GBPCAD Analysis
GBPCAD is moving in an Ascending channel and the market has reached the higher low area of the channel.
The UK is facing heavy snowfall since the past couple of days which has caused roads to be blocked. The snow has become deadly with several residents getting injuries and fancies fatalities. The government has yet to take measures to clear the snow and make roads accessible again.
Gold Analysis
XAUUSD Gold price is moving in the Descending channel and the market has reached the lower high area of the channel.
Russia’s president recently had a meeting with China’s president to discuss future potential for any military ties. Both of these countries can dominate the world if they team up as they’ll get double the resources to defend themselves from any security concerns.
USDCHF Analysis
USDCHF is moving in the Descending channel and the market has reached the lower high area of the channel.
Switzerland has previously been focused on their football team however now that the World Cup is basically over, they are back to their original plans of ensuring that climate change is their number one priority. They are issuing heavy fines to anyone who doesn’t comply with their terms.
USDJPY Analysis
USDJPY is moving in the Descending channel and the market has reached the lower high area of the channel.
Japan has found itself stuck between the war that China started with Taiwan. China has started to attack Japan as well and this country is not prepared as it never faced similar circumstances. Japan is now building ties with Middle Eastern countries for military support.
EURGBP Analysis
EURGBP has broken the Ascending channel in Downside.
It has now been a while since the Queen passed away and the world has finally moved on and is looking to King Charles to lead the way. The Royal family recently attended a public event where it looked like the Queen consort Camilla was finally accepted by fans and citizens of the UK.
EURCAD Analysis
EURCAD is moving in an Ascending channel and the market has fallen from the higher high area of the channel.
Canada’s immigration system is under public scrutiny after students and workers are facing delays and waste of time from the slow immigration system that is taking over a year to process applications. Canada has yet to do something to speed up the process.
Crude Oil Analysis
Crude Oil is moving in the Descending channel and the market has rebounded from the lower low area of the channel.
China has previously been on a lockdown where businesses had to be shut down temporarily to control the number of people who tested positive. This caused oil usage to slow down in the country. Now that the country is running again, oil usage is back to normal.
GBPCHF Analysis
GBPCHF is moving in an Ascending channel and the market has rebounded from the higher low area of the channel.
The current inflation crisis in the country is not only impacting residents, but it is also impacting people who are looking to become residents of the UK. This is as the UK is quickly becoming unaffordable to many and people are cancelling their visas for the country.
AUDJPY Analysis
AUDJPY is moving in the Descending channel and the market has reached the lower high area of the channel.
There has recently been a gun battle in a rural area of Australia which has caused the death of 6 Australian police officers. The news comes as a shock to many as the country rarely faces an issue of gun violence. This news has shocked the country to the core.
AUDNZD Analysis
AUDNZD is moving in the Descending channel and the market has reached the lower high area of the channel.
New Zealand has recently introduced a new visa rule where nurses are now given direct residency in the country. This comes after it was recently revealed that New Zealand is facing a severe shortage of nurses. They are incentivising nurses to enter the country.
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