USDCHF Analysis
USDCHF is moving in an Ascending channel and the market has reached the higher low area of the channel.
The government of Switzerland has urged its citizens from steering clear of Iran. They are advising them against visiting this country as they have recently been found to be placing several Swiss visitors in arrest due to reasons that they have yet to reveal.
XAUUSD Analysis
XAUUSD Gold price is moving in an Ascending channel and the market has fallen from the higher high area of the channel.
Ever since Russia announced that they would be recruiting men in a certain age group to fight in the war, many Russian men have been living in hiding due to fear of being recruited. They are being forced to go to battle against their will even if they don’t have any prior military skills.
XAGUSD Analysis
XAGUSD Silver Price is moving in an Ascending channel and the market has rebounded from the higher low area of the channel.
Most of the world leaders attending the G20 summit in Indonesia this week are expected to meet Chinese President Xi Jinping in person for the first time. They are hoping to talk some sense into this leader as he is fighting for self-sufficiency instead of efficiency.
USDJPY Analysis
USDJPY is moving in the Descending channel and the market has rebounded from the lower low area of the channel.
Not long ago, both the Australian prime minister and Japanese prime minister met in a conference for the first time since they established a seat in their country. This is a revolutionary moment since the two countries would be building ties for the first time for mutual benefits.
NZDUSD Analysis
NZDUSD is moving in the Descending channel and the market has reached the lower high area of the channel.
As per the latest developments, New Zealand is aiming to become the second Dark Sky Nation in the world. What this means is that they’re aiming to make it possible to see the night sky and stars clearly at night by completely eradicating air pollution.
EURAUD Analysis
EURAUD is moving in an Ascending channel and the market has reached the higher low area of the channel.
Iran has been found to be siding with Russia where they have been supplying the Kremlin with a large number of drones and other military supplies for the war. As a result, the EU is now being pressured to punish Iran for this act. It is unclear how they plan on doing so.
GBPUSD Analysis
GBPUSD is moving in an Ascending channel and the market has reached the higher high area of the channel.
The UK will pay France £8m more a year under a revised deal to try to stop people crossing the English Channel in small boats. This announcement comes after it was revealed that the majority of illegal immigrants entering the UK have been coming through this route.
GBPCHF Analysis
GBPCHF is moving in the Descending channel and the market has rebounded from the lower low area of the channel.
The UK is continuing to provide Ukraine with humanitarian aid to repair the damaged infrastructure of the country as a result of the war. Ukraine will have further UK support to keep the lights on across the country and repair energy infrastructure damaged by Russian attacks
AUDCAD Analysis
AUDCAD is moving in the Descending channel and the market has reached the lower high area of the channel.
Australia’s government is open to discussing ways to avoid World Trade Organization arbitration of its trade dispute with China. This comes after there has been an ongoing rivalry between China and Australia due to the two countries failing to come to a trade agreement.
AUDNZD Analysis
AUDNZD is moving in an Ascending channel and the market has rebounded from the higher low area of the channel.
Australian Treasurer Jim Chalmers said measures to reduce gas costs for consumers and businesses would be put in place by Christmas as a global energy crisis is looming around the corner. Gas is in short supply and prices are soaring sky high.
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