![](\\\"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\\\")
(Last update 10:31am EST, April 29, 2021)
\\nAfter opening at 4,183.18, S&P reached a record high of 4,218.78. Later, it lost 19.1 points and is now trading at 4,199.68.
\\nAs the day gets underway, a chart visual study suggests S&P immediate resistance is around 4,208.58, nearest support level is at 3,974. Momentum evaluation shows the Relative Strength Index shows the S&P 500 has gone up above 70 going into overbought territory. Asset volatility analysis shows that a slight indication of a slowdown comes from looking at the Bollinger bands: the upper band is at 4,233.19 – a high enough level to usually suggest the S&P 500 is trading above its value. In contrast, 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 S&P
\\nThe S&P started 2021 by gaining 10.21%.
\\n\\n
\\n\\n\\n\\n\",\"\\n"Facebook continually looks like a wall garden and they have to be successful with other advertising strategies to be a long-term stock to own," longtime venture capitalist Ann Winblad says.
\\nRead more from Winblad with @CNBCPro here: https://t.co/9Y15bQnn8z pic.twitter.com/nvnW9uCOKl
\\n— CNBC (@CNBC) April 29, 2021
(Last update 10:31am EST, April 29, 2021)
\\nApple is up to $134.25 having started the day at $136.47, overall a 0.5% move or 66 cents today.
\\nYesterday, Apple released its quarterly earnings, beating analysts' estimates. The company reported earnings of 1.4 per share on revenue of $89.58 billion, topping estimates of 0.983 per share on revenue of $76.71 billion. Since the release of its earnings report, Apple lost 0.1%.
\\nIn terms of trend indicators, we can see that even though currently pointing up, the 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. Asset volatility analysis shows that the upper Bollinger band is at $137.84, This is a slight indication of a slowdown.
\\nOverall, looking at the technical analysis landscape, it seems Apple is likely to reverse course and start pointing down in the short term.
\\nWith a market cap of $2.25 trillion, The sleek phone manufacturer started in 2021 by gaining 0.67%. So far this year it is under-performing the Nasdaq by 7.61%.
\\n\\n
\\n\\n\\n\\n\",\"\\n"Facebook continually looks like a wall garden and they have to be successful with other advertising strategies to be a long-term stock to own," longtime venture capitalist Ann Winblad says.
\\nRead more from Winblad with @CNBCPro here: https://t.co/9Y15bQnn8z pic.twitter.com/nvnW9uCOKl
\\n— CNBC (@CNBC) April 29, 2021
(Last update 10:31am EST, April 29, 2021)
\\nFacebook is up to $324.88 having started the day at $330.12, overall a 5.79% move or $17.77 today. Trading volume is at 21.46 million, above the 21 day average of 16.05 million.
\\nYesterday, Facebook released its quarterly earnings, beating analysts' estimates. The company reported earnings of 3.3 per share on revenue of $26.17 billion, topping estimates of 2.33 per share on revenue of $23.63 billion.
\\nIn terms of trend indicators, we can see that medium-term trend indications have 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. 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 Facebook has just crossed the upper Bollinger band at $319.93, indicating further gains might be next.
\\nOverall, looking at the technical analysis landscape, it seems Facebook might continue pointing upwards in the short term.
\\nWith a market cap of $923.05 billion, Mark Zuckerberg's company started in 2021 by gaining 9.9%. So far this year it is outperforming the Nasdaq by 1.62%.
\\n\\n
\\n\\n\\n\\n\",\"\\n"Facebook continually looks like a wall garden and they have to be successful with other advertising strategies to be a long-term stock to own," longtime venture capitalist Ann Winblad says.
\\nRead more from Winblad with @CNBCPro here: https://t.co/9Y15bQnn8z pic.twitter.com/nvnW9uCOKl
\\n— CNBC (@CNBC) April 29, 2021
(Last update 10:31am EST, April 29, 2021)
\\nAmazon is up to $3,477.81 having started the day at $3,505, overall a 0.56% move or $19.31 today.
\\nAmazon is scheduled to announce earnings results today. The consensus Earnings Per Share estimate is 9.49 and the consensus revenue estimate is $104.49 billion.
\\nIn 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 Amazon has just crossed the upper Bollinger band at $3,473.73, indicating further gains might be next. On the other hand, note that the Relative Strength Index shows Amazon has gone up above 70 going into overbought territory.
