\\n

\\n\",\"\\n

S&P hits fresh record high at 4,218.78

\\n

(Last update 9:12am EST, April 30, 2021)

\\n

\\n

After opening at 4,183.18, S&P 500 reached a record high of 4,218.78. Later, it lost 7.31 points and closed at 4,211.47.

\\n

The Chart pattern study shows S&P immediate resistance is around 4,228, nearest support level is at 3,974. In terms of trend indicators, we can see that although up today, it's worth noting that earlier the S&P 500 dropped below the 3 day Simple Moving Average as it was trading at 4,186, usually an indication that a negative trend is ahead. 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 a slight indication of a slowdown comes from looking at the Bollinger bands: the upper band is at 4,233 – a high enough level to usually suggest the S&P 500 is trading above its value.

\\n

Overall, the technical analysis picture suggests S&P is neutral for the immediate future, with no clear-cut direction.

\\n

The S&P 500 started 2021 by gaining 10.89%.

\\n

\\n
\\n

Personal incomes soar. The euro-area slid into a double-dip recession. Amazon's blockbuster quarter. Here's what markets are watching today https://t.co/GdGULCRCfl pic.twitter.com/6LVmULLiUG

\\n

— Bloomberg (@business) April 30, 2021

\\n

\\n

\\n\",\"\\n

After three days of going down, Apple was mostly flat yesterday, closing at $133.48

\\n

(Last update 9:12am EST, April 30, 2021)

\\n

\\n

Apple yesterday at a glance – Apple closed at $133.48 with no clear-cut direction and ranged between $137.07 and $132.45. Trading volume was 151.10 million, above the daily average of 88.62 million.

\\n

Wednesday, 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 0.68%.

\\n

The Chart visual study suggests Apple's nearest support level is at $125.57. In terms of trend indicators, we can see that at $133.91, Apple made an initial breakout below the 10 day Simple Moving Average, an indication of a negative trend. Asset volatility analysis shows that the upper Bollinger band is at $136.54, indicating a downward move might be next.

\\n

Overall, looking at the technical analysis landscape, it seems Apple is likely to start pointing downward in the short term.

\\n

With a market cap of $2.24 trillion, The sleek phone manufacturer started in 2021 by gaining 0.59%. So far this year it is under-performing the Nasdaq by 7.91%.

\\n

\\n
\\n

Personal incomes soar. The euro-area slid into a double-dip recession. Amazon's blockbuster quarter. Here's what markets are watching today https://t.co/GdGULCRCfl pic.twitter.com/6LVmULLiUG

\\n

— Bloomberg (@business) April 30, 2021

\\n

\\n

\\n\",\"\\n

Facebook closes at $329.51, up $22.41, adding one more to its six straight days of gains

\\n

(Last update 9:12am EST, April 30, 2021)

\\n

\\n

Facebook yesterday at a glance – after starting yesterday at $307.1 Facebook went up to $331.8 only to drop back to the half way point range, closing at $329.51. Trading volume was 55.90 million, above the daily average of 18.75 million.

\\n

Wednesday, 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. Since the release of its earnings report, Facebook gained 8.54%.

\\n

The Chart visual study suggests Facebook's immediate resistance is around $333.67, nearest support level is at $313.09. 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 Facebook is in overbought condition. However, a slight indication of a slowdown comes from looking at the Bollinger bands: the upper band is at $326.04 – a high enough level to usually suggest Facebook is trading above its value.

\\n

Overall, looking at the technical analysis landscape, it seems Facebook is likely to continue pointing upward in the short term.

\\n

With a market cap of $936.22 billion, Mark Zuckerberg's company started in 2021 by gaining 18.35%. So far this year it is outperforming the Nasdaq by 9.85%.

\\n

\\n
\\n

Personal incomes soar. The euro-area slid into a double-dip recession. Amazon's blockbuster quarter. Here's what markets are watching today https://t.co/GdGULCRCfl pic.twitter.com/6LVmULLiUG

\\n

— Bloomberg (@business) April 30, 2021

\\n

\\n

\\n\",\"\\n

Amazon closes at $3,471.31, up 0.37%, adding one more to its six straight days of gains

\\n

(Last update 9:12am EST, April 30, 2021)

\\n

\\n

Amazon yesterday at a glance – After dipping down to $3,435, Amazon regained earlier losses, closing at $3,471.31 The trading volume was 5.71 million, above the daily average of 3.46 million.

