{"id":35621,"date":"2018-10-19T06:35:03","date_gmt":"2018-10-19T06:35:03","guid":{"rendered":"http:\/\/www.gcmasia.co\/analysis\/en\/?p=35621"},"modified":"2018-10-19T06:35:03","modified_gmt":"2018-10-19T06:35:03","slug":"191018-afternoon-session-analysis","status":"publish","type":"post","link":"https:\/\/www.gcmasia.co\/analysis\/en\/information\/day\/191018-afternoon-session-analysis\/","title":{"rendered":"191018 Afternoon Session Analysis"},"content":{"rendered":"

19 October 2018\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Afternoon Session Analysis<\/strong><\/p>\n

 <\/p>\n

Dollar remained flat amid slow Friday trading.<\/strong><\/p>\n

Dollar index was traded flat prior to European trading session amid slow market on Friday as investors are waiting for any news that would provide sentiment towards the dollar. Dollar recently surged 0.33% to 94.70, a new high since 9th<\/sup> October amid hawkish sentiment from the Fed\u2019s minute meeting where investors are expecting gradual rate hikes in the near future. Further supporting the dollar was yesterday\u2019s Philadelphia Fed Manufacturing Index with a reading of 22.2, beating the forecasted data of 19.7. In other news, pair of GBP\/USD was inched up by 0.03% to 1.3020 as of writing after falling to its 2-weeks low amid dovish sentiment from EU summit at Brussels yesterday. During the summit, UK Prime Minister Theresa May failed to propose a deal to solve the North Ireland border issue. Investors are afraid that the Brexit deadline will be delayed as the EU had also agreed that longer time is needed for a deal to meet.<\/p>\n

 <\/p>\n

In the commodities market, crude oil price was down by 0.02% to $68.75 per barrel before European trading session. Sentiment towards the oil market remains cloudy since Wednesday Crude Oil Inventories data which indicates excess inventory. On the other hand, gold price was up 0.14% to $1,227.35 a troy ounce amid higher demand as investors flee from falling shares market.<\/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

23:30\u00a0\u00a0\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 BoE Gov Carney Speaks<\/p>\n

 <\/p>\n

Today\u2019s Highlight Economic Data<\/u><\/p>\n\n\n\n\n\n\n\n
Time<\/strong><\/td>\nMarket & Data<\/strong><\/td>\nPrevious<\/strong><\/td>\nForecast<\/strong><\/td>\nActual<\/strong><\/td>\n<\/tr>\n
20:30<\/td>\nCAD \u2013 Core CPI (MoM) (Sep)<\/td>\n0.1%<\/td>\n–<\/td>\n–<\/td>\n<\/tr>\n
20:30<\/td>\nCAD \u2013 Core Retail Sales (MoM) (Aug)<\/td>\n0.9%<\/td>\n0.2%<\/td>\n–<\/td>\n<\/tr>\n
22:00<\/td>\nUSD \u2013 Existing Home Sales (Sep)<\/td>\n5.34M<\/td>\n5.30M<\/td>\n–<\/td>\n<\/tr>\n
01:00 (20th)<\/td>\nCrudeOIL \u2013 US Baker Hughes Oil Rig Count<\/td>\n869<\/td>\n–<\/td>\n–<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

DOLLAR_INDX, H4: <\/strong>Dollar index was traded higher following prior breakout above the previous resistance level 95.50. MACD which illustrate bullish bias suggest the dollar to extend its gains towards the resistance level 95.80.<\/p>\n

 <\/p>\n

Resistance level: 95.80, 96.00<\/p>\n

Support level: 95.50, 95.20<\/p>\n

 <\/p>\n

\"\"<\/p>\n

GBPUSD, H4: <\/strong>GBPUSD was traded lower while currently testing near the support level 1.3030. MACD which display bearish signal suggest the pair to extend its losses after a breakout below the support level.<\/p>\n