\\nOverall, looking at the technical analysis landscape, it seems Amazon is likely to continue pointing upward in the short term.
\\nWith a market cap of $1.75 trillion, Jeff Bezos’s company started in 2021 by gaining 4.64%. So far this year it is under-performing the Nasdaq by 3.64%.
\\n\\n
\\n\\n\\n\\n\",\"\\n"Facebook continually looks like a wall garden and they have to be successful with other advertising strategies to be a long-term stock to own," longtime venture capitalist Ann Winblad says.
\\nRead more from Winblad with @CNBCPro here: https://t.co/9Y15bQnn8z pic.twitter.com/nvnW9uCOKl
\\n— CNBC (@CNBC) April 29, 2021
(Last update 8:56am EST, April 29, 2021)
\\nThe software giant closed at $254.56 after making its largest single-day drop ($7.41) since October 2020.
\\nMicrosoft is down despite the fact that on Tuesday the company released its quarterly earnings, beating analysts' estimates. The company reported earnings of 1.95 per share on revenue of $41.71 billion, topping estimates of 1.78 per share on revenue of $41.04 billion.
\\nA study of Microsoft's graph shows key levels to watch: nearest support level is at $230.35. 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. Asset volatility analysis shows that a slight indication of recovery comes from looking at the Bollinger bands: the lower band is at $254.37 – a low enough level to usually suggest Microsoft is trading below its value.
\\nOverall, the technical analysis suggests Microsoft is neutral for the immediate future, with no clear-cut direction.
\\nWith a market cap of $1.92 trillion, The software giant started in 2021 by gaining 15.1%. So far this year it is outperforming the Nasdaq by 6.85%.
\\n\\n
\\n\\n\\n\\n\",\"\\nBinance may have violated securities rules when it issued tokenized shares of Tesla, MicroStrategy and Coinbase, according to Germany’s financial regulator https://t.co/EKhNSriA0n
\\n— Bloomberg (@business) April 29, 2021
(Last update 8:56am EST, April 29, 2021)
\\nAfter opening at $2,307, Google reached a record high of $2,451.66. Later, it lost $71.66 and closed at $2,380.
\\nTuesday, Google released its quarterly earnings, beating analysts' estimates. The company reported earnings of 26.29 per share on revenue of $55.31 billion, topping estimates of 15.71 per share on revenue of $51.36 billion. Since the release of its earnings report, Google gained 2.29%.
\\nGoogle's graph levels to watch: Google immediate resistance is around $2,382.41, nearest support level is at $2,108.54. 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 shows Google has gone up above 70 going into overbought territory. Asset volatility analysis shows that Google has just crossed the upper Bollinger band at $2,365, indicating further gains might be next. Japanese Candlesticks formations detected today are the "bearish engulfing”, when it appears on top of a bullish overall trend, as it is now, some traders would consider this as an indication of a reversal, of course.
\\nOverall, the technical analysis suggests Google is neutral for the immediate future, with no clear-cut direction.
\\nWith a market cap of $1.60 trillion, The search engine giant started in 2021 by gaining 24.07%. So far this year it is outperforming the Nasdaq by 15.82%.
\\n\\n
\\n\\n\\n\\n\",\"\\nBinance may have violated securities rules when it issued tokenized shares of Tesla, MicroStrategy and Coinbase, according to Germany’s financial regulator https://t.co/EKhNSriA0n
\\n— Bloomberg (@business) April 29, 2021
(Last update 8:56am EST, April 29, 2021)
\\nTesla yesterday at a glance – the trendy electric car company slid down from $704.74 to $694.4, taking a $10.34 loss (1.47%). Trading volume was 21.62 million, below the daily average of 32.57 million.
\\nTuesday, Tesla reported mixed earnings results with EPS at 0.93 and revenues at $10.39 billion, compared to a consensus of 0.7428 Earnings Per Share and $10.42 billion revenue. Since the release of its earnings report, Tesla lost 5.93%
\\nImportant graph levels to look out for: nearest support level is at $611.29, followed by $563, resistance levels are at $707.94, and followed by $762.32. In terms of trend indicators, we can see that although down today, it's worth noting that at $701.71 Tesla 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 $688.79 – a low enough level to usually suggest Tesla is trading below its value. In contrast, the CCI indicator is bellow -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.
