AUDUSD Analysis
AUDUSD is moving in the Descending triangle pattern and the market has reached the horizontal support area of the pattern.
Australia is a country that takes pride in its sports. They ensure that their teams take part in all the major events and they take these events very seriously. Currently the public is busy with both football and cricket and they’re doing very well which is celebrated across the country.
Gold Analysis
XAUUSD Gold price is moving in the Box pattern and the market has rebounded from the horizontal support area of the pattern.
Ukraine’s situation is not looking good as they are once again running out of military equipment to defend themselves. Several countries that used to provide funding to Ukraine are now struggling to keep up with inflation themselves so it seems like Ukraine is now left to fend for itself.
USDCHF Analysis
USDCHF is moving in an Ascending channel and the market has rebounded from the higher low area of the channel.
The Swiss government is currently focusing on finding alternative energy resources so it can stop relying on others like Russia for its supply of crude oil and natural gas. However, the citizens are more worried about possible floods from the glaciers that are melting every day.
EURUSD Analysis
EURUSD is moving in the Descending channel and the market has reached the horizontal support area of the channel.
The European Central Bank is in hot waters after they are constantly struggling to get inflation under control. ECB chairman keeps acting like there is nothing wrong however, it is evident that the region is facing both supply chain shortages and rising prices of everyday household goods.
EURCAD Analysis
EURCAD is moving in an Ascending channel and the market has rebounded from the higher low area of the channel.
The Canadian government is struggling to maintain law and order in the country. What used to be a top destination to live and explore is now turning into another country that is being destroyed due to street crimes and failing healthcare system.
EURNZD Analysis
EURNZD is moving in the Descending channel and the market has reached the lower high area of the channel.
New Zealand’s prime minister Jacinda is facing backlash after failing to combat the food shortages in the country. People are no longer able to afford basic necessities like food and water. Foreigners are leaving the country due to no longer being able to afford the housing and utilities.
EURCHF Analysis
EURCHF is moving in the Descending channel and the market has fallen from the lower high area of the channel.
The Swiss National Bank is soon going to increase their interest rates. In anticipation of this increase, the CHF markets are facing volatility. The citizens are wary about this increase as it has so far not helped to combat inflation in the country. Only time will tell if it is able to do so.
GBPUSD Analysis
GBPUSD is moving in the descending channel and the market has rebounded from the lower low area of the channel.
The Queen’s funeral is being attended by several top government officials as a sign of respect. However many nations like Russia have not been invited due to bad blood previously. The Saudi crown prince has also revealed he wants to cut of ties with Britain so he’s also not attending.
GBPJPY Analysis
GBPJPY is moving in an Ascending triangle pattern and the market has reached the higher low area of the triangle pattern.
Japan’s prime minister Kishida is facing backlash from the public due to not being present in most political meetings and public events. Kishida narrates that the murder of the previous prime minister is what has prevented him from attending many public events due to safety concerns.
Crude Oil Analysis
Crude Oil price is moving in the Descending channel and the market has rebounded from the lower low area of the channel.
Crude oil is once again facing supply chain issues after Russia decided to waste their oil after providing it to the countries that need it. This has angered the public but they are unable to do anything about it.
Don’t trade all the time, trade forex only at the confirmed trade setups.
Get more confirmed trade setups here: forexgdp.com/forex-signals/
