{"id":209813,"date":"2021-11-15T05:36:37","date_gmt":"2021-11-15T05:36:37","guid":{"rendered":"https:\/\/www.gcmasia.co\/analysis\/en\/?p=209813"},"modified":"2021-11-15T05:36:37","modified_gmt":"2021-11-15T05:36:37","slug":"151121-afternoon-session-analysis","status":"publish","type":"post","link":"https:\/\/www.gcmasia.co\/analysis\/en\/information\/day\/151121-afternoon-session-analysis\/","title":{"rendered":"151121 Afternoon Session Analysis"},"content":{"rendered":"

15 November 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\u00a0 Afternoon Session Analysis<\/strong><\/p>\n

 <\/p>\n

Japanese Yen flattens amid downbeat inflation data.<\/strong><\/span><\/p>\n

The Japanese Yen remains pressured and traded flat against US dollar over the backdrop of downbeat economic data. According to Cabinet Office, Japan Gross Domestic Product (GDP) in third quarter eased lower from the previous reading of 1.5% to -3.0%, worse than the forecasted reading of -0.8%. According to Takeshi Minami, chief economist at Norinchukin Research Institute, both production output and capital spending was hit by the recent supply-chain disruption. Moreover, Bank of Japan (BoJ) was reported to initiate its economic stimulus package through fiscal expenditure worth $350 billion, according to Nikkei business daily. Based on the draft of the stimulus package, the Japan government will focus on sectors which require high consumption of fuel energy to operate such as agriculture, forestry and fisheries as well as logistics firms. As of writing, the pair of USD\/JPY traded flat at around 113.836.<\/p>\n

 <\/p>\n

In the commodities market, the crude oil price was down 0.97% to $78.85 per barrel as of writing amid fears of supply boost. US energy firms have added their oil rigs by 6 in total while the soaring oil have prompted some oil drillers to increase their production. On the other hand, the gold price surged 0.35% to $1858.95 per troy ounces amid risk off sentiment.<\/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
\n<\/u><\/strong><\/p>\n

 <\/p>\n

Technical Analysis<\/u><\/strong><\/p>\n

\"\"<\/p>\n

DOLLAR_INDX, H4: <\/strong>Dollar index was traded lower following prior retracement from the resistance level 95.20. MACD which illustrate bearish bias signal with the formation of death cross suggest the dollar to extend its retracement towards the support level 94.45.<\/p>\n

 <\/p>\n

Resistance level: 95.20, 95.75<\/p>\n

Support level: 94.45, 93.85<\/p>\n

 <\/p>\n

\"\"<\/p>\n

GBPUSD, H4: <\/strong>GBPUSD was traded higher while currently testing the resistance level 1.3435. MACD which illustrate bullish momentum signal with the formation of golden cross suggest the pair to extend its gains after it breaks above the resistance level.<\/p>\n

 <\/p>\n

Resistance level: 1.3435, 1.3545<\/p>\n

Support level: 1.3300, 1.3160<\/p>\n

 <\/p>\n

\"\"<\/p>\n

EURUSD, H4: <\/strong>EURUSD was traded higher following prior rebound from the support level 1.1455. MACD which illustrate bullish momentum signal with the formation of golden cross suggest the pair to extend its gains towards the resistance level 1.5335.<\/p>\n

 <\/p>\n

Resistance level: 1.5335, 1.1615<\/p>\n

Support level: 1.1455, 1.1365<\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDJPY, H4: <\/strong>USDJPY remain traded in a sideway channel. MACD which illustrate bearish momentum signal with the formation of death cross suggest the pair to be traded lower towards the support level 113.20<\/p>\n

 <\/p>\n

Resistance level: 114.60, 115.85<\/p>\n

Support level: 113.20, 112.00<\/p>\n

 <\/p>\n

\"\"<\/p>\n

AUDUSD, H4: <\/strong>AUDUSD was traded higher following prior rebound from the support level 0.7320. MACD which illustrate bullish bias signal with the formation of golden cross suggest the pair to extend its rebound towards the resistance level 0.7385.<\/p>\n

 <\/p>\n

Resistance level: 0.7385, 0.7455<\/p>\n

Support level: 0.7320, 0.7220<\/p>\n

\u00a0<\/strong><\/p>\n

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

NZDUSD, H4: <\/strong>NZDUSD was traded higher following prior rebound from its low level. MACD which illustrate bullish bias signal with the formation of golden cross suggest the pair to extend its rebound towards the resistance level 0.7075.<\/p>\n

 <\/p>\n

Resistance level: 0.7075, 0.7145<\/p>\n

Support level: 0.6980, 0.6910<\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDCAD, H4: <\/strong>USDCAD was traded lower while currently testing near the support level 1.2515. MACD which illustrate bearish momentum 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: 1.2620, 1.2765<\/p>\n

Support level: 1.2515, 1.2410<\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDCHF, <\/strong>H4: <\/strong>USDCHF was traded lower following prior retracement from the resistance level 0.9225. MACD which illustrate bearish bias signal with the formation of death cross suggest the pair to extend its retracement towards the support level 0.9145.<\/p>\n

 <\/p>\n

Resistance level: 0.9225, 0.9295<\/p>\n

Support level: 0.9145, 0.9085<\/p>\n

 <\/p>\n

\"\"<\/p>\n

CrudeOIL, H4: <\/strong>Crude oil price was traded lower while currently testing the support level 78.80. MACD which illustrate persistent bearish momentum signal suggest the commodity to extend its losses after it breaks below the support level.<\/p>\n

 <\/p>\n

Resistance level: 81.10, 84.75<\/p>\n

Support level: 78.80, 75.85<\/p>\n

 <\/p>\n

\"\"<\/p>\n

GOLD_, H4: <\/strong>Gold price was traded lower following prior retracement from the resistance level 1867.50. MACD which illustrate persistent bearish momentum signal suggest the commodity to extend its losses towards the support level 1831.50.<\/p>\n

 <\/p>\n

Resistance level: 1867.50, 1898.40<\/p>\n

Support level: 1831.50, 1805.60<\/p>\n","protected":false},"excerpt":{"rendered":"

15 November 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\u00a0 Afternoon Session Analysis   Japanese Yen flattens amid downbeat inflation data. The Japanese Yen remains pressured and traded flat against US dollar over the backdrop of downbeat economic data. According to Cabinet Office, Japan Gross Domestic Product (GDP) in third quarter eased lower from the previous reading of 1.5% to -3.0%, worse […]<\/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\/209813"}],"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=209813"}],"version-history":[{"count":0,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/209813\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/media?parent=209813"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/categories?post=209813"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/tags?post=209813"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}