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Wed, Oct 05, 2022

Gold Analysis

XAUUSD Gold price is moving in the Descending channel and the Market has fallen from the Lower high area of the channel.

It was revealed that Moscow is ready to begin peace talks with Ukraine in hopes to bring a pause to the war. Analysts and economists are not hopeful as they have held many peace talks previously but none of them have resulted in something useful. This will be the same.

USDCAD Analysis

USDCAD is moving in an Ascending channel and the Market has rebounded from the higher low area of the channel

USDCAD is moving in an Ascending channel and the Market has rebounded from the higher low area of the channel.

It was recently revealed that Canada’s exports had risen in the past month. This rise was by 2% and it is mainly due to the crude oil and gold exports. Since these commodities are in high demand, Canada was able to export them more. Other countries have done the opposite.

USDJPY Analysis

USDJPY is moving in an Ascending channel and the Market has rebounded from the higher low area of the channel

USDJPY is moving in an Ascending channel and the Market has rebounded from the higher low area of the channel.

Recently, we found out that China had launched a missile into Taiwan. This was in order to threaten the US. Due to this attack, the Japanese Prime Minister is now fearful of the region’s national security. He is pleading with other countries for help.

USDCHF Analysis

USDCHF is moving in an Ascending triangle pattern and the Market has rebounded from the higher low area of the Pattern

USDCHF is moving in an Ascending triangle pattern and the Market has rebounded from the higher low area of the Pattern.

Switzerland is one of the few, or we could say many, EU countries that were most impacted by the sanctions placed on energy resources from Russia. Due to this, Switzerland is now looking to make its own energy and has recently created a hydro plant for this exact purpose.

EURCHF Analysis

EURCHF is moving in the Descending channel and the Market has fallen from the Lower high area of the channel

EURCHF is moving in the Descending channel and the Market has fallen from the Lower high area of the channel.

The EU used to be a top destination for tourists. People would come from all over the world to visit the different top countries in the EU. However, as a result of the recent war in Ukraine, there have been tensions in the region due to which it is being avoided by tourists.

GBPUSD Analysis

GBPUSD is moving in the Descending channel and the Market has fallen from the Lower high area of the channel

GBPUSD is moving in the Descending channel and the Market has fallen from the Lower high area of the channel.

As a result of the increased prices of many goods and services within the UK due to inflation, the people have come out on a strike because they are unable to afford to live in the country anymore. The Bank of England is under heat for not being able to do its job.

GBPCHF Analysis

GBPCHF is moving in an Ascending channel and the Market has reached the higher low area of the channel

GBPCHF is moving in an Ascending channel and the Market has reached the higher low area of the channel.

The Bank of England is in fear of falling into another recession as a result of not being able to bring inflation under control. The citizens are angered and it is said that the Bank of England is receiving threats for this exact reason.

Crude Oil Analysis

Crude Oil is moving in the Descending channel and the market has reached the Lower low area of the channel

Crude Oil is moving in the Descending channel and the market has reached the Lower low area of the channel.

Recently we revealed how Japan has given up to bring their COVID cases under control. This was because they tried everything but the numbers kept increasing. The people of Japan are not happy with this decision and they believe that the government is being lazy.

AUDUSD Analysis

AUDUSD is moving in an Ascending channel and the Market has rebounded from the higher low area of the channel

AUDUSD is moving in an Ascending channel and the Market has rebounded from the higher low area of the channel.

While the rest of the world is busy in football season, Australia is looking to enter a new era of climate change period they are looking to decrease their greenhouse gas emissions by 43% in hopes of finally bringing back the good Australian weather that we are used to.

NZDUSD Analysis

NZDUSD is moving in an Ascending channel and the Market has rebounded from the higher low area of the channel 1

NZDUSD is moving in an Ascending channel and the Market has rebounded from the higher low area of the channel.

Recently we revealed that New Zealand is looking to change its name due to it being hurtful to the indigenous people of the country. This decision hasn’t been finalized yet but the indigenous people have come up in support of this decision.


Don’t trade all the time, trade forex only at the confirmed trade setups.

Get more confirmed trade setups here: forexgdp.com/forex-signals/

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