USDCAD – USOIL Daily Closure Above $40

Welcome traders to yet another AspireFX blog, today we’ll be looking at USDCAD. Since we recently had USOIL closing above $40 on the daily time frame, let us look at what affect that has had on USDCAD. Looking at USDCAD on the 4 hour time frame, can see that we are currently in a risingContinue reading “USDCAD – USOIL Daily Closure Above $40”

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”

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”

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”