13 July 2021 Afternoon Session Analysis
Pound rose as investors remain hopeful on economic reopening.
The pound sterling which traded against the dollar and other currency pair remains steady following positive signal from the U.K. Although with the increasing numbers of new coronavirus cases in the U.K, the U.K government insists that after July 19, all aspects of the U.K economy are expected to return to normal levels. According to Health Minister Sajid Javid, they will continue with the plans to ease lockdown restrictions on July 19 as the country’s vaccination plan is expected to achieve its set goals. Following recent data, the death toll in the UK is still at a low-level despite with the rising cases. Javid pointed out that as more than 60% of British citizens received their first dose of vaccine, the number of deaths and hospitalizations has been significantly reduced. At the time of writing, GBP/USD rose 0.17% to $1.3904.
In the commodities market, crude oil price rose 0.23% to $74.44 per barrel as of writing following expectations of U.S crude stock falling. According to a preliminary Reuters poll on Monday, U.S. crude inventories were expected to fall for an eighth consecutive week, while gasoline stocks also declined. On the other hand, gold price rose 0.25% to $1810.75 a troy ounce at the time of writing following dollar retreat.
Pasaran Tutup Hari Ini
Masa Pasaran Acara
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Acara Kemuncak Hari Ini
Masa Pasaran Acara
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Data Ekonomi Kemuncak Hari Ini
| Masa | Pasaran & Data | Terdahulu | Ramalan | Sebenar |
| 20:30 | USD – Core CPI (MoM) (Jun) | 0.7% | 0.4% | – |
Technical Analysis
DOLLAR_INDX, H4: Dollar index was traded lower following prior retracement from the resistance level 92.25. MACD which illustrate persistent bearish momentum signal suggest the dollar to extend its losses towards the support level 91.65.
Resistance level: 92.25, 92.70
Support level: 91.65, 91.30
GBPUSD, H4: GBPUSD was traded higher following prior breakout above the previous resistance level 1.3885. MACD which illustrate ongoing bullish bias signal suggest the pair to extend its gains towards the resistance level 1.3990.
Resistance level: 1.3990, 1.4105
Support level: 1.3885, 1.3750
EURUSD, H4: EURUSD was traded higher following prior rebound from the support level 1.1850. MACD which illustrate bullish bias signal suggest the pair to extend its rebound towards the resistance level 1.1920.
Resistance level: 1.1920, 1.1985
Support level: 1.1850, 1.1785
USDJPY, H4: USDJPY was traded higher while currently testing near the resistance level 110.45. MACD which illustrate ongoing bullish momentum signal suggest the pair to extend its gains after it breaks above the resistance level.
Resistance level: 110.45, 111.00
Support level: 109.75, 109.30
AUDUSD, H4: AUDUSD was traded higher following prior rebound from the support level 0.7475. MACD which illustrate bullish momentum signal suggest the pair to extend its gains towards the resistance level 0.7545.
Resistance level: 0.7545, 0.7595
Support level: 0.7475, 0.7415
NZDUSD, H4: NZDUSD was traded higher while currently testing the resistance level 0.7010. MACD which illustrate persistent bullish bias signal suggest the pair to extend its gains after it breaks above the resistance level.
Resistance level: 0.7010, 0.7075
Support level: 0.6925, 0.6825
USDCAD, H4: USDCAD was traded lower following prior retracement from the resistance level 1.2470. MACD which illustrate bearish momentum signal suggest the pair to extend its losses towards the support level 1.2350.
Resistance level: 1.2470, 1.2565
Support level: 1.2350, 1.2275
USDCHF, H4: USDCHF was traded lower while currently testing the support level 0.9135. However, MACD which illustrate bullish momentum signal suggest the pair to extend its gains towards the resistance level 0.9195.
Resistance level: 0.9195, 0.9245
Support level: 0.9135, 0.9090
CrudeOIL, H4: Crude oil price was traded higher while currently testing near the resistance level 74.20. MACD which illustrate bullish bias signal with the formation of golden cross suggest the commodity to extend its gains after it breaks above the resistance level.
Resistance level: 74.20, 76.35
Support level: 71.15, 68.35
GOLD_, H4: Gold price remain traded in a sideway channel while currently testing near the resistance level 1812.10. However, MACD which illustrate bearish bias signal suggest the commodity to be traded lower towards the support level 1767.55.
Resistance level: 1812.10, 1853.00
Support level: 1767.55, 1725.50