\\nOverall, looking at the technical analysis landscape – although indicators are mixed and some are pointing in different directions, it seems Tesla might reverse course and start pointing upward in the short term.
\\nWith a market cap of $666.52 billion, The trendy electric car company started in 2021 by losing 1.6%. So far this year it is under-performing the Nasdaq by 9.85%.
\\n\\n
\\n\\n\\n\\n\",\"\\nBinance may have violated securities rules when it issued tokenized shares of Tesla, MicroStrategy and Coinbase, according to Germany’s financial regulator https://t.co/EKhNSriA0n
\\n— Bloomberg (@business) April 29, 2021
(Last update 8:56am EST, April 29, 2021)
\\nZoom yesterday at a glance – the video communications platform provider slid down from $333.49 to $331.25, taking a $2.24 loss (0.67%). Trading volume was 1.44 million, below the daily average of 2.56 million.
\\nThe Chart pattern study shows Zoom might start to recover soon because it is getting closer and is now only $22.86 from the support line at $308.39, Obviously, dipping below it could be an indication that further losses are ahead. In terms of trend indicators, we can see that at $329.55, Zoom made an initial breakout above the 10 day Simple Moving Average, an indication of a positive trend. In contrast, the upper Bollinger band is at $340, indicating a downward move might be next.
\\nOverall, looking at the technical analysis landscape, it seems Zoom might be pointing upward in the short term.
\\nWith a market cap of $97.29 billion, The video communications platform provider started in 2021 by losing 1.15%. So far this year it is under-performing the Nasdaq by 9.4%.
\\n\\n
\\n\\n\\n\\n\",\"\\nBinance may have violated securities rules when it issued tokenized shares of Tesla, MicroStrategy and Coinbase, according to Germany’s financial regulator https://t.co/EKhNSriA0n
\\n— Bloomberg (@business) April 29, 2021
(Last update 8:56am EST, April 29, 2021)
\\nNetflix yesterday at a glance – a mostly flat day so far for the streaming company, ranging between $508.39 and $503.34 and is now at $506.52. Trading volume was 3.19 million, below the daily average of 7.16 million.
\\nNetflix chart analysis: Netflix might start to recover soon because it is getting closer and is now only $13.19 from the support line at $493.33, Obviously, dipping below it could be an indication that further losses are ahead. In terms of trend indicators, we can see that at $507.82, Netflix made an initial breakout above the 5 day Simple Moving Average, an indication of a positive trend. However, the Relative Strength Index indicates Netflix is in oversold condition, allowing more gains.
\\nOverall, looking at the technical analysis landscape, it seems Netflix might be pointing upward in the short term.
\\nWith a market cap of $224.59 billion, The streaming company started 2021 by losing 6.96%. So far this year it is under-performing the Nasdaq by 15.21%.
\\n\\n
\\n\\n\\n\\n\",\"\\nBinance may have violated securities rules when it issued tokenized shares of Tesla, MicroStrategy and Coinbase, according to Germany’s financial regulator https://t.co/EKhNSriA0n
\\n— Bloomberg (@business) April 29, 2021
(Last update 8:11am EST, April 29, 2021)
\\nWalmart yesterday at a glance – the discount department and warehouse store chain slid down from $138.38 to $137.89, taking a 49 cents loss (0.35%). Trading volume was 4.76 million, below the daily average of 6.85 million.
\\nThe Chart visual study suggests the nearest support level is at $134.12, while the closest resistance is at $141.2. 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. Asset volatility analysis shows that a slight indication of recovery comes from looking at the Bollinger bands: the lower band is at $137.18 – a low enough level to usually suggest Walmart is trading below its value.
\\nOverall, technical indicators suggest Walmart has no obvious direction for the immediate future.
\\nWith a market cap of $387.95 billion, The discount department and warehouse stores chain started in 2021 by losing 4.52%. So far this year it is under-performing the Dow by 14%.
\\n\\n
\\n\\n\\n\\n\",\"\\nThe European Union concludes talks with Pfizer and BioNTech to deliver a massive supply of Covid vaccines to the bloc https://t.co/iNTNx0K8Vv
\\n— Bloomberg (@business) April 29, 2021
(Last update 8:11am EST, April 29, 2021)
\\nProcter & Gamble yesterday at a glance – light green, mostly flat: Procter & Gamble ranged between $131.85 and $130.88 and it closed at $131.4. Trading volume was 6.14 million, below the daily average of 8.31 million.
