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”

Fundamentals for the Upcoming Week

Knowing what to expect in terms of news events for the week is crucial when trading as it gives you more insight into the market direction with the specific pairs you are trading. US and China postponed trade talks that were planned for the weekend past. They were supposed to review the progress made onContinue reading “Fundamentals for the Upcoming Week”

Monday Market Overview

Welcome to another blogpost by AspireFX, we’ll be doing an overview of what has been happening in the markets as well as what news events to look out for this coming week. US equities were trading above 10 000 most of last week but began taking a dip on Thursday as new reported coronavirus casesContinue reading “Monday Market Overview”

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”

GBP/JPY – Covid-19 Vaccine Updates & More

Good day and welcome back to another article traders. Today we are going to be providing an update on the prior article on GBPJPY and what we can expect next. In our prior article, we anticipated a move lower seeing a rejection on the 3rd bounce of the trend line and our favoured fibonacci levels.Continue reading “GBP/JPY – Covid-19 Vaccine Updates & More”

GBP/JPY – Potential Negative Rates & Safe Haven Flows

Good day traders and welcome back to another article from AspireFX. Today we will be going over the current themes effecting GBPJPY as well as the technical analysis. Looking at the weekly timeframe, we see a bearish marubozu the prior week closing back below the psychological key level of 130.000. Upon the opening of theContinue reading “GBP/JPY – Potential Negative Rates & Safe Haven Flows”

GBP/AUD – Major Sell Off On The Pound

Welcome back to another article from AspireFX. Today we are looking at the past movements on GBPAUD and where price could potentially head next. Starting on the weekly timeframe, we can see after a clear break of 1.95000 we had indecision printing a doji candle with properties of a bullish hammer. Since then we haveContinue reading “GBP/AUD – Major Sell Off On The Pound”

USOIL – Price Hits $0.00 & Even Further Below

USOIL has presented us with a modern day black swan as of yesterday with prices crashing through the floor of $0.00, with the lowest chart reading of $0.01 and contracts reaching roughly -$40 per barrel. For those of you who don’t know what a black swan is, it is an event with the 3 followingContinue reading “USOIL – Price Hits $0.00 & Even Further Below”