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DAILY MARKET INSIGHT
14 December 2022
DAILY MARKET
INSIGHT
14 December 2022
DAILY MARKET INSIGHT
14 December 2022
Economic Calendar
Time Currency News Impact Expectation
01:45 AM NZD Current Account Medium NZ$-92B
03:50 AM JPY Tankan Large Manufacturing
Index
High 6
11:00 AM GBP Inflation Rate High 11%
02:00 PM EUR Industrial Production Medium -1.2%
05:30 PM USD Export/Import MoM Medium -0.4%/-0.1%
11:00 PM USD Fed Interest Rate Decision High 4.5%
11:00 PM USD FOMC Economic Projections High 7.6%
11:30 PM USD Fed Press Conference High -
DAILY MARKET INSIGHT
14 December 2022
AUD/USD TREND: NEUTRAL
The AUD/USD pair displays cautious move near the critical 200-day moving average. The
Federal Reserve is expected to hike its interest rate by 50 bps on a second consecutive decline
in the annual inflation rate.
Indicators Daily chart Status
RSI 61 Bullish
STOCHASTIC 79 Bullish
MACD Above midline Bullish
200 EMA 0.6860 Bearish
Outlook NEUTRAL
Strategy
Action Entry Target 1 Target 2 Stop Loss
Buy 0.6830 0.6860 0.6890 0.6800
DAILY MARKET INSIGHT
14 December 2022
NZD/USD TREND: BULLISH
NZD/USD edges lower but cushioned near 0.6430 on Wednesday. Investors bet on a less
hawkish Fed monetary policy. The greenback displays a lacklustre performance following the
U.S. inflation data.
Indicators Daily chart Status
RSI 68 Bullish
STOCHASTIC 80 Bullish
MACD Above midline Bullish
200 EMA 0.6246 Bullish
Outlook Bullish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Buy 0.6435 0.6465 0.6495 0.6405
DAILY MARKET INSIGHT
14 December 2022
EUR/USD TREND: BULLISH
EUR/USD manages to sustain the gains although moves in a range bound manner. The
bulls keep the bids higher amid a weaker USD. Any downtick could be a buying opportunity.
Indicators Daily chart Status
RSI 69 Bullish
STOCHASTIC 88 Bullish
MACD Above midline Bullish
200 EMA 1.0399 Bullish
Outlook Bullish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Buy 1.0610 1.0640 1.0670 1.0580
DAILY MARKET INSIGHT
14 December 2022
GBP/USD TREND: BULLISH
GBP/USD tested the high of 1.2445 in the previous session the levels last seen in July. It
corrected to few pips in the early morning session and could attempt to extend the rally as
traders keep eye on U.K inflation data and Fed rate decision.
Indicators Daily chart Status
RSI 67 Bullish
STOCHASTIC 84 Bullish
MACD Above midline Bullish
200 EMA 1.2115 Bullish
Outlook Bullish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Buy 1.2345 1.2375 1.2405 1.2315
DAILY MARKET INSIGHT
14 December 2022
USD/JPY TREND: NEUTRAL
USD/JPY struggles to hold near the 200-day moving average. The Yen pair displays the
market’s cautious mood ahead of the key Fed meeting. Bearish momentum oscillators hints
at the continuation of the downside momentum.
4Indicators Daily chart Status
RSI 35 Bearish
STOCHASTIC 29 Bearish
MACD Below midline Bearish
200 EMA 131.92 Bullish
Outlook NEUTRAL
Strategy
Action Entry Target 1 Target 2 Stop Loss
Sell 135.50 135.20 134.90 135.80
DAILY MARKET INSIGHT
14 December 2022
USD/CAD TREND: NEUTRAL
USD/CAD picks up fresh bids near 1.3550 on Wednesday. The oil prices eases on mixed
OPEC updates and the anxiety surrounding China and surprise inventory build. The
greenback consolidates ahead of FOMC meeting.
Indicators Daily chart Status
RSI 52 Bullish
STOCHASTIC 64 Bullish
MACD Below midline Bearish
200 EMA 1.3166 Bullish
Outlook NEUTRAL
Strategy
Action Entry Target 1 Target 2 Stop Loss
Buy 1.3550 1.3580 1.3610 1.3520
DAILY MARKET INSIGHT
14 December 2022
USD/CHF TREND: BEARISH
USD/CHF is under the selling pressure in the previous session. The U.S. Treasury yields
dropped to 3.50% as the Fed is set to slow down the extreme policy tightening pace.
Indicators Daily chart Status
RSI 32 Bearish
STOCHASTIC 19 Bearish
MACD Below midline Bearish
200 EMA 0.9599 Bearish
Outlook BEARISH
Strategy
Action Entry Target 1 Target 2 Stop Loss
Sell 0.9295 0.9265 0.9235 0.9325
DAILY MARKET INSIGHT
14 December 2022
GOLD TREND: BULLISH
Gold price march above $1,820 in the previous session as the U.S. dollar retreated ahead of
the Fed decision. The precious metal displays the trader’s indecision amid mixed market
sentiment.
