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DAILY MARKET INSIGHT
25 November 2022
DAILY MARKET
INSIGHT
25 November 2022
DAILY MARKET INSIGHT
25 November 2022
Economic Calendar
Time Currency News Impact Expectation
01:45 AM NZD Retail Sales YoY Q3 Medium 53
11:30 AM CHF Non-Farm Payrolls Q3 Medium -8
08:00 PM CAD Budget Balance SEP Medium -
DAILY MARKET INSIGHT
25 November 2022
AUD/USD TREND: NEUTRAL
AUD/USD advances on Thursday meeting the resistance near 0.6760-0.6780 horizontal
resistance zone. The Australian dollar picks up the momentum largely due to U.S dollar frailty.
The pair is quietly moving toward the 200-day moving average on the daily chart.
Indicators Daily chart Status
RSI 63 Bullish
STOCHASTIC 94 Bullish
MACD Above midline Bullish
200 EMA 0.6844 Bearish
Outlook NEUTRAL
Strategy
Action Entry Target 1 Target 2 Stop Loss
Buy 0.6745 0.6775 0.6805 0.6715
DAILY MARKET INSIGHT
25 November 2022
NZD/USD TREND: BULLISH
NZD/USD extends the gains inspired by the upbeat Retails sales data following a jumbo rate
hike from the Reserve Bank of New Zealand (RBNZ), indicating a state of improving economic
condition. This will be the fifth weekly gains for the Kiwi.
Indicators Daily chart Status
RSI 71 Bullish
STOCHASTIC 96 Bullish
MACD Above midline Bullish
200 EMA 0.6231 Bullish
Outlook Bullish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Buy 0.6250 0.6280 0.6310 0.6220
DAILY MARKET INSIGHT
25 November 2022
EUR/USD TREND: BULLISH
EUR/USD trades higher for the breaching the 1.0420 mark inside the ascending channel. An
across the broad selling in the Greenback led the gains in the pair. No major data on the
cards except Ifo Business Climate report from Germany.
Indicators Daily chart Status
RSI 66 Bullish
STOCHASTIC 90 Bullish
MACD Above midline Bullish
200 EMA 1.0385 Bullish
Outlook Bullish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Buy 1.0400 1.0430 1.0460 1.0370
DAILY MARKET INSIGHT
25 November 2022
GBP/USD TREND: BULLISH
GBP/USD dancing to the tune of the muted U.S dollar as the price is about to breach the
critical 200-day EMA. The pair continued to move higher as traders react to the dovish FOMC
minutes. More buying interest could push the price higher toward 1.2150 despite the
overbought RSI.
Indicators Daily chart Status
RSI 67 Bullish
STOCHASTIC 96 Bullish
MACD Above midline Bullish
200 EMA 1.2102 Bullish
Outlook Bullish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Buy 1.2100 1.2130 1.2160 1.2070
DAILY MARKET INSIGHT
25 November 2022
USD/JPY TREND: NEUTRAL
USD/JPY fell for the fourth straight day as the U.S dollar continues to bleed. Traders are still
reacting to the dovish tone of FOMC minutes and continue to book profit in the Yen pair. The
spot now testing the level seen in September.
4Indicators Daily chart Status
RSI 33 Bearish
STOCHASTIC 8 Bearish
MACD Below midline Bearish
200 EMA 134.93 Bullish
Outlook NEUTRAL
Strategy
Action Entry Target 1 Target 2 Stop Loss
Sell 138.80 138.50 138.20 139.10
DAILY MARKET INSIGHT
25 November 2022
USD/CAD TREND: NEUTRAL
USD/CAD trades inside the downside channel on the daily chart. After testing the yearly high
around 1.3980, the pair continues to slide. Inside the channel, a break below the 1.3300 level
could bring 1.3150 into picture in the short term.
Indicators Daily chart Status
RSI 41 Bearish
STOCHASTIC 27 Bearish
MACD Below midline Bearish
200 EMA 1.3113 Bullish
Outlook NEUTRAL
Strategy
Action Entry Target 1 Target 2 Stop Loss
Sell 1.3345 1.3315 1.3285 1.3375
DAILY MARKET INSIGHT
25 November 2022
USD/CHF TREND: BEARISH
After a brief recovery in the previous session, the USD/CHF pair trades in red on the last
trading day of the week. The decline is expected to continue in the pair if it gives a weekly
close below 0.9370, a horizontal support zone.
Indicators Daily chart Status
RSI 34 Bearish
STOCHASTIC 12 Bearish
MACD Below midline Bearish
200 EMA 0.9626 Bearish
Outlook BEARISH
Strategy
Action Entry Target 1 Target 2 Stop Loss
Sell 0.9440 0.9410 0.9380 0.9470
DAILY MARKET INSIGHT
25 November 2022
GOLD TREND: BULLISH
Gold prices prints gains for the straight fourth session. The precious metal challenges the
upside barricade placed at the 200-day moving average. Technically, the market is still not
overbought zone, the scope of further gains still exist.
