2. DAILY MARKET INSIGHT
13 December 2022
Economic Calendar
Time Currency News Impact Expectation
03:30 AM AUD Westpac Consumer
Confidence Index
High 80
04:30 AM AUD NAB Business Confidence High 2
11:00 AM GBP Claimant Count Change High 8K
11:00 AM GBP Unemployment Rate Medium 3.7%
12:00 PM CHF SECO Economics Forecasts Medium -
02:00 PM EUR ZEW Economic Sentiment
Index
Medium -28
05:30 PM USD Core Inflation Rate YoY High 7.6%
07:00 PM USD IBD/TIPP Economic Optimism Medium 41
3. DAILY MARKET INSIGHT
13 December 2022
AUD/USD TREND: NEUTRAL
The AUD/USD pair displays cautious move to pare the biggest daily loss in a week as it
remains pressured near the 0.6750 mark. A downbeat Australian NAB Business Conditions,
Confidence further keeps the momentum to the lower side.
Indicators Daily chart Status
RSI 55 Bullish
STOCHASTIC 53 Bullish
MACD Above midline Bullish
200 EMA 0.6833 Bearish
Outlook NEUTRAL
Strategy
Action Entry Target 1 Target 2 Stop Loss
Buy 0.6755 0.6785 0.6815 0.6725
4. DAILY MARKET INSIGHT
13 December 2022
NZD/USD TREND: BULLISH
NZD/USD trades inside the ascending channel while making sideways movement near the
0.6400 mark. Any downside movement in the USD would keep the buyers hopeful.
Indicators Daily chart Status
RSI 65 Bullish
STOCHASTIC 78 Bullish
MACD Above midline Bullish
200 EMA 0.6244 Bullish
Outlook Bullish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Buy 0.6385 0.6415 0.6445 0.6355
5. DAILY MARKET INSIGHT
13 December 2022
EUR/USD TREND: BULLISH
EUR/USD extends the consolidation above 1.0520 for the past few sessions. Investors avoid
aggressive bids as they wait for the U.S. inflation data. Further, economic fears surrounding
the Euro Area keep the bears hopeful.
Indicators Daily chart Status
RSI 65 Bullish
STOCHASTIC 82 Bullish
MACD Above midline Bullish
200 EMA 1.0397 Bullish
Outlook Bullish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Buy 1.0530 1.0560 1.0590 1.0500
6. DAILY MARKET INSIGHT
13 December 2022
GBP/USD TREND: BULLISH
GBP/USD remains quite on Tuesday with modest losses. The sentiment remains mildly
negatively skewed amid UK’s recession and key U.S data to be released today. The price
stays above the 200-day moving average.
Indicators Daily chart Status
RSI 64 Bullish
STOCHASTIC 82 Bullish
MACD Above midline Bullish
200 EMA 1.2113 Bullish
Outlook Bullish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Buy 1.2260 1.2290 1.2320 1.2230
7. DAILY MARKET INSIGHT
13 December 2022
USD/JPY TREND: NEUTRAL
USD/JPY bulls took breather near 137.60 extending the gains from the previous session. But
the upside pressure remains intact despite refreshing a multi-day high on Tuesday. Mixed
momentum oscillators hints sideline movement in the Yen pair.
4Indicators Daily chart Status
RSI 42 Bearish
STOCHASTIC 64 Bullish
MACD Below midline Bearish
200 EMA 135.15 Bullish
Outlook NEUTRAL
Strategy
Action Entry Target 1 Target 2 Stop Loss
Sell 137.75 137.45 137.15 138.05
8. DAILY MARKET INSIGHT
13 December 2022
USD/CAD TREND: NEUTRAL
USD/CAD managed to stay above the crucial support are of 1.3600. If the bears able to break
the ascending trend line, the price would expected to continue the fall. A rebound in the oil
price on China’s demand optimism exerts pressure on the Lonnie.
Indicators Daily chart Status
RSI 56 Bullish
STOCHASTIC 81 Bullish
MACD Below midline Bearish
200 EMA 1.3150 Bullish
Outlook NEUTRAL
Strategy
Action Entry Target 1 Target 2 Stop Loss
Sell 1.3630 1.3600 1.3570 1.3690
9. DAILY MARKET INSIGHT
13 December 2022
USD/CHF TREND: BEARISH
On the daily chart, the USD/CHF pair trades inside the descending channel. A consolidation
near 0.9320 is a vital interim support zone. A pre Fed and U.S Inflation data anxiety keeps
the pair off the table. A volatility is expected in the late evening session.
Indicators Daily chart Status
RSI 36 Bearish
STOCHASTIC 21 Bearish
MACD Below midline Bearish
200 EMA 0.9600 Bearish
Outlook BEARISH
Strategy
Action Entry Target 1 Target 2 Stop Loss
Sell 0.9360 0.9330 0.9300 0.9390
10. DAILY MARKET INSIGHT
13 December 2022
GOLD TREND: BULLISH
Gold price fell in the previous session and tested the low of $1,772. The price is struggling
near $1,780. A horizontal resistance level around $1,800 acts a strong barricade for the bulls.
Traders await for the key U.S. CPI for November.
Indicators Daily chart Status
RSI 58 Bullish
STOCHASTIC 61 Bullish
MACD Above midline Bullish
200 EMA $1,764 Bullish
Outlook BULLISH
Strategy
Action Entry Target 1 Target 2 Stop Loss
Buy $1,780 $1,790 $1,800 $1,770
