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<b> MARKET</b> ANALYSIS <b> MARKET</b> ANALYSIS

MARKET ANALYSIS

Cutting-Edge Market Commentary for Informed Strategy Making

DAILY TECHNICAL ANALYSIS 18/11/2022


EURUSD


Daily volatility: 99 points. The euro lateralized yesterday as we await the speech from ECB President Christine Lagarde and the US economic calendar is empty of major news. From a psychological point of view, this pause is preparatory to the expectation of a strong decline. Therefore, we must remember the usefulness of stop losses and take profits. Graphically, the indicators are green until mid-next week. Yesterday's close of 1.03710 is too tight to be a credible benchmark for today.


Today the levels to keep an eye on are:

1.0132, 1.0166, 1.0251, 1.0274, 1.0334, 1.0363, 1.0411, 1.0483, 1.0491




AUDUSD


Daily volatility: 113 points. Yesterday's low bounced off the cloud of 0.66310 support. At the start of the day, the Australian dollar is trying to stay above this level with a target price of 0.68704 towards the ambitious 0.69170. Except the MACD, all indicators are green so according to them the recent future of the currency today is bright despite the bad Japanese CPI data. Indeed, Japan is one of the main trade partners in the region for the Australian economy. So, there might be a surprise in the next week opening.


Today the levels to keep an eye on are:

0.6695, 0.6702, 0.6705, 0.6707, 0.6714, 0.68704, 0.68840, 0.69170



JD


JD.com is expected to report Q3 earnings today before the bell. EPS forecast is $0.51 versus $0.33 of the same quarter last year. For the 12th consecutive week the EQR is up, so the forecast for future earnings is more than positive. With a one-year drop of 17.90% and a 12.83% rise from the beginning of this week, the forecast for the next 12 months is a gain of over 30%. The graphic analysis foresees an increase even in the shortest period with a golden cross of the moving averages with a target price of 58.22


Today the levels to keep an eye on are:

56.89, 57.25, 57.29, 57.44, 57.76, 57.91, 58.22




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