USD/CAD – Technical Analysis

The US dollar has come under a lot of pressure in recent weeks and with oil trading above $45 for the first time since the oil market crashed in the beginning of the year, let us look at potential short positions on this pair. Looking on the daily time frame, we can see that yesterdaysContinue reading “USD/CAD – 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”

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”

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”