{"id":54963,"date":"2019-04-19T06:15:34","date_gmt":"2019-04-19T06:15:34","guid":{"rendered":"http:\/\/www.gcmasia.co\/analysis\/en\/?p=54963"},"modified":"2019-04-19T06:15:34","modified_gmt":"2019-04-19T06:15:34","slug":"190419-afternoon-session-analysis","status":"publish","type":"post","link":"https:\/\/www.gcmasia.co\/analysis\/en\/information\/day\/190419-afternoon-session-analysis\/","title":{"rendered":"190419 Afternoon Session Analysis"},"content":{"rendered":"

19 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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Quiet market due to Good Friday.<\/strong><\/span><\/p>\n

Japanese yen received some bidding during Asian trading session while majority of the markets in the world remained closed in conjunction with Good Friday holiday. As of writing, pair of USD\/JPY slipped 0.03% to 111.93 during Asian session. The safe-haven currency received some bullish support after Japan\u2019s Statistic Bureau reported that its National Core Consumer Price Index rose by 0.8%, slightly higher than forecasted reading of 0.7%. A higher than expected inflation data had shed some negative sentiment upon Japan after its central bank postulate that they are less likely to achieve their 2% inflation target for next two years. Nonetheless, liquidity in the financial market for today is expected to remain thin due to Good Friday holiday. Otherwise, pair of EUR\/USD extended its overnight losses by 0.02% to 1.1235. Euro remained traded in a bearish fashion following downbeat economic data from the region which spark higher concern over possible recession ahead for the EU economic bloc.<\/p>\n

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* Dollar index, crude oil and gold will be closed for trading in conjunction with Good Friday holiday.<\/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
Time<\/strong><\/td>\nMarket & Data<\/strong><\/td>\nPrevious<\/strong><\/td>\nForecast<\/strong><\/td>\nActual<\/strong><\/td>\n<\/tr>\n
20:30<\/td>\nUSD \u2013 Building Permits<\/td>\n1.291M<\/td>\n1.300M<\/td>\n–<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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

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GBPUSD, H4: <\/strong>GBPUSD was traded higher following prior rebound from the lower level. MACD which illustrate diminishing bearish momentum suggest the pair to be extend its gains toward the resistance level at 1.3005.<\/p>\n

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Resistance level: 1.3005, 1.3030<\/p>\n

Support level: 1.2970, 1.2925<\/p>\n

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EURUSD, H4:<\/strong> EURUSD was traded higher following prior rebound from the lower level. MACD which illustrate diminishing bearish momentum suggest the pair to extend its rebound toward the resistance level at 1.1255.<\/p>\n

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

Support level: 1.1215, 1.1180<\/p>\n

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USDJPY, H4: <\/strong>USDJPY was traded lower following prior retracement from the resistance level at 112.00. 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 0.7145. MACD which display diminishing bearish momentum suggest the pair to extend its gains after successfully breakout above the resistance level at 0.7145.<\/p>\n

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

Support level: 0.7125, 0.7090<\/p>\n

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NZDUSD, H4: <\/strong>NZDUSD was traded higher following prior rebound from the support level at 0.6675.\u00a0 MACD which illustrate diminishing bearish momentum suggest the pair to extend its rebound toward the resistance level at 0.6705.<\/p>\n

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Resistance level: 0.6705, 0.6740<\/p>\n

Support level: 0.6675, 0.6630<\/p>\n

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USDCAD, H4: <\/strong>USDCAD was traded lower following prior retracement from the resistance level at 1.3390. MACD which illustrate diminishing bullish momentum suggest the pair to extend its losses toward the support level at 1.3345.<\/p>\n

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Resistance level: 1.3390, 1.3440<\/p>\n

Support level: 1.3345, 1.3290<\/p>\n

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USDCHF, H4: <\/strong>USDCHF was traded lower following prior retracement from resistance level at 1.0160. MACD which display diminishing bullish momentum suggest the pair to extend its retracement toward the support level at 1.0120.<\/p>\n

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Resistance level: 1.0160, 1.0185<\/p>\n

Support level: 1.0120, 1.0090<\/p>\n","protected":false},"excerpt":{"rendered":"

19 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     Quiet market due to Good Friday. Japanese yen received some bidding during Asian trading session while majority of the markets in the world remained closed in conjunction with Good Friday holiday. As of writing, pair of USD\/JPY slipped 0.03% to 111.93 during Asian session. The safe-haven currency […]<\/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\/54963"}],"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=54963"}],"version-history":[{"count":0,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/54963\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/media?parent=54963"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/categories?post=54963"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/tags?post=54963"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}