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.
USDCHF Analysis
USDCHF is moving in the Descending channel and the market has reached the lower high area of the channel.
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 reached the lower high area of the channel.
Keeping the recent geopolitical tensions in the EU in mind, the EU now wants to increase security in the region over the next five years. They want to ensure that there is no uncertainty around the topic of safety for the citizens of the EU.
EURJPY Analysis
EURJPY is moving in the Descending channel and the market has reached the lower high area of the channel.
Japan has recently found itself sandwiched in between the war between China and Taiwan. As a result, they are looking towards new measures in order to safeguard the people and the country. As a result, Japan now wants to point 1000 cruise missiles are China.
EURCAD Analysis
EURCAD is moving in an Ascending channel and the market has rebounded from the higher low area of the channel.
Since the Queen also ruled over Australia, her death brought uncertainty to this island nation as well. Australians are now debating whether they even need a monarch to rule their nation. They don’t believe that the monarchy plays much of a role in Australia.
Crude Oil Analysis
Crude Oil is moving in the Descending channel and the market has reached the lower high area of the channel.
China has recently faced great controversy for its role in supporting Russia in the war against Ukraine. While the Chinese government has previously denied holding such a role, they recently revealed that their reasoning is strategic and of significant importance.
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.
GBPAUD Analysis
GBPAUD is moving in an Ascending channel and the market has rebounded from the higher low 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.
GBPNZD Analysis
GBPNZD is moving in an Ascending channel and the market has rebounded from the higher low area of the channel.
Seeing how Australia is significantly suffering from climate change, New Zealand has now taken steps in order to become more environmentally friendly. It is believed that over 300 businesses in New Zealand are actively working to bring environmentally friendly solutions to their services.
CHFJPY Analysis
CHFJPY is moving in an Ascending channel and the market has reached the higher low area of the channel.
Tunisia is in dire need of development funds to help grow their economy out of destruction. The country is suffering immensely from a lack of funding, and so Japan has now pledged around $30 billion in African aid at a conference they gave recently.
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