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?”

USD Bulls In Full Force

After nearly a year of downside pressure on the dollar, we have finally begun to see relief in the world reserve currency. This comes as we see a massive rise in yields & Jerome Powell admitting we may have further inflation on the horizon, although he states the Fed will not react to rising rates.Continue reading “USD Bulls In Full Force”

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”

GBP/USD – Technical Analysis

The Bank of England decided to hold bank rates at 0.10% but also discussed the effectiveness of negative rates which has seen the pound fall significantly in the last two hours. Looking on the 4-hour chart above, we can see there was a pullback into the 78.6 as well as the key level of 1.30000Continue reading “GBP/USD – Technical Analysis”

USD/CHF – Swiss Franc Technical Analysis

Welcome to another blog by AspireFX. Today we’ll be doing a top down analysis on the Swiss Franc versus the US dollar. With the Swiss Franc being a safe haven currency and there being talk of the dollar weakening in the second quarter, let us look at potential downside movement. With it being a publicContinue reading “USD/CHF – Swiss Franc Technical Analysis”

USD/ZAR – Pullback Or Recovery On The Way?

Good day traders and welcome to another breakdown of USDZAR. Today, we’ll be taking a closer look at the fundamentals that coincide with the technicals that has been driving price downward.  On the weekly timeframe, there was an attempt at breaking the previous high of 19.33. A wick was left just short of that highContinue reading “USD/ZAR – Pullback Or Recovery On The Way?”