Forex101analysis

Forex101analysis

The US CPI pushing to a record of 7.9% in February, as food and energy costs pushed prices to highest in more than 40 years. The perfect storm between pandemic economic knock-on effects, supply chain issues and now war have created a monster in inflation, and it is clearly out of the Fed's control - and every other Reserve Bank around the world.

Forex101analysis

The US CPI pushing to a record of 7.9% in February, as food and energy costs pushed prices to highest in more than 40 years. The perfect storm between pandemic economic knock-on effects, supply chain issues and now war have created a monster in inflation, and it is clearly out of the Fed's control - and every other Reserve Bank around the world.

Forex101analysis

USD/ZAR stays pressured around the lowest level since November 17, down for fourth consecutive day. Bearish MACD signals, clear downside break of two-month-old previous support line favor sellers. 100-DMA, six-month-old ascending trend line lure bears, upside momentum remains elusive below $16.15. USD/ZAR remains on the back foot around a multi-day low, down 0.50%...

Forex101analysis

• Rising domestic inflationary influences point towards real yields continuing to compress. Having peaked above 6% in Q1, they are set to dip below 4%, as CPI looks set to advance from September’s 5.0% amidst ongoing food and energy price gains • Having moved beyond the mid-point of the 3-6% SARB target range in August, prices risk threatening the top of the price...

Forex101analysis

•GBP/USD is consolidating around 1.3400, just above year-to-date lows printed earlier in the session. Worse than expected UK GDP data did little to impact GBP amid subdued Thursday trading conditions due to Veteran’s Day. •Having briefly dipped to fresh year-to-date lows in the 1.3360s earlier in the session, GBP/USD is currently consolidating either side of the...

Forex101analysis

• Gold remains slightly below $1834/36 but has improved in the short-term as Real Yields fall. Still, the yellow metal needs to surpass this region to sustain a deeper recovery, according to strategists at Credit Suisse. • Gold bulls need a daily closing above the $1,834 barrier to unleash the further upside. The next stop for gold buyers is seen at the $1,840...

Forex101analysis

•Reversal pattern on weekly chart hanging man • Recent US dollar strength versus the South African rand has come to an end. USD/ZAR topped out at 15.4929 and is to slide back towards the September trough at 14.0630, Axel Rudolph, Senior FICC Technical Analyst at Commerzbank, reports. USD/ZAR depreciation is on the cards “The 55-day moving average at 14.7906 and...

Forex101analysis

• Initial support seen at 15.10 •USD/ZAR has confirmed a multi month inverse Head and Shoulders denoting possibility of extension in uptrend. Daily MACD has crossed above its trigger and is in positive territory which points towards prevalence of upside momentum.

Forex101analysis

• Bitcoin rallied toward its all-time high on Monday and ether climbed to a fresh record as cryptocurrencies rode a wave of momentum, flows, favourable news and inflation fears. •Bitcoin jumped more than 4% to as high as $66,170, approaching the unprecedented $67,016.50 level reached on Oct

Forex101analysis

• Metals are rising considerably boosted by lower US yields on Friday. Gold broke above $1800 and is testing a key short-term resistance area around $1810. A firm break higher could trigger more gains. •Economic data form the US came in above expectation with payrolls rising by 531K in October above the 425K of market consensus. The greenback rose initially but...

Forex101analysis

•Nasdaq is at it’s highest price and it’s strongest bearish trend line they might be a possible short sell ,for the past 3 months the price declined on the same level as bearish trendline #1 (price bar) 17001.0 -332 #2 (price bar) 12990.9 - 87

Forex101analysis

•USDZAR is following yesterday’s news and reversal pattern I mentioned •it’s also following market sentiment

Forex101analysis

•GBPUSD following the fundamental analysis posted on the the 27 oct

Forex101analysis

•USDZAR formed a doji on a bullish trend indecision between buyers and seller it’s a sign that shows that sellers might take control of the market • Global inflation concerns and the weaker rand are increasing speculation that the SARB will start raising rates as soon as their next meeting on 18th November. However, we do not expect modest rate hikes to offer...

Forex101analysis

•BTC formed a reversal pattern on D1 and h4 and failed to open below trendline • Bitcoin is slowly pulling back the early week sell-off and is back in the multi-week bullish channel that has defined BTC price action over the past months. The early-May double high print has also acted as a brake to any recent downside move, and if BTC can keep above the 20-day...

Forex101analysis

•Microsoft passed Apple in market cap on Friday, making it the world's most valuable public company.The Economic of US rely on stocks for cash flow to strengthen US Economic (bearish confirmation) •Gold fail to break strong resistance 1814.00 seller have taken over the market high demand of USD (bearish confirmation) •Gold did break-in on the trendline point...

Forex101analysis

• The corrective pullback portrays a short-term descending triangle bullish chart pattern amid a firmer RSI line. However, the previous support line from September 22 becomes the key challenge for bull’s entry. • Hence, the USD/JPY pair’s upside break to the 114.00 threshold becomes imminent but the further upside will be challenged by the stated triangle’s upper...

Forex101analysis

Gold changed direction after touching trend-lines (secondary trendline and main) • Gold’s four-hour chart shows that the price has been teasing a descending triangle breakout, with a candlestick closing above the falling trendline resistance at $1803 awaited. If the upside breakout from the triangle materializes, then a fresh advance towards the weekly highs of...