1. DAILY MARKET INSIGHT
21 December 2022
DAILY MARKET
INSIGHT
21 December 2022

2. DAILY MARKET INSIGHT
21 December 2022
Economic Calendar
Time Currency News Impact Expectation
03:30 AM AUD Westpac Leading Index MoM Medium -0.3%
03:00 PM GBP CBI Distributive Trades Medium -23
04:00 PM USD MBA 30-year Mortgage Rate Medium -
05:30 PM CAD Inflation Rate YoY High 6.7%
05:30 PM USD Current Account Medium $-230B
07:00 PM USD Existing Home Sales data Medium 4.3M

3. DAILY MARKET INSIGHT
21 December 2022
AUD/USD TREND: NEUTRAL
The AUD/USD pair continue to trade in a negative sentiment. The AUD/USD takes a U-turn
from the intraday high below the 200-day moving average.
Indicators Daily chart Status
RSI 47 Bearish
STOCHASTIC 13 Bearish
MACD Above midline Bullish
200 EMA 0.6827 Bearish
Outlook NEUTRAL
Strategy
Action Entry Target 1 Target 2 Stop Loss
Sell 0.6670 0.6640 0.6610 0.6700

4. DAILY MARKET INSIGHT
21 December 2022
NZD/USD TREND: NEUTRAL
NZD/USD slipped toward 0.6300 with the previous bearish momentum. The pair is taking out
a key level and printing fresh lows within a bearish sentiment. A stable USD exerts the
pressure on risk sensitive Kiwi pair.
Indicators Daily chart Status
RSI 53 Bullish
STOCHASTIC 2 Bearish
MACD Above midline Bullish
200 EMA 0.6251 Neutral
Outlook Neutral
Strategy
Action Entry Target 1 Target 2 Stop Loss
Sell 0.6310 0.6280 0.6250 0.6340

5. DAILY MARKET INSIGHT
21 December 2022
EUR/USD TREND: BULLISH
EUR/USD prints mild losses around 1.0600 as the sellers are trying to make their presence
felt. The major currency pair dropped during the last two days as the greenback failed to
cheer firmer Treasury yields.
Indicators Daily chart Status
RSI 53 Bullish
STOCHASTIC 58 Bullish
MACD Above midline Bullish
200 EMA 1.0469 Bullish
Outlook Bullish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Sell 1.0620 1.0590 1.0560 1.0650

6. DAILY MARKET INSIGHT
21 December 2022
GBP/USD TREND: NEUTRAL
GBP/USD is taking support near the 200-day EMA on the daily chart. The pair bounced above
1.2150 having paused its three-day bearish momentum. The U.S. dollar stays steady following
a tepid market mood.
Indicators Daily chart Status
RSI 55 Bullish
STOCHASTIC 22 Bearish
MACD Above midline Bullish
200 EMA 1.2117 Bullish
Outlook Neutral
Strategy
Action Entry Target 1 Target 2 Stop Loss
Buy 1.2150 1.2180 1.2210 1.2120

7. DAILY MARKET INSIGHT
21 December 2022
USD/JPY TREND: BEARISH
USD/JPY struggles to hold the 132.00 level following the intense sell-off occurred in the
previous session. The pair saw biggest daily fall in 24 years on Tuesday after the Bank of
Japan (BoJ) announced unexpected changes in Yield Control Policy.
4Indicators Daily chart Status
RSI 32 Bearish
STOCHASTIC 21 Bearish
MACD Below midline Bearish
200 EMA 135.17 Bearish
Outlook Bearish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Sell 132.25 131.85 131.55 132.55

8. DAILY MARKET INSIGHT
21 December 2022
USD/CAD TREND: NEUTRAL
USD/CAD pares intraday losses around 1.3600 even the sellers are active near the higher
levels. The firmer oil prices led the gains in the Lonnie pair despite a consolidation in the
greenback.
Indicators Daily chart Status
RSI 54 Bullish
STOCHASTIC 72 Bullish
MACD Below midline Bearish
200 EMA 1.3191 Bullish
Outlook NEUTRAL
Strategy
Action Entry Target 1 Target 2 Stop Loss
Sell 1.3620 1.3590 1.3560 1.3650

9. DAILY MARKET INSIGHT
21 December 2022
USD/CHF TREND: BEARISH
USD/CHF remains mildly bid near the yearly lows on Thursday. The descending triangle
from the high of 1.1050 acts an upside hurdle for the bulls. Oversold momentum oscillators
suggest a short term buying.
Indicators Daily chart Status
RSI 37 Bearish
STOCHASTIC 27 Bearish
MACD Below midline Bearish
200 EMA 0.9584 Bearish
Outlook BEARISH
Strategy
Action Entry Target 1 Target 2 Stop Loss
Buy 0.9280 0.9310 0.9340 0.9250

10. DAILY MARKET INSIGHT
21 December 2022
GOLD TREND: BULLISH
Gold bulls took breather near the higher levels following the buying session in the previous
day. The precious metal faces $1,815 resistance zone but the undercurrent remains bullish.
Indicators Daily chart Status
RSI 61 Bullish
STOCHASTIC 81 Bullish
MACD Above midline Bullish
200 EMA $1,709 Bullish
Outlook Bullish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Buy $1,810 $1,820 $1,830 $1,800