Sat, Dec 10, 2022

XAUUSD Analysis

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

Just a few days ago, Russia revealed how it wanted to turn Ukraine’s Kherson into the city of death. However, just today they had to withdraw their troops from the city due to not having enough military equipment. This was an embarrassing moment for the Kremlin.

USDCHF Analysis

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

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

Switzerland has kept a reserve that has an emergency supply of energy. They revealed that they are planning to use this emergency supply during cold winter days in the country. This comes after Russia has cut them out of the supply of oil and gas.

EURUSD Analysis

EURUSD is moving in an Ascending channel and the market has fallen from the higher high area of the channel

EURUSD is moving in an Ascending channel and the market has fallen from the higher high area of the channel.

The president of the European commission and the president of the European council are both contradicting each other’s opinions and views on different issues surrounding the region. These two top officials are now facing backlash and told to get their heads straight.

NZDUSD Analysis

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

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

In a surprising turn of events, New Zealand has accused Canada of locking them out of their trade agreement where they were to supply dairy products to the island nation. Canada is yet to comment on the matter but it is unclear what would’ve caused this situation.

EURJPY Analysis

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

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

Prime Minister Fumio Kishida and Bank of Japan Governor Haruhiko Kuroda reinforced their show of a vigilant and united front Thursday afternoon in front of the public as the core CPI data is looming just around the corner. They are expected to face the wrath once again.

GBPJPY Analysis

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

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

Japan’s prime minister recently revealed at a conference that their main priority right now is strengthening and preparing themselves for the potential of a war against China. This comes after China fired some ballistic missiles into Japan’s economy.

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.

The trade minister of the UK was recently found to have a conference with Taiwan officials to discuss the potential of trade between the two countries. This comes in defiance of orders from China who are not happy that the UK is dealing with their enemy during a war.

AUDCHF Analysis

AUDCHF has broken the ascending channel in Downside

AUDCHF has broken the ascending channel in Downside.

Switzerland has recently announced its plans to cut greenhouse gas emissions in half by 2030. This is just a stepping stone in their ultimate plan to completely eradicate climate change by 2050. It is unclear if this will be possible keeping in mind that they’re facing melting glaciers.

CADCHF Analysis

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

CADCHF is moving in the Descending channel and the market has rebounded from the lower low 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.

Crude Oil Analysis

Crude Oil has broken the Ascending channel in Downside

Crude Oil has broken the Ascending channel in Downside.

Colombia receives support from Germany, Norway and the UK for implementing their ambitious plan to contain deforestation in the Colombian Amazon. These EU nations have been known to keep a strong front on the matter and are aiming to combat climate change as soon as possible.


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