NZDUSD Analysis
NZDUSD is moving in an Ascending channel and the market has fallen from the higher high area of the channel.
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.
XAUUSD Analysis
XAUUSD Gold price is moving in the Descending channel and the market has fallen from the lower high area of the channel.
We recently talked about how Russia is teaming up with different Asian countries in order to strengthen itself in the war. They recently even stated to have built ties with South Korea for this purpose. However, South Korea has denied all allegations of any ties with Russia.
XAGUSD Analysis
XAGUSD Silver Price is moving in the Descending channel and the market has reached the lower low area of the channel.
China’s president recently met up with America’s president in order to discuss the possibility of good ties between the two countries. These two superpowers have always been at each other’s throats but now they are willing to build good ties between each other.
USDJPY Analysis
USDJPY is moving in an Ascending channel and the market has rebounded from the higher low area of the channel.
Japan has recently been trying to strengthen itself as it seems like it is going to be caught in the war between China and Taiwan. As a result, they are looking to gather as much military as possible in case that happens. This includes a recent missile purchase from the US.
USDCHF Analysis
USDCHF is moving in an Ascending channel and the market has rebounded from the higher low area of the channel.
In this year alone, Switzerland has recorded a loss of 6% of their glaciers. These glaciers have melted and are a potential climate change threat to the region. Despite already being close to the winter season, these glaciers don’t seem to be refreezing which is concerning.
AUDUSD Analysis
AUDUSD is moving in the Descending channel and the market has fallen from the lower high area of the channel.
Crypto mining is one of the many processes that take up a lot of energy. Since so much energy is consumed during this process and there is currently an energy shortage around the world, the EU is looking towards banning crypto mining in order to preserve more energy for winter.
GBPUSD Analysis
GBPUSD is moving in the Descending channel and the market has fallen from the lower high area of the channel.
There was recently a vote to see who would become the next prime minister. It was a battle between Liz Truss and Rishi Sunak. It was revealed earlier today that the votes have come to an end and Rishi Sunak has been named the new prime minister of the UK.
EURUSD Analysis
EURUSD is moving in an Ascending channel and the market has reached the higher low area of the channel.
Iran has recently been found to be supporting Russia in the war against Ukraine. In order to show their strength in front of the EU, they have recently blacklisted several top EU officials from entering the country for reasons including terrorism.
EURCAD Analysis
EURCAD is moving in an Ascending channel and the market has rebounded from the higher low area of the channel.
Remember how we talked about how Australia is trying to separate itself from the British monarchy? It turns out that Canada’s province of Quebec is also planning on doing the same as their separatist party calls for a split between the two nations.
EURCHF Analysis
EURCHF is moving in the Rising wedge pattern and the market has rebounded from the higher low area of the pattern.
In order to continue to combat climate change, the EU has signed an agreement to ban all new combustion cars starting in 2035. This is in light of the melting glaciers near Switzerland and other climate change issues that have been arising over the years.
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