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Top 10 Forex News and Analysis – Sep 23, 2022
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USDCHF Analysis

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

Recently we revealed how Japan is rapidly becoming a crypto world dominator. They have recently revealed their plans to base one of their crypto giants out of Switzerland. This mutual partnership will immensely benefit the relationship between these two countries.

GOLD Analysis

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

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

Ukrainian President Volodymyr Zelenskyy is urging Russians to protest against the war. More than 1,300 people across Russia were seen doing exactly that as they are against their government for the heinous war crimes they are committing in this country.

EURCAD Analysis

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

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

Hungary has recently shifted to a more strict and military form of ruling, where they are forcing their citizens to act a certain way. They are moving towards becoming another North Korea. The EU is pressing Hungary to reconsider, but it is uncertain if they will rethink their decision.

GBPUSD Analysis

GBPUSD is moving in the Descending channel and the market has rebounded from the lower low area of the channel 1

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

Just a while ago, the UK government had plans to enforce a corporate tax hike as well as place a cap on banker bonuses. However, they have recently scrapped and lifted both these rulings as the citizens are already struggling to pay their current bills as is.

GBPJPYAnalysis

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

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

We’ve been talking about how Japan has plans to expand its network of relations and build ties with surrounding countries. This is to keep themselves secure if they ever faced a war. As a result, they have recently made ties with Switzerland through a network of cryptos.

GBPNZD Analysis

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

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

There are many countries that are a part of the OECD which overlook the economic development of its bodies. New Zealand is part of the OECD as well. However, it is the only OECD country that doesn’t publish a monthly inflation report, and it isn’t going to either.

Crude Oil Analysis

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

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

India was one of the major buyers of Russian crude oil. This was mainly because they got a much cheaper rate through Russia than any other country. However, they are no longer buying a large supply of Russian crude oil because of high shipping rates from this country.

AUDCAD Analysis

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

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

While New Zealand has no plans to cooperate with China, it seems like Australia may finally be cracking as they are now considering to seek stable ties with China. They believe China holds great power and that it is only beneficial to be on its good side.

AUDUSD Analysis

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

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

There are a select few citizens in Australia that are still mourning the death of the Queen. Australia has even announced a day of mourning to take place every year. Activists in Australia are calling for the abolition of the monarchy and a holiday on the Queen’s death.

CHFJPY Analysis

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

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

Recently we revealed how ex-Japanese prime minister Able had a funeral that was attended by many. However, this funeral was seen as controversial, and several protestors demanded the cancellation of the funeral because Abe was a very disliked person in the country.


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