![](\\\"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 1:51pm EST, May 4, 2021)
\\nStarting at 4,192.66 The S&P 500 is trading at 4,144.68 after making its biggest single-day drop of 47.98 points(1.14%) since Mar 18
\\nThe Chart visual study suggests the S&P 500's nearest support level is at 3,974, followed by 3,889 at the next level. Asset volatility analysis shows that a slight indication of recovery comes from looking at the Bollinger bands: the lower band is at 4,089 – a low enough level to usually suggest the S&P 500 is trading below its value. Japanese Candlesticks formations detected today are the "bullish harami”, when it appears on top of a bearish overall trend, as it is now, some traders would consider this as an indication of a reversal of course. However, at 4,149.4, S&P 500 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 S&P 500 might reverse course and start pointing upward in the short term.
\\nThe S&P 500 started 2021 by gaining 10.41%.
\\n\\n
\\n\\n\\n\\n\",\"\\nExclusive: Hackers broke into Glovo, Europe’s $2 billion Amazon rival https://t.co/EEsCPDHlWc pic.twitter.com/nvYo8382CJ
\\n— Forbes (@Forbes) May 4, 2021
(Last update 1:51pm EST, May 4, 2021)
\\nThe mobile and tech colossus was down by $5.72. This is the largest single day drop since October 2020.
\\nApple is down despite the fact that on Wednesday the company 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.
\\nImportant graph levels to look out for: Apple might start to recover soon because it is getting close and is now only $1.25 from the support line at $125.57, obviously dipping below it could be an indication that further losses are ahead. In terms of trend indicators, we can see that the MACD line is below the MACD signal line significantly, meaning the medium-term trend might turn positive. 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. Asset volatility analysis shows that Apple has just crossed the lower Bollinger band at $129.28, indicating further loses might be next 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.
\\nOverall, technical indicators suggest Apple has no obvious direction for the immediate future.
\\nWith a market cap of $2.12 trillion, The sleek phone manufacturer started in 2021 by losing 0.11%. So far this year it is under-performing the Nasdaq by 7.36%.
\\n\\n
\\n\\n\\n\\n\",\"\\nExclusive: Hackers broke into Glovo, Europe’s $2 billion Amazon rival https://t.co/EEsCPDHlWc pic.twitter.com/nvYo8382CJ
\\n— Forbes (@Forbes) May 4, 2021
(Last update 1:51pm EST, May 4, 2021)
\\nMark Zuckerberg's company is down by $8.39. This is the largest single day drop since Mar 24
\\nFacebook is down despite the fact that on Wednesday the company 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.
\\nFacebook chart analysis: Facebook might start to recover soon because it is getting closer and is now only $1.1 from the support line at $313.09, Obviously, dipping below it could be an indication that further losses are ahead. In terms of trend indicators, we can see that at $317.57, Facebook made an initial breakout below the 5 day Simple Moving Average, an indication of a negative trend.
\\nOverall, technical indicators suggest Facebook has no obvious direction for the immediate future.
\\nWith a market cap of $890.87 billion, Mark Zuckerberg's company started in 2021 by gaining 15.32%. So far this year it is outperforming the Nasdaq by 8.07%.
\\n\\n
\\n\\n\\n\\n\",\"\\nExclusive: Hackers broke into Glovo, Europe’s $2 billion Amazon rival https://t.co/EEsCPDHlWc pic.twitter.com/nvYo8382CJ
\\n— Forbes (@Forbes) May 4, 2021
(Last update 1:52pm EST, May 4, 2021)
\\nThe tech and retail multifaceted giant was down by $105.49. This is the largest single day drop since Mar 18
\\nThursday, 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 lost 5.13%.
\\nIn terms of trend indicators, we can see that medium-term trend indications have 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. 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. On the other hand, note that a slight indication of recovery comes from looking at the Bollinger bands: the lower band is at $3,280.48 – a low enough level to usually suggest Amazon is trading below its value.
\\nOverall, 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 Amazon.
\\nwith a market cap of $1.65 trillion, The tech and retail multifaceted giant has started 2021 by gaining 3.83%. So far this year it is under-performing the Nasdaq by 3.42%.
\\n\\n
\\n\\n\\n\\n\",\"\\nExclusive: Hackers broke into Glovo, Europe’s $2 billion Amazon rival https://t.co/EEsCPDHlWc pic.twitter.com/nvYo8382CJ
\\n— Forbes (@Forbes) May 4, 2021
(Last update 11:11am EST, May 4, 2021)
\\nThe software giant dropped 1.74% early on and is steady at the $247.47 range.
