NZDUSD Analysis
NZDUSD is moving in the descending channel and the market has reached the lower high area of the channel.
As part of a push to become carbon neutral, New Zealand’s government has promised to reduce methane emissions from farm animals by up to 47% by 2050. This is a huge reduction that they are promising however, there are still about 27 years for them to achieve it.
XAUUSD Analysis
XAUUSD Gold price is moving in an Ascending channel and the market has reached the higher high area of the channel.
The summit being held on the Indonesian island of Bali marks the first time the G20 leaders have met since Russia’s February invasion of Ukraine. It is expected that majority of the G20 leaders are looking to pin the blame of inflation on Russia during the summit.
XAGUSD Analysis
XAGUSD Silver Price is moving in the Descending channel and the market has reached the Multi year resistance area of the channel.
Crowds of residents in southern China’s industrial metropolis Guangzhou have escaped a compulsory lockdown and clashed with police. They are fed up with the constant lockdowns and are looking for an escape from facing this strict regime despite being vaccinated.
USDJPY Analysis
USDJPY is moving in the Descending channel and the market has reached the lower low area of the channel.
Japan’s economy has unexpectedly shrunk in the third quarter as private consumption slumped and import costs rose. This is Asia’s second-largest economy, yet it is quickly making its way down the charts into one of the worst economies in an inflation crisis.
USDCHF Analysis
USDCHF is moving in the Box pattern and the market has reached the horizontal support area of the pattern.
Switzerland has fallen seven places to 22nd in the annual Climate Change Performance Index (CCPI). This comes as a surprise considering that Switzerland has been one of the few EU countries that are in the process of trying to eradicate climate change.
AUDUSD Analysis
AUDUSD is moving in the Descending channel and the market has reached the lower high area of the channel.
For the first time, emergency services in Australia’s most populous state have asked for international help with serious flooding west of Sydney. The emergency department of this nation has lately been struggling to keep up with the impact of climate change.
EURUSD Analysis
EURUSD is moving in the Descending channel and the market has reached the lower high area of the channel.
The European Union on Monday slapped new sanctions on Iran for its crackdown on anti-government protesters and launched a mission to train 15,000 Ukrainian citizens to protect themselves in battle against both Russia and Iran in the war.
EURCAD Analysis
EURCAD is moving in the Major Descending channel and the market has reached the higher high area of the minor Ascending channel.
Canada’s government has announced senior officials of the Islamic Republic of Iran have been officially banned from entering Canadian soil. This comes after the revelation that they are working with Russia in the war against Ukraine by supplying drones and military weapons.
EURGBP Analysis
EURGBP is moving in an Ascending channel and the market has rebounded from the higher low area of the channel.
Charities and MPs have criticized the UK for reducing the amount of money it gives to a major global health fund by almost a third. Decisions like these is what is going to cause the nation to suffer in the long run if it faces another major pandemic like the COVID-19.
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.
Don’t trade all the time, trade forex only at the confirmed trade setups.
Get more confirmed trade setups here: forexgdp.com/buy/
