![](\\\"https://images.unsplash.com/photo-1534469589579-86bd01bc003a?ixlib=rb-1.2.1&q=80&fm=jpg&crop=entropy&cs=tinysrgb&w=1080&fit=max&ixid=eyJhcHBfaWQiOjE1NDYwM30\\\")
(Last update 3:51am EST, April 16, 2021)
\\nDow yesterday at a glance – with a daily low of 33,800, Dow Jones closed at 34,036 after starting the day at 33,731 and gaining 305.1 points (0.9%).
\\nDow chart analysis: Dow immediate resistance is around 34,140, nearest support level is at 33,000. In terms of trend indicators, we can see that the MACD line is above the MACD signal line significantly, meaning the medium-term trend might turn negative. The CCI indicator is above 100. When the CCI (Commodity Channel Index) is at this level, it means the price is above the average price as measured by the indicator, indicating a possible start of a new uptrend. Momentum evaluation shows The Relative Strength Index indicates the Dow is in overbought condition. Asset volatility analysis shows that the upper Bollinger band is at 34,259, This is a slight indication of a slowdown.
\\nOverall, the technical analysis suggests Dow is neutral for the immediate future, with no clear-cut direction.
\\nThe Dow started 2021 by gaining 10.17%.
\\n\\n
\\n\\n\\n\\n\",\"\\nAmazon just unveiled its new wireless earbuds that are smaller, cheaper and have better noise cancellation. @robotodd has the details: https://t.co/KwkwDirDGd
\\n— CNBC (@CNBC) April 16, 2021
(Last update 3:51am EST, April 16, 2021)
\\nS&P yesterday at a glance – with a daily low of 4,139.76, S&P 500 closed at 4,170.42 after starting the day at 4,124.66 and gaining 45.76 points (1.11%).
\\nVisual analysis of the S&P's price graph shows S&P immediate resistance is around 4,182.69, nearest support level is at 3,768.47. In terms of trend indicators, we can see that the MACD line is above the MACD signal line significantly, meaning the medium-term trend might turn negative. The CCI indicator is above 100. When the CCI (Commodity Channel Index) is at this level, it means the price is above the average price as measured by the indicator, indicating a possible start of a new uptrend. Momentum evaluation shows The Relative Strength Index indicates S&P is in overbought condition. Asset volatility analysis shows that the upper Bollinger band is at 4,220.58, This is a slight indication of a slowdown.
\\nOverall, the technical analysis suggests the S&P 500 is neutral for the immediate future, with no clear-cut direction.
\\nThe S&P 500 started 2021 by gaining 10.05%.
\\n\\n
\\n\\n\\n\\n\",\"\\nAmazon just unveiled its new wireless earbuds that are smaller, cheaper and have better noise cancellation. @robotodd has the details: https://t.co/KwkwDirDGd
\\n— CNBC (@CNBC) April 16, 2021
(Last update 3:51am EST, April 16, 2021)
\\nApple yesterday at a glance – after starting yesterday at $132.03 Apple went up to $135 only to drop back to the half way point range, closing at $134.5. Trading volume was 89.35 million, below the daily average of 90.56 million.
\\nApple's graph levels to watch: Apple's immediate resistance is around $135.12, nearest support level is at $116.36. In terms of trend indicators, we can see that the MACD line is above the MACD signal line significantly, meaning the medium-term trend might turn negative. The CCI indicator is above 100. When the CCI (Commodity Channel Index) is at this level, it means the price is above the average price as measured by the indicator, indicating a possible start of a new uptrend. Momentum evaluation shows The Relative Strength Index indicates Apple is in overbought condition. Asset volatility analysis shows that a slight indication of a slowdown comes from looking at the Bollinger bands: the upper band is at $137.5 – a high enough level to usually suggest Apple is trading above its value.
\\nOverall, technical indicators suggest Apple has no obvious direction for the immediate future.
\\nWith a market cap of $2.26 trillion, The sleek phone manufacturer started in 2021 by gaining 1.37%. So far this year it is under-performing the Nasdaq by 6.93%.
