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Tue, Feb 20, 2024

GBPUSD Analysis

GBPUSD is moving in an Ascending channel and the market has reached the higher high area of the channel.

Temperature in certain parts of the UK have now dropped to even about -17 degrees Celsius. This comes as a shock to many and it signifies that climate change is much worse than expected. Heavy snowfall and rain in the region has slowed businesses and kept people stuck at home.

GOLD Analysis

XAUUSD Gold price is moving in an Expanding channel and the market has fallen from the higher high area of the channel

XAUUSD Gold price is moving in an Expanding channel and the market has fallen from the higher high area of the channel.

While many of international leaders thought that the war has come to a slow now that holiday season has begun, this is not the case. A blast was heard in Kyiv earlier today which confirmed that Russia is not backing down anytime soon until they get ahead in the war.

SILVER Analysis

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

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

Both China and India have a disputed Himalayan border that was previously on a Status Quo. However, it was recently revealed that China has been trying to change this agreement which has now caused tensions in the borders between these two major nations.

 USDJPY Analysis

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

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

Japan has always held a defence status when it comes to any tensions with other nations. They are rarely the ones to go on an offence and actively start attacking their enemies. However, they have recently revealed plans to change this policy due to tensions with China.

USDCHF Analysis

USDCHF is moving in the Descending channel and the market has reached the lower low area of the channel 1

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

A report revealed that the US visa has a wait time of about two years for Indian travellers. This has caused Indians to face a halt in their travel plans into the great nation. Two years is a very long time and signifies just how backed up the US immigration system is.

EURCHF Analysis

EURCHF is moving in an Ascending triangle pattern and the market has reached the horizontal resistance area of the pattern

EURCHF is moving in an Ascending triangle pattern and the market has reached the horizontal resistance area of the pattern.

A recent corruption conspiracy came to light that involved the four members of the EU. These members also include the EU Vice President. This news comes as a shock only to some considering that the EU has been partaking in some shady activity for quite some time now.

GBPCAD Analysis

GBPCAD is moving in an Ascending channel and the market has rebounded from the higher low area of the channel 1

GBPCAD is moving in an Ascending channel and the market has rebounded from the higher low area of the channel.

Canada recently made an immigration visa change that allowed it to be easy for families to reunite in the country. However, they did not expect the sheer number of applications they would get as a result of this decision. As a result, they have now reversed the decision.

GBPCHF Analysis

GBPCHF is moving in an Ascending channel and the market has rebounded from the higher low area of the channel 2

GBPCHF is moving in an Ascending channel and the market has rebounded from the higher low area of the channel.

It seems like inflation in the UK has finally started to decrease and it is all because fuel prices have finally gone down slightly. Inflation was previously at a 41-year high which was considerably unbearable for the average family. Situations have gotten better ever since that peak.

AUDNZD Analysis

AUDNZD is moving in the Descending channel and the market has reached the lower high area of the channel 2

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

Australia has been the victim of cybercrimes for quite some time now. As a result, Australian banks have now gotten very skeptical towards any transactions that were carried out in cryptocurrency. Regulations for this digital currency mode of payment are stricter than ever.

NZDUSD Analysis

NZDUSD is moving in an Ascending channel and the market has rebounded from the higher low area of the channel

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

New Zealand passes a legislation that bans cigarettes for future generations. This news comes as part of their new regulation that aims to completely eradicate climate change in the country. The people of New Zealand are partly supportive and partly on the fence about this decision.


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