\\n

Yesterday, Amazon released its quarterly earnings, beating analysts' estimates. The company reported earnings of 15.79 per share on revenue of $108.52 billion, topping estimates of 9.49 per share on revenue of $104.49 billion. Since the release of its earnings report, Amazon gained 0.37%.

\\n

The Chart visual study suggests Amazon's immediate resistance is around $3,512.17, nearest support level is at $3,400. 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 $3,486.27 – a high enough level to usually suggest Amazon is trading above its value.

\\n

Overall, the technical analysis suggests Amazon is neutral for the immediate future, with no clear-cut direction.

\\n

With a market cap of $1.75 trillion, Jeff Bezos’s company started in 2021 by gaining 6.2%. So far this year it is under-performing the Nasdaq by 2.3%.

\\n

\\n
\\n

Personal incomes soar. The euro-area slid into a double-dip recession. Amazon's blockbuster quarter. Here's what markets are watching today https://t.co/GdGULCRCfl pic.twitter.com/6LVmULLiUG

\\n

— Bloomberg (@business) April 30, 2021

\\n

\\n

\\n\",\"\\n

Microsoft down slightly 0.81%, closes at $252.51 after quarterly performance beats projections

\\n

(Last update 5:56am EST, April 30, 2021)

\\n

\\n

Microsoft yesterday at a glance – the iconic OS developer recovered some but not all the way back to $254.56 after dipping down to $249.07. Trading volume was 40.59 million, above the daily average of 26.75 million.

\\n

Microsoft 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.

\\n

The Chart pattern study shows the nearest support level is at $237.58, while the closest resistance is at $261.97. In terms of trend indicators, we can see that at $252.89, Microsoft made an initial breakout below the 21 day Simple Moving Average, an indication of a negative trend. 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 Microsoft is in oversold condition, allowing more gains. In contrast, a slight indication of recovery comes from looking at the Bollinger bands: the lower band is at $251.4 – a low enough level to usually suggest Microsoft is trading below its value. The MACD line is below the MACD signal line significantly, meaning the medium-term trend might turn positive.

\\n

Overall, looking at the technical analysis landscape – although indicators are mixed and some are pointing in different directions, it seems further drawbacks may be next for Microsoft.

\\n

with a market cap of $1.90 trillion, The iconic OS developer started in 2021 by gaining 11.82%. So far this year it is outperforming the Nasdaq by 3.32%.

\\n

\\n
\\n

Watch a Tesla have its doors hacked open by a drone https://t.co/bZWv7IP2A4 pic.twitter.com/S5K9kuSn9N

\\n

— Forbes (@Forbes) April 30, 2021

\\n

\\n

\\n\",\"\\n

Google rises 2.1%, closes at $2,430 after earnings report outperforms expectations

\\n

(Last update 5:56am EST, April 30, 2021)

\\n

\\n

Google yesterday at a glance – the search engine giant rallied 2.1% and maintained at $2,430 level. Trading volume was 1.90 million, above the daily average of 1.40 million.

\\n

Tuesday, 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 4.43%.

\\n

A study on Google's chart pattern shows Google's immediate resistance is around $2,443.19, 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 indicates Google is in strong overbought condition. However, the upper Bollinger band is at $2,438.29, This is a slight indication of a slowdown.

\\n

Overall, looking at the technical analysis landscape, it seems Google is likely to continue pointing upward in the short term.

\\n

With a market cap of $1.62 trillion, The search engine giant started in 2021 by gaining 28.49%. So far this year it is outperforming the Nasdaq by 20%.

\\n

\\n
\\n

Watch a Tesla have its doors hacked open by a drone https://t.co/bZWv7IP2A4 pic.twitter.com/S5K9kuSn9N

\\n

— Forbes (@Forbes) April 30, 2021

\\n

\\n

\\n\",\"\\n

Losing streak continues: Tesla down 2.51%, closes at $677 adding to its four consecutive days of losses

\\n

(Last update 5:57am EST, April 30, 2021)

\\n

\\n

Tesla yesterday at a glance – Elon Musk's electric car company remained in the $677 range after starting the session at $694.4 and dropping 2.51%. Trading volume was 28.56 million, below the daily average of 30.96 million.

\\n

Tuesday, 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 8.29%

\\n

Visual analysis of the Tesla's price graph shows the nearest support level is at $611.29, while the closest resistance is at $707.94. In terms of trend indicators, we can see that at $690.04, Tesla made an initial breakout below the 50 day Simple Moving Average, an indication of a negative trend. 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 Tesla is in oversold condition, allowing more gains. In contrast, a slight indication of recovery comes from looking at the Bollinger bands: the lower band is at $669 – a low enough level to usually suggest Tesla is trading below its value.