\\n\\n
\\n\\n\\n\\n\",\"\\nAmazon just unveiled its new wireless earbuds that are smaller, cheaper and have better noise cancellation. @robotodd has the details: https://t.co/KwkwDirDGd
\\n— CNBC (@CNBC) April 16, 2021
(Last update 3:51am EST, April 16, 2021)
\\nFacebook yesterday at a glance – after it started the day at $302.82 Facebook went up to $310.14 only to drop back, yet still traded positively overall and closed at $307.82. Trading volume was 14.56 million, below the daily average of 18.69 million.
\\nAn analysis of the Facebook chart suggests Facebook is eyeing resistance at $313.09 and is now only $5.27 away, whilst this indicates a slow down or reverse of direction around $313.09, crossing it might suggest a prolonged positive move. In terms of trend indicators, we can see that at $307.11, Facebook made an initial breakout above the 10 day Simple Moving Average, an indication of a positive trend.
\\nOverall, technical indicators suggest Facebook has no obvious direction for the immediate future.
\\nWith a market cap of $874.60 billion, The social media company started in 2021 by gaining 11.45%. So far this year it is outperforming the Nasdaq by 3.15%.
\\n\\n
\\n\\n\\n\\n\",\"\\nAmazon just unveiled its new wireless earbuds that are smaller, cheaper and have better noise cancellation. @robotodd has the details: https://t.co/KwkwDirDGd
\\n— CNBC (@CNBC) April 16, 2021
(Last update 3:51am EST, April 16, 2021)
\\nAmazon yesterday at a glance – Jeff Bezos’s company went up to $3,379 and gained $46 compared to the $3,333 start of the day (1.38%). Trading volume was 3.23 million, above the daily average of 3.18 million.
\\nAmazon's graph levels to watch: Amazon immediate resistance is around $3,400, nearest support level is at $2,952. In terms of trend indicators, we can see that although up today, it's worth noting that earlier Amazon dropped below the 5 day Simple Moving Average as it was trading at $3,356.78, usually an indication that a negative trend is ahead. Momentum evaluation shows The Relative Strength Index indicates Amazon is in overbought condition, Keep an eye out for a slowdown of gains.
\\nOverall, technical indicators suggest Amazon has no obvious direction for the immediate future.
\\nWith a market cap of $1.70 trillion, Jeff Bezos’s company started in 2021 by gaining 3.67%. So far this year it is under-performing the Nasdaq by 4.63%.
\\n\\n
\\n\\n\\n\\n\",\"\\nAmazon just unveiled its new wireless earbuds that are smaller, cheaper and have better noise cancellation. @robotodd has the details: https://t.co/KwkwDirDGd
\\n— CNBC (@CNBC) April 16, 2021
(Last update 2:11am EST, April 16, 2021)
\\nMicrosoft yesterday at a glance – the software giant went up to $259.5 and gained $3.91 compared to the $255.59 start of the day (1.53%). Trading volume was 25.63 million, around the average daily.
\\nAn analysis of Microsoft chart suggests Microsoft immediate resistance is around $260.37, nearest support level is at $236.94. In terms of trend indicators, we can see that the MACD line is above the MACD signal line significantly, meaning the medium-term trend might turn negative. Asset volatility analysis shows that the upper Bollinger band is at $263.85, This is a slight indication of a slowdown. On the other hand, note that the Relative Strength Index indicates Microsoft is in strong overbought condition.
\\nOverall, looking at the technical analysis landscape, it seems a reverse of course in the short term might be next for Microsoft.
\\nwith a market cap of $1.96 trillion, The iconic OS developer started in 2021 by gaining 14.51%. So far this year it is outperforming the Nasdaq by 6.21%.
\\n\\n
\\n\\n\\n\\n\",\"\\nAn Australian judge has found that Google broke the law by misleading users about personal location data collected through Android mobile devices. https://t.co/TW05KwBBa0
\\n— The Associated Press (@AP) April 16, 2021
(Last update 2:11am EST, April 16, 2021)
\\nGoogle yesterday at a glance – the leading search engine company gained 1.85% and stayed at $2,296.66 levels. Trading volume was 1.16 million, below the daily average of 1.38 million.
\\nThe Chart pattern study shows Google's immediate resistance is around $2,313.5, nearest support level is at $2,108.54. Momentum evaluation shows The Relative Strength Index indicates Google is in overbought condition. Asset volatility analysis shows that the upper Bollinger band is at $2,336.23, This is a slight indication of a slowdown.
\\nOverall, technical indicators suggest Google has no obvious direction for the immediate future.
