{"id":155838,"date":"2021-02-15T05:42:25","date_gmt":"2021-02-15T05:42:25","guid":{"rendered":"http:\/\/www.gcmasia.co\/analysis\/en\/?p=155838"},"modified":"2021-02-15T05:42:25","modified_gmt":"2021-02-15T05:42:25","slug":"150221-afternoon-session-analysis","status":"publish","type":"post","link":"https:\/\/www.gcmasia.co\/analysis\/en\/information\/day\/150221-afternoon-session-analysis\/","title":{"rendered":"150221 Afternoon Session Analysis"},"content":{"rendered":"

15 February 2021\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

Dollar dipped following House of Congress failed to impeach Trump. <\/strong><\/span><\/p>\n

Dollar index which gauges its value against a basket of six major currencies sank after US Congress failed to convict former President Trump of inciting the 6th<\/sup> Jan riot in the Capitol in the second impeachment. In the second impeachment trial, seven Republicans joined the Democrats voted to convict Trump, yet support from 67 senators or two-thirds of the chamber would have to be acquired for a conviction. The voting result has illustrated that Trump still having a strong support over Republicans nationally despite his November loss in US Presidency election and his subsequent refusal to concede defeat. In details, it means that failure of Trump impeachment would avoid himself away from disqualification to hold and enjoy any office of honor, trust or profit under the United States while he is also qualified to participate in 2024 US election. According to the Morning Consult Poll, there are 42% of Republicans saying that they will still vote for Donald Trump in the next election. With the backdrop of failing to impeach Trump, US political uncertainty heightened while investors continue eyes on the next step that would be taken by Democrats to convict Trump. As of writing, dollar index dropped by 0.15% to 90.35.<\/p>\n

 <\/p>\n

In the commodities market, the crude oil price appreciated by 1.76% to $60.55 per barrel amid 100 oil and gas tankers in Afghanistan have been destroyed by an inferno. Massive fire in Afghanistan caused dozens of tankers were ablaze, interrupted the oil market balance between supply and demand. Besides, gold price ticked up 0.01% to $1824.50 a troy ounce amid weakening of dollar index.<\/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 Market\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Event <\/strong><\/p>\n

All Day\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 USD\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\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 President\u2019s Day<\/p>\n

All Day\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 CNY\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\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Spring Festival<\/p>\n

All Day\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Canada\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Family Day<\/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 Market\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 lower following prior breakout below the previous support level at 90.45. MACD which illustrated diminishing bullish momentum suggest the index to extend its losses toward the support level at 90.00.<\/p>\n

 <\/p>\n

Resistance level: 90.45, 90.75<\/p>\n

Support level: 90.00, 89.60<\/p>\n

 <\/p>\n

\"\"<\/p>\n

GBPUSD, H4: <\/strong>GBPUSD was traded higher while currently testing the resistance level at 1.3900. MACD which illustrated bullish momentum suggest the pair to extend its gains after it successfully breakout above the resistance level.<\/p>\n

 <\/p>\n

Resistance level: 1.3900, 1.3960<\/p>\n

Support level: 1.3855, 1.3800<\/p>\n

 <\/p>\n

\"\"<\/p>\n

EURUSD, H4: <\/strong>EURUSD was traded higher following prior rebound from the support level at 1.2105. MACD which illustrated diminishing bearish momentum suggest the pair to extend its gains toward the resistance level at 1.2145.<\/p>\n

 <\/p>\n

Resistance level: 1.2145, 1.2180<\/p>\n

Support level: 1.2105, 1.2065<\/p>\n

 <\/p>\n

\"\" \"\"<\/p>\n

USDJPY, H4: <\/strong>USDJPY was traded higher while currently testing the resistance level at 105.10. However, MACD which illustrated diminishing bullish momentum signal suggest the pair to undergo technical correction in short term toward the support level at 104.65.<\/p>\n

 <\/p>\n

Resistance level: 105.10, 105.65<\/p>\n

Support level: 104.65, 104.35<\/p>\n

 <\/p>\n

\"\"<\/p>\n

AUDUSD, H4: <\/strong>AUDUSD was traded higher following prior breakout above the previous resistance level at 0.7740. MACD which illustrated diminishing bearish momentum suggest the pair to extend its gains toward the resistance level at 0.7785.<\/p>\n

 <\/p>\n

Resistance level: 0.7785, 0.7815<\/p>\n

Support level: 0.7740, 0.7670<\/p>\n

 <\/p>\n

\"\"<\/p>\n

NZDUSD, H4: <\/strong>NZDUSD was traded higher following prior rebound from the lower level. MACD which illustrated diminishing bearish momentum suggest the pair to extend its gains toward the resistance level at 0.7240.<\/p>\n

 <\/p>\n

Resistance level: 0.7240, 0.7300<\/p>\n

Support level: 0.7165, 0.7105<\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDCAD, H4: <\/strong>USDCAD was traded lower following prior breakout below the previous support level at 1.2690. MACD which illustrate diminishing bullish momentum signal suggest the pair to extend its losses toward the support level at 1.2650.<\/p>\n

 <\/p>\n

Resistance level: 1.2690, 1.2740<\/p>\n

Support level: 1.2650, 1.2610<\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDCHF, H4: <\/strong>USDCHF was traded higher while currently testing the resistance level at 0.8920. However, MACD which illustrated diminishing bullish momentum suggest the pair to undergo technical correction in short term.<\/p>\n

 <\/p>\n

Resistance level: 0.8920, 0.8985<\/p>\n

Support level: 0.8850, 0.8805<\/p>\n

 <\/p>\n

\"\"<\/p>\n

CrudeOIL, H4: <\/strong>Crude oil price was traded higher while currently testing the resistance level at 60.15. MACD which illustrated bullish bias momentum suggest the commodity to extend gains after it successfully breakout above the resistance level.<\/p>\n

 <\/p>\n

Resistance level: 60.15, 61.05<\/p>\n

Support level: 59.45, 58.65<\/p>\n

 <\/p>\n

\"\"<\/p>\n

GOLD_, H4: <\/strong>Gold price was traded higher while currently testing the resistance level at 1825.40. MACD which illustrated diminishing bearish momentum suggest the commodity to extend its gains after it successfully breakout above the resistance level.<\/p>\n

 <\/p>\n

Resistance level: 1825.40, 1839.40<\/p>\n

Support level: 1803.00, 1765.15<\/p>\n","protected":false},"excerpt":{"rendered":"

15 February 2021\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 Dollar dipped following House of Congress failed to impeach Trump. Dollar index which gauges its value against a basket of six major currencies sank after US Congress failed to convict former President Trump of inciting the 6th Jan riot in the Capitol in the second impeachment. In the second […]<\/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\/155838"}],"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=155838"}],"version-history":[{"count":0,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/155838\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/media?parent=155838"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/categories?post=155838"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/tags?post=155838"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}