USDJPY Analysis
USDJPY is moving in an Ascending triangle pattern and the market has reached the higher low area of the pattern.
Japan has been promoting their newly developed tourism sector quite intensely. They have removed several restrictions to motivate foreigners to enter the country. However, what they failed to mention is that Japan is still facing strict lockdown protocols which have to be followed.
Gold Analysis
XAUUSD Gold price is moving in the Descending channel and the market has reached the lower low area of the channel.
We previously mentioned how China is now supporting Russia in the war against Ukraine. However, this was suppose to be private news but Russia made it public. As a result, China now faces threats of a Ukraine invasion which is making them rethink their decision to support Russia.
Silver Analysis
XAGUSD Silver price is moving in the Descending channel and the market has fallen from the lower high area of the channel.
Recently there was a viewing of the Queen’s coffin where several delegates from all over the world were invited to the ceremony. However, we found out that the Chinese delegates were banned from the viewing and we believe it has something to do with their support of Russia in the war.
USDCHF Analysis
USDCHF is moving in an Expanding channel and the market has reached the higher high area of the channel.
In order to place further sanctions on Russia, Switzerland along with many other EU countries have stopped accepting Russian visa requests to enter the country. However, today we found out that Switzerland lifted this sanction and is now accepted Russians into the country.
EURUSD Analysis
EURUSD is moving in the Box pattern and the market has rebounded from the horizontal support area of the pattern.
Recently we revealed how the EU is moving towards more safer working conditions for the labour force by shutting down all organisations using inhumane working conditions. However, the repercussions that follow mean that these labourers will now be without jobs and on the streets.
GBPUSD Analysis
GBPUSD is moving in the Descending channel and the market has reached the lower low area of the channel.
Much of the UK still find it hard to believe that the Queen is no longer in power and that she died in her home in Switzerland. The people are also quite suspicious on how quickly the royal family seems to have moved on seeing that King Charles has resumed duties without a day off.
CADCHF Analysis
CADCHF is moving in the Descending channel and the market has reached the lower low area of the channel.
In order to motivate more people to settle in Canada, the Canadian government has announced a new investor visa that allows you to receive residency and citizen upon making a certain amount of investment in the country. However, this is placing more burden on the visa system.
AUDUSD Analysis
AUDUSD is moving in the Descending triangle pattern and the market has reached the horizontal support area of the pattern.
We recently revealed how Australia is planning on no longer being associated with the monarchy after the Queen’s death. However, not everyone is on board with this decision. Part of the country is in favour of separation from the monarchy but the other part does not like this idea.
NZDUSD Analysis
NZDUSD is moving in the Descending channel and the market has reached the lower low area of the channel.
Just yesterday we revealed how they caught a suspect in the recent suitcase murder incident in New Zealand. However, the women is denying all claims that she was part of the incident despite strong evidence that links her to the incident. This is bad for the ties between Korea and New Zealand.
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