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”

EUR/NZD – Euro Risk Remains

Europe is turning to mass testing to contain the pandemic that has forced nations into lockdowns which cannot be sustained. Over the course of the past weekend, Slovakia attempted to test its entire adult population and the surrounding nations are looking to follow suit. On the 4-hour time frame, with the same fib placed asContinue reading “EUR/NZD – Euro Risk Remains”

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”

GBP/AUD – Strong Aussie Dollar On The Way!

Welcome back to another blog by AspireFX. We’ll be taking a look at how GBPAUD has been moving steadily to the downside as confidence returns to the Australian dollar. Looking at the weekly time frame we can see that the support levels mentioned in the previous GBPAUD article has been completely smashed. There was someContinue reading “GBP/AUD – Strong Aussie Dollar On The Way!”

USD/CAD – DOWNSIDE TREND CONTINUES

Good day and welcome to an update on USDCAD. We’ll start by taking a look at the higher time frames to get a bird’s-eye view of price action to see where exactly the fundamentals have been driving price over the last few months. With USDCAD and USOIL having such a close correlation due to CanadaContinue reading “USD/CAD – DOWNSIDE TREND CONTINUES”