{"id":165837,"date":"2021-04-05T05:43:55","date_gmt":"2021-04-05T05:43:55","guid":{"rendered":"http:\/\/www.gcmasia.co\/analysis\/en\/?p=165837"},"modified":"2021-04-05T05:43:55","modified_gmt":"2021-04-05T05:43:55","slug":"050421-afternoon-session-analysis","status":"publish","type":"post","link":"https:\/\/www.gcmasia.co\/analysis\/en\/information\/day\/050421-afternoon-session-analysis\/","title":{"rendered":"050421 Afternoon Session Analysis"},"content":{"rendered":"

5 April 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 Afternoon Session Analysis<\/strong><\/p>\n

 <\/p>\n

Euro remains weak following vaccination slowdown.<\/strong><\/span><\/p>\n

During late Asian session, the Euro which traded against the greenback and other currency pairs remains pressured and fell as the EU continue to struggle to recover from the pandemic. As of now, investors continue to digest the problem of vaccination programs in the EU which is currently still unresolved. Last week, the French Finance Minister had lowered the economic expectations for the year following the slowdown vaccinations. Most countries in the EU have launched vaccination programs later than expected due to lack of vaccine stocks and confidence among its citizens towards vaccination. In addition, the increasing cases of coronavirus also weigh heavily on the pair as several countries such as France, Germany and Italy have announced new restrictions to curb the increase in coronavirus cases. At the time of writing, EUR\/USD fell 0.02% to $1.1766 at.<\/p>\n

 <\/p>\n

In the commodities market, crude oil price slips 0.26% to $61.05 per barrel as of writing amid market continue to digest news of OPEC to lowered its production cuts between May and July. Under last week Thursday\u2019s agreement, OPEC production cuts would be just above 6.5 million barrels per day from May, slightly lesser than April with 7 million. However, steady pace of vaccination in most countries and increasing travel may help offset the losses while market awaits for further signal. On the other hand, gold price fell 0.22% to $1725.84 a troy ounce at the time of writing amid rising dollar.<\/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 \u00a0Event <\/strong><\/p>\n

All Day\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 GBP\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\u00a0\u00a0\u00a0\u00a0 Easter<\/p>\n

All Day\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 EUR\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\u00a0\u00a0\u00a0\u00a0 Easter<\/p>\n

All Day\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 AUD\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 Easter<\/p>\n

All Day\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 CAD\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\u00a0\u00a0\u00a0\u00a0 Easter<\/p>\n

All Day\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 NZD\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\u00a0\u00a0\u00a0\u00a0 Easter<\/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\n\n\n
Time<\/strong><\/td>\nNation & Data<\/strong><\/td>\nPrevious<\/strong><\/td>\nForecast<\/strong><\/td>\nActual<\/strong><\/td>\n<\/tr>\n
22:00<\/td>\nUSD \u2013 ISM Non-Manufacturing PMI (Mar)<\/td>\n55.3<\/td>\n58.5<\/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 flat after recent retracement from resistance level 93.30. However, MACD which illustrate diminishing bearish momentum signal suggest the dollar to be traded higher in short term towards the resistance level 93.30.<\/p>\n

 <\/p>\n

Resistance level: 93.30, 94.20<\/p>\n

Support level: 92.40, 91.55<\/p>\n

 <\/p>\n

\"\"<\/p>\n

GBPUSD, H4: <\/strong>GBPUSD remain traded in a sideway channel while currently testing near the resistance level 1.3855. However, MACD which illustrate diminishing bullish momentum signal suggest the pair to be traded lower towards the support level 1.3675.<\/p>\n

 <\/p>\n

Resistance level: 1.3855, 1.4005<\/p>\n

Support level: 1.3675, 1.3550<\/p>\n

 <\/p>\n

\"\"<\/p>\n

EURUSD, H4: <\/strong>EURUSD was traded flat after recent rebound from the support level 1.1700. However, MACD which illustrate bullish bias signal suggest the pair to be traded higher towards the resistance level 1.1850.<\/p>\n

 <\/p>\n

Resistance level: 1.1850, 1.1985<\/p>\n

Support level: 1.1700, 1.1605<\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDJPY, H4: <\/strong>USDJPY remain traded in a sideway channel. However, MACD which illustrate bearish momentum signal suggest the pair to be traded lower in short term towards the support level 110.25.<\/p>\n

 <\/p>\n

Resistance level: 110.90, 111.60<\/p>\n

Support level: 110.25, 109.75<\/p>\n

 <\/p>\n

\"\"<\/p>\n

AUDUSD, H4: <\/strong>AUDUSD remain traded in a sideway channel while currently testing near the resistance level 0.7640. However, MACD which illustrate bullish bias signal suggest the pair to be traded higher after it breaks above the resistance level 0.7640.<\/p>\n

 <\/p>\n

Resistance level: 0.7640, 0.7715<\/p>\n

Support level: 0.7555, 0.7450<\/p>\n

 <\/p>\n

\"\"<\/p>\n

NZDUSD, H4: <\/strong>NZDUSD remain traded in a sideway channel while currently testing the resistance level 0.7035. However, MACD which illustrate diminishing bullish momentum signal suggest the pair to be traded lower towards the support level 0.6945.<\/p>\n

 <\/p>\n

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

Support level: 0.6945, 0.6870<\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDCAD, H4: <\/strong>USDCAD remain traded in a sideway channel. However, MACD which illustrate bullish bias signal with the formation of golden cross suggest the pair to be traded higher in short term towards the resistance level 1.2610.<\/p>\n

 <\/p>\n

Resistance level: 1.2610, 1.2745<\/p>\n

Support level: 1.2475, 1.2360<\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDCHF, H4: <\/strong>USDCHF remain traded flat in a sideway channel. However, MACD which display bullish bias signal suggest the pair to be traded higher in short term towards the resistance level 0.9455.<\/p>\n

 <\/p>\n

Resistance level: 0.9455, 0.9525<\/p>\n

Support level: 0.9365, 0.9300<\/p>\n

 <\/p>\n

\"\"<\/p>\n

CrudeOIL, H4: <\/strong>Crude oil price remain traded in sideway channel while currently testing near the resistance level 61.70. However, MACD which illustrate bullish momentum signal with the formation of golden cross suggest the commodity to be traded higher after it breaks above the resistance level 61.70.<\/p>\n

 <\/p>\n

Resistance level: 61.70, 63.70<\/p>\n

Support level: 59.40, 57.50<\/p>\n

 <\/p>\n

\"\"<\/p>\n

GOLD_, H4: <\/strong>Gold price was traded higher after it recently breaks above the resistance level 1702.30 However, MACD which illustrate diminishing bullish momentum signal suggest the commodity to experience a technical correction back towards the level 1702.30.<\/p>\n

 <\/p>\n

Resistance level: 1742.20, 1767.45<\/p>\n

Support level: 1702.30, 1677.25<\/p>\n","protected":false},"excerpt":{"rendered":"

5 April 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 Afternoon Session Analysis   Euro remains weak following vaccination slowdown. During late Asian session, the Euro which traded against the greenback and other currency pairs remains pressured and fell as the EU continue to struggle to recover from the pandemic. As of now, investors continue to digest the problem of vaccination programs […]<\/p>\n","protected":false},"author":54,"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\/165837"}],"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\/54"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/comments?post=165837"}],"version-history":[{"count":0,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/165837\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/media?parent=165837"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/categories?post=165837"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/tags?post=165837"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}