\\nA study of Procter & Gamble's graph shows key levels to watch: nearest resistance level is at $137.75. In terms of trend indicators, we can see that although up today, it's worth noting that earlier Procter & Gamble dropped below the 50 day Simple Moving Average as it was trading at $131.15, usually an indication that a negative trend is ahead. The CCI indicator is bellow -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 Procter & Gamble is in strong oversold condition. However, the lower Bollinger band is at $129.67, indicating further gains might be next.
\\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 $321.70 billion, The consumer goods corporation started 2021 by losing 6.07%. So far this year it is under-performing the Dow Jones by 15.53%.
\\n\\n
\\n\\n\\n\\n\",\"\\nThe European Union concludes talks with Pfizer and BioNTech to deliver a massive supply of Covid vaccines to the bloc https://t.co/iNTNx0K8Vv
\\n— Bloomberg (@business) April 29, 2021
(Last update 8:11am EST, April 29, 2021)
\\nWalt Disney yesterday at a glance – the entertainment and content production company slid down from $184.64 to $183.39, taking a $1.25 loss (0.68%). Trading volume was 5.05 million, below the daily average of 7.26 million.
\\nThe Chart visual study suggests Walt Disney's immediate support is around $183.21, resistance level is at $201.91. In terms of trend indicators, we can see that although down today, it's worth noting that at $183.56 Walt Disney did peak above the 5 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 $181 – a low enough level to usually suggest Walt Disney is trading below its value.
\\nOverall, looking at the technical analysis landscape, it seems Walt Disney might start pointing upward in the short term.
\\nWith a market cap of $332.90 billion, The entertainment and content production company started in 2021 by gaining 1.87%. So far this year it is under-performing the Dow Jones by 7.59%.
\\n\\n
\\n\\n\\n\\n\",\"\\nThe European Union concludes talks with Pfizer and BioNTech to deliver a massive supply of Covid vaccines to the bloc https://t.co/iNTNx0K8Vv
\\n— Bloomberg (@business) April 29, 2021
(Last update 8:11am EST, April 29, 2021)
\\nCoca-Cola yesterday at a glance – a mostly flat day for Coca-Cola as it ranged between $54.05 and $53.44 and closed at $53.59. Trading volume was 10.70 million, below the daily average of 12.46 million.
\\nThe Chart pattern study shows Coca-Cola's nearest support level is at $52.51. In terms of trend indicators, we can see that at $53.49, Coca-Cola made an initial breakout below the 21 day Simple Moving Average, an indication of a negative trend. 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. On the other hand, note that the lower Bollinger band is at $52.92, indicating a positive move might be next.
\\nOverall, looking at all the technical indicators, it seems Coca-Cola might be pointing down in the short term.
\\nWith a market cap of $231.03 billion, The soft drinks giant started 2021 by losing 2.33%. So far this year it is under-performing the Dow by 11.79%.
\\n\\n
\\n\\n\\n\\n\",\"\\nThe European Union concludes talks with Pfizer and BioNTech to deliver a massive supply of Covid vaccines to the bloc https://t.co/iNTNx0K8Vv
\\n— Bloomberg (@business) April 29, 2021
(Last update 8:12am EST, April 29, 2021)
\\nPfizer yesterday at a glance – the pharmaceuticals and biotechnology company gained 0.94% and stayed at $38.81 levels. Trading volume was 21.16 million, below the daily average of 28.28 million.
\\nThe Chart pattern study shows Pfizer could be slowing down soon as it is approaching and is only 71 cents away from resistance at $39.53, of course, crossing it might suggest further gains are ahead. In terms of trend indicators, we can see that at $38.79, Pfizer made an initial breakout above the 5 day Simple Moving Average, an indication of a positive trend.
\\nOverall, the technical analysis suggests Pfizer is neutral for the immediate future, with no clear-cut direction.
\\nWith a market cap of $216.49 billion, The pharmaceuticals and biotechnology company started in 2021 by gaining 4.27%. So far this year it is under-performing the Dow Jones by 5.19%.