\\n

Overall, looking at the technical analysis landscape – although indicators are mixed and some are pointing in different directions, it seems further drawbacks may be next for Tesla.

\\n

with a market cap of $649.82 billion, The trendy electric car company started in 2021 by losing 4.13%. So far this year it is under-performing the Nasdaq by 12.63%.

\\n

\\n
\\n

Watch a Tesla have its doors hacked open by a drone https://t.co/bZWv7IP2A4 pic.twitter.com/S5K9kuSn9N

\\n

— Forbes (@Forbes) April 30, 2021

\\n

\\n

\\n\",\"\\n

Losing streak continues: Zoom down 3.06%, closes at $321.1 adding to its five consecutive days of losses

\\n

(Last update 5:57am EST, April 30, 2021)

\\n

\\n

Zoom yesterday at a glance – the video communications platform provider dropped 3.06% early on and stayed at the $321.1 range. Trading volume was 3.12 million, above the daily average of 2.42 million.

\\n

In terms of trend indicators, we can see that at $326.65, Zoom made an initial breakout below the 21 day Simple Moving Average, an indication of a negative trend. Asset volatility analysis shows that the upper Bollinger band is at $339.53, indicating a further downward move might be next. However, Zoom might start to recover soon because it is getting closer and is now only $12.71 from the support line at $308.39, obviously dipping below it could be an indication that further losses are ahead.

\\n

Overall, looking at the technical analysis landscape – although indicators are mixed and some are pointing in different directions, it seems further drawbacks may be next for Zoom.

\\n

with a market cap of $94.31 billion, The video communications platform provider started in 2021 by losing 4.9%. So far this year it is under-performing the Nasdaq by 13.4%.

\\n

\\n
\\n

Watch a Tesla have its doors hacked open by a drone https://t.co/bZWv7IP2A4 pic.twitter.com/S5K9kuSn9N

\\n

— Forbes (@Forbes) April 30, 2021

\\n

\\n

\\n\",\"\\n

Netflix will open at $509 after gaining 0.49% yesterday

\\n

(Last update 5:57am EST, April 30, 2021)

\\n

\\n

Netflix yesterday at a glance – Netflix recovered all the way back to $506.52 after dipping down to $499. Trading volume was 5.13 million, below the daily average of 7.30 million.

\\n

The chart pattern study shows the nearest resistance level is at $535.09, followed by $555.31 at the next level. 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. Momentum evaluation shows The Relative Strength Index indicates Netflix is in oversold condition, allowing more gains.

\\n

Overall, technical indicators suggest Netflix has no obvious direction for the immediate future.

\\n

With a market cap of $225.69 billion, The streaming company started 2021 by losing 6.26%. So far this year it is under-performing the Nasdaq by 14.76%.

\\n

\\n
\\n

Watch a Tesla have its doors hacked open by a drone https://t.co/bZWv7IP2A4 pic.twitter.com/S5K9kuSn9N

\\n

— Forbes (@Forbes) April 30, 2021

\\n

\\n

\\n\",\"\\n

Stable day for Walmart, parking at $139.55

\\n

(Last update 10:51am EST, April 30, 2021)

\\n

\\n

The warehouse store chain company recovered back to $139.55 after dipping down to $139.13 in a session that started at $139.63.

\\n

A study of Walmart's graph shows key levels to watch: Walmart's nearest support level is at $134.12. In terms of trend indicators, we can see that at $139.27, Walmart made an initial breakout below the 21 day Simple Moving Average, an indication of a negative trend. Asset volatility analysis shows that the upper Bollinger band is at $141.69, indicating a downward move might be next.

\\n

Overall, looking at the technical analysis landscape, it seems Walmart is likely to start pointing downward in the short term.

\\n

With a market cap of $392.62 billion, The discount department and warehouse stores chain started in 2021 by losing 3.24%. So far this year it is under-performing the Dow by 13.38%.

\\n

\\n
\\n

Hungary’s vaccine registration website crashes after the government allowed the general public to register for a Pfizer coronavirus shot for one day only https://t.co/a3mZQC4iU4

\\n

— Bloomberg (@business) April 30, 2021

\\n

\\n

\\n\",\"\\n

Procter & Gamble up 0.86%, trading around $133.65

\\n

(Last update 10:51am EST, April 30, 2021)

\\n

\\n

After starting the day at $132.51 Procter & Gamble went up to $133.67 only to drop back, yet is still positive overall today, trading now at $133.65.