 <\/p>\n

Resistance level: 1.3085, 1.3165<\/p>\n

Support level: 1.3030, 1.2955<\/p>\n

 <\/p>\n

\"\"<\/p>\n

EURUSD, H4: <\/strong>EURUSD was traded lower while currently testing the support level 1.1460. MACD which display diminishing bearish momentum suggest the pair to rebound from the support level towards the resistance level 1.1495.<\/p>\n

 <\/p>\n

Resistance level: 1.1495, 1.1540<\/p>\n

Support level: 1.1460, 1.1420<\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDJPY, H4: <\/strong>USDJPY was traded higher while currently testing near the resistance level 112.50. MACD which display starting bullish momentum suggest the pair to extend its gains after a breakout above the resistance level.<\/p>\n

 <\/p>\n

Resistance level: 112.50, 112.85<\/p>\n

Support level: 111.90, 111.40<\/p>\n

 <\/p>\n

\"\"<\/p>\n

AUDUSD, H4: <\/strong>AUDUSD was traded higher following prior breakout above the previous resistance level 0.7105. MACD which display diminishing bearish momentum suggest the pair to extend its gains towards the resistance level 0.7145.<\/p>\n

 <\/p>\n

Resistance level: 0.7145, 0.7175<\/p>\n

Support level: 0.7105, 0.7080<\/p>\n

 <\/p>\n

\"\"<\/p>\n

NZDUSD, H4: <\/strong>NZDUSD was traded higher following prior rebound from the support level 0.6530. MACD which display starting bullish momentum suggest the pair to extend its gains after a breakout above the resistance level 0.6575.<\/p>\n

 <\/p>\n

Resistance level: 0.6575, 0.6635<\/p>\n

Support level: 0.6530, 0.6495<\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDCAD, H4: <\/strong>USDCAD was traded lower following prior retracement from the resistance level 1.3065. MACD which display diminishing bullish momentum suggest the pair to extend its retracement towards the support level 1.3000.<\/p>\n

 <\/p>\n

Resistance level: 1.3065, 1.3130<\/p>\n

Support level: 1.3000, 1.2960<\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDCHF, H4: <\/strong>USDCHF was traded higher following prior breakout above the previous resistance level 0.9955. MACD which illustrate persistent bullish momentum suggest the pair to extend its gains towards the resistance level 1.0000.<\/p>\n

 <\/p>\n

Resistance level: 1.0000, 1.0055<\/p>\n

Support level: 0.9955, 0.9920<\/p>\n

 <\/p>\n

\"\"<\/p>\n

CrudeOIL, H4: <\/strong>Crude oil price was traded higher following prior rebound from the support level 68.70. MACD which display starting bullish momentum suggest the commodity to extend its rebound towards the resistance level 70.25.<\/p>\n

 <\/p>\n

Resistance level: 69.40, 70.25<\/p>\n

Support level: 68.70, 67.90<\/p>\n

 <\/p>\n

\"\"<\/p>\n

GOLD_, H4: <\/strong>Gold price remain traded in a sideway channel after rebounding from the support level 1225.05. Due to lack of signal from the MACD, a breakout outside the sideway channel is required to obtain further confirmation before entering the market.<\/p>\n

 <\/p>\n

Resistance level: 1230.20, 1236.50<\/p>\n

Support level: 1225.05, 1217.80<\/p>\n","protected":false},"excerpt":{"rendered":"

19 October 2018\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Afternoon Session Analysis   Dollar remained flat amid slow Friday trading. Dollar index was traded flat prior to European trading session amid slow market on Friday as investors are waiting for any news that would provide sentiment towards the dollar. Dollar recently surged 0.33% to 94.70, a new high since 9th October […]<\/p>\n","protected":false},"author":20,"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\/35621"}],"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\/20"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/comments?post=35621"}],"version-history":[{"count":0,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/35621\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/media?parent=35621"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/categories?post=35621"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/tags?post=35621"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}