{"id":42095,"date":"2018-12-26T07:37:25","date_gmt":"2018-12-26T07:37:25","guid":{"rendered":"http:\/\/www.gcmasia.co\/analysis\/en\/?p=42095"},"modified":"2018-12-26T07:37:25","modified_gmt":"2018-12-26T07:37:25","slug":"261218-afternoon-session-analysis","status":"publish","type":"post","link":"https:\/\/www.gcmasia.co\/analysis\/en\/information\/day\/261218-afternoon-session-analysis\/","title":{"rendered":"261218 Afternoon Session Analysis"},"content":{"rendered":"

26 December 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

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Dollar flat amid holiday seasons.<\/strong><\/p>\n

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Dollar index remained flat at 96.00 against a basket of six major currency pairs during early European trading session due to slow market movements during Christmas and New Year holiday. Current economy outlook for US remains bearish as US stock markets continues to tumble while investors safe-keep their investments in safe-haven Yen and gold market. In fear of global economy slowdown and political turmoil arising from US, investors refrained from entering the dollar market while waiting for possible change in sentiment such as easing of trade war. Besides that, market participants will also keep their focus on the impact that may occur when US Democrats Party replace the Republican Party place for US House of Representatives. In other news, pair of GBP\/USD was up by 0.22% to 1.2705 while investors currently wait for possible updates on Brexit news which was left on pause. UK Prime Minister Theresa May was able to buy herself some time to renegotiate Brexit deals with the EU while the Parliament vote on her Brexit deal was delayed to 14th<\/sup> of January next year. However, odds of May getting the vote and retaining her position as PM are very low as even her Conservative Party are mostly going against her although she managed to pass the \u2018no-confidence\u2019 vote earlier this month.<\/p>\n

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In the commodities market, crude oil price remains unchanged at $42.75 after hitting 18-months low. Sentiment for the oil market remains cloudy as crude oil bulls hope for a rally for oil prices when OPEC production cut takes into effect next month. On the other hand, gold price further its gains by 0.12% to $1273.55 per troy ounce amid global market uncertainties.<\/p>\n

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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

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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

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Today\u2019s Highlight Economic Data<\/u><\/p>\n

N\/A<\/p>\n

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

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

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DOLLAR_INDX, H4: <\/strong>Dollar index was traded lower while currently testing the support level 96.00. MACD which illustrate bearish momentum suggest dollar to extend its losses after a breakout below the support level.<\/p>\n

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Resistance level: 96.30, 96.55<\/p>\n

Support level: 96.00, 95.75<\/p>\n

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GBPUSD, H4: <\/strong>GBPUSD was traded higher while currently testing the resistance level 1.2700. MACD which illustrate bullish momentum suggest the pair to extend its gains after successfully closing its candle above the resistance level.<\/p>\n

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Resistance level: 1.2700, 1.2740<\/p>\n

Support level: 1.2660, 1.2610<\/p>\n

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EURUSD, H1: <\/strong>EURUSD was traded lower while currently testing near the support level 1.1400. MACD which display starting bearish momentum suggest the pair to extend its losses after a breakout below the support level.<\/p>\n

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Resistance level: 1.1435, 1.1470<\/p>\n

Support level: 1.1400, 1.1365<\/p>\n

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USDJPY, H4: <\/strong>USDJPY was traded higher following prior rebound from the support level 110.15. MACD which illustrate diminishing bearish momentum suggest the pair to extend its rebound towards the resistance level 110.65.<\/p>\n

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Resistance level: 110.65, 111.00<\/p>\n

Support level: 110.15, 109.80<\/p>\n

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\"\"<\/p>\n

AUDUSD, H1: <\/strong>AUDUSD was traded higher following prior rebound from the support level 0.7035. MACD which illustrate bullish momentum suggest the pair to extend its rebound towards the resistance level 0.7070.<\/p>\n

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Resistance level: 0.7070, 0.7100<\/p>\n

Support level: 0.7035, 0.7000<\/p>\n

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\"\"<\/p>\n

NZDUSD, H4: <\/strong>NZDUSD was traded higher while currently testing near the resistance level 0.6730. MACD which illustrate bullish momentum suggest the pair to extend its gains after successfully closing its candle above the resistance level.<\/p>\n

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Resistance level: 0.6730, 0.6760<\/p>\n

Support level: 0.6700, 0.6660<\/p>\n

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USDCAD, H4:<\/strong> USDCAD was traded higher while currently testing near the resistance level 1.3625. MACD which illustrate starting bearish signal and the formation of death cross suggest the pair to undergo technical correction and retrace the resistance level.<\/p>\n

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Resistance level: 1.3625, 1.3670<\/p>\n

Support level: 1.3580, 1.3540<\/p>\n

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\"\"<\/p>\n

USDCHF, H1: <\/strong>USDCHF was traded higher following prior rebound from the support level 0.9860. MACD which display bullish momentum and the formation of golden cross suggest the pair to extend its rebound towards the resistance level 0.9900.<\/p>\n

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Resistance level: 0.9900, 0.9940<\/p>\n

Support level: 0.9860, 0.9830<\/p>\n

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CrudeOIL, H1: <\/strong>Crude oil price was traded lower while currently testing near the support level 42.50. MACD which illustrate diminishing bearish momentum suggest the commodity to undergo short-term technical correction and rebound from the support level.<\/p>\n

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Resistance level: 43.75, 45.50<\/p>\n

Support level: 42.25, 40.00<\/p>\n

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GOLD_, H1: <\/strong>Gold price was traded higher while currently testing near the resistance level 1274.00. MACD which display diminishing bullish momentum suggest the commodity to undergo short-term technical correction and retrace from the resistance level.<\/p>\n

 <\/p>\n

Resistance level: 1274.00, 1280.00<\/p>\n

Support level: 1267.00, 1262.90<\/p>\n

\u00a0<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

26 December 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 flat amid holiday seasons.   Dollar index remained flat at 96.00 against a basket of six major currency pairs during early European trading session due to slow market movements during Christmas and New Year holiday. Current economy outlook for US remains bearish as US stock markets continues […]<\/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\/42095"}],"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=42095"}],"version-history":[{"count":0,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/42095\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/media?parent=42095"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/categories?post=42095"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/tags?post=42095"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}