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Wed, Oct 05, 2022

GOLD Analysis

XAUUSD Gold price is moving in the Descending channel and the market has reached the lower low area of the channel.

There have been news circulating around that Russia has attacked a Southern nuclear power plant in Ukraine. This was one of the biggest military defences Ukraine had and so it is now significantly weaker in front of Russia. It is now believed that Russia will soon win the war.

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.

While we already know that Canada is significantly behind on its applications forms for visitor visas or student visas, what we failed to realise is that they’ve become careless as well. They have now begun rejecting applications on no real basis, thus showing they don’t read them properly.

USDJPY Analysis

USDJPY is moving in the Descending channel and the market has reached the lower high area of the channel

USDJPY is moving in the Descending channel and the market has reached the lower high area of the channel.

Typhoon Nanmadol has made its way to the Japanese city Kyushu and is destroying everything in its path. There has been heavy rain in the region and several deaths and injuries have been reported. People are recommended to stay at home until further notice or the storm settles.

USDCHF Analysis

USDCHF is moving in an Ascending channel and the market has fallen from the higher high area of the channel 2

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

Just a couple of days ago we revealed how Switzerland is now open to accepting Russian citizens into the country. We are already seeing how Russians are quickly fleeing the country due to the war and entering Switzerland as either refugees or new residents of this breathtaking country.

EURCHF Analysis

EURCHF is moving in the Descending channel and the market has reached the lower high area of the channels

EURCHF is moving in the Descending channel and the market has reached the lower high area of the channels.

The EU has previously been providing Hungary with billions of dollars in funding to help support the development and growth of their economy. However, since Hungary recently become a militarized country; the EU has decided to stop providing funding to this controlling state.

GBPAUD Analysis

GBPAUD is moving in the descending channel and the market has rebounded from the higher low area of the minor Ascending channel

GBPAUD is moving in the descending channel and the market has rebounded from the higher low area of the minor Ascending channel.

While everyone was so occupied with the death of the Queen, they failed to give the new prime minister Liz Truss the type of welcome she apparently deserves. She has been forgotten while the entire world looks towards the monarchy. However, she still joined the funeral of the Queen.

GBPNZD Analysis

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

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

King Charles III has always been known as someone who has a big fondness for the environment. Even before he was king, he was always founded helping the animals and plants around him. The citizens of the UK are keen to see whether or not they have an issue with it.

Crude Oil Analysis

Crude Oil has broken the Ascending channel in Downside.

Crude Oil has broken the Ascending channel in Downside.

In fear of oil demand, crude oil prices are now facing a dip in market value. It is also believed that Oman may be able to fulfil the entire demand of oil in the world. Oman is quickly developing their energy sector and we may no longer face an oil supply shortage in the world.

AUDUSD Analysis

AUDUSD has broken the Descending channel and market has retested the broken area of the channel and Horizontal support area of the minor Box pattern.

AUDUSD has broken the Descending channel and the market has retested the broken area of the channel and the Horizontal support area of the minor Box pattern.

New York has some of the most expensive properties in the world. It can cost an arm and a leg just to rent a one-bedroom apartment in New York. We also recently found out that this major hub has just listed one of the most expensive properties in the world at $250 million.

CHFJPY Analysis

CHFJPY is moving in the Descending channel and the market has reached the lower high area of the channel

CHFJPY is moving in the Descending channel and the market has reached the lower high area of the channel.

Japan is slowly entering the metaverse and crypto space after previously having its doubts about this new banking system. They have made it possible to now pay winners in crypto. If you take part in any contest in Japan, there is a good chance they may be offering coins to all players.


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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