GOLD Analysis
XAUUSD Gold price is moving in the Descending channel and the market has fallen from the lower high area of the channel.
The US has always sided with India and maintained a good relationship with them. However, India is also keeping close ties with Russia who is one of the biggest enemies of the US. The US has warned India to cut ties with Russia or it’ll cut ties with them and find a new country.
SILVER Analysis
XAGUSD Silver Price is moving in the Descending triangle pattern and the market has reached the lower high area of the triangle pattern.
Over the years, Google has slowly been removing all its services from China due to strict Chinese regulations that it didn’t abide by. Just recently, Google also removed its translate app from China which was one of the very few remaining services it offered in China.
USDJPY Analysis
USDJPY is moving in the Box pattern and the market has reached the resistance area of the pattern.
The Japanese prime minister is now depending on the tourism sector to revive the economy. All other hopes have failed as the Bank of Japan issues a warning that the economy is significantly declining despite all efforts. If the tourism plan fails, Japan faces a recession.
USDCHF Analysis
USDCHF has broken the Descending channel in Upside.
In a surprising turn of events, Switzerland reveals that inflation is finally under control as it was found to be slowing down significantly. Inflation in this Swiss nation has now reached 3.3%. While this is still quite significant, if it continues to drop as is, the economy will finally improve.
EURGBP Analysis
EURGBP is moving in the Box pattern and the market has fallen from the Resistance area of the Pattern.
Just a couple of weeks ago, the UK had plans to abolish tax on the high income individuals. This decision followed a lot of backlash. And recently, due to the struggling economy, the UK government makes a full U Turn as they take back this decision and reinforce tax on these individuals.
EURCHF Analysis
EURCHF is moving in the Descending channel and the market has reached the lower high area of the minor Descending channel under Major Descending channel.
Recent studies reveal that the EU is miles behind in regulating its digital space. While the EU struggles to shift to a more digital form of living, the rest of the world is thriving in this space. This lack of regulation means scams and other illegal activities happen with more ease.
EURNZD Analysis
EURNZD has broken the Descending channel in Upside.
While the EU is displaying a persona that everything is okay, it really ain’t. While it shows that it has a couple of alternative suppliers of gas, it actually doesn’t. Europeans need to prepare for a total gas supply cut in the colder months as the EU is quickly burning its supply.
AUDUSD Analysis
AUDUSD is moving in the Descending channel and the market has reached the lower low area of the channel.
Australia is now introducing a new bill that will help reunite families of now Australian citizens with their remaining families back home in Syria. Australia is set to carry out rescue missions to retrieve these family members and reunite them in Australia very soon.
NZDUSDAnalysis
NZDUSD is moving in the Descending channel and the market has reached the lower low area of the channel.
New Zealand is all set to finally receive back the remains of its indigenous people who were previously scattered in different parts of the world. Austria is one of the first countries to step up and return these returns to New Zealand which is seen as a very warm act.
CADCHF Analysis
CADCHF is moving in the Descending channel and the market has reached the lower high area of the channel.
Canada recently advised its citizens not to travel to the states that are bordering Pakistan. These include China, India, and Afghanistan. The reason they gave out this warning is that they believe there are land mines in these states. This has confused people worldwide as to how true this is.
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