\\n\\n
\\n\\n\\n\\n\",\"\\nThe European Union concludes talks with Pfizer and BioNTech to deliver a massive supply of Covid vaccines to the bloc https://t.co/iNTNx0K8Vv
\\n— Bloomberg (@business) April 29, 2021
(Last update 9:46am EST, April 29, 2021)
\\nMcDonald's is up to $233.84 having started the day at $235.2, overall a 0.62% move or $1.43 today.
\\nToday, McDonald's released its quarterly earnings, beating analysts' estimates. The company reported earnings of 1.92 per share on revenue of $5.12 billion, topping estimates of 1.81 per share on revenue of $5.03 billion.
\\nAsset volatility analysis shows that the upper Bollinger band is at $235.92, This is a slight indication of a slowdown.
\\nOverall, looking at the technical analysis landscape, it seems McDonald's is likely to reverse course and start pointing down in the short term.
\\nWith a market cap of $174.47 billion, The fast food giant started in 2021 by gaining 7.67%. So far this year it is under-performing the Dow Jones by 1.83%.
\\n\\n
\\n\\n\\n\\n\",\"\\nDigital currency ether hits a record high, stealing bitcoin's limelight https://t.co/Mzu510MOZj
\\n— CNBC (@CNBC) April 29, 2021
(Last update 9:46am EST, April 29, 2021)
\\nBitcoin is sliding down from $54,864 to $53,800, taking a $1,064 loss (1.94%).
\\nImportant graph levels to look out for: Bitcoin immediate support is around $53,733, resistance level is at $63,500. In terms of trend indicators, we can see that at $52,700, Bitcoin made an initial breakout below the 3 day Simple Moving Average, an indication of a negative trend.
\\nOverall, looking at the technical analysis landscape, it seems Bitcoin is likely to continue pointing down in the short term.
\\nWith a market cap of 1.01 trillion, Bitcoin started in 2021 by gaining 46.39%.
\\n\\n
\\n\\n\\n\\n\",\"\\nDigital currency ether hits a record high, stealing bitcoin's limelight https://t.co/Mzu510MOZj
\\n— CNBC (@CNBC) April 29, 2021
(Last update 9:46am EST, April 29, 2021)
\\nCurrently light red but with no clear-cut direction, Gold is trading at $1,764.2 after ranging today between $1,790 and $1,763.5.
\\nA study of Gold's graph shows key levels to watch: Gold might start to recover soon because it is getting close and is now only $22.8 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 at $1,769, Gold 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. Asset volatility analysis shows that the upper Bollinger band is at $1,790.18, indicating a further downward move might be next.
\\nOverall, the technical analysis suggests gold is neutral for the immediate future, with no clear-cut direction.
\\nGold started 2021 by losing 6.29%.
\\n\\n
\\n\\n\\n\\n\",\"\\nDigital currency ether hits a record high, stealing bitcoin's limelight https://t.co/Mzu510MOZj
\\n— CNBC (@CNBC) April 29, 2021
(Last update 9:46am EST, April 29, 2021)
\\nAfter starting at $63.65 crude oil gained $1.43 and traded above the $65 level for the first time in 6 weeks and a half.
\\nThe Chart pattern study shows crude oil immediate resistance is around $65.48, nearest support level is at $61.56. 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 crude oil has just crossed the upper Bollinger band at $64.97, indicating further gains might be next.
\\nOverall, looking at the technical analysis landscape, it seems crude oil might continue pointing upwards in the short term.
\\nCrude oil started 2021 by gaining 23.77%.
\\n\\n
\\n\\n\\n\\n\",\"\\nDigital currency ether hits a record high, stealing bitcoin's limelight https://t.co/Mzu510MOZj
\\n— CNBC (@CNBC) April 29, 2021
(Last update 9:46am EST, April 29, 2021)
\\nAfter opening at 1.2125, Euro/Dollar reached 1.215, breaking a 2 month record. Later, it lost 29 pips and is now trading at 1.2121.
\\nA study of the Euro's chart pattern shows the Euro/Dollar nearest support level is at 1.1718. 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 Euro 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 1.2162, indicating a downward move might be next.
\\nOverall, looking at the technical analysis landscape, it seems the Euro might be pointing upward in the short term.
\\nThe Euro started 2021 by losing 1.09%.
\\n\\n
\\n\\n\\n\\n\",\"\\nDigital currency ether hits a record high, stealing bitcoin's limelight https://t.co/Mzu510MOZj
\\n— CNBC (@CNBC) April 29, 2021
(Last update 11:11am EST, April 29, 2021)
\\nSmall gain for GBP/USD at 1.3953 after ranging today between 1.3932 and 1.3977.
