XAGUSD Analysis
XAGUSD Silver Price is moving in the Descending channel and the Market has fallen from the Lower high area of the channel.
It was recently revealed that Moscow is now ready to begin peace talks with Ukraine in hopes to bring a pause to the war. Analysts and economists are not hopeful as they have held many peace talks previously but none of them have resulted in something useful.
XAUUSD Analysis
XAUUSD Gold price is moving in the Descending channel and the market has reached the Lower high area of the channel.
Just yesterday, we talked about how the grain shipment from Ukraine thanks to Russia had reached Turkey. The best part was that this grain shipment passed the initial inspection despite all odds against it. Since it passed the inspection, we are expecting three more shipments soon.
USDCAD Analysis
USDCAD is moving in an Ascending triangle pattern and the Market has reached the Horizontal resistance area of the Pattern.
It was recently revealed that Canada’s exports had risen in June. This rise was by 2% and it is mainly due to the crude oil and gold exports. Since these commodities are in high demand, Canada was able to export them more.
EURUSD Analysis
EURUSD is moving in the Descending channel and the Market has reached the Lower high area of the channel.
Seeing that the economy of Pakistan is currently struggling, the EU has launched a support package costing the region 265 million euros. This support package is to help Pakistan come out of the political crisis that it is currently facing so that its economy can become stable again.
GBPUSD Analysis
GBPUSD is moving in the Descending channel and the market has reached the Lower high area of the channel.
These last couple of months, we have seen many central banks increase their interest rates in order to combat the inflation crisis. As a result, the Bank of England had to increase its interest rates by the most in 27 years. Due to this, the UK will fall into a recession this year.
EURGBP Analysis
EURGBP is moving in an Ascending channel and the Market has rebounded from the higher low area of the channel.
As a result of the increased prices of many goods and services within the UK due to inflation, the people have come out on a strike because they are unable to afford to live in the country anymore. This is especially the case for Amazon workers who walked out of the company.
EURNZD Analysis
EURNZD is moving in the Descending triangle pattern and the market has fallen from the Lower high area of the channel.
A lot of people don’t know this but the name New Zealand is actually hateful to the country’s native people. It shows that the country has been colonized and it denies the Maori people their rights. New Zealand is now considering a name change in order to better fit into its culture.
GBPJPY Analysis
GBPJPY is moving in the Ascending triangle pattern and the Market has reached the higher low area of the pattern.
Recently, we found out that China had launched a missile into Taiwan. This was in order to threaten us and show them that they are not afraid. Due to this attack, the Japanese Prime Minister is now fearful of the region’s national security and he’s looking to other nations for help.
AUDCAD Analysis
AUDCAD is moving in the Descending channel and the Market has fallen from the Lower high area of the channel.
While the rest of the world is busy in football season, Australia is looking to enter a new era of climate change period they are looking to decrease their greenhouse gas emissions by 43% in hopes of finally bringing back the good Australian weather that we are used to.
AUDCHF Analysis
AUDCHF is moving in an Ascending triangle pattern and the Market has fallen from the Horizontal resistance area of the Pattern.
Switzerland is one of the few, or we could say many, EU countries that were most impacted by the sanctions placed on energy resources from Russia. Due to this, Switzerland is now looking to make their own energy and has recently created a hydro plant for this exact purpose.
Don’t trade all the time, trade forex only at the confirmed trade setups.
Get more confirmed trade setups here: forexgdp.com/forex-signals/
