GBPUSD Analysis
GBPUSD is moving in the Descending channel and the market has reached the lower high area of the channel.
Lizz Truss is a top contender who may become the next prime minister of the UK very soon. However, she is against the Brexit deal that was established previously. The EU is urging her to abide by the deal. However, it is unclear what her intentions are.
GOLD Analysis
XAUUSD Gold price is moving in the Descending channel and the market has fallen from the lower high area of the channel.
Russia is slowly running out of military equipment to support the war they started in Ukraine. They did not think that the war would last this long. As a result, they are now being supplied with military weapons from North Korea to help them in the war.
SILVER Analysis
XAGUSD Silver Price is moving in the Descending channel and the market has reached the lower high area of the channel.
Russia has acquired a part of Ukraine, and they are now discussing whether or not they want to destroy it or make it a part of Russia. There was supposed to be a vote on this decision; however, the vote was postponed due to security concerns.
USDJPY Analysis
USDJPY is moving in an Ascending channel and the market has reached the higher high area of the channel.
Several weeks ago, we mentioned how Japan’s former prime minister Abe was shot while giving a speech. In his remembrance, they are now hosting a state funeral which will cost $10 million. While the state funeral is a good gesture, the excessive spending is not.
USDCHF Analysis
USDCHF is moving in an Ascending channel and the market has rebounded from the higher low area of the channel.
Switzerland is following in the footsteps of the EU by placing further sanctions on Russia. The latest of these sanctions is a ban on the importation of medical products from Russia. There are only rare circumstances when these products would be allowed in the country.
EURUSD Analysis
EURUSD is moving in the Descending channel and the market has fallen from the lower high area of the channel.
Members of the Ukrainian government are continuing to push for support in times of need. We recently saw the Ukrainian prime minister Denys at an EU meeting in Brussels, where he made his case as to why the EU should continue to fight for Ukraine.
GBPCAD Analysis
GBPCAD is moving in the Descending channel and the market has rebounded from the lower low area of the channel.
Just yesterday, we revealed some horrifying news where an individual went on a stabbing spree and caused the deaths of several people. What’s even more horrifying is that this individual is still on the loose as the authorities haven’t located him yet.
GBPAUD Analysis
GBPAUD is moving in the Falling wedge pattern and the market has reached the lower high area of the pattern.
Just recently, we revealed how the Australian government has eased visa guidelines in order to push more people to migrate to the country that is facing a huge labor shortage. However, the Aussies are not very welcoming of foreigners unless they are only temporary.
GBPNZD Analysis
GBPNZD is moving in the Descending channel and the market has reached the lower high area of the channel.
In a surprising turn of events, New Zealand faced a snowstorm after a very warm couple of years. This snow comes even before the winter season even begins, which is what has shocked people worldwide. The only thing this concludes is that climate change is real.
CHFJPY Analysis
CHFJPY is moving in an Ascending channel and the market has reached the higher high area of the channel.
Even though there have been rising price hikes in Japan, household spending has not decreased, which reveals that people have no choice but to buy their necessary products. The rise in COVID-19 cases in the country has also not reduced household spending.
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