EURCHF Analysis
EURCHF is moving in an Ascending channel and the market has reached the higher low area of the channel.
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.
XAUUSD Analysis
XAUUSD Gold price is moving in the Descending channel and the market has reached the lower high area of the channel.
One of the main things coming from this war between Russia and Ukraine is that Russia is now deepening ties with many countries who are considered dangerous. Including these countries is North Korea who are unreliable when it comes to the safety of the world.
USDJPY Analysis
USDJPY is moving in the Descending channel and the market has rebounded from the lower low area of the channel.
Japan is once again facing a fall in foreign reserves despite recently intervening to boost the value of the Yen in the economy. This is causing the finance minister to face a huge backlash for failing to be able to stabilize the Japanese economy. They are likely going to face recession.
USDCAD Analysis
USDCAD is moving in the Descending channel and the market has reached the lower low 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.
USDCHF Analysis
USDCHF is moving in an Ascending channel and the market has reached the higher low area of the channel.
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.
GBPUSD Analysis
GBPUSD is moving in the Descending channel and the market has reached the lower high area of the channel.
Europe is all set to face load shedding of at least three hours a day owing to the fact that they no longer have supply from Russia. As a result, they are now looking to strike a deal with the US for a potential long-term supply of gas to aid in their energy crisis.
NZDUSD Analysis
NZDUSD is moving in an Ascending channel and the market has reached the higher low area of the channel.
China’s president recently met up with America’s president in order to discuss the possibility of good ties between the two countries. These two superpowers have always been at each other’s throats but now they are willing to build good ties between each other.
Crude oil Analysis
Crude oil is moving in an Ascending channel and the market has reached the higher low 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.
EURGBP Analysis
EURGBP is moving in an Ascending channel and the market has reached the higher high area of the channel.
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.
AUDNZD Analysis
AUDNZD is moving in the Descending channel and the market has rebounded from the lower low area of the channel.
The Reserve Bank of Australia has recently revealed their new interest rates for the term. It was revealed they raised their rates by a quarter point which shows they are going the slow method. This is the second time in a row the rates were raised by 25 basis points.
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