Indicators Daily chart Status
RSI 64 Bullish
STOCHASTIC 82 Bullish
MACD Above midline Bullish
200 EMA $1,761 Bullish
Outlook BULLISH
Strategy
Action Entry Target 1 Target 2 Stop Loss
Buy $1,810 $1,820 $1,830 $1,800

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Daily Market Insight-14 December.pdf

  • 1. DAILY MARKET INSIGHT 14 December 2022 DAILY MARKET INSIGHT 14 December 2022
  • 2. DAILY MARKET INSIGHT 14 December 2022 Economic Calendar Time Currency News Impact Expectation 01:45 AM NZD Current Account Medium NZ$-92B 03:50 AM JPY Tankan Large Manufacturing Index High 6 11:00 AM GBP Inflation Rate High 11% 02:00 PM EUR Industrial Production Medium -1.2% 05:30 PM USD Export/Import MoM Medium -0.4%/-0.1% 11:00 PM USD Fed Interest Rate Decision High 4.5% 11:00 PM USD FOMC Economic Projections High 7.6% 11:30 PM USD Fed Press Conference High -
  • 3. DAILY MARKET INSIGHT 14 December 2022 AUD/USD TREND: NEUTRAL The AUD/USD pair displays cautious move near the critical 200-day moving average. The Federal Reserve is expected to hike its interest rate by 50 bps on a second consecutive decline in the annual inflation rate. Indicators Daily chart Status RSI 61 Bullish STOCHASTIC 79 Bullish MACD Above midline Bullish 200 EMA 0.6860 Bearish Outlook NEUTRAL Strategy Action Entry Target 1 Target 2 Stop Loss Buy 0.6830 0.6860 0.6890 0.6800
  • 4. DAILY MARKET INSIGHT 14 December 2022 NZD/USD TREND: BULLISH NZD/USD edges lower but cushioned near 0.6430 on Wednesday. Investors bet on a less hawkish Fed monetary policy. The greenback displays a lacklustre performance following the U.S. inflation data. Indicators Daily chart Status RSI 68 Bullish STOCHASTIC 80 Bullish MACD Above midline Bullish 200 EMA 0.6246 Bullish Outlook Bullish Strategy Action Entry Target 1 Target 2 Stop Loss Buy 0.6435 0.6465 0.6495 0.6405
  • 5. DAILY MARKET INSIGHT 14 December 2022 EUR/USD TREND: BULLISH EUR/USD manages to sustain the gains although moves in a range bound manner. The bulls keep the bids higher amid a weaker USD. Any downtick could be a buying opportunity. Indicators Daily chart Status RSI 69 Bullish STOCHASTIC 88 Bullish MACD Above midline Bullish 200 EMA 1.0399 Bullish Outlook Bullish Strategy Action Entry Target 1 Target 2 Stop Loss Buy 1.0610 1.0640 1.0670 1.0580
  • 6. DAILY MARKET INSIGHT 14 December 2022 GBP/USD TREND: BULLISH GBP/USD tested the high of 1.2445 in the previous session the levels last seen in July. It corrected to few pips in the early morning session and could attempt to extend the rally as traders keep eye on U.K inflation data and Fed rate decision. Indicators Daily chart Status RSI 67 Bullish STOCHASTIC 84 Bullish MACD Above midline Bullish 200 EMA 1.2115 Bullish Outlook Bullish Strategy Action Entry Target 1 Target 2 Stop Loss Buy 1.2345 1.2375 1.2405 1.2315
  • 7. DAILY MARKET INSIGHT 14 December 2022 USD/JPY TREND: NEUTRAL USD/JPY struggles to hold near the 200-day moving average. The Yen pair displays the market’s cautious mood ahead of the key Fed meeting. Bearish momentum oscillators hints at the continuation of the downside momentum. 4Indicators Daily chart Status RSI 35 Bearish STOCHASTIC 29 Bearish MACD Below midline Bearish 200 EMA 131.92 Bullish Outlook NEUTRAL Strategy Action Entry Target 1 Target 2 Stop Loss Sell 135.50 135.20 134.90 135.80
  • 8. DAILY MARKET INSIGHT 14 December 2022 USD/CAD TREND: NEUTRAL USD/CAD picks up fresh bids near 1.3550 on Wednesday. The oil prices eases on mixed OPEC updates and the anxiety surrounding China and surprise inventory build. The greenback consolidates ahead of FOMC meeting. Indicators Daily chart Status RSI 52 Bullish STOCHASTIC 64 Bullish MACD Below midline Bearish 200 EMA 1.3166 Bullish Outlook NEUTRAL Strategy Action Entry Target 1 Target 2 Stop Loss Buy 1.3550 1.3580 1.3610 1.3520
  • 9. DAILY MARKET INSIGHT 14 December 2022 USD/CHF TREND: BEARISH USD/CHF is under the selling pressure in the previous session. The U.S. Treasury yields dropped to 3.50% as the Fed is set to slow down the extreme policy tightening pace. Indicators Daily chart Status RSI 32 Bearish STOCHASTIC 19 Bearish MACD Below midline Bearish 200 EMA 0.9599 Bearish Outlook BEARISH Strategy Action Entry Target 1 Target 2 Stop Loss Sell 0.9295 0.9265 0.9235 0.9325
  • 10. DAILY MARKET INSIGHT 14 December 2022 GOLD TREND: BULLISH Gold price march above $1,820 in the previous session as the U.S. dollar retreated ahead of the Fed decision. The precious metal displays the trader’s indecision amid mixed market sentiment. Indicators Daily chart Status RSI 64 Bullish STOCHASTIC 82 Bullish MACD Above midline Bullish 200 EMA $1,761 Bullish Outlook BULLISH Strategy Action Entry Target 1 Target 2 Stop Loss Buy $1,810 $1,820 $1,830 $1,800