\\nWith a market cap of $1.54 trillion, The leading search engine company started 2021 by gaining 24.16%. So far this year it is outperforming the Nasdaq by 15.86%.
\\n\\n
\\n\\n\\n\\n\",\"\\nAn Australian judge has found that Google broke the law by misleading users about personal location data collected through Android mobile devices. https://t.co/TW05KwBBa0
\\n— The Associated Press (@AP) April 16, 2021
(Last update 2:11am EST, April 16, 2021)
\\nTesla yesterday at a glance – light green, mostly flat: Tesla ranged between $743.68 and $721.31 and is closed at $738.85. Trading volume was 27.53 million, below the daily average of 32.72 million.
\\nThe Chart visual study suggests Tesla's immediate resistance is around $747.92, nearest support level is at $563. In terms of trend indicators, we can see that although up today, it's worth noting that earlier Tesla dropped below the 3 day Simple Moving Average as it was trading at $732.18, usually an indication that a negative trend is ahead. Asset volatility analysis shows that a slight indication of a slowdown comes from looking at the Bollinger bands: the upper band is at $767.72 – a high enough level to usually suggest Tesla is trading above its value.
\\nOverall, looking at the technical analysis landscape, it seems Tesla is likely to reverse course and start pointing down in the short term.
\\nWith a market cap of $709.19 billion, The trendy electric car company started in 2021 by gaining 4.53%. So far this year it is under-performing the Nasdaq by 3.77%.
\\n\\n
\\n\\n\\n\\n\",\"\\nAn Australian judge has found that Google broke the law by misleading users about personal location data collected through Android mobile devices. https://t.co/TW05KwBBa0
\\n— The Associated Press (@AP) April 16, 2021
(Last update 2:12am EST, April 16, 2021)
\\nZoom yesterday at a glance – the video communications platform provider went up to $332.38 and gained $3.18 compared to the $329.2 start of the day (0.97%). Trading volume was 3.36 million, around the average daily.
\\nAn analysis of the Zoom chart suggests Zoom is eyeing resistance at $355.17 and is now only $22.79 away, whilst this indicates a slow down or reverse of direction around $355.17, crossing it might suggest a prolonged positive move. In terms of trend indicators, we can see that although up today, it's worth noting that earlier Zoom dropped below the 5 day Simple Moving Average as it was trading at $329.48, usually an indication that a negative trend is ahead. Asset volatility analysis shows that the upper Bollinger band is at $340.43, This is a slight indication of a slowdown.
\\nOverall, looking at the technical analysis landscape, it seems Zoom is likely to reverse course and start pointing down in the short term.
\\nWith a market cap of $97.62 billion, The video communications platform provider started in 2021 by losing 1.5%. So far this year it is under-performing the Nasdaq by 9.8%.
\\n\\n
\\n\\n\\n\\n\",\"\\nAn Australian judge has found that Google broke the law by misleading users about personal location data collected through Android mobile devices. https://t.co/TW05KwBBa0
\\n— The Associated Press (@AP) April 16, 2021
(Last update 2:12am EST, April 16, 2021)
\\nNetflix yesterday at a glance – starting at $544.17 the streaming company rallied 1.7% and maintained at the $549.22 level. Trading volume was 3.14 million, below the daily average of 3.25 million.
\\nVisual analysis of the Netflix's price graph shows Netflix's immediate resistance is around $554.21, nearest support level is at $535.09. In terms of trend indicators, we can see that at $551.28, Netflix made an initial breakout above the 5 day Simple Moving Average, an indication of a positive trend. Asset volatility analysis shows that the upper Bollinger band is at $559.29, This is a slight indication of a slowdown.
\\nOverall, the technical analysis suggests Netflix is neutral for the immediate future, with no clear-cut direction.
\\nWith a market cap of $243.25 billion, The streaming company started in 2021 by gaining 1.57%. So far this year it is under-performing the Nasdaq by 6.73%.
\\n\\n
\\n\\n\\n\\n\",\"\\nAn Australian judge has found that Google broke the law by misleading users about personal location data collected through Android mobile devices. https://t.co/TW05KwBBa0
\\n— The Associated Press (@AP) April 16, 2021
(Last update 5:31pm EST, April 15, 2021)
\\nWalmart today at a glance – after starting the session at $139.32 Walmart spiked to $140.47, dropped back to starting point range, and rallied again to $140.16. Trading volume was 7.05 million, below the daily average of 7.98 million.
