Weekly Chart Analysis November 27, 2022
✿ Stock Indexes ✿
※US30 (Dow Jones Industrial Average)
☆Weekly
☆Daily
☆4-hour
Overview
All three timeframes (4h, daily, weekly) indicate an upward trend
Concerns
In 4-hour and daily timeframes, divergence detected with MATRIX oscillator
Overall
While watching for signs of reversal or corrective declines, if you are already holding, stay holding. For new entries,same caution for reversal and corrective decline; a dip-buying approach is reasonableseems appropriate.
※NAS100
☆Weekly
☆Daily
☆4-hour
Overview
Amid overall rising,4-hour shows a corrective pullbackin progress
Concerns
In daily timeframe, divergence detected with MATRIX oscillator
Overall
Currently watching the path of the decline
If the decline accelerates, reversal-downward judgment becomes necessary, butwatch for the continuation of corrective declineis the current stance
※SP500
☆Weekly
☆Daily
☆4-hour
Overview
In a broad rising trend,4-hour shows a weak corrective pullback
Concerns
Aiming for a pullback-like, weak downward path
Overall
Basically keep an bullish stance,while following the current pullback, buying on dips seems reasonable
※Nikkei 225
☆Weekly
☆Daily
☆4-hour
Overview
In a broad rising trend,4-hour shows a weak corrective pullback
Concerns
Aiming for a pullback-like, weak downward path
Overall
Watch the path between the channel upper bound and the trendline
Basically keep an bullish stance,while following the current pullback, buying on dips seems reasonable
Overall Stock Indices
If selling, choose NAS100;basically maintain a bullish outlookand monitor the outcome of the current correction,
If entering new buys, maintaining a dip-buying approach is reasonableseems likely.
✿ Major Currencies ✿
※USDJPY
☆Weekly
☆Daily
☆4-hour
Overview
In the 4-hour timeframe, a somewhat weak corrective rise is occurring
Concerns
Divergence in the 4-hour with MATRIX oscillator
Overall
Be cautious of reversal and rise signals,and monitor the path of the corrective riseto determine direction.
Depending on the path of the corrective rise,the basic stance to maintain is a downside biasseems appropriate
※GBPUSD
☆Weekly
☆Daily
☆4-hour
Overview
In the 4-hour timeframe, a somewhat weak corrective pullback is occurringSince DCP position is high, the move may progress further
Concerns
Divergence in the 4-hour MATRIX oscillator
Overall
At the start of the week, a corrective decline may progress
Depending on the path of the corrective decline,the long-term view is likely to stay bullishseems reasonable
※EURUSD
☆Weekly
☆Daily
☆4-hour
Overview
In the 4-hour timeframe, a somewhat weak corrective pullback is occurringThe DCP position is high, so progress may continuesomewhat
Concerns
Divergence in the daily with MATRIX oscillator
Overall
Early week may see a corrective decline progresstherefore
depending on the path of the corrective decline, the long-term view remains bullish
Compared to other dollar pairs, relatively weaker
※AUDUSD
☆Daily
☆4-hour
Overview
In the 4-hour timeframe, a somewhat weak corrective pullback is occurring
Concerns
Divergence in the 4-hour MATRIX oscillator
Overall
At the start of the week, a corrective decline may progresshowever,
depending on the path of the corrective decline,the long-term view is to maintain an upward trendseems reasonable
※USDCHF
☆Weekly
☆Daily
☆4-hour
Overview
In the 4-hour timeframe, a somewhat weak corrective rise is occurringthere is a possibility of a somewhat further advancethere is
Concerns
There is a sense that the rise may become somewhat stronger
Overall
Early week may see a corrective rise progresshowever,
Major Currencies Overall
Early week is likely to see some correction against the dollar's weakness
Be mindful of the relative strength of each currency, while the big trend is dollar weakness,the near term may follow the correctionEuro-Dollar relatively weak
✿ Cross Yen Quick View ✿
※EURJPY 4-hour
※GBPJPY 4-hour
※AUDJPY 4-hour
Overview
Directionless overall, but reflecting weakness in the euro-dollar relative to the strength of the Australian dollar
Concerns
With no clear direction, prioritizing the near term is safer
Overall
EURJPY: sell bias; USDJPY: buy bias; monitor the relative strength and adapt to near-term movesflexibly
as needed
✿ Gold ✿
※XAUUSD
☆Weekly
☆Daily
Overview
Under pressure from dollar weakness,there is a sense of direction not being clearly setyet,but gold itself is in an upward trendas can be inferred
Concerns
Weekly divergence detected with MATRIX oscillator
Overall
While responding to hourly wave fluctuations,the general guideline is to look for higher bottoms and rise when appropriate
The overall view remains bullish
✿ About the analysis tools ✿
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② MATRIX Oscillator
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All are original indicators (or original usage of existing oscillators) with exceptional accuracy, capable of describing chart conditions precisely
The MT4/5 version already has over 50 users and is rated as a highly satisfying analysis tool even by experienced market participants.
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