{"id":148659,"date":"2020-11-27T03:36:49","date_gmt":"2020-11-27T03:36:49","guid":{"rendered":"http:\/\/www.gcmasia.co\/analysis\/en\/?p=148659"},"modified":"2020-11-27T03:36:49","modified_gmt":"2020-11-27T03:36:49","slug":"271120-afternoon-session-analysis","status":"publish","type":"post","link":"https:\/\/www.gcmasia.co\/analysis\/en\/information\/day\/271120-afternoon-session-analysis\/","title":{"rendered":"271120 Afternoon Session Analysis"},"content":{"rendered":"

27 November 2020\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Afternoon Session Analysis<\/strong><\/p>\n

Yen gains amid Japan\u2019s stimulus extension.<\/strong><\/span><\/p>\n

During late Asian session, the Japanese Yen continue to extend its gains against the dollar and other currency pairs following Japanese government\u2019s announcement on coronavirus (COVID-19) relief stimulus. According to Reuters, Yoshihide Suga-led government stated that it will extend its compensation scheme for firms that impacted by COVID-19 to February. The deadline for the scheme was to expire in December previously. At the same time, the safe-haven Yen also boosted further by AstraZeneca\u2019s vaccine scepticism. AstraZeneca Plc and the University of Oxford face mounting questions about their Covid-19 vaccine trial results after acknowledging a manufacturing error. The details released by the company have now sparked concerns, with some expressing doubts about whether U.S. regulators would clear it. At the time of writing, USD\/JPY slips 0.17% to 104.06.<\/p>\n

 <\/p>\n

In the commodities market, crude oil price mixed but remains steady and rose 0.47% to $45.00 per barrel at the time of writing. As of now, concerns about oversupply and doubts towards vaccine have started to give pressure towards the commodity. Despite that, overall sentiment remains supported by market optimism on OPEC plans to extend output cut and recovering demand outlook. On the other hand, gold price remains lingering and slips 0.07% to $1808.02 a troy ounce at the time of writing as risk-off mood remains low following market optimism.<\/p>\n

 <\/p>\n

Today\u2019s Holiday Market Close<\/u><\/p>\n

Time\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Market\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Event<\/strong><\/p>\n

N\/A<\/p>\n

 <\/p>\n

Today\u2019s Highlight Events<\/u><\/p>\n

Time\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Market\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Event<\/strong><\/p>\n

N\/A<\/p>\n

 <\/p>\n

Today\u2019s Highlight Economic Data<\/u><\/p>\n

N\/A<\/p>\n

 <\/p>\n

Technical Analysis<\/u><\/strong><\/p>\n

\"\"<\/p>\n

DOLLAR_INDX, Daily: <\/strong>Dollar index was traded lower while currently testing the support level at 91.75. MACD which illustrated increasing bearish momentum suggest the index to extend its losses after it successfully breakout below the support level.<\/p>\n

 <\/p>\n

Resistance level: 94.00, 95.85<\/p>\n

Support level: 91.75, 90.15<\/p>\n

 <\/p>\n

\"\"<\/p>\n

GBPUSD, H4: <\/strong>GBPUSD was traded higher following prior rebound from the support level at 1.3310. MACD which illustrated diminishing bearish momentum suggest the pair to extend its gains toward resistance level at 1.3400.<\/p>\n

 <\/p>\n

Resistance level: 1.3400, 1.3475<\/p>\n

Support level: 1.3310, 1.3220<\/p>\n

 <\/p>\n

\"\"<\/p>\n

EURUSD, H1: <\/strong>EURUSD was traded higher while currently near the resistance level at 1.1925. MACD which illustrated increasing bullish momentum suggest the pair to extend its gains after it successfully breakout above the resistance level.<\/p>\n

 <\/p>\n

Resistance level: 1.1925, 1.1965<\/p>\n

Support level: 1.1885, 1.1855<\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDJPY, H4: <\/strong>USDJPY was traded lower following prior breakout below the previous support level at 104.30. MACD which illustrated increasing bearish momentum suggest the pair to extend its losses toward support level at 103.85.<\/p>\n

 <\/p>\n

Resistance level: 104.30, 104.65<\/p>\n

Support level: 103.85, 103.15<\/p>\n

 <\/p>\n

\"\"<\/p>\n

AUDUSD, H1: <\/strong>AUDUSD was traded within a range while currently testing the resistance level at 0.7365. MACD which illustrated diminishing bearish momentum suggest the pair to extend its gains after it successfully breakout above the resistance level.<\/p>\n

 <\/p>\n

Resistance level: 0.7365, 0.7415<\/p>\n

Support level: 0.7320, 0.7270<\/p>\n

 <\/p>\n

\"\"<\/p>\n

NZDUSD, H4: <\/strong>NZDUSD was traded higher while currently near the resistance level at 0.7035. However, MACD which illustrated increasing bearish momentum suggest the pair to be traded lower in short-term as technical correction.<\/p>\n

 <\/p>\n

Resistance level: 0.7035, 0.7110<\/p>\n

Support level: 0.6915, 0.6820<\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDCAD, H4: <\/strong>USDCAD was traded higher while currently testing the resistance level at 1.3030. MACD which illustrated increasing bullish momentum suggest the pair to extend its gains after it successfully breakout above the resistance level.<\/p>\n

 <\/p>\n

Resistance level: 1.3030, 1.3095<\/p>\n

Support level: 1.2960, 1.2875<\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDCHF, H4: <\/strong>USDCHF was traded lower while currently testing the support level at 0.9055. However, MACD which illustrated diminishing bearish momentum suggest the pair to be traded higher in short-term as technical correction.<\/p>\n

 <\/p>\n

Resistance level: 0.9100, 0.9140<\/p>\n

Support level: 0.9055, 0.8980<\/p>\n

 <\/p>\n

\"\"<\/p>\n

CrudeOIL, H1: <\/strong>Crude oil price was traded within a range while currently testing the support level at 44.80. MACD which illustrated diminishing bearish momentum suggest the commodity to be traded higher in short-term.<\/p>\n

 <\/p>\n

Resistance level: 46.25, 47.85<\/p>\n

Support level: 44.80, 42.95<\/p>\n

 <\/p>\n

 <\/p>\n

\"\"<\/p>\n

GOLD_, H1: <\/strong>Gold price was traded within a range while currently testing the resistance level at 1815.60. MACD which illustrated increasing bearish momentum suggest the commodity to be traded lower toward the support level at 1782.00.<\/p>\n

 <\/p>\n

Resistance level: 1835.15, 1862.90<\/p>\n

Support level: 1782.00, 1761.80<\/p>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

27 November 2020\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Afternoon Session Analysis Yen gains amid Japan\u2019s stimulus extension. During late Asian session, the Japanese Yen continue to extend its gains against the dollar and other currency pairs following Japanese government\u2019s announcement on coronavirus (COVID-19) relief stimulus. According to Reuters, Yoshihide Suga-led government stated that it will extend its compensation scheme for […]<\/p>\n","protected":false},"author":25,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[13],"tags":[],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/148659"}],"collection":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/users\/25"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/comments?post=148659"}],"version-history":[{"count":0,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/148659\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/media?parent=148659"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/categories?post=148659"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/tags?post=148659"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}