USDCHF Analysis
USDCHF is moving in the Box Pattern and the market has reached the resistance area of the pattern.
Switzerland previously never faced a big issue of illegal migrants entering the country. However, in light of the inflation crisis impacting the entire world, Switzerland is quickly becoming a top destination for illegal migrants who are trying to build a name for themselves in a foreign land.
GOLD Analysis
XAUUSD Gold price has broken the Major Descending channel pattern and the market has retested the broken area of the Descending 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.
USDCAD Analysis
USDCAD is moving in an Ascending channel and the market has reached the higher low area of the channel.
As Queen Elizabeth II was also head of state in Canada since Canada is a member of the Common Wealth, her death was grieved in this maple country as well. Canadians pay tribute to the Queen, who played a major role in the history of Canada and where it stands today.
EURCHF Analysis
EURCHF is moving in the Box pattern and the market has rebounded from the Horizontal support area of the pattern.
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.
EURNZD Analysis
EURNZD is moving in the Box pattern and the market has fallen from the Horizontal resistance area of the pattern.
There are many countries that are a part of the OECD which overlook the economic development of its bodies. New Zealand is part of the OECD as well. However, it is the only OECD country that doesn’t publish a monthly inflation report, and it isn’t going to either.
GBPJPY Analysis
GBPJPY is moving in the Box Pattern and the market has reached the resistance area of the pattern.
As the British are struggling to deal with unbearable energy bills, the new prime minister of the UK, Lizz Truss, has revealed her plans to release about $172 billion to provide relief to the energy bills that are quickly becoming too much to deal with.
Crude Oil Analysis
Crude Oil is moving in the Descending channel and the market has fallen from the lower high area of the channel.
India was one of the major buyers of Russian crude oil. This was mainly because they got a much cheaper rate through Russia than any other country. However, they are no longer buying a large supply of Russian crude oil because of high shipping rates from this country.
CADJPY Analysis
CADJPY is moving in an Ascending channel and the market has rebounded from the higher low area of the channel.
Ever since the Taliban took over Afghanistan, several Afghanis have moved to different countries as refugees. There are several refugees held in a facility in the UAE as well. As a result, the Canadian government has now agreed to take in about 1000 of them.
AUDJPY Analysis
AUDJPY is moving in the Descending channel and the market has reached the lower high area of the channel.
While New Zealand has no plans to cooperate with China, it seems like Australia may finally be cracking as they are now considering to seek stable ties with China. They believe China holds great power and that it is only beneficial to be on its good side.
CHFJPY Analysis
CHFJPY is moving in an Ascending channel and the market has rebounded from the higher low area of the channel.
We’ve been talking about how Japan has plans to expand its network of relations and build ties with surrounding countries. This is to keep themselves secure if they ever faced a war. As a result, they have recently made ties with Switzerland through a network of cryptos.
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