Weekly Forex Analysis: 21-25 November 2022

DXY

On the daily chart, DXY tested the demand zone around 104.593-105.668 levels and moved sideways.

If this demand zone holds and price shows enough bullish evidence to the upside, we go long to 109.570 level as a potential target.

DXY Forex Analysis

EURUSD

On the daily chart, EURUSD tested the supply zone around 1.03622-1.04869 levels and showed some bearish evidence to the downside

If price continues to move down and this supply zone holds, the next potential target is 1.00723 level.

EURUSD Forex Analysis

GBPUSD

On the daily chart, GBPUSD tested the supply zone around 1.20050-1.21526 levels and showed weak bearish evidence to the downside.

If this supply zone holds and we see enough bearish price action, the next potential target is 1.15399 level.

GBPUSD Forex Analysis

NZDUSD

On the daily chart, NZDUSD tested the supply zone around 0.61635-0.63071 levels and moved sideways.

If price violates this supply zone, the next target is the 0.63969 level above current price.

If this supply zone holds, the next potential target is 0.58384 level.

NZDUSD Forex Analysis

USDCAD

On the 4-hour chart, USDCAD tested the demand zone around 1.32177-1.32645 levels and showed enough bullish evidence to the upside.

The next potential target is to test the supply zone around 1.35233-1.35698 levels.

USDCAD Forex Analysis

USDCHF

On the 4-hour chart, USDCHF tested the demand zone around 0.92862-0.93744 levels and showed enough bullish evidence to the upside.

The next potential targets are 0.96315 and 0.98234 levels.

USDCHF Forex Analysis

USDJPY

On the 4-hour chart, USDJPY created a new demand zone around 137.639-139.341 levels and showed weak bullish evidence to the upside.

If price breaks above last week’s high, the next potential targets are 141.642 and 143.711 levels.

USDJPY Forex Analysis

XAUUSD

On the daily chart, Gold tested the supply zone around 1775.145-1809.016 levels and showed strong bearish evidence to the downside.

The next potential target is to test the 1722.368 level.

XAUUSD Forex Analysis

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