GBPJPY Analysis
GBPJPY is moving in the Symmetrical triangle pattern and the market has rebounded from the bottom area of the pattern.
In a shocking turn of events, data reveal that the UK may be facing inflation as high as 22% by the end of the year. It is bad enough that they’re already facing record-breaking price hikes, but a 22% inflation is just going to be the last straw for many citizens.
GOLD Analysis
XAUUSD Gold price is moving in the Descending channel and the market has fallen from the lower high area of the channel.
It should come as no surprise that the majority of Russians, especially those without access to the internet, have no idea about the true nature of the war crimes that Russia is committing in Ukraine. They are made to believe that Russia is innocent in this war.
SILVER Analysis
XAGUSD Silver price is moving in the Descending channel and the market has fallen from the lower high area of the channel.
Did you know that the war between Ukraine and Russia has actually turned out to be a good thing for one particular country? Iran has significantly won in this war as it has helped it to achieve its foreign policy and national security objectives.
USDJPY Analysis
USDJPY is moving in an Ascending channel and the market has rebounded from the higher low area of the channel.
Japan is slowly easing travel restrictions once again after its recent battle with the Omicron wave. If you hold a Japanese nationality, you may once again enter and exit the country freely. Similarly, those with long-term visa status in Japan also face the same benefits.
USDCHF Analysis
USDCHF is moving in an Ascending channel and the market has rebounded from the higher low area of the channel.
Did you know that life expectancy in the US is significantly dropping? The reason is the COVID-19 virus. In a first-world country that is supposed to come with many health benefits, citizens are facing medical conditions considerably worse than those in third-world countries.
EURUSD Analysis
EURUSD is moving in an Ascending channel and the Market has fallen from the higher high area of the channel.
The EU is now facing a power struggle as a result of the war between Ukraine in Russia. We never thought we would see a time when EU members would be divided on the best course of action for any given scenario. However, it seems like they collectively aren’t able to do so.
GBPNZD Analysis
GBPNZD is moving in the Descending channel and the market has reached the Lower high area of the channel.
The housing industry in New Zealand seems to finally be on the mend as we can now see a 5% increase in building consents since the past month alone. This reveals that the economy is finally starting to recover from inflation and the looming COVID crisis.
AUDUSD Analysis
AUDUSD is moving in the Descending triangle pattern and the market has reached the horizontal support area of the pattern.
Australia is now facing the second biggest visa and skills shortage in the world. This has resulted in them now resorting to extreme measures like easing visa rules in order to attract more people into the country. Many job openings are yet to be filled.
AUDCAD Analysis
AUDCAD is moving in the Symmetrical triangle pattern and the market has fallen from the Top area of the pattern.
In order to support flood victims in Pakistan, Canada has now pledged to provide $5 million in humanitarian aid. This was part of a fundraising campaign by Pakistanis residing in Canada who felt like they needed to step in and do their part for the betterment of their home country.
CHFJPY Analysis
CHFJPY is moving in an Ascending channel and the market has reached the higher low area of the channel.
We have been informing you for the last couple of days how Switzerland is planning some energy-saving measures in order to ensure the country has enough gas for heating in the winter. They finally launched this campaign, and energy saving mode has now begun.
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