Silver Analysis
XAGUSD Silver Price is moving in the Descending channel and the Market has rebounded from the Lower low area of the channel.
Russia has recently made a deal with the US to supply them with grain from Ukraine in order to combat the food crisis around the world. However, this deal was made without the permission of Ukraine and just today we found out that a ship from Syria stole grain from Ukraine to Lebanon.
Gold Analysis
XAUUSD Gold price is moving in the Descending channel and the Market has reached the lower high area of the channel.
The world has been watching the European war very closely ever since Russia first attacked Ukraine. The only narrative we’re usually seeing is the one where Ukraine is the victim and Russia is the attacker however, we are now seeing that Ukraine is finally fighting back as well.
USDJPY Analysis
USDJPY is moving in the Descending channel and the Market has rebounded from the lower low area of the channel.
Japan has always been known to be the tech capital of the world. All the latest great inventions are first created or thought of in Japan. Therefore, it comes as no surprise that Japan is being one of the first nations to create a policy around the use of web 3.0 or the metaverse.
USDCHF Analysis
USDCHF is moving in the Box pattern and the market has reached the Horizontal support area of the pattern.
In a surprising turn of events, we are now seeing that Switzerland has finally legalized the medical use of cannabis in the country. It is unbelievable to think that people are going to jail for using cannabis in the US but are openly welcomed for using it in Switzerland.
EURUSD Analysis
EURUSD is moving in the Descending channel and the market has fallen from the Lower high area of the channel.
Pegasus is a software that is known for being able to switch on a phone’s camera or microphone and even hack into their personal data. It was revealed that a member of the EU had found out that this software had been put on his device to spy on him but found nothing.
GBPUSD Analysis
GBPUSD is moving in the Descending channel and the market has fallen from the Lower high area of the channel.
It is very eye-opening when you think that Rishi Sunak who was the Chancellor of the UK just less than a month about is now in the lead to becoming the future prime minister of the UK. His only major opponent is Liz Truss though it seems he still has a very good likelihood of winning.
AUDUSD Analysis
AUDUSD is moving in the Descending channel and the Market has reached the Lower high area of the channel.
These days, Australia is all about their cricket matches and the entire region is going all out to support their favorite team. Though in a sad turn of events, an Indian cricket coach Sridharan Sriram was found to have left the coaching team to focus on his RCB role instead.
NZDUSD Analysis
NZDUSD is moving in an Ascending channel and the Market has fallen from the higher high area of the channel.
One of the biggest news to come to the world is the permanent ban on cigarettes for the people of New Zealand. New Zealand recently revealed that everyone born after 2008 would no longer be allowed to smoke even if they turn 18. This is an attempt to ban this substance completely.
GBPCAD Analysis
GBPCAD is moving in the Box Pattern and the Market has fallen from the Horizontal resistance area of the Pattern.
The Bank of Canada is the main bank in the country and is responsible for controlling inflation and making monetary policies. However, Canadians have lost all hope in this bank as it is failing to bring inflation into control despite the constant rise in interest rates in the country.
AUDCHF Analysis
AUDCHF is moving in an Ascending triangle pattern and the market has reached the higher low area of the pattern.
Switzerland has been known to be the go-to place if you want to have assisted suicide. Recently, they made some changes to their assisted suicide policies which include that the doctor must have two consultations with the patient before the suicide to confirm their case.
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