GBPUSD Analysis
GBPUSD is moving in the Descending channel and the Market has fallen from the Lower high area of the channel.
As the cost of living continues to increase in the UK, the BOE is in hot waters as the people no longer believe that it is able to control the inflation period as a result, many Brits are now making significantly large cash withdrawals as they believe their money is safer with themselves.
Gold Analysis
XAUUSD Gold price is moving in the Descending channel and the Market has reached the Lower high area of the channel.
In a surprising turn of events, it is now Russia that is struggling in the war between Russia and Ukraine. It was recently revealed that the death toll of Russia’s soldiers in Ukraine is significantly rising and is set to break world records.
Silver Analysis
XAGUSD Silver price is moving in the Descending channel and the market has reached the Lower high area of the channel.
As many different countries are continuing to place sanctions on Russia, the Ukrainian president has now made a proposal saying that the next sanction should be a ban to travel to Russia. Russia’s president thinks this is absurd however, this seems to be a good idea.
USDCAD Analysis
USDCAD is moving in the Descending channel and the Market has fallen from the Lower high area of the channel.
Climate change is having a big impact in Canada as we are now seeing that the Canadian province of Newfoundland and Labrador have declared emergencies as they are facing the worst wildfires in over 50 years.
USDJPY Analysis
USDJPY is moving in an Ascending channel and the market has rebounded from the higher low area of the channel.
Just yesterday we talked about how China has been at war with Taiwan and Japan is struggling as they are being dragged into it as well. Today we found out that Japan is angered as China is now having military exercises around Taiwan which is bad for the defense of Japan as well.
USDCHF Analysis
USDCHF is moving in the Box Pattern and the Market has reached the horizontal support area of the pattern.
One by one, we are seeing many different countries getting the arrival of grain shipments from Ukraine. This is all thanks to Turkey who previously had talks with Russia to allow grain shipment to the rest of the world. Today it was Switzerland that received their shipment.
EURAUD Analysis
EURAUD is moving in the Symmetrical triangle pattern and the market has rebounded from the Bottom area of the pattern.
Why many different European countries are fighting to become on the list of the EU, we are now seeing that Hungary wants to leave the EU following the footsteps of the UK. It is unclear if they will actually do this but, it seems as though it might happen very soon.
EURNZD Analysis
EURNZD is moving in the symmetrical triangle pattern and the market has fallen from the Top area of the pattern.
New Zealand is soon to face its election season and it is not looking good for the current president of New Zealand Arden. New Zealand’s current Prime Minister is facing one of the lowest approvals or votes since 2017. People no longer trust her to lead the country.
GBPCHF Analysis
GBPCHF is moving in the Descending triangle pattern and the Market has rebounded from the horizontal support area of the pattern.
In light of the recent inflation crisis in the UK, many businesses in the UK had to be shut down. As a result, the self-employed people in the UK have significantly decreased which is very surprising as the UK that one of the largest self-employed people in the world
AUDCHF Analysis
AUDCHF is moving in the Symmetrical triangle pattern and the market has rebounded from the Bottom area of the pattern.
It was very surprising when it was revealed that Australia’s businesses are actually doing pretty well. This is despite the increasing inflation in the country and the rest of the world. Although businesses are doing well, the costs have been significantly high.
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