USD/CHF – Technical Analysis

With the weakening of the dollar that we have seen since the end of last week, there has been significant strength in this safe haven pair. On the daily chart above, we can see that price was consolidating below the highlighted region, 0.91800, which was acting as resistance before breaking to the upside with priceContinue reading “USD/CHF – 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/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”

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”

USD/CHF – Swiss Franc Technical Analysis

Welcome to another blog by AspireFX. Today we’ll be doing a top down analysis on the Swiss Franc versus the US dollar. With the Swiss Franc being a safe haven currency and there being talk of the dollar weakening in the second quarter, let us look at potential downside movement. With it being a publicContinue reading “USD/CHF – Swiss Franc Technical Analysis”

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!”

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”

USOIL – The Bulls Are Back

Good day and welcome back to another article from AspireFX. Over the course of the last month, USOIL has rebounded from below $0 a barrel and is now trading above the $30 mark. From a statistical stand point, this is nearly a 50% recovery since the beginning of 2020, where USOIL was $65 per barrel.Continue reading “USOIL – The Bulls Are Back”