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Mon, Oct 03, 2022

USDCAD Analysis

USDCAD is moving in an Ascending channel and the market has fallen from the higher high area of the channel.

It was also known that the US had a very bad healthcare system. People would go to Canada to receive the proper healthcare treatments that they needed. However, recently the Canadian healthcare system has been struggling as well, and doctors are working overtime every day.

GOLD Analysis

XAUUSD Gold price is moving in the major and minor Descending channel

XAUUSD Gold price is moving in the major and minor Descending channel and the market has rebounded from the lower low area of the channel and reached the lower high area of the minor Descending channel.

After a very hard couple of weeks, Russia is now resuming its gas supply to different parts of Europe. It is unclear what caused them to start cooperating suddenly, but it is believed that this is mainly a result of the recent news that the EU may start sanctioning Russian visas.

SILVER Analysis

XAGUSD Silver Price is moving in the Descending channel and the market has reached the lower high area of the channel

XAGUSD Silver Price is moving in the Descending channel and the market has reached the lower high area of the channel.

While the majority of the countries are in support of Ukraine in the war with Russia, it seems as though Belarus has other plans. Belarus has been found to be an accomplice in this war and have been found to be siding with Russia and helping them out on many occasions.

USDJPY Analysis

USDJPY is moving in the Box pattern and the market has reached the resistance area of the pattern.

USDJPY is moving in the Box pattern and the market has reached the resistance area of the pattern.

Considering the economic crisis that is looming around Europe and the rest of the world, Japan is now looking to increase its defense budget quite significantly. They are preparing for the worst as they don’t want to get caught in possible tensions with China and Taiwan.

USDCHF Analysis

USDCHF is moving in an Ascending channel and the market has fallen from the higher high area of the channel 1

USDCHF is moving in an Ascending channel and the market has fallen from the higher high area of the channel.

Switzerland’s crypto giant BitMEX has recently faced a sharp downfall which has caused the crypto market in the country to go haywire. However, the good news is that they are now on the road to a recovery and we should expect stable conditions soon.

EURUSD Analysis

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

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

As we already know, the EU is looking to cut back on their energy usage in order to prepare for the winter months when they’d need it the most. In order to make this a reality, they have significantly increased electricity costs to motivate people to save more.

GBPUSD Analysis

GBPUSD is moving in the Box pattern and the market has reached the horizontal support area of the pattern

GBPUSD is moving in the Box pattern and the market has reached the horizontal support area of the pattern.

Just a couple of days ago, we revealed how the UK had donated a large sum of money to Pakistan for the flood relief victims. However, in a surprising turn of events, they have returned and donated an extra $15 million in humanitarian aid to rebuild damaged areas.

GBPCHF Analysis

GBPCHF is moving in the Box Pattern and the market has rebounded from the Horizontal support area of the pattern

GBPCHF is moving in the Box Pattern and the market has rebounded from the Horizontal support area of the pattern.

While many countries in the EU are supporting Pakistan and providing it with funding for flood relief, Switzerland and its neighboring countries may face a flood problem of their own. They are facing glaciers that have been melting for the first time in tens of thousands of years.

AUDUSD Analysis

AUDUSD is moving in the Descending channel and the market has rebounded from the lower low area of the channel

AUDUSD is moving in the Descending channel and the market has rebounded from the lower low area of the channel.

As we talked about previously, Australia is facing one of the worst labor shortages of all time. In order to combat this problem, they have declared to boost migrations to almost 200,000. They are in desperate need of workers entering the country.

NZDUSD Analysis

NZDUSD is moving in the Descending triangle pattern and the market has rebounded from the horizontal support area of the pattern

NZDUSD is moving in the Descending triangle pattern and the market has rebounded from the horizontal support area of the pattern.

As the world watches the housing market in New Zealand enter a recession, they must also look at themselves as this could very well be their future. New Zealand is one of the very first countries that is facing the impact of a recession and many others will soon follow as well.


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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