\\n

Visual analysis of the Procter & Gamble's price graph shows the nearest resistance level is at $137.75.

\\n

With a market cap of $327.21 billion, The consumer goods corporation started in 2021 by losing 5%. So far this year it is under-performing the Dow Jones by 15.14%.

\\n

\\n
\\n

Hungary’s vaccine registration website crashes after the government allowed the general public to register for a Pfizer coronavirus shot for one day only https://t.co/a3mZQC4iU4

\\n

— Bloomberg (@business) April 30, 2021

\\n

\\n

\\n\",\"\\n

Walt Disney down slightly to $184.57 (down 0.41%) after starting the day at $185.33

\\n

(Last update 10:51am EST, April 30, 2021)

\\n

\\n

The entertainment and content production company has recovered some, but not all the way back to $185.33 after dipping down to $183.54.

\\n

Important graph levels to look out for: Walt Disney immediate support is around $183.54, resistance level is at $201.91. In terms of trend indicators, we can see that although down today, it's worth noting that at $184.4 Walt Disney did peak above the 10 day Simple Moving Average earlier, usually an indication that a positive move is maybe ahead. Asset volatility analysis shows that the upper Bollinger band is at $187.62, indicating a further downward move might be next.

\\n

Overall, technical indicators suggest Walt Disney has no obvious direction for the immediate future.

\\n

With a market cap of $335.04 billion, The entertainment giant started in 2021 by gaining 2.24%. So far this year it is under-performing the Dow by 7.9%.

\\n

\\n
\\n

Hungary’s vaccine registration website crashes after the government allowed the general public to register for a Pfizer coronavirus shot for one day only https://t.co/a3mZQC4iU4

\\n

— Bloomberg (@business) April 30, 2021

\\n

\\n

\\n\",\"\\n

Coca-Cola retreats to $53.9 (down 0.67%) after starting the day at $54.26

\\n

(Last update 10:51am EST, April 30, 2021)

\\n

\\n

The soft drink company is dark red after losing 0.67%, tumbling down to $53.9.

\\n

In terms of trend indicators, we can see that although down today, it's worth noting that at $54.05 Coca-Cola did peak above the 10 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 $53.31 – a low enough level to usually suggest Coca-Cola is trading below its value. However, Coca-Cola fell below the $53.85 support zone and receded four cents away from it.

\\n

Overall, looking at the technical analysis landscape – although indicators are mixed and some are pointing in different directions, it seems Coca-Cola might reverse course and start pointing upward in the short term.

\\n

With a market cap of $232.39 billion, The soft drink company started in 2021 by losing 1.07%. So far this year it is under-performing the Dow by 11.21%.

\\n

\\n
\\n

Hungary’s vaccine registration website crashes after the government allowed the general public to register for a Pfizer coronavirus shot for one day only https://t.co/a3mZQC4iU4

\\n

— Bloomberg (@business) April 30, 2021

\\n

\\n

\\n\",\"\\n

Stable day for Pfizer, trading around $38.62

\\n

(Last update 10:51am EST, April 30, 2021)

\\n

\\n

A mostly flat day so far for the pharmaceuticals and biotechnology company ranging between $38.9 and $38.5 and is now at $38.62.

\\n

A study of Pfizer's graph shows key levels to watch: Pfizer's nearest support level is at $36.62. In terms of trend indicators, we can see that at $38.79, Pfizer made an initial breakout above the 10 day Simple Moving Average, an indication of a positive trend. Asset volatility analysis shows that the upper Bollinger band is at $39.35, indicating a downward move might be next.

\\n

Overall, technical indicators suggest Pfizer has no obvious direction for the immediate future.

\\n

With a market cap of $215.40 billion, The pharmaceuticals and biotechnology company started 2021 by gaining 4.64%. So far this year it is under-performing the Dow by 5.5%.

\\n

\\n
\\n

Hungary’s vaccine registration website crashes after the government allowed the general public to register for a Pfizer coronavirus shot for one day only https://t.co/a3mZQC4iU4

\\n

— Bloomberg (@business) April 30, 2021

\\n

\\n

\\n\",\"\\n

McDonald's down slightly to $234.53 despite better than projected quarterly performance

\\n

(Last update 10:31am EST, April 30, 2021)

\\n

\\n

McDonald's is down to $234.53 having started the day at $234, overall a 0.29% loss or 68 cents today.