\\nThe Chart visual study suggests 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 the MACD line is below the MACD signal line significantly, meaning the medium-term trend might turn positive. 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. Asset volatility analysis shows that a slight indication of recovery comes from looking at the Bollinger bands: the lower band is at $247 – 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 $1.86 trillion, The iconic OS developer started in 2021 by gaining 11.69%. So far this year it is outperforming the Nasdaq by 4.44%.
\\n\",\"\\n(Last update 11:11am EST, May 4, 2021)
\\nThe search engine giant was down by $58.22. This is the largest single day drop since Mar 8
\\nGoogle chart analysis: Google's nearest support level is at $2,114.77, followed by $2,035.55 at the next level. In terms of trend indicators, we can see that at $2,342, Google made an initial breakout below the 10 day Simple Moving Average, an indication of a negative trend.
\\nOverall, looking at the technical analysis landscape, it seems Google is likely to continue pointing down in the short term.
\\nWith a market cap of $1.55 trillion, The leading search engine company started 2021 by gaining 26.86%. So far this year it is outperforming the Nasdaq by 19.61%.
\\n\",\"\\n(Last update 11:11am EST, May 4, 2021)
\\nElon Musk's electric car company remains in the $664.31 range after starting the session at $684.9 and dropping 3%.
\\nTesla chart analysis: nearest support level is at $611.29, while the closest resistance is at $707.94. 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 $659 – a low enough level to usually suggest Tesla is trading below its value.
\\nOverall, technical indicators suggest Tesla has no obvious direction for the immediate future.
\\nWith a market cap of $639.95 billion, The trendy electric car company started in 2021 by losing 3.03%. So far this year it is under-performing the Nasdaq by 10.28%.
\\n\",\"\\n(Last update 11:11am EST, May 4, 2021)
\\nThe video communications platform provider remains in the $304.49 range after starting the session at $313.92 and dropping 3%.
\\nVisual analysis of the Zoom's price graph shows Zoom's immediate support is around $296.54, resistance level is at $316.32. 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 Zoom has just crossed the lower Bollinger band at $305.52, indicating further loses might be next On the other hand, note that the Relative Strength Index has gone below 30, going into oversold conditions and allowing more gains.
\\nOverall, 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.
\\nwith a market cap of $89.43 billion, The video communications platform provider started in 2021 by losing 7.45%. So far this year it is under-performing the Nasdaq by 14.7%.
\\n\",\"\\n(Last update 11:12am EST, May 4, 2021)
\\nThe streaming heavyweight slid down from $509.11 to $501.63, losing $7.48 (1.47%).
\\nNetflix chart analysis: Netflix fell below the $502.86 support zone and receded $1.23 away from it. Momentum evaluation shows The Relative Strength Index indicates Netflix 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 $487 – a low enough level to usually suggest Netflix is trading below its value.
\\nOverall, 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 Netflix.
\\nwith a market cap of $222.42 billion, The streaming company started 2021 by losing 6.21%. So far this year it is under-performing the Nasdaq by 13.46%.
\\n\",\"\\n(Last update 1:11pm EST, May 4, 2021)
\\nThe warehouse store chain company remains in the $140.41 range after starting the session at $142.12 and dropping 1.2%.
\\nIn terms of trend indicators, we can see that at $140.55, Walmart 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 $142.36, indicating a further downward move might be next. However, Walmart might start to recover soon because it is getting closer and is now only $2.52 from the support line at $137.89, obviously dipping below it could be an indication that further losses are ahead.
\\nOverall, 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 Walmart.
\\nwith a market cap of $395.04 billion, The warehouse store chain company started in 2021 by losing 1.43%. So far this year it is under-performing the Dow Jones by 11.71%.
\\n\\n
\\n\\n\\n\\n\",\"\\nPfizer raised its forecast for 2021 COVID-19 vaccine sales by more than 70% to $26 billion, reflecting new contracts with governments around the world trying to halt the pandemic through rapid vaccination https://t.co/Z1iyuX3MIK pic.twitter.com/yYaCcVOxtF
\\n— Reuters (@Reuters) May 4, 2021
(Last update 1:11pm EST, May 4, 2021)
\\nLight red, mostly flat: Procter & Gamble ranges between $135.83 and $134.56 and is now at $134.72.
\\nThe Chart visual study suggests the nearest support level is at $131.18, while the closest resistance is at $137.75. In terms of trend indicators, we can see that at $135.11, Procter & Gamble made an initial breakout below the 200 day Simple Moving Average, an indication of a negative trend.
\\nOverall, looking at the technical analysis landscape, it seems Procter & Gamble is likely to continue pointing down in the short term.
