{"id":152546,"date":"2021-01-11T05:34:06","date_gmt":"2021-01-11T05:34:06","guid":{"rendered":"http:\/\/www.gcmasia.co\/analysis\/en\/?p=152546"},"modified":"2021-01-11T05:34:06","modified_gmt":"2021-01-11T05:34:06","slug":"110121-afternoon-session-analysis","status":"publish","type":"post","link":"https:\/\/www.gcmasia.co\/analysis\/en\/information\/day\/110121-afternoon-session-analysis\/","title":{"rendered":"110121 Afternoon Session Analysis"},"content":{"rendered":"

11 January 2021\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Afternoon Session Analysis<\/strong><\/p>\n

 <\/p>\n

Dollar rose following hopes for more stimulus measure.<\/strong><\/span><\/p>\n

During late Asian session, the dollar index which traded against a basket of six major currency pairs\u00a0 have soared and extend its rebound following hopes for more U.S stimulus and big gains in U.S yields. According to latest development, U.S President-elect Joe Biden has promised \u201ctrillions\u201d in extra COVID-19 relief spending as he and a Democrat-controlled Congress prepare to take office on Jan. 20. Following his promise, the yield on the benchmark 10-year U.S debt was pushed up more than 20 basis points to 1.1187%. Due to the better rates that paused dollar selling, the greenback manage to slowly climb back from its lows. At the time of writing, dollar index rose 0.32% to 90.30.<\/p>\n

 <\/p>\n

In the commodities market, crude oil price gave up some of its gains and slips 1.52% to $51.84 per barrel as of writing following renewed concerns over coronavirus from China and lockdowns that affect demand prospect. According to the statement from the country’s national health authority, China has saw its biggest daily increase in COVID-19 cases in more than five months as new infections in Hebei province which surrounds the capital Beijing, continued to rise. The area is now in lockdown with people and vehicles barred from leaving the city as authorities move to curb the spread of the disease. On top of that, stricter lockdown in Europe also added into further pressure. On the other hand, gold price extends losses and fell 1.07% to $1829.57 a troy ounce at the time of writing following dollar strength and rising U.S yields.<\/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

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, H4: <\/strong>Dollar index was traded higher following prior rebound from the support level at 89.25. MACD which illustrated bullish bias momentum suggest the index to extend its gains toward the resistance level at 90.55.<\/p>\n

 <\/p>\n

Resistance level: 90.55, 91.35<\/p>\n

Support level: 89.25, 88.35<\/p>\n

 <\/p>\n

\"\"<\/p>\n

GBPUSD, H4: <\/strong>GBPUSD was traded lower following prior breakout below the previous support level at 1.3545. MACD which illustrated bearish bias momentum suggest the pair to extend its losses toward the support level at 1.3480.<\/p>\n

 <\/p>\n

Resistance level: 1.3545, 1.3625<\/p>\n

Support level: 1.3480, 1.3425<\/p>\n

 <\/p>\n

\"\"<\/p>\n

EURUSD, H4: <\/strong>EURUSD was traded lower following prior breakout below the previous support level at 1.2210. MACD which illustrated bearish bias momentum suggest the pair to extend its losses toward the support level at 1.2155.<\/p>\n

 <\/p>\n

Resistance level: 1.2210, 1.2265<\/p>\n

Support level: 1.2155, 1.2105<\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDJPY, H4: <\/strong>USDJPY was traded higher while currently testing the resistance level at 104.20. MACD which illustrated bullish bias momentum suggest the pair to extend its gains after it successfully breakout above the resistance level at 104.20.<\/p>\n

 <\/p>\n

Resistance level: 104.20, 104.40<\/p>\n

Support level: 103.90, 103.65<\/p>\n

 <\/p>\n

\"\"<\/p>\n

AUDUSD, H4: <\/strong>AUDUSD was traded lower following prior breakout below the previous support level at 0.7735. MACD which illustrated bearish bias momentum suggest the pair to extend its losses toward the support level at 0.7665.<\/p>\n

 <\/p>\n

Resistance level: 0.7735, 0.7815<\/p>\n

Support level: 0.7665, 0.7595<\/p>\n

 <\/p>\n

\"\"<\/p>\n

NZDUSD, H4: <\/strong>NZDUSD was traded lower following prior breakout below the previous support level at 0.7235. MACD which illustrated bearish bias momentum suggest the pair to extend its losses toward the support level at 0.7170.<\/p>\n

 <\/p>\n

Resistance level: 0.7235, 0.7305<\/p>\n

Support level: 0.7170, 0.7110.<\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDCAD, H4: <\/strong>USDCAD was traded higher following prior breakout above the previous resistance level at 1.2730. MACD which illustrate bullish bias momentum suggest the pair to extend its gains toward the resistance level at 1.2770.<\/p>\n

 <\/p>\n

Resistance level: 1.2770, 1.2805<\/p>\n

Support level: 1.2730, 1.2700<\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDCHF, H4: <\/strong>USDCHF was traded higher while currently testing the resistance level at 0.8870. MACD which illustrated bullish bias momentum suggest the pair to extend its gains after it successfully breakout above the resistance level at 0.8870.<\/p>\n

 <\/p>\n

Resistance level: 0.8870, 0.8915<\/p>\n

Support level: 0.8825, 0.8760<\/p>\n

 <\/p>\n

\"\"<\/p>\n

CrudeOIL, H4: <\/strong>Crude oil price was traded lower following prior retracement from the resistance level at 52.65. MACD which illustrated diminishing bullish momentum suggest the commodity to extend its losses toward the support level at 51.05.<\/p>\n

 <\/p>\n

Resistance level: 52.65, 54.40<\/p>\n

Support level: 51.05, 49.55<\/p>\n

 <\/p>\n

\"\"<\/p>\n

GOLD_, H4: <\/strong>Gold price was traded lower while currently testing the support level at 1825.40. MACD which illustrated bearish bias momentum suggest the commodity to extend its losses after it successfully breakout below the support level at 1825.40.<\/p>\n

 <\/p>\n

Resistance level: 1842.90, 1861.05<\/p>\n

Support level: 1825.40, 1803.40<\/p>\n

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

11 January 2021\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Afternoon Session Analysis   Dollar rose following hopes for more stimulus measure. During late Asian session, the dollar index which traded against a basket of six major currency pairs\u00a0 have soared and extend its rebound following hopes for more U.S stimulus and big gains in U.S yields. According to latest development, U.S […]<\/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\/152546"}],"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=152546"}],"version-history":[{"count":0,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/152546\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/media?parent=152546"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/categories?post=152546"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/tags?post=152546"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}