\\nWalmart chart analysis: Walmart immediate resistance is around $141.15, nearest support level is at $127.53. In terms of trend indicators, we can see that although up today, it's worth noting that earlier Walmart dropped below the 5 day Simple Moving Average as it was trading at $139.6, usually an indication that a negative trend is ahead. Asset volatility analysis shows that a slight indication of a slowdown comes from looking at the Bollinger bands: the upper band is at $142.12 – a high enough level to usually suggest Walmart is trading above its value. On the other hand, note that the Relative Strength Index indicates Walmart is in strong overbought condition.
\\nOverall, looking at the technical analysis landscape, it seems a reverse of course in the short term might be next for Walmart.
\\nwith a market cap of $394.84 billion, The warehouse store chain company started in 2021 by losing 3.47%. So far this year it is under-performing the Dow Jones by 12.73%.
\\n\\n
\\n\\n\\n\\n\",\"\\nPfizer says it can deliver 10% more doses in May than previously promised https://t.co/vojnu3B5Iu pic.twitter.com/UQFn2ik6av
\\n— Forbes (@Forbes) April 15, 2021
(Last update 5:31pm EST, April 15, 2021)
\\nAfter opening at $135.6, the consumer goods corporation reached $137.76, breaking a 3 month record. Later, it lost 51 cents and is now trading at $137.24.
\\nThe Chart visual study suggests Procter & Gamble immediate resistance is around $137.73, nearest support level is at $122.15. In terms of trend indicators, we can see that although up today, it's worth noting that earlier Procter & Gamble dropped below the 5 day Simple Moving Average as it was trading at $136.25, usually an indication that a negative trend is ahead. Asset volatility analysis shows that the upper Bollinger band is at $138, This is a slight indication of a slowdown. On the other hand, note that medium-term trend indication has turned positive as the MACD (moving average convergence divergence) index generated a crossover buy signal. This occurs as the MACD line crosses above the MACD signal line.
\\nOverall, looking at the technical analysis landscape, it seems a reverse of course in the short term might be next for Procter & Gamble
\\nwith a market cap of $337.95 billion, The consumer goods company started 2021 by losing 2.61%. So far this year it is under-performing the Dow by 11.87%.
\\n\\n
\\n\\n\\n\\n\",\"\\nPfizer says it can deliver 10% more doses in May than previously promised https://t.co/vojnu3B5Iu pic.twitter.com/UQFn2ik6av
\\n— Forbes (@Forbes) April 15, 2021
(Last update 5:31pm EST, April 15, 2021)
\\nWalt Disney today at a glance – light red but with no clear-cut direction, the entertainment and content production company closed the session at $185.93 after ranging between $188.88 and $185.69. Trading volume was 6.56 million, below the daily average of 7.42 million.
\\nA study of Walt Disney's graph shows key levels to watch: Walt Disney immediate support is around $185.31, resistance level is at $188.03. In terms of trend indicators, we can see that although down today, it's worth noting that at $188.4 Walt Disney did peak above the 21 day Simple Moving Average earlier, usually an indication that a positive move is maybe ahead. Asset volatility analysis shows that a slight indication of recovery comes from looking at the Bollinger bands: the lower band is at $184.3 – a low enough level to usually suggest Walt Disney is trading below its value. Japanese candlesticks formations detected today are the "morning star”, Whenever it appears on top of a bullish overall trend, some traders would consider this an indication of a reversal, of course. In contrast, medium-term trend indication has turned negative as the MACD (moving average convergence divergence) index generated a crossover sell signal. This occurs as the MACD line crosses below the MACD signal line.
\\nOverall, looking at the technical analysis landscape – although indicators are mixed and some are pointing in different directions, it seems Walt Disney might reverse course and start pointing upward in the short term.
\\nWith a market cap of $337.51 billion, The entertainment giant started in 2021 by gaining 3.35%. So far this year it is under-performing the Dow Jones by 5.91%.
\\n\\n
\\n\\n\\n\\n\",\"\\nPfizer says it can deliver 10% more doses in May than previously promised https://t.co/vojnu3B5Iu pic.twitter.com/UQFn2ik6av
\\n— Forbes (@Forbes) April 15, 2021
(Last update 5:31pm EST, April 15, 2021)
\\nCoca-Cola today at a glance – the soft drink company went up to $53.33 and gained 25 cents compared to the $53.08 start of the day (0.47%). Trading volume was 10.14 million, below the daily average of 12.37 million.
