{"id":38854,"date":"2018-11-21T07:01:26","date_gmt":"2018-11-21T07:01:26","guid":{"rendered":"http:\/\/www.gcmasia.co\/analysis\/en\/?p=38854"},"modified":"2018-11-21T07:01:26","modified_gmt":"2018-11-21T07:01:26","slug":"211118-afternoon-session-analysis","status":"publish","type":"post","link":"https:\/\/www.gcmasia.co\/analysis\/en\/information\/day\/211118-afternoon-session-analysis\/","title":{"rendered":"211118 Afternoon Session Analysis"},"content":{"rendered":"

21 November 2018\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

Dollar firmed amid investor await for further sentiment.<\/strong><\/span><\/p>\n

Greenback traded firm against its six major peer currencies after hitting one week high amid sentiment souring and global equities rout forced risk averse traders transfer their capital from stock market to liquid dollar. Recently, Dollar index had been received a lot of pressure due to dovish comments by Federal Reserve where they might slow down the pace of monetary policy tightening. Anyhow, Investors are currently keeping their eyes on the coming announcement of US major October data which included Core Durable Goods Order and Existing Home Sales. A higher than economist forecast of reading will be favorable toward the US Dollar. As of writing, Dollar dipped 0.05% to 96.60. On the other hand, pair of EUR\/USD notched up 0.07% to 1.1375 despite EU decided to take steps to discipline Italy. According to Reuters, European Commission will publish its opinions on the drafts of all the countries that sharing Euro today while the commission will therefore also publish a report that Italy is in breach of the EU law. In the EU law, a country public debt cannot be higher than 60 percent of GDP, otherwise it has to be falling towards 60 percent at a satisfactory pace.<\/p>\n

In the commodities market, crude oil notched up 1.43% to $54.10 per barrel amid unexpected decline in U.S. commercial crude inventories and increase in Indian crude imports record. Next, gold notched down 0.04% to $1221.00 a troy ounce amid Dollar\u2019s recovery.<\/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

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

Today\u2019s Highlight Economic Data<\/u><\/p>\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
21:30<\/td>\nUSD \u2013 Core Durable Goods Order (MoM) (Oct)<\/td>\n0.1%<\/td>\n0.4%<\/td>\n–<\/td>\n<\/tr>\n
23:00<\/td>\nUSD \u2013 Existing Home Sales (Oct)<\/td>\n5.15M<\/td>\n5.20M<\/td>\n–<\/td>\n<\/tr>\n
23:30<\/td>\nCrude Oil \u2013 Crude Oil Inventories<\/td>\n10.270M<\/td>\n2.941M<\/td>\n–<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

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

\"\"<\/p>\n

DOLLAR_INDX, H1: <\/strong>Dollar index was traded lower following prior retracement from the resistance level at 96.70. MACD which illustrate diminishing bullish momentum suggest the index to be traded lower toward its support level at 96.25.<\/p>\n

Resistance level: 96.70, 97.00<\/p>\n

Support level: 96.25, 95.95<\/p>\n

 <\/p>\n

\"\"<\/p>\n

GBPUSD, H4: <\/strong>GBPUSD was traded lower following retracement from the resistance level at 1.2870. MACD which illustrate diminished bullish momentum and the starting formation of death cross suggest the pair to extend its losses towards the support level 1.2765.<\/p>\n

Resistance level: 1.2870, 1.2915<\/p>\n

Support level: 1.2765, 1.2690<\/p>\n

 <\/p>\n

\"\"<\/p>\n

EURUSD, H4: <\/strong>EURUSD was traded higher following prior rebound from the support level at 1.1365. However, MACD which display bearish momentum and formation of death cross suggest the pair to be traded lower in short term towards the support level at 1.1365.<\/p>\n

Resistance level: 1.1415, 1.1455<\/p>\n

Support level: 1.1365, 1.1310<\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDJPY, H1: <\/strong>USDJPY was traded lower following prior retracement from the upper channel line at 112.90. MACD which illustrate diminishing bullish momentum suggest the pair to be traded lower toward its support level at 112.65.<\/p>\n

Resistance level: 112.90, 113.25<\/p>\n

Support level: 112.65, 112.30<\/p>\n

 <\/p>\n

\"\"<\/p>\n

AUDUSD, H1: <\/strong>AUDUSD was traded higher following prior rebound from the support level 0.7205. MACD which illustrate bullish momentum and the starting formation of golden cross suggest the pair to extend its rebound towards the resistance level 0.7250.<\/p>\n

 <\/p>\n

Resistance level: 0.7250, 0.7290<\/p>\n

Support level: 0.7205, 0.7175<\/p>\n

 <\/p>\n

\"\"<\/p>\n

NZDUSD, H1: <\/strong>NZDUSD was traded higher following prior rebound from the support level at 0.6785. MACD which illustrate bullish momentum and the formation of golden cross suggest the pair to extend its gain toward the resistance level at 0.6835.<\/p>\n

Resistance level: 0.6835, 0.6880<\/p>\n

Support level: 0.6785, 0.6715<\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDCAD, H1: <\/strong>USDCAD was traded lower following prior retracement from the resistance level at 1.3315. MACD which illustrate bearish momentum and the formation of death cross suggest the pair to extend its losses towards the support level 1.3285.<\/p>\n

Resistance level: 1.3315, 1.3365<\/p>\n

Support level: 1.3285, 1.3255<\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDCHF, H4: <\/strong>USDCHF was traded higher following prior rebound from the support level at 0.9920. MACD which display bearish momentum and the formation of golden cross suggest the pair to extend its gains toward the resistance level at 0.9970.<\/p>\n

Resistance level: 0.9970, 1.0020<\/p>\n

Support level: 0.9920, 0.9865<\/p>\n

 <\/p>\n

\"\"<\/p>\n

CrudeOIL, H1: <\/strong>Crude oil price was traded higher following prior rebound from the support level at 53.20. MACD which illustrate bullish momentum suggest the commodity to extend its gains toward the resistance level at 55.15.<\/p>\n

Resistance level: 55.15, 57.65<\/p>\n

Support level: 53.20, 51.65<\/p>\n

 <\/p>\n

\"\"<\/p>\n

GOLD_, H4: <\/strong>Gold was traded lower following prior retracement from the resistance level at 1224.25. MACD which display hidden negative divergence suggest the commodity to extend its losses toward the support level at 1215.40.<\/p>\n

Resistance level: 1224.25, 1228.45<\/p>\n

Support level: 1215.40, 1209.00<\/p>\n","protected":false},"excerpt":{"rendered":"

21 November 2018\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   Dollar firmed amid investor await for further sentiment. Greenback traded firm against its six major peer currencies after hitting one week high amid sentiment souring and global equities rout forced risk averse traders transfer their capital from stock market to liquid dollar. Recently, Dollar index had been received […]<\/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\/38854"}],"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=38854"}],"version-history":[{"count":0,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/38854\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/media?parent=38854"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/categories?post=38854"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/tags?post=38854"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}