Weekly Outlook: 2014 - 2024

Swiss pharma giant Roche’s stock (OTCMKTS: RHHBY) has seen an 8% rise in a month, outperforming the broader S&P500 index, which remained flat. The daily price is on ranging within support level at 40 for the bearish trend to be resumed with 38 target to re-enter and resistance level at 42 for the daily bullish reversal to be started with 44 re-enter target.

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USD/JPY has risen sharply this year, but it may soon begin to correct lower on signs that Fed hawkishness has peaked amid rapidly slowing U.S. economic activity.
Intra-day H4 price is on secondary correction by trying to break 200 SMA to below for the primary bearish trend to be started with support level at 135.55 as a possible target to re-enter.

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In trading on Friday, shares of Dominos Pizza entered into oversold territory, hitting an RSI reading of 29.9, after changing hands as low as $364.51 per share.

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The Australian Dollar movements remain dependent on US Dollar fluctuations as the Fed’s decision to hike by 75 basis points illustrates the impact of the world’s largest central bank.
The daily price broke Ichimoku cloud to below for the primary bearish reversal: the price is on testing the Fibo support level at 0.6510 for the bearish trend to be continuing.

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The Australian Dollar appears vulnerable going into the end of the year with the rate paths of the RBA and the Federal Reserve set to diverge. Will monetary policy drive AUD/USD?
The weekly price is located far below Ichimoku cloud in the bearish area of the chart: price broke the bearish triangle pattern to below for the bearish trend to be continuing in the near future.

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US crude is on track for five straight days of advances after OPEC+ decided to cut output from in November. Aggressive rise highlights $93 and $100 as key levels

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After a quiet economic calendar last week, the coming days will see several important US data releases.

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Intervention efforts may have weighed on USD/JPY rates, but the Japanese Yen was broadly weaker over during the final week of October.

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Next week the RBNZ decides to hike by 50 or 75 bps where forward guidance remains key. Stubborn inflation and a worsening global outlook complicates the decision

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The daily price is located near and above Ichimoku cloud: the price is breaking the bearish triangle pattern to below for the daily bearish reversal to be started.

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