\\nThe Chart visual study suggests Coca-Cola could be slowing down soon as it is approaching and is only 51 cents away from resistance at $53.85, of course, crossing it might suggest further gains are ahead. Asset volatility analysis shows that a slight indication of a slowdown comes from looking at the Bollinger bands: the upper band is at $53.57 – a high enough level to usually suggest Coca-Cola is trading above its value. However, the CCI indicator is above 100. When the CCI (Commodity Channel Index) is at this level, it means the price is above the average price as measured by the indicator, indicating a possible start of a new uptrend.
\\nOverall, looking at the technical analysis landscape, it seems a reverse of course in the short term might be next for Coca-Cola
\\nwith a market cap of $229.82 billion, The soft drinks giant started 2021 by losing 3.32%. So far this year it is under-performing the Dow by 12.58%.
\\n\\n
\\n\\n\\n\\n\",\"\\nPfizer says it can deliver 10% more doses in May than previously promised https://t.co/vojnu3B5Iu pic.twitter.com/UQFn2ik6av
\\n— Forbes (@Forbes) April 15, 2021
(Last update 5:31pm EST, April 15, 2021)
\\nAfter opening at $37.17, the pharmaceuticals and biotechnology company reached $37.74, breaking a 3 month record. Later, it lost 14 cents and is now trading at $37.6.
\\nVisual analysis of the Pfizer's price graph shows Pfizer's immediate resistance is around $38, nearest support level is at $36.62. In terms of trend indicators, we can see that the CCI indicator is above 100. When the CCI (Commodity Channel Index) is at this level, it means the price is above the average price as measured by the indicator, indicating a possible start of a new uptrend. Momentum evaluation shows The Relative Strength Index indicates Pfizer is in strong overbought condition. In contrast, the upper Bollinger band is at $37.66, This is a slight indication of a slowdown.
\\nOverall, looking at the technical analysis landscape, it seems Pfizer is likely to continue pointing upward in the short term.
\\nWith a market cap of $209.74 billion, The pharmaceuticals and biotechnology company started in 2021 by gaining 0.97%. So far this year it is under-performing the Dow by 8.29%.
\\n\\n
\\n\\n\\n\\n\",\"\\nPfizer says it can deliver 10% more doses in May than previously promised https://t.co/vojnu3B5Iu pic.twitter.com/UQFn2ik6av
\\n— Forbes (@Forbes) April 15, 2021
(Last update 2:46am EST, April 16, 2021)
\\nMcDonald's yesterday at a glance – after it started the day at $230.31 McDonald's went up to $231.4 only to drop back, yet still traded positively overall and closed at $231.28. Trading volume was 2.06 million, below the daily average of 3.21 million.
\\nThe chart pattern study shows McDonald'ss immediate resistance is around $232.04, nearest support level is at $204.84. In terms of trend indicators, we can see that at $229.7, McDonald's made an initial breakout above the 10 day Simple Moving Average, an indication of a positive trend. Asset volatility analysis shows that a slight indication of a slowdown comes from looking at the Bollinger bands: the upper band is at $234.55 – a high enough level to usually suggest McDonald's is trading above its value.
\\nOverall, technical indicators suggest McDonald's has no obvious direction for the immediate future.
\\nWith a market cap of $171.83 billion, The fast food company started in 2021 by gaining 7.25%. So far this year it is under-performing the Dow Jones by 2.92%.
\\n\\n
\\n\\n\\n\\n\",\"\\nOil climbs to four-week high on strong China data, demand revival https://t.co/zJ1bHBIJTt
\\n— Reuters (@Reuters) April 16, 2021
(Last update 2:46am EST, April 16, 2021)
\\nAfter a mostly steady session, Bitcoin lost $1,452.43, trading at $61,577.
\\nA study of Bitcoin's graph shows key levels to watch: Bitcoin is flirting with the $61,243 immediate support line. In terms of trend indicators, we can see that at $62,000, Bitcoin made an initial breakout below the 5 day Simple Moving Average, an indication of a negative trend. The CCI indicator is above 100. When the CCI (Commodity Channel Index) is at this level, it means the price is above the average price as measured by the indicator, indicating a possible start of a new uptrend.
