USD/JPY – Technical Outlook

USDJPY has recently closed above a major key level for the first time since the end of July. Below, I’ll do a top down analysis on this pair starting at the daily time frame. Looking at the chart above, we can see that we’ve recently closed above the major key level of 106.500. Looking atContinue reading “USD/JPY – Technical Outlook”

CHFJPY – Update

Welcome to another blog by AspireFX. Today, we’ll be looking at what happened with CHFJPY over the course of the week. Looking back at the analysis done earlier in the week, we can see that this pair fell 130 pips once the retest of the trend line was confirmed illustrated above by the the highlightedContinue reading “CHFJPY – Update”

GBP/JPY – Potential Scenarios

Welcome to another AspireFX blog. Today we’ll be looking at the Pound versus the Yen and the potential moves we could see as this week comes to a close as well as heading into next week. Looking on the 4 hour chart above, we can see we’ve been trending to the downside between two descendingContinue reading “GBP/JPY – Potential Scenarios”

DXY – COVID-19 Concerns Causing Dollar Weakness

Welcome to another AspireFX blog. We’ve seen the majority of dollar data come out positive as of late which leaves the question to be asked, what is actually causing dollar weakness across the board? There has been a surge in new COVID-19 cases reported in the US which has caused the dollar to take aContinue reading “DXY – COVID-19 Concerns Causing Dollar Weakness”

USDZAR – Higher Low Finally Formed

Welcome to another AspireFX blog, we will be going through some technical analysis on the South African Rand versus the US Dollar as well as which fundamentals will come into play this week. On the daily time frame, placing the Fibonacci tool from where price gapped to the upside at the beginning of the currentContinue reading “USDZAR – Higher Low Finally Formed”

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?”

GBP/AUD – Prime Minister Boris Hospitalised, Poor Data & An Everlasting Brexit

Good day traders and welcome back to another market breakdown on the currency pair GBPAUD. Let’s recap the rollercoaster of a week we’ve had so far. After slowing down around the regions of 2.05000, we saw a decline before last weeks closure. In anticipation of further downside, we had our analysis plot with sell limitsContinue reading “GBP/AUD – Prime Minister Boris Hospitalised, Poor Data & An Everlasting Brexit”