EURUSD Analysis
EURUSD is moving in an Ascending channel and the market has reached the higher high area of the channel.
The EU is looking to establish ties with Middle Eastern countries on the basis of obtaining oil and gas to survive winters. While they are also looking to fix ties with Russia to receive gas from them, this route is not reliable and so they need to explore other options as well.
Gold Analysis
XAUUSD Gold price is moving in the Rising wedge pattern and the market has reached the higher low area of the pattern.
Russia’s Putin is said to be forming an alliance with China’s Xin on a military basis. Both these individual countries are fighting wars that they started themselves and both of them are relying on each other for military weapons and other equipment.
USDCHF Analysis
USDCHF is moving in the Box pattern and the market has reached the horizontal support area of the pattern.
Switzerland has previously said that it’s going to focus more on climate change above all else. However, this Swiss nation is seen more focused on the ongoing FIFA World Cup that has taken over the entire globe. This is despite the cup doing more harm to their climate change campaign.
EURCAD Analysis
EURCAD is moving in the Box pattern and the market has reached the resistance area of the pattern.
Canada is still struggling with their immigration system. They keep adding new visas and visa requirements to the mix despite the immigration system already being backed by millions of applicants. It is unclear how they plan on resolving this problem.
EURCHF Analysis
EURCHF is moving in an Ascending channel and the market has reached the higher low area of the channel.
The EU has been reviewing applications for countries who want to be a part of the Schengen Agreement. It has recently revealed that Croatia is now a part of Schengen however, both Bulgaria and Romania have been rejected to join the agreement.
GBPCHF Analysis
GBPCHF is moving in an Ascending channel and the market has reached the higher low area of the channel.
The UK has teamed up with Japan and and Italy to build a world-class fighter jet. This fighter jet will be like no other and will serve to protect the region from any potential threats like the ongoing wars started by both Russia and Japan.
GBPNZD Analysis
GBPNZD is moving in the Descending channel and the market has reached the lower high area of the channel.
New Zealand’s prime minster Arden has recently said in a statement that China is become more resistant and pressurising New Zealand to allow them to use the region for trade. New Zealand and Australia both don’t want any part in this scenario.
AUDCHF Analysis
AUDCHF is moving in the Descending channel and the market has fallen from the lower high area of the channel.
Australia is hugely focused on the FIFA World Cup that is taking place in Qatar these days. Australians are the biggest cheerleaders of their nation. They support their nation through thick and thin. This is one country you don’t want to mess with in the World Cup.
CADJPY Analysis
CADJPY is moving in the Descending channel and the market has fallen from the lower high area of the channel.
Japan is currently finding itself in a difficult position as it is stuck in the middle of a war. China is battling with Taiwan and they are dragging Japan into it as well. Japan is looking to other nations for support as they are now building ties with Middle Eastern countries which they never did before.
Crude Oil Analysis
Crude Oil is moving in the Descending channel and the market has reached the lower high area of the channel.
China is the biggest consumer of crude oil products. This nation recently lifted the lock down situation after a series of protests that got out of hand. The people are fed up with the pandemic and they would just like to move on. Crude oil is now being consumed as usual.
Don’t trade all the time, trade forex only at the confirmed trade setups.
Get more confirmed trade setups here: forexgdp.com/buy/