\\nOverall, the technical analysis suggests Bitcoin is neutral for the immediate future, with no clear-cut direction.
\\nWith a market cap of 1.15 trillion, Bitcoin started in 2021 by gaining 53.85%.
\\n\\n
\\n\\n\\n\\n\",\"\\nOil climbs to four-week high on strong China data, demand revival https://t.co/zJ1bHBIJTt
\\n— Reuters (@Reuters) April 16, 2021
(Last update 2:46am EST, April 16, 2021)
\\nGold weakened earlier in the trading session before moving off the $1,760.3 low and recovering almost back to $1,766.8.
\\nChart visual study suggest Gold might start to recover soon because it is getting closer and is now only $20.6 from the support line at $1,741.4, Obviously, dipping below it could be an indication that further losses are ahead. In terms of trend indicators, we can see that the CCI indicator is above 100. When the CCI (Commodity Channel Index) is at this level, it means the price is above the average price as measured by the indicator, indicating a possible start of a new uptrend. In contrast, the upper Bollinger band at $1,769, indicating a further downward move might be next.
\\nOverall, looking at the technical analysis landscape – although indicators are mixed and some are pointing in different directions, it seems Gold might reverse course and start pointing upward in the short term.
\\nGold started 2021 by losing 7.28%.
\\n\\n
\\n\\n\\n\\n\",\"\\nOil climbs to four-week high on strong China data, demand revival https://t.co/zJ1bHBIJTt
\\n— Reuters (@Reuters) April 16, 2021
(Last update 2:46am EST, April 16, 2021)
\\nLight green, mostly flat: Oil ranges between $63.86 and $63.24 and is now at $63.68.
\\nImportant graph levels to look out for: nearest resistance level is at $67.48. In terms of trend indicators, we can see that the CCI indicator is above 100. When the CCI (Commodity Channel Index) is at this level, it means the price is above the average price as measured by the indicator, indicating a possible start of a new uptrend. Asset volatility analysis shows that a slight indication of a slowdown comes from looking at the Bollinger bands: the upper band is at $63.46 – a high enough level to usually suggest crude oil is trading above its value.
\\nOverall, the technical analysis suggests oil is neutral for the immediate future, with no clear-cut direction.
\\nCrude oil started 2021 by gaining 23.37%.
\\n\\n
\\n\\n\\n\\n\",\"\\nOil climbs to four-week high on strong China data, demand revival https://t.co/zJ1bHBIJTt
\\n— Reuters (@Reuters) April 16, 2021
(Last update 2:46am EST, April 16, 2021)
\\nThe Euro/Dollar recovered back to 1.1965 after dipping down to 1.1951 in a session that started at 1.1966.
\\nThe Chart visual study suggests the Euro/Dollar nearest support level is at 1.1718. Asset volatility analysis shows that the upper Bollinger band is at 1.2018, indicating a downward move might be next.
\\nOverall, looking at the technical analysis landscape, it seems the Euro/Dollar is likely to start pointing downward in the short term.
\\nThe Euro started 2021 by losing 2%.
\\n\\n
\\n\\n\\n\\n\",\"\\nOil climbs to four-week high on strong China data, demand revival https://t.co/zJ1bHBIJTt
\\n— Reuters (@Reuters) April 16, 2021
(Last update 3:11am EST, April 16, 2021)
\\nGBP/USD slid down from 1.3783 to 1.3736, losing 46 pips (0.34%).
\\nThe Chart pattern study shows the Pound/Dollar might start to recover soon because it is getting closer and is now only 46 pips from the support line at 1.3689, Obviously, dipping below it could be an indication that further losses are ahead. Asset volatility analysis shows that a slight indication of recovery comes from looking at the Bollinger bands: the lower band is at 1.3649 – a low enough level to usually suggest the British Pound is trading below its value. In contrast, at 1.3771, The Pound made an initial breakout below the 21 day Simple Moving Average, an indication of a negative trend.
\\nOverall, looking at the technical analysis landscape – although indicators are mixed and some are pointing in different directions, it seems the Pound might reverse course and start pointing upward in the short term.
\\nThe Pound started in 2021 by gaining 0.85%.
