Tue, Feb 20, 2024

USDJPY Analysis

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

Japan is all set to sign a new security arrangement with Australia amidst the rising tensions in China. Both Australia and Japan are mutual enemies of China. In order to become more powerful against them, they decided to team up and protect each other.

XAUUSD Analysis

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

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

Russia is becoming more and more vicious as the days go by. They are getting into arguments with other nations and it seems like they are trying their best to break most of the diplomatic ties that don’t benefit them in any way. As a result, NATO is now holding nuclear drills to prepare.

USDCAD Analysis

USDCAD is moving in the Descending channel and the market has fallen from the Lower high area of the channel

USDCAD is moving in the Descending channel and the market has fallen from the Lower high area of the channel.

Canada is going through some major upgrades in its immigration system. They are now allowing students to work full-time in the country due to the labor shortage that is hurting their economy. Despite this, they are not bringing enough actual workers into the country.

USDCHF Analysis

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

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

Studies reveal that over half of the children population in Switzerland experience domestic violence in some shape or form. There is also a rise of human trafficking victims in this Swiss nation. It is unclear how this was not considered when this was named the best place to live in.

EURUSD Analysis

EURUSD is moving in the Descending channel and the market has fallen from the lower high area of the channel 2

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

Switzerland previously never faced a big issue of illegal migrants entering the country. However, in light of the inflation crisis impacting the entire world, Switzerland is quickly becoming a top destination for illegal migrants who are trying to build a name for themselves in a foreign land.

NZDUSD Analysis

NZDUSD is moving in the Rising wedge pattern and the market has rebounded from the higher low area of the pattern

NZDUSD is moving in the Rising wedge pattern and the market has rebounded from the higher low area of the pattern.

New Zealand has always been a nation that would isolate itself from others and only focus on itself. However, with new threats from China and the uncertainty around the world, they are looking to build ties with other countries and have recently done so with India.

GBPJPY Analysis

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

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

The UK is currently having secret dealings with the Chinese military, which they would like to keep off the books. They are trying to pass on some large sums of money to the Chinese military without getting noticed. To do so, they are using ex-UK pilots.

Crude oil Analysis

Crude oil price is moving in the Descending channel and the market has reached the lower high area of the channel

Crude oil price is moving in the Descending channel and the market has reached the lower high area of the channel.

China has always wanted to become a world dominator, and it has everyone’s attention now more than ever. They are looking to become the next US, and they are not backing down from any fight if it means that they are going to get this title in the end.

CADCHF Analysis

CADCHF is moving in the Descending channel and the market has reached the lower high area of the channel 1

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

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.

AUDNZD Analysis

AUDNZD is moving in an Ascending channel and the market has reached the higher low area of the channel 2

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


Don’t trade all the time, trade forex only at the confirmed trade setups.

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