EURUSD Analysis
EURUSD is moving in the Descending channel and the market has fallen from the lower high area of the channel.
The EU signed an $80 million agreement with Egypt for a border management program. This program is meant to help with the migration process between Egypt and Libya. This program is also aimed at reducing the illegal immigrants in the region.
XAUUSD Analysis
XAUUSD Gold price is moving in the Descending channel and the market has reached the support area of the minor Box Pattern.
Even though real estate is meant to be one of the safest assets to invest in since it almost certainly increased in value, this has not been the case for China. Chinese properties are now facing depreciating due to falling market demands as a result of the pandemic and inflation.
XAGUSD Analysis
XAGUSD Silver Price is moving in an Ascending channel and the market has reached the higher low area of the channel.
Pakistan is currently facing a shortage in produce due to the floods that destroyed majority of the crops in the region. As a result, Pakistan is now looking to import almost 300K tons of Wheat from Russia. This decision is being frowned upon by the international community.
USDJPY Analysis
USDJPY has broken the Descending channel in Upside.
We recently revealed how Japan is looking to build ties with different countries in order to strengthen its position in the world map. This is in fear of China since they are slowly looking towards launching a military attack in Taiwan which may impact Japan as well.
USDCHF Analysis
USDCHF is moving in an Ascending channel and the market has reached the higher high area of the channel.
Switzerland has been accused by border control agents in the EU for allowing migrants to exist the country into other EU states without the necessary documentation. This is especially the case of migrants coming from Austria who are able to travel to other regions now.
USDCAD Analysis
USDCAD is moving in the Descending channel and the market has reached the lower high area of the channel.
Recently we talked about how international students in Canada can now work full time due to labor shortages. These students have come out revealing that Canada is exploiting them for cheap labor by not paying them enough wages to survive in the country.
GBPUSD Analysis
GBPUSD has broken the Descending channel in Downside.
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.
AUDUSD Analysis
AUDUSD is moving in the Descending channel and the market has reached the lower low area of the channel.
The Reserve Bank of Australia has recently revealed their new interest rates for the term. It was revealed they raised their rates by a quarter point which shows they are going the slow method. This is the second time in a row the rates were raised by 25 basis points.
NZDUSD Analysis
NZDUSD is moving in an Ascending channel and the market has reached the higher low area of the channel.
It is a big day for New Zealand as they are ready to face one of their familiar foes on the battleground in a cricket match against England. Fans expect that England will take the crown in the end due to past history with this team however, the community remains optimistic.
EURCHF Analysis
EURCHF is moving in the Descending channel and the market has reached the lower high area of the channel.
Ever since the boom in crypto, the majority of world leaders have been trying to stay away from this mode of transaction. However, the new PM of the UK Rishi Sunak has actually embraced the crypto trade, and it seems like the UK might be leading in this industry very soon.
Don’t trade all the time, trade forex only at the confirmed trade setups.
Get more confirmed trade setups here: forexgdp.com/buy/
