{"id":157151,"date":"2021-02-22T00:59:37","date_gmt":"2021-02-22T00:59:37","guid":{"rendered":"http:\/\/www.gcmasia.co\/analysis\/en\/?p=157151"},"modified":"2021-02-22T00:59:37","modified_gmt":"2021-02-22T00:59:37","slug":"220221-morning-session-analysis","status":"publish","type":"post","link":"https:\/\/www.gcmasia.co\/analysis\/en\/information\/day\/220221-morning-session-analysis\/","title":{"rendered":"220221 Morning Session Analysis"},"content":{"rendered":"

22 February 2021\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Morning Session Analysis<\/strong><\/p>\n

 <\/p>\n

Pound surged following UK planned to ease their lockdown gradually.<\/strong><\/span><\/p>\n

Pound sterling which act as one of the major currencies that is being traded in FX market climbed as UK government will start to lift their lockdown restriction in a cautious approach. According to a UK senior minister statement, restriction in UK will be removed gradually to judge the impacts while putting more effort on the ongoing vaccination programme in order to achieve herd immunity as soon as possible. As of now, investors are still waiting for the UK Prime Minister\u2019s roadmap on lockdown easing that scheduled to put to Member of Parliament on later today. Nonetheless, Boris Johnson revealed that reopening school will still be the priority of his plan, while some other restriction such as rules of socialising in a public space will be relaxed as well. On the other hand, pound appeal got boosted up significantly as the vaccination program in UK is running well where the total number of UK citizens who has received the first dose of vaccine rose to 26.3% as of last week. In a comparison on the number of infections, UK has reported a lower number of daily cases at 9.8K yesterday while comparing to the number during the end of year 2020, a large gap been identified while showing that the effectiveness of vaccination takes place in curbing the transmission of virus. During Asian trading session, the pair of GBP\/USD rose by 0.01% to 1.4015.<\/p>\n

 <\/p>\n

In the commodities market, crude oil price appreciated by 0.85% to $59.50 per barrel as of writing amid severe storm swept through the US, while estimating about few million bpd of oil production in Texas were being affected. Besides, gold price ticked up by 0.01% to $1784.50 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 Market\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 Market\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\n\n\n
Time<\/strong><\/td>\nNation & Data<\/strong><\/td>\nPrevious<\/strong><\/td>\nForecast<\/strong><\/td>\nActual<\/strong><\/td>\n<\/tr>\n
17:00<\/td>\nEUR \u2013 German Ifo Business Climate Index (Feb)<\/td>\n90.1<\/td>\n90.5<\/td>\n–<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\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 lower level. MACD which illustrated diminishing bearish momentum suggest the index to extend its gains toward the resistance level at 90.45.<\/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 following prior breakout above the previous resistance level at 1.4010. MACD which illustrated bullish bias momentum suggest the pair to extend its gains toward the resistance level at 1.4085.<\/p>\n

 <\/p>\n

Resistance level: 1.4085, 1.4150<\/p>\n

Support level: 1.4010, 1.3945<\/p>\n

 <\/p>\n

\"\"<\/p>\n

EURUSD, H4: <\/strong>EURUSD was traded higher following prior rebound from the lower level. However, MACD which illustrated diminishing bullish momentum suggest the pair to undergo technical correction in short term.<\/p>\n

 <\/p>\n

Resistance level: 1.2155, 1.2195<\/p>\n

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

 <\/p>\n

\"\"<\/p>\n

USDJPY, H4: <\/strong>USDJPY was traded lower following prior retracement from the resistance level at 105.65. MACD which illustrated bearish bias momentum signal suggest the pair to extend its losses toward the support level at 105.10.<\/p>\n

 <\/p>\n

Resistance level: 105.65, 106.10<\/p>\n

Support level: 105.10, 104.65<\/p>\n

 <\/p>\n

\"\"<\/p>\n

AUDUSD, H4: <\/strong>AUDUSD was traded higher while currently testing the resistance level at 0.7890. MACD which illustrated bullish bias momentum suggest the pair to extend its gains after it successfully breakout above the resistance level.<\/p>\n

 <\/p>\n

Resistance level: 0.7890, 0.7940<\/p>\n

Support level: 0.7850, 0.7815<\/p>\n

 <\/p>\n

\"\"<\/p>\n

NZDUSD, H4: <\/strong>NZDUSD was traded higher while currently testing the resistance level at 0.7300. MACD which illustrated bullish bias momentum suggest the pair to extend its gains after it successfully breakout above the resistance level.<\/p>\n

 <\/p>\n

Resistance level: 0.7300, 0.7335<\/p>\n

Support level: 0.7240, 0.7165<\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDCAD, H4: <\/strong>USDCAD was traded lower following prior breakout below the previous support level at 1.2610. MACD which illustrate bearish bias momentum signal suggest the pair to extend its losses toward the support level at 1.2555.<\/p>\n

 <\/p>\n

Resistance level: 1.2610, 1.2685<\/p>\n

Support level: 1.2555, 1.2485<\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDCHF, H4: <\/strong>USDCHF 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 0.8985.<\/p>\n

 <\/p>\n

Resistance level: 0.8985, 0.9040<\/p>\n

Support level: 0.8920, 0.8850<\/p>\n

 <\/p>\n

\"\"<\/p>\n

CrudeOIL, H4: <\/strong>Crude oil price was traded higher while currently testing the resistance level at 59.80. 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: 59.80, 60.65<\/p>\n

Support level: 58.70, 57.80<\/p>\n

 <\/p>\n

\"\"<\/p>\n

GOLD_, H4: <\/strong>Gold price was traded higher while currently testing the resistance level at 1786.55. MACD which illustrated bullish bias momentum suggest the commodity to extend its gains after it successfully breakout above the resistance level.<\/p>\n

 <\/p>\n

Resistance level: 1786.55, 1803.00<\/p>\n

Support level: 1765.15, 1738.10<\/p>\n","protected":false},"excerpt":{"rendered":"

22 February 2021\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Morning Session Analysis   Pound surged following UK planned to ease their lockdown gradually. Pound sterling which act as one of the major currencies that is being traded in FX market climbed as UK government will start to lift their lockdown restriction in a cautious approach. According to a UK senior minister […]<\/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\/157151"}],"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=157151"}],"version-history":[{"count":0,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/157151\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/media?parent=157151"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/categories?post=157151"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/tags?post=157151"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}