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Wed, Oct 05, 2022

EURUSD Analysis

EURUSD is moving in an Ascending triangle pattern and the Market has rebounded from the Higher Low area of the Triangle pattern.

In light of the energy crisis taking over the entire Europe, the EU has revealed that they recently approved an almost three-billion-euro energy plan to help Germany with its heating. Germany has been one of the EU members most impacted by the cut in energy from Russia.

Gold Analysis

XAUUSD Gold price is moving in an Ascending channel and the Market has rebounded from the higher Low area of the channel 1

XAUUSD Gold price is moving in an Ascending channel and the Market has rebounded from the higher Low area of the channel.

In a surprising turn of events, it was revealed that the majority of villages and small towns in Russia actually have no idea about the truth of the war in Ukraine. All they know is that Russia is in a war with Ukraine but they have no idea the truth of who caused the war and other details.

XAGUSD Analysis

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

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

Just last week we talked about how Turkey was getting permission from Russia to receive Ukrainian grain. Russia accepted this request and the first shipment was sent to Turkey. After a long wait, we found out today that the shipment had passed the initial inspection against all odds.

EURCHF Analysis

EURCHF has broken the Descending channel in Upside.

EURCHF has broken the Descending channel in Upside.

Just last week, we talked about how the EU had been in talks with Azerbaijan to receive oil from this oil-rich state. It was revealed today that these talks have been successful which is great news for the EU as they can now relax a bit as they no longer have to completely rely on Russia for gas.

GBPCAD Analysis

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

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

In order to get a visa to enter Canada, you have to pass an English language proficiency test. Previously, IELTS was the only test that was accepted by Canada. However, recent updates reveal that Canada approved the use of a new language test called CELPIP for immigration purposes.

GBPJPY Analysis

GBPJPY is moving in the Descending triangle pattern and the Market has rebounded from the Horizontal support area of the Pattern

GBPJPY is moving in the Descending triangle pattern and the Market has rebounded from the Horizontal support area of the Pattern.

It seems as though Japan has tried everything to get rid of the COVID-19 virus from the country but has failed time and time again. Due to this, it now looks like the country has given up trying to eradicate this disease and is now finding ways to live with it instead.

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 has been one of the nations that have been most impacted by climate change. They are now taking measures to bring back prosperity and good weather conditions to the country. One of the ways they are planning on doing so is by relocating houses to ease the climate in the region.

AUDJPY Analysis

AUDJPY is moving in the Descending channel and the Market has rebounded from the lower low area of the channel

AUDJPY is moving in the Descending channel and the Market has rebounded from the lower low area of the channel.

Australia has previously been able to keep away from political tensions around the globe which is why it never had to review its military policies in quite a long time. However, it was recently revealed that they are now going to review their policies as a result of tensions with China.


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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