and retracement back into the price regions of 1.98900 where we have a clear level of support.Continue reading “GBP/AUD – A New Leg Into 2.03500 & Beyond ?”

USD/JPY – Could We Be In For New Lows ?

Beginning on the monthly, we have a descending channel dating back to January 2017. As of February, we retested this descending trendline and again this month, leaving two wick rejections into the highs. Taking a look at the prior candle closures, we can see a slowdown and rejections into the highs, with Doji candlestick formations. Let’sContinue reading “USD/JPY – Could We Be In For New Lows ?”