EURUSD Analysis
EURUSD is moving in the Descending channel and the market has reached the Lower high area of the channel.
The EU is facing a major financial crisis as they fail to account for the several refugees that they are housing due to the war in Ukraine. This refugee situation comes at a bad time since the global economy is currently going through major meltdowns due to inflation.
XAUUSD Analysis
XAUUSD Gold price is moving in the descending channel and the market has fallen from the lower high area of the channel.
Russia is becoming more and more vicious as the days go by. They are getting into arguments with other nations and it seems like they are trying their best to break most of the diplomatic ties that don’t benefit them in any way. As a result, NATO is now holding nuclear drills to prepare.
XAGUSD Analysis
XAGUSD Silver price is moving in the Descending channel and the market has reached the lower high area of the channel.
In Russia, it is currently illegal to speak against the government. Due to this reason, a Russian TV journalist was detained over the criticism of the Ukraine war. She spoke in favor of Ukraine which made Russia angry and they detained her.
USDCHF Analysis
USDCHF is moving in rising wedge pattern and the market has reached the higher low area of the pattern.
Recent studies reveal that over half of the children population in Switzerland experience domestic violence in some shape or form. There is also a rise of human trafficking victims in this Swiss nation. It is unclear how this was not considered when this was named the best place to live in.
GBPUSD Analysis
GBPUSD is moving in an Ascending channel and the market has reached higher low area of the channel.
The UK is currently having secret dealings with the Chinese military, which they would like to keep off the books. They are trying to pass on some large sums of money to the Chinese military without getting noticed. To do so, they are using ex-UK pilots.
GBPJPY Analysis
GBPJPY is moving in the Box pattern and the market has reached the resistance area of the pattern.
Japan is all set to sign a new security arrangement with Australia amidst the rising tensions in China. Both Australia and Japan are mutual enemies of China. In order to become more powerful against them, they decided to team up and protect each other.
GBPNZD Analysis
GBPNZD is moving in the Descending channel and the market has reached the lower high area of the channel.
New Zealand’s central bank was one of the first in the world to target inflation. Despite this, they seem to be the one who is struggling the most to bring it under control. New Zealand’s inflation is near record high, and their interest rates are being questioned thoroughly.
EURCAD Analysis
EURCAD is moving in an Ascending channel and the market has rebounded from the higher low area of the channel.
Canada is going through some major upgrades in its immigration system. They are now allowing students to work full-time in the country due to the labor shortage that is hurting their economy. Despite this, they are not bringing enough actual workers into the country.
CHFJPY Analysis
CHFJPY is moving in an Ascending channel and the market has rebounded from the higher low area of the channel.
In the last couple of days, we have revealed that the US is planning on an energy-saving situation. They hope that they can save enough energy at the moment to last them through winter. As a result, Switzerland may now join this initiative as they do not want to freeze either.
AUDCHF Analysis
AUDCHF is moving in the Descending channel and the market has rebounded from the lower low area of the channel.
In light of the great resignation, Switzerland is now also facing an acute shortage of teachers. They are expected to face this shortage over the next decade. As a result, they are now actively looking for individuals willing to take on this role.
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