\\nWith a market cap of $329.83 billion, The consumer goods company started 2021 by losing 3.07%. So far this year it is under-performing the Dow Jones by 13.35%.
\\n\\n
\\n\\n\\n\\n\",\"\\nPfizer raised its forecast for 2021 COVID-19 vaccine sales by more than 70% to $26 billion, reflecting new contracts with governments around the world trying to halt the pandemic through rapid vaccination https://t.co/Z1iyuX3MIK pic.twitter.com/yYaCcVOxtF
\\n— Reuters (@Reuters) May 4, 2021
(Last update 1:11pm EST, May 4, 2021)
\\nThe entertainment giant drops 1.11% early on and steadies at the $183.45 range.
\\nIn terms of trend indicators, we can see that at $184.08, Walt Disney 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 $186.29, indicating a further downward move might be next.
\\nOverall, looking at the technical analysis landscape, it seems Walt Disney is likely to continue pointing down in the short term.
\\nWith a market cap of $333.01 billion, The entertainment giant started in 2021 by gaining 2.33%. So far this year it is under-performing the Dow by 7.95%.
\\n\\n
\\n\\n\\n\\n\",\"\\nPfizer raised its forecast for 2021 COVID-19 vaccine sales by more than 70% to $26 billion, reflecting new contracts with governments around the world trying to halt the pandemic through rapid vaccination https://t.co/Z1iyuX3MIK pic.twitter.com/yYaCcVOxtF
\\n— Reuters (@Reuters) May 4, 2021
(Last update 1:11pm EST, May 4, 2021)
\\nThe soft drinks giant slid down from $54.48 to $54.06, losing 41 cents (0.76%).
\\nIn terms of trend indicators, we can see that at $54.12, Coca-Cola 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 $54.84, indicating a further downward move might be next. However, Coca-Cola might start to recover soon because it is getting closer and is now only 48 cents from the support line at $53.58, obviously dipping below it could be an indication that further losses are ahead.
\\nOverall, 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 Coca-Cola
\\nwith a market cap of $233.11 billion, The soft drinks giant started 2021 by losing 0.66%. So far this year it is under-performing the Dow by 10.94%.
\\n\\n
\\n\\n\\n\\n\",\"\\nPfizer raised its forecast for 2021 COVID-19 vaccine sales by more than 70% to $26 billion, reflecting new contracts with governments around the world trying to halt the pandemic through rapid vaccination https://t.co/Z1iyuX3MIK pic.twitter.com/yYaCcVOxtF
\\n— Reuters (@Reuters) May 4, 2021
(Last update 1:11pm EST, May 4, 2021)
\\nPfizer was trading at $39.81 with no clear-cut direction, ranging between $40.17 and $39.43. Trading volume is at 34.02 million, above the 21 day average of 26.30 million.
\\nToday, Pfizer released its quarterly earnings, beating analysts' estimates. The company reported earnings of 0.93 per share on revenue of $14.58 billion, topping estimates of 0.7773 per share on revenue of $13.67 billion.
\\nThe Chart pattern study shows Pfizer's nearest support level is at $38.45. 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 $39.94, indicating a downward move might be next.
\\nOverall, the technical analysis suggests Pfizer is neutral for the immediate future, with no clear-cut direction.
\\nWith a market cap of $222.07 billion, The pharmaceuticals and biotechnology company started 2021 by gaining 7.58%. So far this year it is under-performing the Dow by 2.7%.
\\n\\n
\\n\\n\\n\\n\",\"\\nPfizer raised its forecast for 2021 COVID-19 vaccine sales by more than 70% to $26 billion, reflecting new contracts with governments around the world trying to halt the pandemic through rapid vaccination https://t.co/Z1iyuX3MIK pic.twitter.com/yYaCcVOxtF
\\n— Reuters (@Reuters) May 4, 2021
(Last update 12:36pm EST, May 4, 2021)
\\nThe fast food company slid down from $235.56 to $234, losing $1.56 (0.66%).
\\nMcDonald's is down despite the fact that on Thursday the company 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.
\\nIn terms of trend indicators, we can see that at $234.85, McDonald's 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 $236.22, indicating a further downward move might be next. In contrast, McDonald's might start to recover soon because it is getting closer and is now only $1.39 from the support line at $232.61, obviously dipping below it could be an indication that further losses are ahead.
\\nOverall, 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 McDonald's
\\nwith a market cap of $174.59 billion, The fast food company started in 2021 by gaining 8.91%. So far this year it is under-performing the Dow by 1.37%.
