{"id":181741,"date":"2021-06-25T05:41:53","date_gmt":"2021-06-25T05:41:53","guid":{"rendered":"http:\/\/www.gcmasia.co\/analysis\/en\/?p=181741"},"modified":"2021-06-25T05:41:53","modified_gmt":"2021-06-25T05:41:53","slug":"250621-afternoon-session-analysis","status":"publish","type":"post","link":"https:\/\/www.gcmasia.co\/analysis\/en\/information\/day\/250621-afternoon-session-analysis\/","title":{"rendered":"250621 Afternoon Session Analysis"},"content":{"rendered":"

25 June 2021\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

Dollar slips following recent weak data.<\/strong><\/span><\/p>\n

The dollar index which traded against a basket of six major currency pairs have fell following recent release of weak data. According to the U.S Bureau of Economic Analysis (BEA), US GDP have increased in line with expectation of 6.4% for the first quarter. Despite that, the data showed that the momentum of economy recovery in the U.S may have likely to reach maximum capacity and it will decline slightly in the foreseeable future. Besides that, U.S Core Durable Goods Orders also depreciated to 0.3% against market expectation of 0.8%. U.S Initial Jobless Claims also came in weaker than expectation with 411K against 380K. At the time of writing, dollar index fell 0.06% to 91.73.<\/p>\n

 <\/p>\n

In the commodities market, crude oil price rose 0.03% to $73.67 per barrel as of writing following positive sentiment over U.S infrastructure deal. President Joe Biden stated that his Democratic Party managed to strike a contentious infrastructure deal with rival Republicans, without any tax hikes involved. On the other hand, gold price gains 0.16% to $1777.91 a troy ounce at the time of writing amid weakness in 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 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, H4: <\/strong>Dollar index was traded flat near the resistance level 91.75. However, MACD which illustrate bearish momentum signal suggest the dollar to extend its losses towards the support level 91.30.<\/p>\n

 <\/p>\n

Resistance level: 91.75, 92.25<\/p>\n

Support level: 91.30, 90.90<\/p>\n

 <\/p>\n

\"\"<\/p>\n

GBPUSD, H4: <\/strong>GBPUSD was traded lower following recent breakout below the previous support level 1.3935. MACD which illustrate bearish bias signal with the formation of death cross suggest the pair to extend its losses towards the support level 1.3830.<\/p>\n

 <\/p>\n

Resistance level: 1.3935, 1.4020<\/p>\n

Support level: 1.3830, 1.3755<\/p>\n

 <\/p>\n

\"\"<\/p>\n

EURUSD, H4: <\/strong>EURUSD was traded higher following prior rebound from the support level 1.1920. MACD which illustrate ongoing bullish momentum signal suggest the pair to extend its gains towards the resistance level 1.1985.<\/p>\n

 <\/p>\n

Resistance level: 1.1985, 1.2070<\/p>\n

Support level: 1.1920, 1.1845<\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDJPY, H4: <\/strong>USDJPY was traded flat near the support level 110.80. However, MACD which illustrate bearish bias signal with the formation of death cross suggest the pair to extend its losses after it breaks below the support level.<\/p>\n

 <\/p>\n

Resistance level: 111.60, 112.20<\/p>\n

Support level: 110.80, 110.30<\/p>\n

 <\/p>\n

\"\"<\/p>\n

AUDUSD, H4: <\/strong>AUDUSD was traded higher while currently testing the resistance level 0.7595. However, MACD which illustrate diminishing bullish momentum signal suggest the pair to be traded lower as a short-term technical correction towards the support level 0.7545.<\/p>\n

 <\/p>\n

Resistance level: 0.7595, 0.7650<\/p>\n

Support level: 0.7545, 0.7475<\/p>\n

 <\/p>\n

\"\"<\/p>\n

NZDUSD, H4: <\/strong>NZDUSD was traded higher while currently testing the resistance level 0.7065. However, MACD which illustrate diminishing bullish momentum signal suggest the pair to experience a technical correction towards the support level 0.7000.<\/p>\n

 <\/p>\n

Resistance level: 0.7065, 0.7135<\/p>\n

Support level: 0.7000, 0.6925<\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDCAD, H4: <\/strong>USDCAD remain traded in a sideway channel. However, MACD which illustrate diminishing bearish momentum signal suggest the pair to be traded higher in short term towards the resistance level 1.2350.<\/p>\n

 <\/p>\n

Resistance level: 1.2350, 1.2420<\/p>\n

Support level: 1.2275, 1.2185<\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDCHF, H4: <\/strong>USDCHF was traded lower following prior retracement from the resistance level 0.9195. MACD which illustrate ongoing bearish momentum signal suggest the pair to extend its losses towards the support level 0.9135.<\/p>\n

 <\/p>\n

Resistance level: 0.9195, 0.9245<\/p>\n

Support level: 0.9135, 0.9090<\/p>\n

 <\/p>\n

\"\"<\/p>\n

CrudeOIL, H4: <\/strong>Crude oil price was traded higher following prior rebound from the support level 72.40. MACD which illustrate diminishing bearish momentum signal suggest the commodity to extend its gains towards the resistance level 74.20.<\/p>\n

 <\/p>\n

Resistance level: 74.20, 76.30<\/p>\n

Support level: 72.40, 70.25<\/p>\n

 <\/p>\n

\"\"<\/p>\n

GOLD_, H4: <\/strong>Gold price remain traded flat in a sideway channel while currently testing near the support level 1767.55. However, MACD which illustrate diminishing bullish momentum signal suggest the commodity to be traded lower after it breaks below the support level.<\/p>\n

 <\/p>\n

Resistance level: 1812.10, 1856.00<\/p>\n

Support level: 1767.55, 1725.50<\/p>\n","protected":false},"excerpt":{"rendered":"

25 June 2021\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 slips following recent weak data. The dollar index which traded against a basket of six major currency pairs have fell following recent release of weak data. According to the U.S Bureau of Economic Analysis (BEA), US GDP have increased in line with expectation of 6.4% for the […]<\/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\/181741"}],"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=181741"}],"version-history":[{"count":0,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/181741\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/media?parent=181741"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/categories?post=181741"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/tags?post=181741"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}