Sat, Dec 10, 2022

AUDUSD Analysis

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

For the first time, emergency services in Australia’s most populous state have asked for international help with serious flooding west of Sydney. The emergency department of this nation has lately been struggling to keep up with the impact of climate change.

XAUUSD Analysis

XAUUSD Gold price is moving in an Ascending channel and the market has reached the higher low area of the channel 1

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

The United Nations political affairs chief has called Russia’s attack on Ukrainian cities the as most intense bombardment since Russia invaded Ukraine. Every day Russia is going one step further with the severity of its attack, and they are just getting a slap on the wrist.

XAGUSD Analysis

XAGUSD Silver price is moving in the Descending channel and the market has reached the lower low area of the channel

XAGUSD Silver price is moving in the Descending channel and the market has reached the lower low area of the channel.

Chinese President Xi Jinping scolded Canadian Prime Minister Justin Trudeau in an on-camera dressing down at the G20 summit. This was after Trudeau told Jinping that his methods were disliked by the nation. Jinping was not happy about this and ties are now fragile.

USDCHF Analysis

USDCHF is moving in an ascending channel and the market has reached the higher low area of the pattern

USDCHF is moving in an ascending channel and the market has reached the higher low area of the pattern.

Switzerland is set to reduce its carbon emissions by four million tons by decarbonizing its waste plants. They have signed a deal with different waste plants and organizations that are all set to make this plan a reality. However, it is expected to cost them significantly.

EURNZD Analysis

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

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

New Zealand’s housing market has been dropping steadily for a year, with high mortgage rates scaring many prospective buyers away. The country is too busy focused on eradicating global warming in the region that they are failing to see that their economy is collapsing.

EURGBP Analysis

EURGBP is moving in the Box pattern and the market has rebounded from the horizontal support area of the pattern

EURGBP is moving in the Box pattern and the market has rebounded from the horizontal support area of the pattern.

The European Union expresses its unwavering unity, resolve, and full solidarity with Poland and the Polish people following the missile explosion which took place recently as a result of the war between Ukraine and Russia. Poland is, unfortunately, becoming a victim of this war.

GBPJPY Analysis

GBPJPY is moving in the Rising wedge pattern and the market has reached the higher low area of the pattern

GBPJPY is moving in the Rising wedge pattern and the market has reached the higher low area of the pattern.

The U.K. government has blocked the takeover of the country’s largest microchip factory by a Chinese-owned firm over concerns it may undermine national security concerns. China has not been very positive in the news these days, and many nations are being wary of its intentions.

GBPAUD Analysis

GBPAUD has broken the Descending channel in Upside.

GBPAUD has broken the Descending channel in Upside.

Amid a massive labor shortage in the UK, the Rishi Sunak government has given way to allow for 3000 new visas to Indians to enter the job market in the region with ease. This should help alleviate the labor shortages in the nation as well as build ties between the two countries.

GBPCHF Analysis

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

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

Two-thirds of restaurants and cafés in Switzerland are likely to raise prices over the next three months to offset inflation. This comes as no surprise considering many other sectors in the region have also done the same considering that cost of living has gone up significantly.

AUDCAD Analysis

AUDCAD is moving in an ascending channel and the market has reached the higher low area of the channel 1

AUDCAD is moving in an ascending channel and the market has reached the higher low area of the channel.

Canada’s government has announced senior officials of the Islamic Republic of Iran have been officially banned from entering Canadian soil. This comes after the revelation that they are working with Russia in the war against Ukraine by supplying drones and military weapons.


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