Silver Analysis
XAGUSD Silver price is moving in the Descending channel and the market has reached the Lower low area and retests the broken area of the Descending channel.
There is currently madness going on in China as government officials are breaking into the homes of suspected COVID patients to get them to the medical facility. On one hand, this seems pretty harsh but on the other hand, this is necessary as China is facing another wave.
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 saw that Putin was having talks with Turkey over a trade deal to allow the passage of grain from Ukraine to combat the food crisis around the world. Although no deal has been signed yet, this was a successful meeting with both parties agreeing to the conditions.
USDJPY Analysis
USDJPY is moving in an Ascending channel and the Market has rebounded from the higher low area of the channel.
One thing that is really strange for Japan right now is that it is struggling to get many tourist visitors as it did before the pandemic. This is despite the fact that their COVID cases are under control now and the borders are completely open to visitors.
USDCHF Analysis
USDCHF is moving in the Descending channel and the market has fallen from the lower high area of the channel.
As we already know that the EU is facing a major shortage in energy supply. Switzerland dreads that they won’t have enough energy to get past winter. Due to this, they are thinking of having 4 hours of power cuts every day to save up enough energy to last through winter.
EURUSD Analysis
EURUSD is moving in an Ascending channel and the Market has rebounded from the higher low area of the channel.
Switzerland is not the only country that is thinking to have power cuts. Since Putin himself declared that he’s going to be cutting off the gas supply to the EU, the EU themselves have urged the states to save up on energy till they get alternative resources.
EURCAD Analysis
EURCAD is moving in an Ascending channel and the market has rebounded from the higher low area of the channel.
There has recently been a network outage in Canada as one of their internet suppliers was upgrading their systems. This has caused over ten mission Canadians to be without internet for quite some time which had caused outrage in the country.
GBPJPY Analysis
GBPJPY is moving in an Ascending channel and the Market has rebounded from the higher low area of the channel
We recently found out that the UK released their CPI data which revealed numbers touching 9.4%. This is the highest inflation has been in over 40 years. If you think about this, you can understand just how dangerous this inflation is becoming day by day.
CADCHF Analysis
CADCHF is moving in an Ascending channel and the market has rebounded from the higher low area of the Ascending channel and reached the lower high area of the minor symmetrical triangle pattern.
Canada is one of the biggest immigrant destinations around the world. Every year, millions of people apply to immigrate to Canada. This year, the numbers seem to have doubled or tripled as Canada is currently facing a backlog of almost three million applications.
AUDJPYAnalysis
AUDJPY is moving in an Ascending triangle pattern and the Market has reached the Horizontal resistance area of the Pattern.
Australia is currently facing another wave of the Omicron virus and so they’re urging people to start working from home again. This is mainly because the hospitals in the country are starting to get overwhelmed with the cases once again.
NZDUSD Analysis
NZDUSD is moving in an Ascending channel and the market has fallen from the higher high area of the channel.
In order to attract immigrants into the country, New Zealand has introduced a new visa category for investors. In order to be eligible for this visa, you need to have made a minimum investment in Australia of $5 million.
Don’t trade all the time, trade forex only at the confirmed trade setups.
Get more confirmed trade setups here: forexgdp.com/forex-signals/