\\n\\n
\\n\\n\\n\\n\",\"\\nIn a new partnership with $COIN, Sotheby's will now be able to accept #Bitcoin and #Ethereum during auctions.https://t.co/LOPHARSFG8
\\n— TheStreet (@TheStreet) May 4, 2021
(Last update 12:36pm EST, May 4, 2021)
\\nBitcoin is sliding down from $57,045 to $53,700, taking a $3,345.34 loss (5.85%).
\\nA study on Bitcoin's chart pattern shows the nearest support level is at $49,000, while the closest resistance is at $63,500. In terms of trend indicators, we can see that at $56,474, Bitcoin made an initial breakout below the 21 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 1.00 trillion, Bitcoin started in 2021 by gaining 48.78%.
\\n\\n
\\n\\n\\n\\n\",\"\\nIn a new partnership with $COIN, Sotheby's will now be able to accept #Bitcoin and #Ethereum during auctions.https://t.co/LOPHARSFG8
\\n— TheStreet (@TheStreet) May 4, 2021
(Last update 12:36pm EST, May 4, 2021)
\\nAfter opening at $1,791.8, Gold reached $1,799.5, breaking a 2 month record. Later, it lost $24.7 and is now trading at $1,774.8.
\\nAn analysis of the Gold chart suggests that although gold is down today and was as low as $1,769.2, it seems to be recovering slightly and climbing away from the $1,741.4 support line and is now $33.4 above it. In terms of trend indicators, we can see that at $1,779.54, 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 $1,796, indicating a further downward move might be next.
\\nOverall, technical indicators suggest Gold has no obvious direction for the immediate future.
\\nGold started 2021 by losing 5.58%.
\\n\\n
\\n\\n\\n\\n\",\"\\nIn a new partnership with $COIN, Sotheby's will now be able to accept #Bitcoin and #Ethereum during auctions.https://t.co/LOPHARSFG8
\\n— TheStreet (@TheStreet) May 4, 2021
(Last update 12:36pm EST, May 4, 2021)
\\nAfter starting the day at $64.46, crude oil rallied to $65.81, hitting its highest point in 7 weeks, It later lost 24 cents and is now trading at $65.56
\\nThe Chart visual study suggests crude oil immediate resistance is around $65.8, nearest support level is at $57.76. In terms of trend indicators, we can see that although up today, it's worth noting that earlier, oil dropped below the 3 day Simple Moving Average as it was trading at $64.29, 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 $65.89 – a high enough level to usually suggest oil 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 crude oil.
\\nOil started 2021 by gaining 24.79%.
\\n\\n
\\n\\n\\n\\n\",\"\\nIn a new partnership with $COIN, Sotheby's will now be able to accept #Bitcoin and #Ethereum during auctions.https://t.co/LOPHARSFG8
\\n— TheStreet (@TheStreet) May 4, 2021
(Last update 12:37pm EST, May 4, 2021)
\\nThe Euro/Dollar remains in the 1.2013 range after starting the session at 1.2065 and dropping 51 pips.
\\nA study of the Euro/Dollar's graph shows key levels to watch: Euro/Dollar nearest support level is at 1.1718. In terms of trend indicators, we can see that at 1.203, Euro made an initial breakout below the 21 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 1.1945 – a low enough level to usually suggest the Euro/Dollar is trading below its value.
\\nOverall, the technical analysis suggests the Euro/Dollar is neutral for the immediate future, with no clear-cut direction.
\\nThe Euro started 2021 by losing 1.63%.
\\n\\n
\\n\\n\\n\\n\",\"\\nIn a new partnership with $COIN, Sotheby's will now be able to accept #Bitcoin and #Ethereum during auctions.https://t.co/LOPHARSFG8
\\n— TheStreet (@TheStreet) May 4, 2021
(Last update 2:11pm EST, May 4, 2021)
\\nGBP/USD remains in the 1.3894 range after starting the session at 1.3908 and dropping 13 pips.
\\nA study on The British Pound's chart pattern shows the British Pound resistance level is at 1.3987. In terms of trend indicators, we can see that at 1.3857, the British Pound 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 1.3972, indicating a downward move might be next.
\\nOverall, looking at the technical analysis landscape, it seems The Pound is likely to start pointing downward in the short term.
\\nThe Pound started in 2021 by gaining 1.07%.
\\n\\n
\\n\\n\\n\\n\",\"\\nGoldman Sachs employees in U.S., UK to return to office by summer https://t.co/2xTJF08hNM pic.twitter.com/NW7gGhkOre
\\n— Reuters Business (@ReutersBiz) May 4, 2021
(Last update 2:11pm EST, May 4, 2021)
\\nAfter starting the day at 109.09, the yen went up to 109.49 only to drop back to the half way point range and is now trading at 109.25.
