XAUUSD Analysis
XAUUSD Gold price is moving in the Descending channel and the market has reached the lower high area of the channel.
Even though real estate is meant to be one of the safest assets to invest in since it almost certainly increased in value, this has not been the case for China. Chinese properties are now facing depreciating due to falling market demands as a result of the pandemic and inflation.
USDJPY Analysis
USDJPY is moving in an Ascending Channel and the market has reached the higher low area of the channel.
We recently revealed how Japan is looking to build ties with different countries in order to strengthen its position in the world map. This is in fear of China since they are slowly looking towards launching a military attack in Taiwan which may impact Japan as well.
USDCHF Analysis
USDCHF is moving in the Rising wedge pattern and the market has fallen from the higher high area of the pattern.
Switzerland has been accused by border control agents in the EU for allowing migrants to exist the country into other EU states without the necessary documentation. This is especially the case of migrants coming from Austria who are able to travel to other regions now.
EURUSD Analysis
EURUSD is moving in an Ascending channel and the market has rebounded from the higher low area of the channel.
In order to continue to combat climate change, the EU has signed an agreement to ban all new combustion cars starting in 2035. This is in light of the melting glaciers near Switzerland and other climate change issues that have been arising over the years.
NZDUSD Analysis
NZDUSD is moving in an Ascending channel and the market has fallen from the higher high area of the channel.
It is a big day for New Zealand as they are ready to face one of their familiar foes on the battleground in a cricket match against England. Fans expect that England will take the crown in the end due to past history with this team however, the community remains optimistic.
EURGBP Analysis
EURGBP is moving in the falling wedge pattern and the market has reached the lower high area of the pattern.
Ever since the boom in crypto, the majority of world leaders have been trying to stay away from this mode of transaction. However, the new PM of the UK Rishi Sunak has actually embraced the crypto trade, and it seems like the UK might be leading in this industry very soon.
EURCHF Analysis
EURCHF is moving in the Descending channel and the market has reached the lower high area of the channel.
Central banks from France, Switzerland and Singapore are attempting to automate foreign exchange markets, using decentralized protocols, to cut the cost of cross-border payments. This revelation comes at a much needed time when the DeFi world is at its peak.
AUDCHF Analysis
AUDCHF is moving in an Ascending channel and the market has rebounded from the higher low area of the channel.
Crypto mining is one of the many processes that take up a lot of energy. Since so much energy is consumed during this process and there is currently an energy shortage around the world, the EU is looking towards banning crypto mining in order to preserve more energy for winter.
CADCHF Analysis
CADCHF is moving in an Ascending channel and the market has reached the higher high area of the channel.
Recently we talked about how international students in Canada can now work full time due to labor shortages. These students have come out revealing that Canada is exploiting them for cheap labor by not paying them enough wages to survive in the country.
Crude Oil Analysis
Crude Oil is moving in the Descending channel and the market has reached the lower high area of the channel.
We recently talked about how Russia is teaming up with different Asian countries in order to strengthen itself in the war. They recently even stated to have built ties with South Korea for this purpose. However, South Korea has denied all allegations of any ties with Russia.
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