{"id":212209,"date":"2021-11-26T00:52:58","date_gmt":"2021-11-26T00:52:58","guid":{"rendered":"https:\/\/www.gcmasia.co\/analysis\/en\/?p=212209"},"modified":"2021-11-26T00:52:58","modified_gmt":"2021-11-26T00:52:58","slug":"261121-morning-session-analysis","status":"publish","type":"post","link":"https:\/\/www.gcmasia.co\/analysis\/en\/information\/day\/261121-morning-session-analysis\/","title":{"rendered":"261121 Morning Session Analysis"},"content":{"rendered":"

26 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 Morning Session Analysis<\/strong><\/p>\n

 <\/p>\n

Euro dipped amid dovish stance from ECB.<\/strong><\/span><\/p>\n

The Euro was traded lower amid dovish tones from European Central Bank (ECB). According to the account of ECB\u2019s monetary policy meeting, the inflation remains view as temporary but the current volatile in general price of goods sold will be more last longer, while the raising of wages could potentially increase the risk of boosting the price of goods to be higher. According to Reuters, ECB is certain to agree on winding down a total of $2.08 trillion pandemic emergency bond-buying programme from March but will contemplate ramping up other purchases to pick up the slack. On the economic data front, Germany Gross Domestic Product (GDP) in third quarter came at the reading of 1.7%, lower than market forecast at 1.8%. The data suggested that the economic recovery momentum from the second quarter of this year flattened significantly in most areas due to supply bottlenecks. As of writing, the pair of EUR\/USD was down 0.04% to 1.1210.<\/p>\n

 <\/p>\n

In the commodities market, the crude oil price slumped 0.48% to $77.73 per barrel as of writing amid fear of oversupplying. According to Reuters, OPEC was not currently discussing any plan to pause its increases of oil output despite the United States and others releasing their oil reserves. On the other hand, the gold price slumped 0.03% to $1791.80 per troy ounces amid strengthening US 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

16:00\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 EUR\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 ECB President Lagarde Speaks<\/p>\n

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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 higher following prior rebound from lower level. MACD which illustrate diminished downward momentum suggests the index to be traded higher in short-term.<\/p>\n

 <\/p>\n

Resistance level: 96.85, 97.20<\/p>\n

Support level: 96.50, 96.15<\/p>\n

 <\/p>\n

\"\"<\/p>\n

GBPUSD, H4: <\/strong>GBPUSD was traded lower following prior retracement from higher level. MACD which illustrate downward momentum suggests the pair to be traded lower in short-term.<\/p>\n

 <\/p>\n

Resistance level: 1.3355, 1.3410<\/p>\n

Support level: 1.3290, 1.3220<\/p>\n

 <\/p>\n

\"\"<\/p>\n

EURUSD, H4: <\/strong>EURUSD was traded higher following prior rebound from lower level. MACD which illustrate diminished downward momentum suggests the pair to be traded higher after closing above 1.1210.<\/p>\n

 <\/p>\n

Resistance level: 1.1210, 1.1285<\/p>\n

Support level: 1.1140, 1.1065<\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDJPY, H4: <\/strong>USDJPY was traded lower following prior retracement from higher levels. MACD which illustrate bearish signal suggests the pair to be traded lower in short-term as technical correction.<\/p>\n

 <\/p>\n

Resistance level: 115.70, 116.20<\/p>\n

Support level: 114.90, 114.25<\/p>\n

 <\/p>\n

\"\"<\/p>\n

AUDUSD, Daily: <\/strong>AUDUSD was traded lower following prior closure below 0.7210. MACD which illustrate bearish signal suggests the pair to be traded lower after closing below 0.7170.<\/p>\n

 <\/p>\n

Resistance level: 0.7210, 0.7275<\/p>\n

Support level: 0.7170, 0.7105<\/p>\n

 <\/p>\n

\"\"<\/p>\n

NZDUSD, H1: <\/strong>NZDUSD was traded lower following prior closure below 0.6900. MACD which begins to form bearish signal suggests the pair to be traded lower in short-term.<\/p>\n

 <\/p>\n

Resistance level: 0.6865, 0.6900<\/p>\n

Support level: 0.6835, 0.6805<\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDCAD, H4: <\/strong>USDCAD was traded higher following prior rebound from lower level. MACD which illustrate diminished downward momentum suggests the pair to be traded higher after closing above 1.2660.<\/p>\n

 <\/p>\n

Resistance level: 1.2660, 1.2725<\/p>\n

Support level: 1.2590, 1.2535<\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDCHF, H1: <\/strong>USDCHF was traded lower following prior closure below 0.9345. MACD which diminished upward momentum suggests the pair to be traded lower in short-term as technical correction.<\/p>\n

 <\/p>\n

Resistance level: 0.9365, 0.9380<\/p>\n

Support level: 0.9345, 0.9325<\/p>\n

 <\/p>\n

\"\"<\/p>\n

CrudeOIL, H4: <\/strong>Crude oil price was traded lower following prior retrace from higher level. MACD which illustrate diminished upward momentum suggests its price to be traded lower in short-term after closing below 77.40.<\/p>\n

 <\/p>\n

Resistance level: 78.80, 79.95<\/p>\n

Support level: 77.40, 76.30<\/p>\n

 <\/p>\n

\"\"<\/p>\n

GOLD_, H4: <\/strong>Gold price was traded higher following prior rebound from lower level. MACD which illustrate diminished bearish momentum suggests the pair to be traded higher in short-term.<\/p>\n

 <\/p>\n

Resistance level: 1799.70, 1817.15<\/p>\n

Support level: 1782.25, 1760.65<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

26 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 Morning Session Analysis   Euro dipped amid dovish stance from ECB. The Euro was traded lower amid dovish tones from European Central Bank (ECB). According to the account of ECB\u2019s monetary policy meeting, the inflation remains view as temporary but the current volatile in general price of goods sold will be more […]<\/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\/212209"}],"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=212209"}],"version-history":[{"count":0,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/212209\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/media?parent=212209"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/categories?post=212209"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/tags?post=212209"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}