\\nImportant graph levels to look out for: nearest resistance level is at 110.73. In terms of trend indicators, we can see that although up today, it's worth noting that earlier the dollar/yen dropped below the 50 day Simple Moving Average as it was trading at 109.07, usually an indication that a negative trend is ahead. Asset volatility analysis shows that the upper Bollinger band is at 109.65, This is a slight indication of a slowdown. In contrast, The Relative Strength Index indicates the Dollar/Yen is in overbought condition, Keep an eye out for a slowdown of gains.
\\nOverall, looking at the technical analysis landscape, it seems a reverse of course in the short term might be next for the Yen
\\nThe Yen started in 2021 by gaining 5.61%.
\\n\\n
\\n\\n\\n\\n\",\"\\nGoldman Sachs employees in U.S., UK to return to office by summer https://t.co/2xTJF08hNM pic.twitter.com/NW7gGhkOre
\\n— Reuters Business (@ReutersBiz) May 4, 2021
(Last update 2:11pm EST, May 4, 2021)
\\nThe Swiss franc is gaining 20 pips and is hovering at 0.9129 level.
\\nA study of Dollar/Swiss's graph shows key levels to watch: nearest resistance level is at 0.9475. In terms of trend indicators, we can see that at 0.9143, Dollar/Swiss made an initial breakout above the 5 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 0.9196 – a high enough level to usually suggest Dollar/Swiss is trading above its value.
\\nOverall, technical indicators suggest the Dollar/Swiss has no obvious direction for the immediate future.
\\nThe Swiss franc started in 2021 by gaining 2.68%.
\\n\\n
\\n\\n\\n\\n\",\"\\nGoldman Sachs employees in U.S., UK to return to office by summer https://t.co/2xTJF08hNM pic.twitter.com/NW7gGhkOre
\\n— Reuters Business (@ReutersBiz) May 4, 2021
(Last update 2:11pm EST, May 4, 2021)
\\nThe Aussie/Dollar crashed after losing 55 pips, breaking down to 0.7706.
\\nThe Chart visual study suggests the nearest support level is at 0.7584, while the closest resistance is at 0.7796. In terms of trend indicators, we can see that at 0.7692, Aussie/Dollar made an initial breakout below the 50 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 0.7646 – a low enough level to usually suggest the Australian dollar is trading below its value.
\\nOverall, 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 Australian dollar.
\\nThe Aussie/Dollar started 2021 by gaining 0.22%.
\\n\\n
\\n\\n\\n\\n\\n\"],\"title\":\"Financial Markets Review – 4 May 2021 – 14:11:46\",\"date\":\"2021-05-04T18:11:46\"}"; var omg_ads = JSON.parse(decodeHtml(omg_ads_string)); } catch (e) { var omg_ads = JSON.parse(omg_ads_string); }Goldman Sachs employees in U.S., UK to return to office by summer https://t.co/2xTJF08hNM pic.twitter.com/NW7gGhkOre
\\n— Reuters Business (@ReutersBiz) May 4, 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\\\")
![](\\\"https://images.unsplash.com/photo-1523474253046-8cd2748b5fd2?ixlib=rb-1.2.1&q=80&fm=jpg&crop=entropy&cs=tinysrgb&w=1080&fit=max&ixid=eyJhcHBfaWQiOjE1NDYwM30\\\")
![](\\\"https://images.unsplash.com/photo-1530133532239-eda6f53fcf0f?ixlib=rb-1.2.1&q=80&fm=jpg&crop=entropy&cs=tinysrgb&w=1080&fit=max&ixid=eyJhcHBfaWQiOjE1NDYwM30\\\")
![](\\\"https://images.unsplash.com/photo-1529612700005-e35377bf1415?ixlib=rb-1.2.1&q=80&fm=jpg&crop=entropy&cs=tinysrgb&w=1080&fit=max&ixid=eyJhcHBfaWQiOjE1NDYwM30\\\")
![](\\\"https://images.unsplash.com/photo-1572191267783-5618f992aff5?ixlib=rb-1.2.1&q=80&fm=jpg&crop=entropy&cs=tinysrgb&w=1080&fit=max&ixid=eyJhcHBfaWQiOjE1NDYwM30\\\")
![](\\\"https://images.unsplash.com/photo-1588196749597-9ff075ee6b5b?ixlib=rb-1.2.1&q=80&fm=jpg&crop=entropy&cs=tinysrgb&w=1080&fit=max&ixid=eyJhcHBfaWQiOjE1NDYwM30\\\")
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