GOLD Analysis
XAUUSD Gold price is moving in the Descending channel and the market has rebounded from the lower low area of the channel.
Just yesterday we revealed how Russia had attacked a nuclear power plant in Ukraine. However, we recently found out that the reactor in the power plant sustained no damage as a result of the attack. Therefore, Ukraine still has a good chance of surviving the war till Russia gives up.
USDJPY Analysis
USDJPY is moving in an Ascending triangle pattern and the market has rebounded from the higher low area of the Ascending triangle pattern.
The Japanese Yen is at a 24-year low with the US dollar. This is due to multiple reasons including inflation, interest rates, and the recession that is looming in the corner. There is a Bank of Japan meeting coming up that is crucial in figuring out how to combat this crisis.
USDCHF Analysis
USDCHF is moving in an Ascending channel and the market has broken the higher low area of the channel.
In order to combat the energy crisis in Europe seeking to probably jail time for those who use their electricity without any purpose. While this punishment may seem a bit harsh, it is exactly what is needed for the people to be serious about this crisis.
EURGBP Analysis
EURGBP is moving in an Ascending channel and the market has reached the higher high area of the channel.
The UK is looking to secure a trade deal with the US for some major food and energy shortages in the country. However, the prime minister Liz Truss recently revealed that they were unable to secure this trade deal in the short to medium term.
EURNZD Analysis
EURNZD is moving in the Descending channel and the market has reached the Lower high area of the channel.
New Zealand is an island country. And being an island country makes it more susceptible to new unknown diseases and reappearance of ancient diseases as well. The New Zealand government is now taking extra measures and precautions to keep everyone safe.
GBPJPY Analysis
GBPJPY is moving in an Ascending triangle pattern and the market has rebounded from the higher low area of the Ascending triangle pattern.
Considering the recent death of the Queen, the UK is in a state of uncertainty. Nations have been invited to the Queen’s funeral and nations have been rejected from joining as well. Many invited nations have refused to attend the funeral due to bad blood too.
GBPCAD Analysis
GBPCAD is moving in an Ascending channel and the market has rebounded from the higher low area of the channel.
Just like New Zealand, Canada is also more susceptible to new unknown and ancient diseases. This is because it is surrounded by glaciers on one end. These glaciers have frozen many viruses. The melting of these glaciers can do more harm than you think.
Crude Oil Analysis
Crude Oil Price is moving in the Descending channel and the market has rebounded from the lower low area of the channel.
Demand for this major energy resource is through the roof seeing that lockdowns have opened and the school year has begun once again. People are commuting to work and dropping off kids more so the supply of this resource is becoming more scarce.
AUDCAD Analysis
AUDCAD is moving in the Descending channel and the market has reached the Lower high area of the channel
Australia is trying to be a top residential destination like Canada. It is attempting to make visa processes super simple and easy so everyone would want to move to this great nation. However, competition is becoming a lot as other nations are doing the same.
CHFJPY Analysis
CHFJPY is moving in the Descending channel and the market has fallen from the lower high area of the channel.
Japan used to be known as one of the most advance countries in the world. They had all the latest technologies and people would visit the country to see the future. However, their economy has recently faced a major decline as a result of inflation and supply shortages.
Don’t trade all the time, trade forex only at the confirmed trade setups.
Get more confirmed trade setups here: forexgdp.com/forex-signals/
