EUR/JPY – Technical Analysis

Looking at the Euro versus the Yen, price has pulled back significantly since printing the post crisis high of 127.07 on September 1st. Below is a top down analysis of this pair starting on the daily chart. On the chart above, we can see a fib plotted from the start of the most recent bullishContinue reading “EUR/JPY – Technical Analysis”

USD/CAD – Technical Analysis

Today we’ll be going through the lower time frames on the U.S. dollar versus the Canadian dollar. With price continuing to create higher highs and higher lows, let us look at a potential long set-up. On the 4 hour chart above we can see that the neck line of the inverse head and shoulder asContinue reading “USD/CAD – Technical Analysis”

GBP/USD – Technical Analysis

The Bank of England decided to hold bank rates at 0.10% but also discussed the effectiveness of negative rates which has seen the pound fall significantly in the last two hours. Looking on the 4-hour chart above, we can see there was a pullback into the 78.6 as well as the key level of 1.30000Continue reading “GBP/USD – Technical Analysis”

USD/CAD – Uptrend Continues

U.S. oil prices have dropped since the beginning of last week as oil stockpiles in the US rose significantly. The weakening demand can be attributed to the coronavirus pandemic and although U.S. refineries have only gradually returned to operations since storms caused shutdowns around the Gulf of Mexico region, U.S. crude inventories still rose toContinue reading “USD/CAD – Uptrend Continues”

European Central Bank Looking to Hold Rates

There were 4 key monetary policy decisions made today at the ECB’s Monetary Policy Meeting. It was speculated that the ECB would consider cutting interest rates in order to combat the deflation that was seen in August, but the decision has been made to hold rates for now, therefore confirming their accommodative monetary policy. TheContinue reading “European Central Bank Looking to Hold Rates”

EUR/JPY – Updated Analysis

Welcome to another blog by AspireFX, today we will be covering what has taken place with the euro versus the yen since the last blog post. Starting on the 4-hour time frame with the same zones drawn in as the previous post, I was anticipating a move into 126.000 which was achieved as we canContinue reading “EUR/JPY – Updated Analysis”

EUR/JPY – Important Zones To Watch For

This morning the Eurozone released their Markit Composite and Services PMI’s which both came out positive. Comparing the latest release to the previous month’s data, we can see that there was a moderate growth in activity with Germany proving to be the best performing country during August. Looking at this pair on the daily timeContinue reading “EUR/JPY – Important Zones To Watch For”

USD/CHF – Updated Analysis

Following up on the analysis of the dollar versus the Swiss Franc, there was a wick rejection of the 78.6 indicated in yesterday’s blog post but towards the end of the US session, the dollar gained strength ultimately pushing this pair above the trend line drawn. Revisiting the daily time frame above, we can seeContinue reading “USD/CHF – Updated Analysis”

USD/CHF – Technical Analysis

With the dollar on the back foot after the Fed’s new inflation policy as well as money being pumped into safe havens let us look at the safe haven pair USDCHF below. Starting on the daily time frame above we can see that the overall structure of this pair is bearish. We can see thatContinue reading “USD/CHF – Technical Analysis”

USD/CAD – Updated Analysis

The announcement of the Fed wanting to maintain average inflation of 2% over time caused major volatility In various markets and ultimately sent saw the Canadian dollar gain on the U.S. dollar. On the 4 hour chart above we can see price fell short of the third touch of the trend line but structure wasContinue reading “USD/CAD – Updated Analysis”