Indicators Daily chart Status
RSI 62 Bullish
STOCHASTIC 68 Bullish
MACD Above midline Bullish
200 EMA $1,758 Bullish
Outlook Bullish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Buy $1,755 $1,765 $1,775 $1,745

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Daily Market Insight-25 November.pdf

  • 1. DAILY MARKET INSIGHT 25 November 2022 DAILY MARKET INSIGHT 25 November 2022
  • 2. DAILY MARKET INSIGHT 25 November 2022 Economic Calendar Time Currency News Impact Expectation 01:45 AM NZD Retail Sales YoY Q3 Medium 53 11:30 AM CHF Non-Farm Payrolls Q3 Medium -8 08:00 PM CAD Budget Balance SEP Medium -
  • 3. DAILY MARKET INSIGHT 25 November 2022 AUD/USD TREND: NEUTRAL AUD/USD advances on Thursday meeting the resistance near 0.6760-0.6780 horizontal resistance zone. The Australian dollar picks up the momentum largely due to U.S dollar frailty. The pair is quietly moving toward the 200-day moving average on the daily chart. Indicators Daily chart Status RSI 63 Bullish STOCHASTIC 94 Bullish MACD Above midline Bullish 200 EMA 0.6844 Bearish Outlook NEUTRAL Strategy Action Entry Target 1 Target 2 Stop Loss Buy 0.6745 0.6775 0.6805 0.6715
  • 4. DAILY MARKET INSIGHT 25 November 2022 NZD/USD TREND: BULLISH NZD/USD extends the gains inspired by the upbeat Retails sales data following a jumbo rate hike from the Reserve Bank of New Zealand (RBNZ), indicating a state of improving economic condition. This will be the fifth weekly gains for the Kiwi. Indicators Daily chart Status RSI 71 Bullish STOCHASTIC 96 Bullish MACD Above midline Bullish 200 EMA 0.6231 Bullish Outlook Bullish Strategy Action Entry Target 1 Target 2 Stop Loss Buy 0.6250 0.6280 0.6310 0.6220
  • 5. DAILY MARKET INSIGHT 25 November 2022 EUR/USD TREND: BULLISH EUR/USD trades higher for the breaching the 1.0420 mark inside the ascending channel. An across the broad selling in the Greenback led the gains in the pair. No major data on the cards except Ifo Business Climate report from Germany. Indicators Daily chart Status RSI 66 Bullish STOCHASTIC 90 Bullish MACD Above midline Bullish 200 EMA 1.0385 Bullish Outlook Bullish Strategy Action Entry Target 1 Target 2 Stop Loss Buy 1.0400 1.0430 1.0460 1.0370
  • 6. DAILY MARKET INSIGHT 25 November 2022 GBP/USD TREND: BULLISH GBP/USD dancing to the tune of the muted U.S dollar as the price is about to breach the critical 200-day EMA. The pair continued to move higher as traders react to the dovish FOMC minutes. More buying interest could push the price higher toward 1.2150 despite the overbought RSI. Indicators Daily chart Status RSI 67 Bullish STOCHASTIC 96 Bullish MACD Above midline Bullish 200 EMA 1.2102 Bullish Outlook Bullish Strategy Action Entry Target 1 Target 2 Stop Loss Buy 1.2100 1.2130 1.2160 1.2070
  • 7. DAILY MARKET INSIGHT 25 November 2022 USD/JPY TREND: NEUTRAL USD/JPY fell for the fourth straight day as the U.S dollar continues to bleed. Traders are still reacting to the dovish tone of FOMC minutes and continue to book profit in the Yen pair. The spot now testing the level seen in September. 4Indicators Daily chart Status RSI 33 Bearish STOCHASTIC 8 Bearish MACD Below midline Bearish 200 EMA 134.93 Bullish Outlook NEUTRAL Strategy Action Entry Target 1 Target 2 Stop Loss Sell 138.80 138.50 138.20 139.10
  • 8. DAILY MARKET INSIGHT 25 November 2022 USD/CAD TREND: NEUTRAL USD/CAD trades inside the downside channel on the daily chart. After testing the yearly high around 1.3980, the pair continues to slide. Inside the channel, a break below the 1.3300 level could bring 1.3150 into picture in the short term. Indicators Daily chart Status RSI 41 Bearish STOCHASTIC 27 Bearish MACD Below midline Bearish 200 EMA 1.3113 Bullish Outlook NEUTRAL Strategy Action Entry Target 1 Target 2 Stop Loss Sell 1.3345 1.3315 1.3285 1.3375
  • 9. DAILY MARKET INSIGHT 25 November 2022 USD/CHF TREND: BEARISH After a brief recovery in the previous session, the USD/CHF pair trades in red on the last trading day of the week. The decline is expected to continue in the pair if it gives a weekly close below 0.9370, a horizontal support zone. Indicators Daily chart Status RSI 34 Bearish STOCHASTIC 12 Bearish MACD Below midline Bearish 200 EMA 0.9626 Bearish Outlook BEARISH Strategy Action Entry Target 1 Target 2 Stop Loss Sell 0.9440 0.9410 0.9380 0.9470
  • 10. DAILY MARKET INSIGHT 25 November 2022 GOLD TREND: BULLISH Gold prices prints gains for the straight fourth session. The precious metal challenges the upside barricade placed at the 200-day moving average. Technically, the market is still not overbought zone, the scope of further gains still exist. Indicators Daily chart Status RSI 62 Bullish STOCHASTIC 68 Bullish MACD Above midline Bullish 200 EMA $1,758 Bullish Outlook Bullish Strategy Action Entry Target 1 Target 2 Stop Loss Buy $1,755 $1,765 $1,775 $1,745