EURGBP Analysis
EURGBP is moving in the Box pattern and the market has fallen from the resistance area of the Box pattern.
Keeping the recent geopolitical tensions in the EU in mind, the EU now wants to increase security in the region over the next five years. They want to ensure that there is no uncertainty around the topic of safety for the citizens of the EU.
GOLD Analysis
XAUUSD Gold price is moving in the Descending channel and the market has rebounded from the lower low area of the channel.
People who were previously backing Russia in the war against Ukraine have now turned against the Kremlin by revealing that the entire war did not go as planned, and it seems like Russia is now making a fool of itself. They need to end it one way or the other immediately.
SILVER Analysis
XAGUSD Silver price is moving in the Descending channel and the market has fallen from the lower high area of the channel.
China has recently faced great controversy for its role in supporting Russia in the war against Ukraine. While the Chinese government has previously denied holding such a role, they recently revealed that their reasoning is strategic and of significant importance.
USDCHF Analysis
USDCHF is moving in the Descending channel and the market has reached the lower high area of the channel.
Recently we revealed how Japan is rapidly becoming a crypto world dominator. They have recently revealed their plans to base one of their crypto giants out of Switzerland. This mutual partnership will immensely benefit the relationship between these two countries.
EURJPY Analysis
EURJPY is moving in an Ascending triangle pattern and the market has rebounded from the higher low area of the Ascending triangle pattern.
Recently we revealed how ex-Japanese prime minister Able had a funeral that was attended by many. However, this funeral was seen as controversial, and several protestors demanded the cancellation of the funeral because Abe was a very disliked person in the country.
EURAUD Analysis
EURAUD is moving in the Descending triangle pattern and the market has fallen from the Lower high area of the triangle pattern.
Since the Queen also ruled over Australia, her death brought uncertainty to this island nation as well. Australians are now debating whether they even need a monarch to rule their nation. They don’t believe that the monarchy plays much of a role in Australia.
GBPUSD Analysis
GBPUSD has broken the Descending channel in Downside.
Just a while ago, the UK government had plans to enforce a corporate tax hike as well as place a cap on banker bonuses. However, they have recently scrapped and lifted both these rulings as the citizens are already struggling to pay their current bills as is.
GBPCAD Analysis
GBPCAD is moving in the Descending channel and the market has reached the lower low area of the channel.
As Queen Elizabeth II was also head of state in Canada since Canada is a member of the Common Wealth, her death was grieved in this maple country as well. Canadians pay tribute to the Queen, who played a major role in the history of Canada and where it stands today.
GBPNZD Analysis
GBPNZD is moving in the Descending triangle pattern and the market has reached the horizontal support area of the pattern.
While New Zealand has no plans to cooperate with China, it seems like Australia may finally be cracking as they are now considering to seek stable ties with China. They believe China holds great power and that it is only beneficial to be on its good side.
AUDCHF Analysis
AUDCHF is moving in the Descending triangle pattern and the market has rebounded from the horizontal support area of the pattern.
The Reserve Bank of Australia is under hot waters for failing to secure the inflation crisis in the country. As a result, the RBA now has to increase interest rates once again. It is expected that the RBA will increase rates by 0.5 basis points, just as last time.
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