EURCAD Analysis
EURCAD is moving in an Ascending channel and the market has fallen from the higher high area of the channel.
It is not the first time Canada has seen China attempt to interfere in Canadian democratic institutions and government entities and it certainly won’t be the last. China has been accused of interfering in the matters of several nations in order to build a stronghold in the region.
XAUUSD Analysis
XAUUSD Gold price is moving in the Descending channel and the market has reached the lower high area of the channel.
Putin has managed to persuade a large section of Russians that the special operation of 2022 is a natural continuation of World War II. These group of Russians believe that the war with Ukraine is a right of passage and that they are in the right for taking it on.
USDJPY Analysis
USDJPY is moving in the Descending channel and the market has fallen from the lower high area of the channel.
The Japanese government’s new stimulus package will increase the country’s debt, which already exceeds 250% of GDP, even further. The people believe that the government looks like it is following in the footsteps of Liz Truss as she had a similar approach to the problem.
USDCHF Analysis
USDCHF is moving in an Ascending channel and the market has reached the higher low area of the channel.
Switzerland has often mediated in international conflicts. In some cases, it has made a decisive contribution to making peace, and that is the basis of its way of life. With conflicts involving Russia and Ukraine, Switzerland has acted as a mediator that takes no sides.
EURCHF Analysis
EURCHF is moving in an Ascending channel and the market has rebounded from the higher low area of the channel.
The EU has long been framed as a vehicle for establishing political unity among European countries. However, this same union is now blamed for causing divisions among multiple EU states due to the way it is dealing with the war between Russia and Ukraine.
GBPUSD Analysis
GBPUSD is moving in an Ascending channel and the market has rebounded from the higher low area of the channel.
British Prime Minister Rishi Sunak on Monday denied that his government was seeking to row back on the UK’s EU withdrawal deal. However, his government has been looking into the Brexit case and it seems like they are secretly planning on re-entering the EU.
GBPNZD Analysis
GBPNZD is moving in the Descending channel and the market has fallen from the lower high area of the channel.
Charities and MPs have criticized the UK for reducing the amount of money it gives to a major global health fund by almost a third. Decisions like these are what are going to cause the nation to suffer in the long run if it faces another major pandemic like COVID-19.
Crude Oil Analysis
Crude Oil has broken the Descending channel in Upside.
Suppose China’s President Xi Jinping was to start a large-scale war over Taiwan, using the same justification as Russian President Vladimir Putin. They are stating their reason for doing so is to defend their nation, which seems far-fetched considering Taiwan is majorly unarmed.
CHFJPY Analysis
CHFJPY is moving in the Descending channel and the market has fallen from the lower high area of the channel.
Japan’s economy unexpectedly shrunk in the third quarter as private consumption slumped and import costs rose. This is Asia’s second-largest economy, yet it is quickly making its way down the charts into one of the worst economies in an inflation crisis.
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