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Top 10 Forex News and Analysis – Aug 18, 2022
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GBPUSD Analysis

GBPUSD is moving in the Box Pattern and the Market has rebounded from the horizontal support area of the pattern.

The UK has recently made a trade agreement with Pakistan in which they’re going to release threatening and high-class criminals back to Pakistan. This comes as no surprise considering that the UK’s prisons are now being overwhelmed

Gold Analysis

XAUUSD Gold price has broken the Ascending channel in Downside. 1 1

XAUUSD Gold price has broken the Ascending channel in Downside.

Just yesterday, we talked about how Russia is now looking to target the Kharviv area of Ukraine. As a result, they have actually gone through with the plan and have killed six people in Kharviv. This was as a result of an attack on a residential apartment building.

Silver Analysis

XAGUSD Silver Price is moving in the Descending channel and the market has rebounded from the Lower low area of the channel 1

XAGUSD Silver Price is moving in the Descending channel and the market has rebounded from the Lower low area of the channel.

While Russia is winning the battle against Ukraine in Kharviv, the Ukrainian military is actually leading the battle in Crimea. They have attacked the Russian military in this area and have weakened their capacity quite significantly.

USDJPY Analysis

USDJPY is moving in an Ascending channel and the market has rebounded from the higher low area of the channel 2

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

In a surprising turn of events, Japan is now urging its younger people to start drinking more alcohol. Japan is known to be a country where people usually don’t drink much. However, this is hurting the economy as they’re not able to sell alcohol.

USDCHF Analysis

USDCHF is moving in the Descending channel and the Market has reached the Lower high area of the channel 1

USDCHF is moving in the Descending channel and the Market has reached the Lower high area of the channel.

Switzerland is known for its beauty all around the world. People come from every corner just to see the beautiful mountains and lakes of Switzerland. However, as a result of global warming, the Swiss lakes are at their lowest August level of all times.

EURCAD Analysis

EURCAD is moving in the Descending channel and the Market has fallen from the lower high area of the channel

EURCAD is moving in the Descending channel and the Market has fallen from the lower high area of the channel.

Most consulting agencies are still scratching their heads on why many people prefer to immigrate to Canada. This is because there are many better options in the EU which provide many more benefits and facilities to immigrants. Canada does not.

EURCHF Analysis

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

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

In these past couple of weeks, the EU has been talking more about their plans to cut natural gas consumption so that they can save enough energy for winter. However, they are still just talking about how they’re going to cut the consumption by 15%, and winter is almost here.

AUDUSD Analysis

AUDUSD is moving in an Ascending channel and the Market has reached the higher low area of the channel 2

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

As we all know, China and the US are mortal enemies. They both are in the lead to becoming the world’s superpowers. As a result, the US is now teaming up with Taiwan so that they can win the fight against China and make China weaker than the US.

AUDCHF Analysis

AUDCHF is moving in the Box Pattern and the Market has rebounded from the horizontal support area of the pattern

AUDCHF is moving in the Box Pattern and the Market has rebounded from the horizontal support area of the pattern.

In a shocking turn of events, we recently found out that Australia had cut many jobs unexpectedly. This has caused their unemployment levels to fall to 3.4%. This is a 48-year low and is causing havoc among Australians in the country.

NZDUSD Analysis

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

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

We recently found out something quite mortifying. New Zealand recently held an auction and it was revealed that in some suitcases in this auction, there were bodies of young children. It is unclear how this has happened but it has shaken the citizens of this island country.


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