1.
DAILY MARKET INSIGHT
9 November 2022
DAILY MARKET
INSIGHT
9 November 2022

2.
DAILY MARKET INSIGHT
9 November 2022
Economic Calendar
Time Currency News Impact Expectation
03:00 AM JPY Reuters Tankan Index NOV Medium 5
04:30 AM AUD Building Permits MoM
Final SEP
Medium -5.8%
12:00 PM EUR ECB Non-Monetary Policy
Meeting
Medium -
07:00 PM USD Wholesale Inventories
MoM SEP
Medium 0.8%

3.
DAILY MARKET INSIGHT
9 November 2022
AUD/USD TREND: NEUTRAL
AUD/USD bulls took a breather near 0.6500 on Wednesday. A recovery in the market mood
has trimmed the US dollar appeal. China’s inflation rate reported lower at 2.1% than market
estimates of 2.4%.
Indicators Daily chart Status
RSI 55 Bullish
STOCHASTIC 83 Bullish
MACD Below midline Bearish
200 EMA 0.6864 Bearish
Outlook NEUTRAL
Strategy
Action Entry Target 1 Target 2 Stop Loss
Buy 0.6490 0.6520 0.6550 0.6460

4.
DAILY MARKET INSIGHT
9 November 2022
NZD/USD TREND: NEUTRAL
NZD/USD pair turned sideways after testing the highs of 0.6001 in the last trading session. A
risk-on mood with a softer greenback led the gains in the Kiwi pair. The momentum oscillator
remains bullish.
Indicators Daily chart Status
RSI 61 Bullish
STOCHASTIC 84 Bullish
MACD Above midline Bullish
200 EMA 0.6242 Bearish
Outlook NEUTRAL
Strategy
Action Entry Target 1 Target 2 Stop Loss
Buy 0.5930 0.5960 0.5990 0.5900

5.
DAILY MARKET INSIGHT
9 November 2022
EUR/USD TREND: NEUTRAL
EUR/USD trades with mild bullishness in the mid of the week, the tone that set at the
beginning of the week. The pair remains side lined around 1.0060 while pausing three-day
uptrend. A broader US dollar weakness aided gains in EUR/USD.
Indicators Daily chart Status
RSI 59 Bullish
STOCHASTIC 91 Bullish
MACD Above midline Bullish
200 EMA 1.0391 Bearish
Outlook NEUTRAL
Strategy
Action Entry Target 1 Target 2 Stop Loss
Buy 1.0050 1.0080 1.0110 1.0020

6.
DAILY MARKET INSIGHT
9 November 2022
GBP/USD TREND: NEUTRAL
GBP/USD bulls managed to move above 1.1540 once again. There is a struggle between the bulls and
bears amid US election updates and UK PM Sunak’s likely plan to raise top tax rate, and recession
fears.
Indicators Daily chart Status
RSI 55 Bullish
STOCHASTIC 81 Bullish
MACD Above midline Bullish
200 EMA 1.2129 Bearish
Outlook NEUTRAL
Strategy
Action Entry Target 1 Target 2 Stop Loss
Buy 1.1525 1.1555 1.1585 1.1495

7.
DAILY MARKET INSIGHT
9 November 2022
USD/JPY TREND: NEUTRAL
USD/JPY broke another lower barrier of 146.00 and tested the low of 145.30 in the previous
session. The bulls attempt to pick fresh bid above 145.50. Japan policymakers are in
discussion for an additional budget for economic stimulus and higher taxes for ultra-wealthy
individuals.
4Indicators Daily chart Status
RSI 44 Bearish
STOCHASTIC 6 Bearish
MACD Above midline Bullish
200 EMA 134.24 Bullish
Outlook NEUTRAL
Strategy
Action Entry Target 1 Target 2 Stop Loss
Sell 146.00 145.70 145.40 146.30

8.
DAILY MARKET INSIGHT
9 November 2022
USD/CAD TREND: NEUTRAL
USD/CAD looks pressured toward 1.3400, the lowest levels in seven weeks. After breaching
the psychological 1.3500 the pair tested 1.3420 low. More downside could be expected amid
the negative momentum oscillators.
Indicators Daily chart Status
RSI 41 Bearish
STOCHASTIC 12 Bearish
MACD Above midline Bullish
200 EMA 1.3083 Bullish
Outlook NEUTRAL
Strategy
Action Entry Target 1 Target 2 Stop Loss
Sell 1.3460 1.3430 1.3400 1.3490

9.
DAILY MARKET INSIGHT
9 November 2022
USD/CHF TREND: NEUTRAL
USD/CHF is expected to observe more downside below 0.9850 as the risk appetite high in
the market. A less hawkish and room for bigger rate hikes by Fed is weighing on the
prospects of the US dollar.
Indicators Daily chart Status
RSI 45 Bearish
STOCHASTIC 9 Bearish
MACD Above midline Bullish
200 EMA 0.9648 Bullish
Outlook NEUTRAL
Strategy
Action Entry Target 1 Target 2 Stop Loss
Sell 0.9880 0.9850 0.9820 0.9910

10.
DAILY MARKET INSIGHT
9 November 2022
GOLD TREND: NEUTRAL
XAU/USD manages to scales toward $1,700 the levels seen on October 10. As the precious
metal has breached the descending trend line with strong green candlestick, the underlying
sentiment is bullish for the time being.
Indicators Daily chart Status
RSI 53 Bullish
STOCHASTIC 86 Bullish
MACD Below midline Bearish
200 EMA $1,758 Bearish
Outlook NEUTRAL
Strategy
Action Entry Target 1 Target 2 Stop Loss
Buy $1,705 $1,715 $1,725 $1,695