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Wed, Oct 05, 2022

Crude Oil Analysis

Crude Oil is moving in an Ascending triangle pattern and the market has fallen from the Horizontal resistance area of the pattern.

China is the biggest consumer of oil and natural gas. They previously faced a lockdown that caused them to be unable to use these products as often. However, now that the lockdown has been lifted, they are using a lot of crude oil which has caused supply to decrease and prices to increase.

GOLD Analysis

XAUUSD Gold price is moving in the Descending triangle pattern and the market has reached the horizontal support area of the pattern

XAUUSD Gold price is moving in the Descending triangle pattern and the market has reached the horizontal support area of the pattern.

The Russian government recently came out in a statement revealing just how grateful they are that China has decided to support their cause. This is because China is now facing hot waters for supporting the military atrocities being committed in Ukraine because of Russia.

 USDJPY Analysis

USDJPY is moving in an ascending channel and the market has reached the higher low area of the channel 2

USDJPY is moving in an ascending channel and the market has reached the higher low area of the channel.

Japan has finally opened up to the crypto and NFT market as they are now using these virtual methods of funding to reward certain citizens for their exemplary service. Local authorities who have played a major role in the security of the country have begun receiving NFTs.

USDCHF Analysis

USDCHF has broken the Ascending channel Downside.

USDCHF has broken the Ascending channel Downside.

Switzerland is slowly trying to become the top sports destination in the world. They have now applied for the country to host the Women’s Euro Cup 2025. While the chances of their application getting accepted are pretty good, it is unclear if this is the right route to take.

EURUSD Analysis

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

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

Members of the EU recently came together to see their stance on the war committed by Russia. Top officials are debating the chances of Russia failing and the EU coming out stronger. It is revealed that majority of the EU members believe it is only a matter of time before Russia breaks.

EURAUD Analysis

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

EURAUD 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, Australia has been found dodging all paths leading to a recession so far. While the country is facing a labour shortage and housing crisis, they are surprisingly doing pretty well in terms of their GDP and might actually make it through just fine.

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.

In order to fight the unfair working conditions in the EU, they are now banning and restricting the sale and production of products made under unethical working conditions. The world is divided on this decision as while it seems like a good decision, it is going to cause many people to lose jobs.

GBPUSD Analysis

GBPUSD is moving in an Ascending channel and the market has reached the higher low area of the channel

GBPUSD is moving in an Ascending channel and the market has reached the higher low area of the channel.

The death of Queen Elizabeth II is by far the most breaking news for the UK these days. The GBP markets are unstable due to the uncertainty surrounding the Queen. King Charles III has found himself in the middle of a controversy as his racial past is now resurfacing once again.

GBPCAD Analysis

GBPCAD is moving in an Ascending channel and the market has reached the higher low area of the channel

GBPCAD is moving in an Ascending channel and the market has reached the higher low area of the channel.

One of the first duties King Charles III has taken up after sitting on the thrown is ensuring that the allies of the UK are still having their back. Canada has openly reassured the UK that they are still supporting them. However, Australia may no longer want to back the monarchy.

NZDUSD Analysis

NZDUSD is moving in the Descending channel and the market has reached the lower low area of the channel

NZDUSD is moving in the Descending channel and the market has reached the lower low area of the channel.

Just a couple of weeks ago we revealed how there was a chain killer on the lose in New Zealand after the bodies of many Korean children were found in suitcases. Today there was finally a lead as it was revealed that a suspect has been arrested. The woman is said to be linked to this incident.


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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