EUR/NZD – Downward Targets Achieved

Since the previous blog post on this currency pair, we’ve seen both downward targets of 1.70350 and 1.69900 achieved. Below we’ll take a look at how price played out from the previous blogs analysis. Looking at the how price played out on the updated hourly time frame, we can see that price started reversing justContinue reading “EUR/NZD – Downward Targets Achieved”

EUR/NZD – Technical Analysis

With the post Brexit deal still proving to be elusive as well as Europe experiencing their second wave of coronavirus, the euro has been experiencing a lot of downward pressure when compared to the Kiwi dollar. Looking on the daily time frame, we can see how using the double bodies on this time frame helpsContinue reading “EUR/NZD – 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”

EUR/NZD – Euro Facing Downside Risk

The eurozone economy grew rapidly in the third quarter posting a 12.7% growth in GDP over the last quarter but with coronavirus infections increasing and new restrictions being implemented, downside risk is likely to continue. Looking at the daily chart above, we can see that this pair was trending to the upside creating higher highsContinue reading “EUR/NZD – Euro Facing Downside Risk”

EUR/JPY – Potential Continuation to the Upside

Today, we will be going over the euro versus the Japanese yen. In the previous blog on this pair, we were looking at the psychological round number of 123.000 holding as support which was achieved. Price went on to create a higher high which saw a 160 pip move to the upside, coming a fewContinue reading “EUR/JPY – Potential Continuation to the Upside”

EUR/JPY – Updated Analysis

In the previous blog on this pair, we were looking at a pullback to complete a potential inverse head and shoulder. Although this was not achieved, once we had the candle closure above the ascending parallel channel, price went on to climb 150 pips to the upside. On the daily chart above, we had aContinue reading “EUR/JPY – Updated Analysis”

EUR/NZD – Technical Analysis

Today, we’ll be going over the Euro versus the New Zealand dollar with technical analysis starting on the daily time frame. On the daily chart above, we can see that a new high was made on the 23rd of September when the price closed above the previous high of 1.77850. Looking at the fib toolContinue reading “EUR/NZD – Technical Analysis”

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”

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”