\\n

Yesterday, 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. Since the release of its earnings report, McDonald's gained 0.91%.

\\n

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 the upper Bollinger band is at $235.54, indicating a further downward move might be next.

\\n

Overall, technical indicators suggest McDonald's has no obvious direction for the immediate future.

\\n

With a market cap of $174.98 billion, The fast food giant started in 2021 by gaining 8.77%. So far this year it is under-performing the Dow Jones by 1.37%.

\\n

\\n
\\n

MicroStrategy ( $MSTR ) said that it intends to buy and hold even more #Bitcoin to increase value to its shareholders.https://t.co/ZvsXCiKAjF

\\n

— TheStreet (@TheStreet) April 30, 2021

\\n

\\n

\\n\",\"\\n

Bitcoin up $2,428.54, trading around $56,000

\\n

(Last update 10:31am EST, April 30, 2021)

\\n

\\n

Hesitant but green: from an earlier low of $53,130, Bitcoin is up to $56,000 gaining $2,428.54 compared to the $53,571 start of the day (4.54%).

\\n

Bitcoin's graph levels to watch: nearest resistance level is at $63,500. In terms of trend indicators, we can see that although up today, it's worth noting that earlier, Bitcoin dropped below the 10 day Simple Moving Average as it was trading at $53,200, usually an indication that a negative trend is ahead.

\\n

Overall, looking at the technical analysis landscape, it seems Bitcoin is likely to reverse course and start pointing down in the short term.

\\n

With a market cap of 1.05 trillion, Bitcoin started in 2021 by gaining 45.14%.

\\n

\\n
\\n

MicroStrategy ( $MSTR ) said that it intends to buy and hold even more #Bitcoin to increase value to its shareholders.https://t.co/ZvsXCiKAjF

\\n

— TheStreet (@TheStreet) April 30, 2021

\\n

\\n

\\n\",\"\\n

Gold steady at $1,767.6, no significant movement

\\n

(Last update 10:31am EST, April 30, 2021)

\\n

\\n

A mostly flat day so far for Gold, ranging between $1,773.3 and $1,763.3 and is now at $1,767.6.

\\n

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. Asset volatility analysis shows that the upper Bollinger band is at $1,793.46, indicating a downward move 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. In contrast, Gold might start to recover soon because it is getting closer and is now only $26.2 from the support line at $1,741.4, Obviously, dipping below it could be an indication that further losses are ahead.

\\n

Overall, looking at all the technical indicators, it seems Gold might be pointing down in the short term.

\\n

Gold started 2021 by losing 6.85%.

\\n

\\n
\\n

MicroStrategy ( $MSTR ) said that it intends to buy and hold even more #Bitcoin to increase value to its shareholders.https://t.co/ZvsXCiKAjF

\\n

— TheStreet (@TheStreet) April 30, 2021

\\n

\\n

\\n\",\"\\n

Crude oil slides down to $63.52 (down $1.3) after starting the day at $64.83

\\n

(Last update 10:31am EST, April 30, 2021)

\\n

\\n

Crude oil is sliding down from $64.83 to $63.52, taking a $1.3 loss (2%).

\\n

Crude oil chart analysis: Crude oil's nearest support level is at $57.76. In terms of trend indicators, we can see that at $63.5, Oil 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 $65.15, indicating a further downward move might be next. 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.

\\n

Overall, looking at the technical analysis landscape – although indicators are mixed and some are pointing in different directions, it seems further drawbacks may be next for oil.

\\n

Crude oil started in 2021 by gaining 25.22%.

\\n

\\n
\\n

MicroStrategy ( $MSTR ) said that it intends to buy and hold even more #Bitcoin to increase value to its shareholders.https://t.co/ZvsXCiKAjF

\\n

— TheStreet (@TheStreet) April 30, 2021

\\n

\\n

\\n\",\"\\n

Euro/Dollar draws back to 1.2073 after starting the day at 1.212 (down 0.39%)

\\n

(Last update 10:31am EST, April 30, 2021)

\\n

\\n

The Euro/Dollar is sliding down from 1.212 to 1.2073, taking a 47 pip loss (0.39%).

\\n

Visual analysis of the Euro/Dollar's price graph shows the Euro's nearest support level is at 1.1718. In terms of trend indicators, we can see that at 1.2071, Euro made an initial breakout below the 10 day Simple Moving Average, an indication of a negative trend. Asset volatility analysis shows that the upper Bollinger band is at 1.2162, indicating a further downward move might be next.

