USDJPY Analysis
USDJPY is moving in the Descending channel and the Market has reached the Lower high area of the channel.
Dolphins in Japan seem to be reacting to something as they’ve gone rogue and started to attack swimmers on nearby beaches. It was revealed that these dolphins have even bitten a few swimmers which is why Japanese beaches are now on high alert.
Gold Analysis
XAUUSD Gold price has broken the Ascending channel in Downside.
It seems as though Russia is finally feeling the impact of the war as Ukraine is now gaining the strength to fight back. As a result, Russia is now becoming careless with its weapons and Ukraine revealed that there was a dangerous radiation incident with the nuclear plant.
Silver Analysis
XAGUSD Silver Price is moving in the Descending channel and the market has fallen from the Lower high area of the channel.
We’re seeing a pattern in this war between Russia and Ukraine where Russia would occupy the land of Ukraine only for Ukraine to later seize that land back. This has happened several times and now, Ukraine is determined to take back the South.
USDCHF Analysis
USDCHF is moving in an Ascending channel and the Market has rebounded from the higher low area of the channel
Switzerland previously used natural gas as an energy resource for its power plants and turbines. However, due to the shortage of this energy resource, they are now looking to use alternative sources such as crude oil to generate power in these plants.
EURUSD Analysis
EURUSD has broken the Ascending channel in Downside.
It was recently revealed that Poland is no longer going to be supporting the EU in their active campaigns especially the current one in Brussels. This is mainly because the EU has not fulfilled its promise of providing Poland with millions of euros in COVID relief funds.
GBPUSD Analysis
GBPUSD is moving in the Box pattern and the Market has reached the Horizontal support area of the Pattern.
The UK is now the first country to approve booster shots specifically designed for the Omicron virus. This is a big step in finding a long-term preventative measure for this virus and will change the lives of millions around the world.
GBPNZD Analysis
GBPNZD is moving in the Descending channel and the Market has reached the Lower high area of the channel.
There were rumors going around that New Zealand is no longer going to supply China with meat due to the ongoing tensions between the two countries. However, New Zealand reveals that this news is false and that the supplies are still going smoothly.
CADJPY Analysis
CADJPY is moving in the Box Pattern and the Market has rebounded from the Horizontal support area of the pattern.
It seems like the impact of the inflation crisis is hitting the core of the manufacturing industry as it was revealed earlier today that the manufacturing sales in Canada are down by 0.8% in June. The Bank of Canada is struggling to control the crisis in the country.
CADCHF Analysis
CADCHF is moving in the Descending channel and the Market has reached the Lower high area of the channel.
Switzerland is quickly regaining its tourist badge as the country has been receiving a great influx of tourists ever since it opened its borders to tourism once again after the pandemic. This is going to immensely help the economy.
AUDNZD Analysis
AUDNZD is moving in an Ascending triangle pattern and the Market has rebounded from the higher low area of the pattern.
Just yesterday we revealed how the former prime minister of Australia held several secret roles in the ministry, this update turns out to be true. Yesterday it was just a rumor but sources in the government reveal that the former prime minister is in fact guilty.
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