GOLD Analysis
XAUUSD Gold price is moving in the descending channel and the market has reached the Lower high area of the channel.
Russia has previously attacked a nuclear power plant in Ukraine but it was revealed that this was just a warning. Russia revealed that are just showing Ukraine what they are capable of if Ukraine doesn’t obey and surrender. However, Ukraine refuses to give up.
SILVER Analysis
XAGUSD Silver Price has broken the Descending channel in Upside.
China has been under fire for consistently using a lot of fuel in production despite there being a shortage worldwide. China reveals that are just getting back to pre-COVID levels but these levels are not suitable for current times with the supply chain shortage.
USDJPY Analysis
USDJPY is moving in the Box pattern and the market has reached the resistance area of the pattern.
Japan has recently been spending a lot on the memorial of the former prime minister who was killed while giving a speech in public. While it is important to remember the fallen, this is not the right time to do so. This is because there is currently an economic crisis going on in the country.
USDCHF Analysis
USDCHF has broken the Descending channel in Upside.
Switzerland has finally spoken up about then fear of climate change and the looming floods that are expected from the melting glaciers. They revealed that they are already taking steps to combat this global warming problem and that their disaster management system can handle the floods.
EURUSD Analysis
EURUSD is moving in the descending channel and the market has reached the Lower high area of the channel.
The European Central Bank has been holding meetings with its management in order to figure out what is the best strategy moving forward considering that the consistent increase in interest rates has not been very effective in combating the long lasting inflation in the region.
EURCAD Analysis
EURCAD is moving in an Ascending channel and the market has rebounded from the higher low area of the channel.
Canada’s prime minister Justin Trudeau is under fire for failing to keep the indigenous people of the region safe. He has not provided them their due rights and is only acting sympathetic for the people in front of the camera. When the cameras are off, he isn’t doing anything about the issue.
EURAUD Analysis
EURAUD is moving in an Ascending channel and the market has rebounded from the higher low area of the channel.
Australia is once again facing backlash for not displaying sportsmanship during the sports matches that their team has been participating in. They are constantly supporting their team but in an aggressive way which is placing a bad impression on the country overall.
GBPNZD Analysis
GBPNZD is moving in the descending channel and the market has reached the Lower high area of the channel.
The UK seems to have finally moved on after mourning the Queen. The people no longer remember the fallen Queen and have now resorted to making fun of the current King. They don’t believe that he is fit to rule and they are demanding proper elections to decide who should take the crown.
NZDUSD Analysis
NZDUSD is moving in an Ascending channel and the market has fallen from the higher high area of the channel.
New Zealand has faced an unexpected rise in the production of honey from their beekeeping business. They are basically drowning in honey and are now selling this precious commodity at very cheap prices in order to get rid of the abundant supply currently present in the country.
AUDCHF Analysis
AUDCHF is moving in the Descending channel and the market has reached the Lower high area of the channel.
Just a while ago we revealed how Switzerland has been named the top country in the world to live in. However, this decision is not being taken lightly by people worldwide. They don’t believe that Switzerland deserves this title considering that the country is on the brink of major floods.
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