\\n

Overall, looking at the technical analysis landscape, it seems the Euro is likely to continue pointing down in the short term.

\\n

The Euro/Dollar started 2021 by losing 0.78%.

\\n

\\n
\\n

MicroStrategy ( $MSTR ) said that it intends to buy and hold even more #Bitcoin to increase value to its shareholders.https://t.co/ZvsXCiKAjF

\\n

— TheStreet (@TheStreet) April 30, 2021

\\n

\\n

\\n\",\"\\n

The Pound made its largest single-day drop of 118 pips(0.85%) since Feb 25

\\n

(Last update 11:11am EST, April 30, 2021)

\\n

\\n

After starting at 1.3943 GBP/USD made its largest single-day drop (118 pips) seen recently, trading now at 1.3825

\\n

In terms of trend indicators, we can see that at 1.3906, the British Pound made an initial breakout below the 10 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. In contrast, a slight indication of recovery comes from looking at the Bollinger bands: the lower band is at 1.3794 – a low enough level to usually suggest the British Pound is trading below its value.

\\n

Overall, looking at the technical analysis landscape – although indicators are mixed and some are pointing in different directions, it seems further drawbacks may be next for the Pound/Dollar

\\n

The Pound started in 2021 by gaining 2%.

\\n

\\n
\\n

UK ex-police officer jailed for belonging to neo-Nazi group https://t.co/fbPSxaBFyZ pic.twitter.com/a0emy8bwYr

\\n

— Reuters (@Reuters) April 30, 2021

\\n

\\n

\\n\",\"\\n

Dollar/Yen up 32 pips, trading around 109.25

\\n

(Last update 11:11am EST, April 30, 2021)

\\n

\\n

After dipping down to 108.71, dollar/yen regained earlier losses, currently at 109.25

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A study of the Dollar/Yen's chart pattern shows the nearest resistance level is at 110.73. In terms of trend indicators, we can see that at 109.04, dollar/yen made an initial breakout above the 50 day Simple Moving Average, an indication of a positive 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. Momentum evaluation shows the Relative Strength Index shows the Yen has gone up above 70 going into overbought territory. Asset volatility analysis shows that the upper Bollinger band is at 109.25, This is a slight indication of a slowdown.

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Overall, the technical analysis suggests the Dollar/Yen is neutral for the immediate future, with no clear-cut direction.

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The Yen started in 2021 by gaining 4.95%.

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UK ex-police officer jailed for belonging to neo-Nazi group https://t.co/fbPSxaBFyZ pic.twitter.com/a0emy8bwYr

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— Reuters (@Reuters) April 30, 2021

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Dollar/Swiss up 43 pips, trading around 0.9129

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(Last update 11:11am EST, April 30, 2021)

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The Swiss franc is up to 0.9129 having started the day at 0.9086, overall a 0.48% move or 43 pips today.

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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 the lower Bollinger band is at 0.9089, indicating further gains might be next.

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Overall, the technical analysis suggests Dollar/Swiss is neutral for the immediate future, with no clear-cut direction.

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Dollar/Swiss started in 2021 by gaining 2.69%.

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UK ex-police officer jailed for belonging to neo-Nazi group https://t.co/fbPSxaBFyZ pic.twitter.com/a0emy8bwYr

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— Reuters (@Reuters) April 30, 2021

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Aussie/Dollar is down 53 pips (0.69%), trading around 0.7712

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(Last update 11:11am EST, April 30, 2021)

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The Aussie/Dollar went down to 0.7712, following mixed behavior today, as it ranging between 0.7711 and 0.7784.

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Visual analysis of the Aussie/Dollar's price graph shows the Australian dollar's nearest support level is at 0.7584. In terms of trend indicators, we can see that at 0.7735, Australian dollar made an initial breakout below the 10 day Simple Moving Average, an indication of a negative trend. Asset volatility analysis shows that a slight indication of recovery comes from looking at the Bollinger bands: the lower band is at 0.7652 – a low enough level to usually suggest the Australian dollar is trading below its value.

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Overall, the technical analysis suggests the Australian dollar is neutral for the immediate future, with no clear-cut direction.

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The Aussie/Dollar started 2021 by gaining 1.24%.

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UK ex-police officer jailed for belonging to neo-Nazi group https://t.co/fbPSxaBFyZ pic.twitter.com/a0emy8bwYr

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— Reuters (@Reuters) April 30, 2021

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