\\nThe Chart pattern study shows the British Pound immediate resistance is around 1.396, nearest support level is at 1.3689. Asset volatility analysis shows that the upper Bollinger band is at 1.3991, This is a slight indication of a slowdown.
\\nOverall, looking at the technical analysis landscape, it seems the British Pound is likely to reverse course and start pointing down in the short term.
\\nThe British Pound started in 2021 by gaining 1.69%.
\\n\\n
\\n\\n\\n\\n\",\"\\nUK household wealth rises to record level during Covid crisis https://t.co/zJELNo0P14
\\n— Financial Times (@FT) April 29, 2021
(Last update 11:11am EST, April 29, 2021)
\\nHesitant but green: from an earlier low of 108.43, dollar/yen is up to 108.92, gaining 34 pips compared to 108.57 at the start of the day (0.31%).
\\nThe Chart visual study suggests the nearest resistance level is at 110.73. In terms of trend indicators, we can see that at 109.02, dollar/yen made an initial breakout above the 50 day Simple Moving Average, an indication of a positive trend. Asset volatility analysis shows that the upper Bollinger band is at 109.12, This is a slight indication of a slowdown.
\\nOverall, the technical analysis suggests the Yen is neutral for the immediate future, with no clear-cut direction.
\\nThe Dollar/Yen started 2021 by gaining 5.06%.
\\n\\n
\\n\\n\\n\\n\",\"\\nUK household wealth rises to record level during Covid crisis https://t.co/zJELNo0P14
\\n— Financial Times (@FT) April 29, 2021
(Last update 11:11am EST, April 29, 2021)
\\nDollar/Swiss trades at 0.9103 having started the day at 0.9095, overall a 0.09% move or 7 pips today.
\\nIn 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 Dollar/Swiss is in oversold condition, allowing more gains. However, the lower Bollinger band is at 0.9082, indicating a positive move might be next.
\\nOverall, looking at the technical analysis landscape, it seems Dollar/Swiss might be pointing down in the short term.
\\nThe Swiss franc started in 2021 by gaining 3.19%.
\\n\\n
\\n\\n\\n\\n\",\"\\nUK household wealth rises to record level during Covid crisis https://t.co/zJELNo0P14
\\n— Financial Times (@FT) April 29, 2021
(Last update 11:11am EST, April 29, 2021)
\\nAfter opening at 0.7791, Aussie/Dollar reached 0.7818, breaking an 8 week and a half record. Later, it lost 49 pips and is now trading at 0.7768.
\\nAn analysis of the Aussie/Dollar chart suggests the Aussie/Dollar nearest support level is at 0.7584. In terms of trend indicators, we can see that at 0.7769, Aussie/Dollar made an initial breakout below the 3 day Simple Moving Average, an indication of a negative trend. Asset volatility analysis shows that the upper Bollinger band is at 0.7818, indicating a further downward move might be next.
\\nOverall, looking at the technical analysis landscape, it seems the Aussie/Dollar is likely to continue pointing down in the short term.
\\nThe Aussie/Dollar started 2021 by gaining 0.87%.
\\n\\n
\\n\\n\\n\\n\\n\"],\"title\":\"Financial Markets Review – 29 April 2021 – 11:11:33\",\"date\":\"2021-04-29T15:11:33\"}"; var omg_ads = JSON.parse(decodeHtml(omg_ads_string)); } catch (e) { var omg_ads = JSON.parse(omg_ads_string); }UK household wealth rises to record level during Covid crisis https://t.co/zJELNo0P14
\\n— Financial Times (@FT) April 29, 2021
![](\\\"https://images.unsplash.com/photo-1503852460961-aa7ffdd3d64d?ixlib=rb-1.2.1&q=80&fm=jpg&crop=entropy&cs=tinysrgb&w=1080&fit=max&ixid=eyJhcHBfaWQiOjE1NDYwM30\\\")
![](\\\"https://images.unsplash.com/photo-1596526131158-52be64dcc208?ixlib=rb-1.2.1&q=80&fm=jpg&crop=entropy&cs=tinysrgb&w=1080&fit=max&ixid=eyJhcHBfaWQiOjE1NDYwM30\\\")
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