✿ Review of the Previous Article ✿

Last week, in stock indices, major FX, and gold alike,all moved roughly in line with analysisas expected.

However, the analysis reflects the current status at the end of the week,and there is a possibility that the situation could change significantly in the meantime, so please keep that in mind as you review.

✿ Indices ✿

※US30 (Dow Jones Industrial Average)
☆Weekly

☆Daily

☆4-hour

Overview
Weekly indicates a potential rise/Daily shows a cautious alert・Divergence appears in MATRIX/4-hour consolidation

Concerns
In the 4-hour chart, divergence occurs in the MATRIX oscillator

Overall assessment
There is a slightsoftening of upside pressureand the market is in a range consolidation. While an upside stance cannot be abandoned yet,,

should we be cautious about chasing new highs.

※NAS100

☆Weekly

☆Daily

☆4-hour

Overview
Overall uptrendis in place, but we should watch whether the 4-hour chart clearly shows upside signals

Concerns
Whether the 4-hour chart misalignment resolves to the upside or the downside will determine the next move

Overall assessment
Basically looks like it is leaning higher, butwhether clear upside signs appear on the 4-hour chart will be decisive

※SP500

☆Weekly

☆Daily

☆4-hour

Overview

In a broad uptrend, a weak pullback on the 4-hour chart has led to range-bound action after the rise

Concerns
The 4-hour chart has not yet clearly signaled upside

Overall assessment
Basically it appears to remain biased to the upside,but the key is whether the 4-hour chart clearly shows upside signals.

※Nikkei 225
☆Weekly

☆Daily

☆4-hour

Overview
In the 4-hour chart, there is a strong declineoccurrenceand day-to-day support signals appear on the daily and intraday levels

Concerns
Decline signals are also appearing on the daily chart

Overall assessment

At the weekly level, it is hard to say the downtrend is in place, butwhether the daily and 4-hour declines stay within the rising channel is the key

A wait-and-see for new buying would be prudent for now

Overall Indices Summary
US stock indices have not fully broken the upside outlook and remain firm,but the near-term upside momentum is weakening, so a cautious stance may be warranted

Nikkei 225 is leading and declining, so watch its trajectory closely.

Furthermore,the overall US equities could turn lower on the daily chart,,so buying should be approached cautiously.

✿ Major Forex ✿

※USDJPY
☆Weekly

☆Daily

☆4-hour

Overview
All indicate a downside movement

Concerns
Slight divergence on the 4-hour chart

Overall assessment
Overall bias to the downside is appropriate.There may be sudden upside moves on events or specific times or daily adjustments, but

basically, selling rallies is more appropriate.

※GBPUSD
☆Weekly

☆Daily

☆4-hour

Overview
Weekly and daily both suggesting upside

Concerns
Divergence appears in the 4-hour MATRIX oscillator

Overall assessment
There may be selective declines in certain times or days, but,the bias remains to the upside, and buying on dips seems reasonable

※EURUSD
☆Weekly

☆Daily

☆4-hour

Overview
Weekly and daily both indicate upside potential

Concerns
Divergence in the 4-hour MATRIX oscillator

Overall assessment
In the time frame or on a daily basis, there may be some corrective declines, butthe bias remains to the upside and buying dips is appropriate

※AUDUSD

☆Weekly

☆Daily

☆4-hour

Overview
While the weekly trend is up, the daily and 4-hour charts show a weakening upside momentum

Concerns
In the 4-hour chart, consolidation is evident, and actuallydownward pressure appears

Overall assessment

Not completely bearish, but it is hard to be bullish right now.Compared to last week,the weakness is more evident versus European currencies

✿ USDCHF
☆Weekly

☆Daily

☆4-hour

Overview
Weekly and daily both indicate a downtrend progression

Concerns
None in particular

Overall assessment
There may be some corrective upside due to events or timeframes, butthe bias should remain downwards

Overall FX Market Summary
The dollar weakness is becoming more pronounced.

While paying attention to the relative strengths of each currency, the big picture may be to follow the dollar weakness.

The weakness of the AUD is notable,and whether the correlation between stock indices and dollar weakness breaks downmay be entering a phase to watch closely.

✿ Simple Cross-Yen Analysis ✿

※ EURJPY Daily

※ GBPJPY Daily

※ AUDJPY Daily

Overview
From the daily view, the declines appear ongoingas of now the AUD/JPY is weakcompared to last week

Concerns
AUD/JPY remains weak

Overall assessment
Considering relative strengths,the primary view is that the downside is appropriate. Of course, adjustments can occur due to events and timing, so respond flexibly to near-term moves

AUD/JPY weakness has become more apparent (as of now)

✿ Gold ✿
※ XAUUSD

☆Weekly

☆Daily

☆4-hour

Overview
Weekly and daily both suggest rising

Concerns

Divergence on the MATRIX oscillator at the 4-hour level

Overall assessment
While responding to intraday wave changes,gradual bottoming and then a strong ascent is a favorable approach,
the major trend should be considered to remain upward.

✿ About the Analysis Tools ✿

① DCP Ultimate

② MATRIX Oscillator

③ Super Syncro Sign

All of these are entirely original indicators (or original uses of existing oscillators), and yet

they offer top-tier accuracy that closely describes chart conditions to an exceptional degree

The MT4/5 version already has over 50 users and is regarded as a highly satisfactory analysis tool by seasoned traders.

November 2022

Released a trial version usable for stocks, FX, indices, bonds, and futures

※ For details, please refer to the product description page below

https://www.gogojungle.co.jp/tools/ebooks/41286

Weekly Chart Analysis December 4, 2022