GBPUSD Analysis
GBPUSD is moving in the Descending triangle pattern and the market has rebounded from the horizontal support area of the pattern.
Every day there are people trying to enter the UK through different channels such as the sea. However, the UK has now hit a new 24-hour record as the number of people crossing the channel to the UK from northern France in small boats have hit a new high.
Gold Analysis
XAUUSD Gold price is moving in the Descending channel and the market has fallen from the Lower high area of the pattern.
It seems as though Putin’s plan is not going according to how he wanted it to. This is because he did not think that Ukraine would survive this long and perform very well. As a result, he is now second-guessing his decision to start the war in the first place.
USDCAD Analysis
USDCAD is moving in an Ascending channel and the market has rebounded from the higher low area of the channel.
Canada is still drowning in visa applications as they still have over millions of applications to process. As a result, it seems as though many students who wished to study in Canada may now have to defer their admission due to processing delays.
USDJPY Analysis
USDJPY is moving in the Descending triangle pattern and the market has fallen from the lower high area of the pattern.
The world is very surprised at Japan’s prime minister’s decision to ease the border controls due to the pandemic. They are confused because the Prime Minister himself had gotten COVID, and he is still in favor of easing border controls.
USDCHF Analysis
USDCHF is moving in the Descending triangle pattern and the market has fallen from the Lower high area of the pattern.
Switzerland has previously held a very neutral stance in response to the war between Ukraine and Russia. However, they have now revealed that they, in fact, support Ukraine and they have recently called for the return of Crimea to Ukraine.
EURUSD Analysis
EURUSD is moving in the Descending triangle pattern and the Market has reached the horizontal support area of the pattern.
Pakistan has been facing one of the worst floods ever as a result of climate change. Several victims have drowned and are severely injured in many different regions. As a result, the EU has provided 350,000 euros to assist Pakistan’s flood victims.
GBPNZD Analysis
GBPNZD is moving in the descending channel and the market has fallen from the lower high area of the channel.
New Zealand has been one of the few countries that have tried to stay out of the war between Russia and Ukraine. However, it was recently revealed that a New Zealand soldier had been killed in Ukraine while on leave, and this has shocked the country.
Crude Oil Analysis
Crude Oil is moving in the Descending channel and the market has reached the lower high area of the channel.
China has finally opened up its borders to the public for the first time since the pandemic. As a result, the country has faced an influx of tourists and people who have now moved to China permanently or to study. This has caused the use of crude oil in the country to increase.
AUDJPY Analysis
AUDJPY is moving in the Descending channel and the Market has fallen from the lower high area of the channel.
Australia is facing one of the worst property market slumps in the world. As a result of inflation and a global economic crisis, people have stopped buying properties in Australia, and this is causing the market to collapse significantly.
CHFJPY Analysis
CHFJPY is moving in an Ascending channel and the market has rebounded from the higher low area of the channel
People around the world are very confused as to the stance of Japan in the war between Ukraine and Russia. This is because Russia recently revealed that they used Japan’s sea to patrol their bomb unit. This has angered and confused people all around the world.
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