GOLD Analysis
XAUUSD Gold price is moving in the Descending channel and the market has reached the Lower low area of the channel.
Russia was recently exposed for conducting and releasing a sham referendum. This referendum was meant to consider the opinions of the people on the topic of Ukraine and if the war should continue or not. It turns out Russia released fake results showing it should.
SILVER Analysis
XAGUSD Silver Price has broken the Box pattern in the downside.
Both the US and China are known to be enemies of each other as both want to become the superpower of the world. However, the US is willing to set aside their differences with China in hopes that China joins them in fighting against climate change which is their true enemy.
USDCAD Analysis
USDCAD is moving in an Ascending channel and the market has rebounded from the higher low area of the channel.
It seems like the living standards in the US have considerably dropped to a new low as more and more people are migrating to Canada to seek asylum. Recent data revealed that border crossing asylum seekers have reached a new six-year high in Canada.
USDJPY Analysis
USDJPY is moving in an Ascending channel and the market has reached the resistance area of the minor Box pattern inside the channel.
We recently revealed how Japan held a statewide funeral for the fallen ex-prime minister Abe who was killed in public while giving a speech. This funeral is going to change the course of things as the Japanese government is now going to use this as a tactic for their next campaign.
USDCHF Analysis
USDCHF is moving in an Ascending channel and the market has reached the higher high area of the channel.
It was recently revealed that Switzerland recorded one of the worst melting of glaciers they have ever seen since 2003. Over 6% of the glaciers in Switzerland had melted as a result of climate change. This unprecedented heatwave is going to continue causing havoc in the country.
EURUSD Analysis
EURUSD is moving in the Descending channel and the market has reached the Lower low area of the channel.
Many Russian citizens have fled the great Kremlin as they seek refuge in the EU. These Russians have fled through the Finnish and Estonian border crossings. It is believed that the number of Russians entering the country has jumped to 30 pct in a week.
GBPNZD Analysis
GBPNZD is moving in an Ascending channel and the market has rebounded from the higher low area of the channel.
The IMF is closely overlooking the growth of several countries in order to establish which country is worthy enough to give alone that will be paid back before deadlines. However, they have recently criticized the UK for failing to meet its growth goals and falling into recession.
AUDJPY Analysis
AUDJPY is moving in the Descending channel and the market has reached the lower low area of the channel.
Australia’s eastern states are more exposed than Western Australia to global price swings for fossil gas. Western Australia has reserved 15% of gas production in its region. It is being very frugal in its energy consumption. This is exactly how it has survived for this long without help.
NZDUSD Analysis
NZDUSD is moving in the Descending channel and the market has rebounded from the lower low area of the channel.
New Zealand Prime Minister Jacinda Ardern intends to continue a more pro-Western foreign policy strategy. As a result, she has seen a rise in her support part for the first time in so long. However, election season is eyeing her closely as her latest competitor is at the front lead.
AUDCHF Analysis
AUDCHF is moving in the Descending channel and the market has reached the lower low area of the channel.
As we’ve previously mentioned, the Swiss government is doing everything in their power to ensure that the nation does not run out of gas in the winter. They are constantly monitoring all pollution-causing agents like cars, etc. However, no official statement has been released.
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