EURNZD Analysis
EURNZD is moving in the Descending channel and the market has reached the lower high area of the channel.
New Zealand is currently in the midst of a food shortage. Vegetable and dairy products are in short supply, which has caused them to significantly increase in value. This resulted in New Zealand food prices being at the highest level in 13 years.
GOLD Analysis
XAUUSD Gold price is moving in the Descending channel and the market has reached the lower high area of the channel.
People who were previously backing Russia in the war against Ukraine have now turned against the Kremlin by revealing that the entire war did not go as planned, and it seems like Russia is now making a fool of itself. They need to end it one way or the other immediately.
USDCHF Analysis
USDCHF is moving in the Descending channel and the market has reached the lower high area of the channel.
Switzerland has recently been finding favorable areas where they can dump a large amount of nuclear waste if need be. It was recently revealed that this favored location is none other than Zurich near the German border. They will dump this nuclear waste underground.
EURJPY Analysis
EURJPY is moving in an ascending triangle pattern and the market has fallen from the resistance area of the pattern.
For more than a decade, Hungary’s prime minister Viktor Orbán has been locked in battle with the European Union. They always had contrasting views on different matters and never saw eye to eye with each other. Hungary always did what it wanted to but now, the EU is fighting back.
GBPCAD Analysis
GBPCAD is moving in the Descending channel and the market has reached the lower high area of the channel.
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.
GBPCHF Analysis
GBPCHF is moving in an Ascending channel and the market has rebounded from the higher low area of the channel.
A top government official visited Russia on good terms but was however detained by the Russian government for no reason. He was released after a couple of hours and the Japanese government demands an apology from Russia which they will never get.
Crude OilAnalysis
Crude Oil is moving in the Descending channel and the market has reached 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.
CADJPY Analysis
CADJPY is moving in an Ascending channel and the market has reached the higher low area of the channel.
In these past few weeks, more and more countries are dropping their mandatory mask-wearing in public. Just a couple of days ago, the UAE announced no longer requiring to wear a mask, and now, Canada has followed the trend and also no longer require masks in public.
AUDUSD Analysis
AUDUSD is moving in the Box pattern and the market is rebounded from the horizontal support area of the pattern.
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 an Ascending channel and the market has rebounded from the higher low 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.
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