Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

USD/ZAR: the downtrend continues
USD/ZAR: the downtrend continues

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

GBP/USD: 'V-Bottom' pattern
GBP/USD: 'V-Bottom' pattern

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...

XAU/USD: the gold strengthens
XAU/USD: the gold strengthens

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

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