AUDUSD Analysis
AUDUSD is moving in an Ascending channel and the Market has reached the higher low area of the channel.
XAUUSD Analysis
XAUUSD Gold price is moving in the Descending channel and the market has reached the Lower Low area of the channel.
There have been rumours going around that the Russian President Putin is unwell. Russia is currently trying to cover up the news by stating that he is completely fine but insiders say he is very sick. Some of the world is secretly happy about this as it may mean that the war in Ukraine will end.
USDCAD Analysis
USDCAD is moving in an Ascending channel and the Market has rebounded from the higher low area of the channel.
While the world is finally starting to recover from COVID-19, Canada is now facing the threat of a new virus called monkey pox. Although this virus isn’t deadly like the coronavirus, it is still pretty viral and you can catch it easily. There are currently thousands of cases in Canada of this new virus.
USDJPY Analysis
USDJPY is moving in an Ascending channel and the market has rebounded from the higher low area of the channel.
Japan has been one of the few countries that is struggling to recover from the COVID-19 wave after the rest of the world has recovered fairly significantly. It was recently revealed that Japan’s capital Tokyo is currently facing over 30,000 cases of the COVID-19 virus.
USDCHF Analysis
USDCHF is moving in the Descending channel and the market has reached the Lower high area of the channel.
There is a treaty going on around the world that was created to ban the use and creation of nuclear weapons. Switzerland helped create this treaty but now they’re doubting if they should really sign it. This is mainly due to the war in Ukraine which is causing uncertainty for the EU.
EURGBP Analysis
EURGBP is moving in an Ascending channel and the Market has reached the Horizontal resistance area of the pattern.
As we already know, the UK prime minister has resigned and we are now waiting for the elections so a new prime minister can be elected. At the moment, there are two leading candidates for the elections. They are Rishi Sunak and Liz Truss.
EURCHF Analysis
EURCHF is moving in an Ascending channel and the Market has reached the higher low area of the channel.
The EU has provided Ukraine with a 7 sanctions package to protect them against the war with Ukraine. However, Ukrainian President Zelenskyy has come out stating that although this package was helpful, it is still not enough to protect them against the Russians.
GBPUSD Analysis
GBPUSD is moving in the Descending channel and the market has fallen from the Lower high area of the channel.
China has been trying to become the superpower of the world by making trade deal with several different countries. One of these trade deals was with the Middle East. The US is not happy about this and they tried to steal the Middle East trade deal but was rejected.
Crude Oil Analysis
Crude Oil is moving in the Descending channel and the market has fallen from the Lower high area of the channel.
The US president Joe Biden has declared a climate emergency and has now announced that they’re going to take strict measures to bring climate control to the region. One of the many things he plans on doing is banning the exports of crude oil to save fuel and energy.
NZDUSD Analysis
NZDUSD is moving in an Ascending channel and the Market has reached the higher low area of the channel.
The New Zealand’s healthcare industry is currently struggling to take in more patients as it is facing its maximum capacity for the first time since the COVID-19 wave. This is despite the fact that the political parties in New Zealand are trying to cover this up by stating that everything is just fine.
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