USDCHF is moving in the Descending channel and the market has reached the lower high area of the channel.
Switzerland is now celebrating the fact that they were named the top country in the world to live in. However, they are also suffering because now many people are applying to live in Switzerland which is placing pressure on their immigration system.
XAUUSD Gold price is moving in the Descending channel and the market has fallen from the lower high area of the channel.
Just a few months ago Russia was in route to becoming in default. However, the recently gained support of many nations such as China due to which they now have abundance of funds to continue the war for the foreseeable future.
USDJPY is moving in an Ascending channel and the market has reached the higher high area of the channel.
Japan is going to become one of the first countries to enter recession as their plan of growing their economy from the tourism sector is not going to work out as it seems. So, they are now looking to the Bank of Japan for new ways to manage this inflation.
EURGBP is moving in an Ascending channel and the market has reached the higher low area of the channel.
People are admiring the fact that the royal family came out after the Queen’s funeral to meet a lot of well wishers. They spend a lot of time praying and talking with these people who felt gravely emotional as a result of the death of their long living queen.
GBPUSD is moving in the Descending channel and the market has fallen from the lower high area of the channel.
As a result of the recent court case facing Roe v wade there is much tension going on in the streets. People are having strikes once again which is causing the nearby businesses to fail to retain customers due to the traffic jams in the area.
GBPCAD is moving in the Descending channel and the market has fallen from the lower high area of the channel.
People are slowly getting the results from their visa application which they applied to enter Canada and it is not great. Many people have claimed that Canada is rejecting the applications due to reasons that are not valid to them. This is quite alarming as it seems like the immigration system is not doing its job well.
Crude Oil Analysis
Crude Oil is moving in the Descending channel and the market has reached the lower high area of the channel.
People are now slowly realising the true impact that is going to be caused as a result of the shortage of crude oil all around the world. As winter is approaching even the UK has announced that they are going to do load shedding of gas and electricity so that the country can survive the winters with ease.
AUDUSD has broken the Box pattern in Downside.
As we mentioned previously, the Australian government is thinking about removing themselves from the crown and completely separating into a nation of their own. As a result, the UK is now facing another region that is no longer supporting them as a result of the death of the queen. This is causing King Charles to face difficulty in managing and maintaining ties with several nations.
NZDUSD has broken the Ascending channel in Downside.
The people of New Zealand are quite concerned as to how they are going to get their meat products as New Zealand has now band the entry of all types of meat as a safety precaution. This is because, New Zealand just faced a big threat to the animal population and they don’t want to make it any worse.
CHFJPY is moving in an Ascending channel and the market has reached the higher low area of the channel.
Just a few weeks ago, we mentioned how Switzerland was looking too now place fines on people who are not meeting the gas regulations. But this means is anyone who uses more gas than how much was instructed they can now face fines for wasting the gas supply in the country. Although this is against many peoples wishes it is needed in order to ensure that the country has enough gas for winters.
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