Tue, Feb 20, 2024

EURUSD Analysis

EURUSD is moving in the Descending channel and the market has fallen from the lower high area of the channel.

What is shocking to people is the fact that there are still over 10,000 Afghan refugees in the UK who are yet to have a roof over their heads. This is surprising as the UK has already been providing roofs for the Ukrainian refugees despite the Afghan refugees being there first.

GOLD Analysis

XAUUSD Gold price is moving in the Descending channel and the market has fallen from the lower high area of the channel 3

XAUUSD Gold price is moving in the Descending channel and the market has fallen from the lower high area of the channel.

The war between China and Taiwan is currently one of the biggest factors impacting the precious metal markets. Even though it is said that there is currently nothing going on between the two, China is very well going to invade Taiwan very soon.

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.

In Russia, it is currently illegal to speak against the government. Due to this reason, a Russian TV journalist was detained over the criticism of the Ukraine war. She spoke in favor of Ukraine which made Russia angry and they detained her.

USDJPY Analysis

USDJPY is moving in an Ascending channel and the market has reached the higher high area of the channel 1

USDJPY is moving in an Ascending channel and the market has reached the higher high area of the channel.

Recently we found out that the situation in Palestine has become worse as Israel is continuing to bomb and fire the capital, Gaza. Japan’s foreign minister revealed that he is on Palestine’s side and he welcomes a ceasefire in Gaza and stresses that violence is not the answer.

USDCAD Analysis

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

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

Climate change is having a big impact in Canada as we are now seeing that the Canadian province of Newfoundland and Labrador have declared emergencies as they are facing the worst wildfires in over 50 years.

USDCHF Analysis

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

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

In the last couple of days, we have revealed that the US is planning on an energy-saving situation. They hope that they can save enough energy at the moment to last them through winter. As a result, Switzerland may now join this initiative as they do not want to freeze either.

GBPJPY Analysis

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

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

As the cost of living continues to increase in the UK, the BOE is in hot waters as the people no longer believe that it is able to control the inflation period as a result, many Brits are now making significantly large cash withdrawals as they believe their money is safer with themselves.

GBPCHF Analysis

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

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

In light of the recent inflation crisis in the UK, many businesses in the UK had to be shut down. As a result, the self-employed people in the UK have significantly decreased which is very surprising as the UK that one of the largest self-employed people in the world.

AUDCHF Analysis

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

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

While the rest of the world continues to make trade deals with China, Australia is still on the fences. Australia does not believe that China has the best intentions especially due to the recent war with Taiwan. Therefore, Australia is not ready to tackle trade disputes.

AUDNZD Analysis

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

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

We found out today that New Zealand tops the world for island pest eradication. What this means is that New Zealand was able to eradicate an invasive species of pests from the island. This is new as any other island country has not been able to do the same.


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