Gold Analysis
XAUUSD Gold price is moving in an Ascending channel and the market has reached the higher low area of the channel.
Russia had previously left Ukraine’s Kyiv to focus on other areas of Ukraine that were more easier to conquer. Now that Russia has pretty much covered the entire Ukraine while successfully overtaking some areas, they are returning to focus on Kyiv which is the country’s capital.
Silver Analysis
XAGUSD Silver price is moving in an Ascending channel and the market has reached the higher low area of the channel.
China’s President is causing the country to go into shambles as it is making new enemies on a daily basis. China is now looking to team up with another military country which is North Korea. Their aim is to become powerful enough to the point where no one can stop them.
USDCHF Analysis
USDCHF is moving in an Ascending channel and the market has rebounded from the higher low area of the channel.
The US and China are mortal enemies that are always battling it out one way or the other. In today’s news, both of these world superpowers are having a tech battle where the US is now skeptical to use any tech products like chips that come from China because they could be spy devices.
USDJPY Analysis
USDJPY is moving in the Descending channel and the market has reached the lower high area of the channel.
Japan has successfully created military ties with Australia and a few Middle Eastern countries. This comes after they face a war with China. China is trying their level best to take out two birds with one stone as they battle it out with Taiwan and want to involve Japan as well.
EURUSD Analysis
EURUSD is moving in the rising wedge pattern and the market has reached the higher low area of the pattern.
The EU had recently found itself amidst a controversy involving some of the top members of the organisation. It was revealed that these members including the Vice President were involved in fraudulent activity. This recently revelation has tarted the name of the entire organisation.
GBPUSD Analysis
GBPUSD is moving in an Ascending channel and the market has reached the higher low area of the channel.
The UK is still facing severe weather conditions which are taking lives on a daily basis. People are advised to stay at home but inflation is forcing them to go out and work to have a roof over their heads. This is causing the death toll to increase on a daily basis.
NZDUSD Analysis
NZDUSD is moving in an Ascending channel and the market has reached the higher low area of the channel.
New Zealand’s Arden recently revealed that China is still pressurising them to use the region for trade routes. Arden knows about China’s military capacity and fears that the superpower may overpower them if they’re not careful by taking strict safety measures.
GBPCHF Analysis
GBPCHF has broken the Ascending channel in downside.
Switzerland has now placed heavy fines on anyone who goes over their allowed limit of gas usage. This comes after the country is facing a severe shortage in energy but it also comes after Switzerland is aiming to eradicate climate change as soon as possible.
GBPCAD Analysis
GBPCAD has broken the Ascending channel in downside.
Canada’s immigration system is in shambles and they are now shifting immigration offices in hopes that it may make the situation better. Their UAE immigration office in Abu Dhabi has now been moved to Pakistan in the capital Islamabad.
AUDCAD Analysis
AUDCAD has broken the Rising wedge pattern in Downside.
Australia is also facing pressure from China like New Zealand. However, Australia is more willing to cooperate as they don’t want any bad blood between the two nations since they know how powerful China can be. This does not mean that they are agreeing to their demands though.
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