SILVER Analysis
XAGUSD is moving in the Descending channel and the market has fallen from the lower high area of the channel.
The US president Joe Biden has recently approved a $1.1 billion military aid to Ukraine. This comes just in time as Ukraine no longer had any funds to support its military requirements. The US is one of the top donators to the cause in support of Ukraine.
GOLD Analysis
XAUUSD Gold price is moving in the Descending channel and the market has fallen from the Lower high area of the channel.
Since Russia first launched its invasion of Ukraine, Moscow has been peeling military forces away from its bases in Northern Europe to completely take over the bases in Ukraine. So far, Moscow’s army is completely occupied in Ukraine, leaving the country vulnerable.
USDJPY Analysis
USDJPY is moving in the Box pattern and the market has reached the resistance area of the pattern.
Chinese President Xi Jinping and Japanese Prime Minister Fumio Kishida said on Thursday that it was important to develop bilateral ties between the two countries as they are going to need to depend on each other to get through any economic and political threats to their nations.
USDCHF Analysis
USDCHF has broken the Box pattern and the market is retested the Resistance area and Fallen from the Resistance area.
Switzerland has made up ground internationally regarding digital competitiveness, climbing to fifth place in the IMD World Digital Competitiveness. This top destination is quickly revolutionizing its sectors to meet the needs of the new generation digitally.
EURUSD Analysis
EURUSD is moving in the Descending channel and the market has rebounded from the lower low area of the channel.
Russia’s war with Ukraine and the resulting energy standoff between Moscow and Europe which has the EU scrambling to find alternative gas supplies. This is because the Nord Stream gas pipelines have been sabotaged by Russia, so the EU could continue to suffer.
GBPCAD Analysis
GBPCAD is moving in the Box pattern and the market has reached the resistance area of the pattern.
The recent chaotic swings in the British pound and U.K. government bonds mean traders are at panic stations. This is forcing the Bank of England to step in to control the matter as the citizens are now doing everything possible to get the attention of top officials.
GBPAUD Analysis
GBPAUD is moving in the Box pattern and the market has reached the resistance area of the pattern.
British Deputy High Commissioner at Karachi Sarah Mooney said that the UK aid shipment is the first of multiple consignments addressing the immediate needs of flood victims in Pakistan. These shipments are estimated to be worth about £2 million.
AUDUSD Analysis
AUDUSD is moving in the Descending channel and the market has fallen from the lower high area of the channel.
Australian inflation slowed slightly. This is seen in the first reading of an official monthly indicator. This is signaling that price pressures may be starting to ease in response to the consistent increase in the interest rates by the Reserve Bank of Australia every quarter.
NZDUSD Analysis
NZDUSD is moving in the Descending channel and the market has reached the lower high area of the channel.
The remains of around 64 indigenous New Zealanders that were stolen in the 19th century will officially be welcomed home within the week. Families are more than happy to finally be reunited with their lost ancestors, who will now be treasured in their home country.
CHFJPY Analysis
CHFJPY is moving in an Ascending channel and the market has rebounded from the higher low area of the channel.
Tension is growing on the Korean peninsula as North Korea fires 2 more short-range ballistic missiles into the East Sea on Wednesday. These shots have been very close to Japan which is causing them to rethink their military security. They are now looking to make ties with China.
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