USDCAD Analysis
USDCAD has broken the Ascending channel in Downside.
As we already know, the Canadian application system for visa approval has been the slowest it has ever been. This has angered citizens worldwide while looking to work or study in Canada. As a result, many countries are now stepping in and finding out what is taking so long.
Gold Analysis
XAUUSD Gold price is moving in the Descending channel and the market has reached the Lower high area of the channel.
In a surprising turn of events, it seems as though Turkey is now siding with Russia in the war with Ukraine. This has angered the US, and they are now threatening to place sanctions on Turkey if they continue to side with Russia.
Silver Analysis
XAGUSD Silver Price has broken the Descending channel in Upside.
In an effort to reduce civilian casualties, Russia is now slowing down their military operations in Ukraine. However, this has confused people worldwide as to why Russia suddenly now cares about civilians when they have been killing them for the past six months.
USDJPY Analysis
USDJPY is moving in an Ascending channel and the market has fallen from the higher high area of the channel.
In light of the recent energy crisis all over the world, Japan is now returning to nuclear power as a source of energy. This has confused people worldwide as nuclear energy is not safe, and Japan may be using it for a worse reason.
USDCHF Analysis
USDCHF is moving in the Descending triangle pattern and the market has fallen from the lower high area of the triangle pattern.
In order to prevent another pandemic, Switzerland is now planning on obtaining over 40,000 doses of the monkeypox vaccine. They are also thinking of obtaining 500 units of an antiviral drug that is believed to completely eradicate the monkeypox virus.
EURUSD Analysis
EURUSD is moving in the Descending channel and the market has fallen from the lower high area of the channel.
One of the main reasons for the war in Ukraine was that Russia believed that Crimea belonged to them. However, despite them regaining control over Crimea, the EU says that they will never recognize the illegal annexation of Crimea.
GBPUSD Analysis
GBPUSD is moving in the Descending Triangle pattern and the market has rebounded from the Horizontal support area of the pattern.
The UK is found in an embarrassing situation as they are threatening marine life on the French coast. They are doing so by allowing raw sewage to be dumped into the channels and the northern sea. This has angered the French, and they are now appealing to the EU.
GBPNZD Analysis
GBPNZD is moving in the Descending channel and the market has reached the Lower low area of the channel.
The aerospace industry in New Zealand is significantly struggling due to the rising costs of fuel and labor. As a result, they are facing millions of dollars in loss due to both pandemic and expenses. On top of it, people aren’t even flying that much anymore.
GBPCHF Analysis
GBPCHF is moving in the Descending channel and the market has fallen from the lower high area of the channel.
In her recent survey, it was found that the recent energy crisis in the UK is bigger than even the pandemic. The coronavirus has not even scared the people as much as the lack of fuel and increased expenses has scared the people.
AUDCHF Analysis
AUDCHF is moving in the Box Pattern and the market has reached the horizontal resistance area of the pattern.
In light of the recent energy crisis all around the world, Australia is now looking to move to a more renewable and clean energy source. As a result, we are now seeing solar panels placed in many different places in Australia to combat the energy crisis.
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