EURGBP is moving in an Ascending channel and the Market has reached the higher low area of the channel.
While several states in Europe are now looking for alternate means of receiving their gas supply, the UK is still in denial that they have a gas shortage problem in the first place. They need to come up with a plan before the country freezes through the winter.
XAUUSD Gold price is moving in an Ascending triangle pattern and the market has reached the Horizontal resistance area of the Pattern.
Ukraine has been in hot waters recently as their president decided to have a Vogue photoshoot with his wife while the country is falling apart. Some believe this to be a publicity stunt while others believe they’re doing it for the greater good of the country.
USDJPY is moving in the Descending channel and the Market has fallen from the Lower high area of the channel.
There is a new trend going around in Japan where pets are wearing portable fans to help them from the heatwave in the country. This is a new take on climate change as we haven’t seen any other nation come forward showing that they care for their pets in this way.
USDCHF is moving in the Box Pattern and the Market has reached the Horizontal support area of the pattern.
Switzerland faces some of the harshest winters in the region. Despite this, they don’t have their own gas reserves to store gas for winter. Since the recent gas shortage in the EU, Switzerland is now trying to secure gas storage deals with some neighboring countries to help them.
EURCAD is moving in the Descending channel and the Market has reached the lower high area of the Channel.
Canada has been one of the few countries that have a visa process that is hard to understand for many. On one hand, Canada is in dire need of students and workers. Yet they still have some of the highest visa rejection rates in the world.
Crude Oil Analysis
Crude Oil is moving in a Symmetrical triangle pattern and the market has reached the Bottom area of the Pattern.
It seems to be a pattern with China where one week they are fine and the next week they are battling a new wave of the pandemic. This cycle keeps repeating itself and China is now facing another wave that has disrupted the production capacity in factories.
GBPUSD is moving in the Descending channel and the Market has reached the Lower high area of the channel.
Russia’s president Putin has openly declared that the US is a threat to Russia. This may not seem like a big deal at first but it can put Russia’s allies against the US which can cause the US to lose its value as one of the biggest superpowers in the world.
GBPNZD is moving in the Descending triangle pattern and the Market has fallen from the Lower high area of the Pattern.
It seemed like this day wouldn’t come but New Zealand has finally fully reopened its borders after the two long years they were closed due to the pandemic. New Zealand has been strict in its fight against this virus and this has finally paid off now that they are pandemic-free.
AUDUSD is moving in the descending channel and the market has reached the Lower high area of the channel.
Australia, along with Switzerland, has been one of the few countries that have previously legalized assisted suicide. However, this was banned in Australia for quite some time now. Recently, talks have begun to once again lift this ban and allow assisted suicide in the country.
CHFJPY is moving in the Box Pattern and the Market has reached the Horizontal Support area of the Pattern.
Japan’s prime minister Kishida has raised an international alarm as he declares that the world must get rid of all nuclear weapons in order to maintain the safety of the people and prevent another destructive world war that could do more harm than good.
Don’t trade all the time, trade forex only at the confirmed trade setups.
Get more confirmed trade setups here: forexgdp.com/forex-signals/