{"id":54039,"date":"2019-04-15T05:22:12","date_gmt":"2019-04-15T05:22:12","guid":{"rendered":"http:\/\/www.gcmasia.co\/analysis\/en\/?p=54039"},"modified":"2019-04-15T05:22:12","modified_gmt":"2019-04-15T05:22:12","slug":"150419-afternoon-session-analysis","status":"publish","type":"post","link":"https:\/\/www.gcmasia.co\/analysis\/en\/information\/day\/150419-afternoon-session-analysis\/","title":{"rendered":"150419 Afternoon Session Analysis"},"content":{"rendered":"

15 April 2019\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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AUD in bid following positive China data.<\/strong><\/span><\/p>\n

Australian dollar received higher demand in the FX market following better-than-expected monetary data from China \u2013 one of Australia\u2019s largest trade partner. As of writing, pair of AUD\/USD rose 0.08%, last seen around 0.7177 during mid-Asian trading session. For the month of March, New Loans rose to 1690 billion Yuan, significantly higher than forecasted reading of 1250 billion Yuan. Similarly, China\u2019s export improved to a reading of 14.2% for the month of March after falling down by 20.8% for the month prior. Both reports show resilient market momentum in terms of China\u2019s economy and expansion while dialing down market fears over a possible slowdown. Due to improvement in risk sentiment, most investors shifted their capital from safe-haven assets to riskier offerings in the market such as New Zealand dollar and Euro. As such, pair of USD\/JPY rose 0.03% to 111.98.<\/p>\n

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In terms of commodities, crude oil price slumped 0.11% to $63.66 per barrel. Oil prices slumped after OPEC and Russia was reported to ditch oil curb deal in order to fight for market share with the United States. If the deal was being abandoned, oil prices may slump sharply to as low as $40 per barrel or even lesser. As such, investors will continue to scrutinize developments in between OPEC and its allies to obtain further market signals. Otherwise, gold price depreciates by 0.20% to $1,286.18 a troy ounce due to higher demand for risky assets in the market.<\/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\n\n\n\n
Time<\/strong><\/td>\nMarket & Data<\/strong><\/td>\nPrevious<\/strong><\/td>\nForecast<\/strong><\/td>\nActual<\/strong><\/td>\n<\/tr>\n
14:30<\/td>\nCHF \u2013 PPI (MoM) (Mar)<\/td>\n0.2%<\/td>\n0.2%<\/td>\n–<\/td>\n<\/tr>\n
20:30<\/td>\nUSD \u2013 NY Empire State Manufacturing Index (Apr)<\/td>\n3.70<\/td>\n8.10<\/td>\n–<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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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 at 96.40. MACD which illustrate bearish momentum and the formation of death cross suggest index to extend its losses after successfully breakout the support level at 96.40.<\/p>\n

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Resistance level: 97.05, 97.60<\/p>\n

Support level: 96.40, 96.15
\n<\/strong><\/p>\n

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GBPUSD, H4: <\/strong>GBPUSD was traded higher while currently testing the resistance level at 1.3100. Due to lack of signal from MACD, a retracement from or breakout above the resistance level is required to attain further confirmation before entering the market.<\/p>\n

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Resistance level: 1.3100, 1.3140<\/p>\n

Support level: 1.3055, 1.3005<\/p>\n

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EURUSD, H4:<\/strong> EURUSD was traded higher following prior breakout above the previous resistance level at 1.1280. MACD which illustrate bullish bias momentum suggest the pair to extend its gains toward the resistance level at 1.1320.<\/p>\n

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Resistance level: 1.1320, 1.1355<\/p>\n

Support level: 1.1280, 1.1255<\/p>\n

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USDJPY, H4: <\/strong>USDJPY was traded lower following prior retracement from the resistance level at 112.05. MACD which display bearish momentum suggest the pair to extend its losses toward the support level at 111.40.<\/p>\n

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Resistance level: 112.00, 112.35<\/p>\n

Support level: 111.40, 110.85<\/p>\n

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AUDUSD, H4: <\/strong>AUDUSD was traded higher while currently testing the resistance level at 0.7175. MACD which display bullish bias momentum suggest the pair to extend its gains after successfully breakout the resistance level at 0.7175.<\/p>\n

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Resistance level: 0.7175, 0.7195<\/p>\n

Support level: 0.7145, 0.7120<\/p>\n

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NZDUSD, H4: <\/strong>NZDUSD was traded higher while currently testing the resistance level near 0.6775. MACD which illustrate bullish momentum suggest the pair to extend its gains after successfully breakout above the resistance level at 0.6775.<\/p>\n

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Resistance level: 0.6775, 0.6820<\/p>\n

Support level: 0.6745, 0.6715<\/p>\n

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USDCAD, H4: <\/strong>USDCAD was traded lower following prior breakout below the previous support level at 1.3345. MACD which illustrate bearish momentum suggest the pair to extend its losses toward the support level at 1.3290.<\/p>\n

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Resistance level: 1.3345, 1.3390<\/p>\n

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

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USDCHF, H4: <\/strong>USDCHF was traded lower while currently testing the upward trend line. MACD which display bearish bias momentum suggest the pair to extend its losses after successfully breakout below the upward trend line.<\/p>\n

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Resistance level: 1.0030, 1.0065<\/p>\n

Support level: 1.0005, 0.9965<\/p>\n

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CrudeOIL, H4: <\/strong>Crude oil price was traded lower while currently testing the support level at 63.45. MACD which display bearish bias momentum suggest the commodity to extend its losses after successfully breakout the support level at 63.45.<\/p>\n

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Resistance level: 64.55, 65.95<\/p>\n

Support level: 63.45, 61.85<\/p>\n

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GOLD_, H4: <\/strong>Gold price was traded lower following prior breakout below the previous support level at 1293.20. However, MACD which illustrate diminishing bearish momentum suggest gold to undergo technical correction in short term toward the resistance level at 1293.20.<\/p>\n

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Resistance level: 1293.20, 1300.25<\/p>\n

Support level: 1285.50, 1277.05<\/p>\n

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

15 April 2019\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     AUD in bid following positive China data. Australian dollar received higher demand in the FX market following better-than-expected monetary data from China \u2013 one of Australia\u2019s largest trade partner. As of writing, pair of AUD\/USD rose 0.08%, last seen around 0.7177 during mid-Asian trading session. For the […]<\/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\/54039"}],"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=54039"}],"version-history":[{"count":0,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/54039\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/media?parent=54039"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/categories?post=54039"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/tags?post=54039"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}