\\n\\n
\\n\\n\\n\\n\",\"\\nJapan’s plan to release radioactive water into the Pacific has put Taiwan’s government in a bind https://t.co/nbEzppaFgu
\\n— Bloomberg (@business) April 16, 2021
(Last update 3:11am EST, April 16, 2021)
\\nThe Dollar/Yen price varies between 108.61 and 108.94 and settles at 108.85.
\\nA study of the Yen's graph shows key levels to watch: dollar/yen resistance level is at 110.73. In terms of trend indicators, we can see that the CCI indicator is below -100. When the CCI (Commodity Channel Index) is at this level, it means the price is below the average price as measured by the indicator, indicating a possible start of a new downtrend. Momentum evaluation shows The Relative Strength Index indicates the Yen is in oversold condition, allowing more gains. On the other hand, note that the lower Bollinger band is at 108.46, indicating a positive move might be next.
\\nOverall, looking at all the technical indicators, it seems the dollar/yen might be pointing down in the short term.
\\nThe Dollar/Yen started 2021 by gaining 5.24%.
\\n\\n
\\n\\n\\n\\n\",\"\\nJapan’s plan to release radioactive water into the Pacific has put Taiwan’s government in a bind https://t.co/nbEzppaFgu
\\n— Bloomberg (@business) April 16, 2021
(Last update 3:11am EST, April 16, 2021)
\\nAfter starting the day at 0.9231, Swiss franc dropped 23 pips to 0.92, reaching its lowest point in 6 weeks and a half.
\\nThe Chart visual study suggests Dollar/Swiss immediate support is around 0.9205, resistance level is at 0.9475. In terms of trend indicators, we can see that although down today, it's worth noting that at 0.9228 Swiss franc did peak above the 3 day Simple Moving Average earlier, usually an indication that a positive move is maybe ahead. Asset volatility analysis shows that a slight indication of recovery comes from looking at the Bollinger bands: the lower band is at 0.9117 – a low enough level to usually suggest Dollar/Swiss is trading below its value. In contrast, The Relative Strength Index indicates the Swiss franc is in oversold condition, allowing more gains.
\\nOverall, looking at the technical analysis landscape – although indicators are mixed and some are pointing in different directions, it seems Dollar/Swiss might reverse course and start pointing upward in the short term.
\\nThe Swiss franc started in 2021 by gaining 4.11%.
\\n\\n
\\n\\n\\n\\n\",\"\\nJapan’s plan to release radioactive water into the Pacific has put Taiwan’s government in a bind https://t.co/nbEzppaFgu
\\n— Bloomberg (@business) April 16, 2021
(Last update 3:11am EST, April 16, 2021)
\\nThe Aussie/Dollar weakened earlier in the trading session before moving off the 0.7724 low and recovering almost back to 0.7753.
\\nThe Chart visual study suggests the nearest support level is at 0.7584, while the closest resistance is at 0.7803. In terms of trend indicators, we can see that the CCI indicator is above 100. When the CCI (Commodity Channel Index) is at this level, it means the price is above the average price as measured by the indicator, indicating a possible start of a new uptrend. Momentum evaluation shows the Relative Strength Index indicates the Australian dollar is in overbought condition, Keep an eye out for a slowdown of gains. On the other hand, note that the upper Bollinger band is at 0.7753, indicating a further downward move might be next.
\\nOverall, looking at the technical analysis landscape – although indicators are mixed and some are pointing in different directions, it seems the Australian dollar might reverse course and start pointing upward in the short term.
\\nThe Australian dollar started in 2021 by gaining 0.37%.
\\n\\n
\\n\\n\\n\\n\\n\"],\"title\":\"Financial Markets Review – 16 April 2021 – 04:11:33\",\"date\":\"2021-04-16T08:11:33\"}"; var omg_ads = JSON.parse(decodeHtml(omg_ads_string)); } catch (e) { var omg_ads = JSON.parse(omg_ads_string); }Japan’s plan to release radioactive water into the Pacific has put Taiwan’s government in a bind https://t.co/nbEzppaFgu
\\n— Bloomberg (@business) April 16, 2021
![](\\\"https://images.unsplash.com/photo-1599566530569-68774cad9cfc?ixlib=rb-1.2.1&q=80&fm=jpg&crop=entropy&cs=tinysrgb&w=1080&fit=max&ixid=eyJhcHBfaWQiOjE1NDYwM30\\\")
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