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Mon, Oct 03, 2022

EURCAD Analysis

EURCAD is moving in the Descending channel and the Market has reached the Lower high area of the channel.

Ever since the EU banned the importation of Russian gas due to the war crimes they’ve been committing in Ukraine, they are looking for a new alternative supplier for this rare commodity. It was recently revealed that gas has been discovered in Cyprus which is great news for the EU.

XAUUSD Analysis

XAUUSD Gold price is moving in the Box Pattern and the Market has rebounded from the Horizontal support area of the Pattern. 1

XAUUSD Gold price is moving in the Box Pattern and the Market has rebounded from the Horizontal support area of the Pattern.

In a surprising turn of events, the Russians themselves believe that they are going to lose the war as they don’t believe they have an infinite amount of military supplies and support. This is surprising as Ukraine is currently facing a tough time however, they are not giving up.

USDJPY Analysis

USDJPY is moving in an Ascending channel and the Market has reached the higher low area of the channel

USDJPY is moving in an Ascending channel and the Market has reached the higher low area of the channel.

Japan is one of the few countries that is home to some active volcanoes. Earlier today, one active volcano in Japan erupted in Kyushu which is a southern island. This caused the evacuation of two towns that were situated close to the volcano.

USDCHF Analysis

USDCHF is moving in the Descending channel and the Market has fallen from the Lower high area of the channel 1

USDCHF is moving in the Descending channel and the Market has fallen from the Lower high area of the channel.

Switzerland is one of the go-to countries to keep assets due to its stable banking system. However, they have been holding over $300 million in assets of Uzbekistan frozen and not giving them access to it. Uzbekistan recently won a case to claim back these assets.

GBPUSD Analysis

GBPUSD is moving in an Ascending triangle pattern and the Market has reached the Horizontal resistance area of the Pattern

GBPUSD is moving in an Ascending triangle pattern and the Market has reached the Horizontal resistance area of the Pattern.

Ever since the current prime minister of the UK had given his resignation, there have been several candidates coming forward. The main point to note is that these candidates claim that they will bring back the Rwanda policy which will make it difficult for illegal migrants to enter the UK.

GBPNZD Analysis

GBPNZD is moving in the Descending channel and the Market has reached the Lower high area of the channel.

GBPNZD is moving in the Descending channel and the Market has reached  the Lower high area of the channel.

Indonesia is currently facing a major outbreak of foot and mouth disease which impacts livestock as it is highly contagious. New Zealand president Arden has warned that this disease is going to cost the country billions of dollars and many lost jobs.

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.

Since climate change is of a big concern everywhere around the world, it is also causing hay fever to be activated once again. The UK gets the brunt of the impact of hay fever as several of its citizens face this issue every year.

Crude Oil Analysis

Crude Oil is moving in the Descending channel and the Market has reached the Lower high area of the channel 1

Crude Oil is moving in the Descending channel and the Market has reached the Lower high area of the channel.

China has been slowly making trade deals all over the world. The US has tried to steal the trade with the Middle East however, they were rejected and therefore showing that the world trusts China more in delivering their word in these trade deals.

CADJPY Analysis

CADJPY is moving in an Ascending channel and the Market has rebounded from the higher low area of the channel

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

The indigenous people of Canada have been facing a lifetime of abuse in the country. Due to this malpractice, the Pope has declared that he will be having a pilgrimage in Canada where he will meet these people and help them through their sufferings.

AUDUSD Analysis

AUDUSD is moving in the Descending channel and the Market has reached the Lower high area of the channel

AUDUSD is moving in the Descending channel and the Market has reached the Lower high area of the channel

Australia is facing a new wave of COVID-19 infections which is surprising as the rest of the world has finally recovered from this deadly virus. It was revealed that just today, over 5000 Australians were hospitalized from COVID-19. We haven’t seen these numbers in a while.


Don’t trade all the time, trade forex only at the confirmed trade setups.

Get more confirmed trade setups here: forexgdp.com/forex-signals/

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