USD/CAD – Technical Analysis

Today we’ll be going through the lower time frames on the U.S. dollar versus the Canadian dollar. With price continuing to create higher highs and higher lows, let us look at a potential long set-up. On the 4 hour chart above we can see that the neck line of the inverse head and shoulder asContinue reading “USD/CAD – Technical Analysis”

USD/CAD – Uptrend Continues

U.S. oil prices have dropped since the beginning of last week as oil stockpiles in the US rose significantly. The weakening demand can be attributed to the coronavirus pandemic and although U.S. refineries have only gradually returned to operations since storms caused shutdowns around the Gulf of Mexico region, U.S. crude inventories still rose toContinue reading “USD/CAD – Uptrend Continues”

USD/CAD – Updated Analysis

The announcement of the Fed wanting to maintain average inflation of 2% over time caused major volatility In various markets and ultimately sent saw the Canadian dollar gain on the U.S. dollar. On the 4 hour chart above we can see price fell short of the third touch of the trend line but structure wasContinue reading “USD/CAD – Updated Analysis”

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 and USOIL – Update

Welcome to another blog by Aspirefx. USDCAD went on to print new lows this past week, closing below 1.34000 a few times which from a technical aspect suggested further downside movement however from a fundamental perspective the fears of the impact the second wave of corona virus are rising as well as the swift implementationContinue reading “USD/CAD and USOIL – Update”

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 – Recap , Fresh Highs Ahead

Good day and welcome to a recap of the most recent news and price action regarding USOIL. Governments worldwide are in the process of easing lockdown restrictions which is a positive for the oil market. More companies/business will finally be able to operate which will lead to an increase in fuel consumption. Added to this,Continue reading “USOIL – Recap , Fresh Highs Ahead”

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”