Trading Psychology

Simply put, trading psychology is the mental state of traders when making decisions in the market. Traders can be divided into three groups: buyers, sellers, and undecided. Buyers want to pay as little as possible, and sellers want to charge as much as possible. An essential part of becoming a successful trader is understanding andContinue reading “Trading Psychology”

Indices Weekly Market Outlook

Last week was quite a choppy week in US indices with huge movements to the up and downside within the Tech and Industrial sectors. We saw the Dow Jones (US30) create new all time highs as well as NASDAQ making a recovery after having quite the selloff in the week prior. We saw VIX, alsoContinue reading “Indices Weekly Market Outlook”

Oil Super Cycle In Motion?

After witnessing the black swan event of 2020, seeing oil prices fall below $0.00, we have seen a massive rebound for the liquid commodity. Last year, we saw a massive shock to supply & demand as we had too much oil and too little demand with global lockdowns being enforced. In 2021, we may seeContinue reading “Oil Super Cycle In Motion?”

GBP/USD – UPSIDE TARGETS FOR THE FALLING POUND

Having a look at GU, its been an interesting week. Since the last article that was on GBPUSD and it reaching into resistance, the pair has fallen an incredible 400+ pips. Today we going to be looking at why that happened, and where we heading next on the Pound.  Analyzing GBP/USD fundamentally, we believe thatContinue reading “GBP/USD – UPSIDE TARGETS FOR THE FALLING POUND”

Tech Stocks Sell Off

After weeks and weeks of bullish momentum, we have finally seen fresh session lows printed on the NASDAQ with an 11% drop from the All Time Highs at the time of writing. Is this the stock market reset many have anticipated because of rising yields or is this simply the time to buy the dipContinue reading “Tech Stocks Sell Off”

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”