Daily Market Analysis

On the daily chart of GBP/USD, bears managed to move the pair outside the triangle.

On November 22, the South African Reserve bank (SARB) raised its interest rate to 6.75%. How does it affect the South African rand?

It's likely that the pair is going to test the next resistance at 1.1429. If any bearish pattern forms on this level little later on...

The main intraday target is the next support at 1.2695 - 1.2684. The following pullback from this area could lead to a bullish correction...

On the daily chart of XAU/USD, the successful break of the resistance at 1,229 signal the further rise of the gold.

On the daily chart of USD/CAD, the targets of "Shark" (88.6%) and "Wolfe Waves" patterns were implemented.

There may be a harmonic pattern forming that can give the cryptocurrency a short-term bullish impulse.

The pair closed below the trendline support line on Monday. MACD is declining.

It's likely that the pair is going to test the nearest support at 1.1319 soon. If a pullback from this level forms next...

The subsequent pullback from 1.2852 - 1.2883 could be a starting point for a bearish correction towards the closest support...

While risk-sensitive currencies like AUD and NZD try to figure out whether to close gaps or not, the USD is strengthening versus gold.

On a daily chart of AUD/USD, the gap-up of the week occurred.