\\n

\\n\",\"\\n

S&P 500 made its largest single-day drop 89.06 points(2.14%) since Feb 25

\\n

(Last update 6:31pm EST, May 12, 2021)

\\n

\\n

The S&P 500 closed at 4,063 after making its largest single-day drop (89.06 points) since Feb 25.

\\n

Chart visual study suggests the nearest support level is at 3,889, while the closest resistance is at 4,211.47. 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 S&P 500 has just crossed the lower Bollinger band at 4,105, indicating further loses might be next In contrast, the MACD line is below the MACD signal line, 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 S&P

\\n

The S&P started 2021 by gaining 10.41%.

\\n

\\n
\\n

Facebook abandons plan to run digital currency from Switzerland https://t.co/EBX0J8SmmT

\\n

— Financial Times (@FT) May 12, 2021

\\n

\\n

\\n\",\"\\n

Apple is trading around $122.77 after losing 2.49% today

\\n

(Last update 6:31pm EST, May 12, 2021)

\\n

\\n

Apple today at a glance – the sleek phone manufacturer dropped 2.49% early on and stayed at the $122.77 range. Trading volume was 107.05 million, above the daily average of 90.49 million.

\\n

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 Apple is in oversold condition, allowing more gains. Asset volatility analysis shows that Apple has just crossed the lower Bollinger band at $124.25, indicating further loses might be next However, Apple might start to recover soon because it is getting closer and is now only $2.87 from the support line at $119.9, obviously dipping below it could be an indication that further losses are ahead. 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 Apple.

\\n

with a market cap of $2.05 trillion, The sleek phone manufacturer started in 2021 by losing 4.64%. So far this year it is under-performing the Nasdaq by 8.48%.

\\n

\\n
\\n

Facebook abandons plan to run digital currency from Switzerland https://t.co/EBX0J8SmmT

\\n

— Financial Times (@FT) May 12, 2021

\\n

\\n

\\n\",\"\\n

Facebook is trading around $302.55 after losing 1.3% today

\\n

(Last update 6:31pm EST, May 12, 2021)

\\n

\\n

Facebook today at a glance – the social media company recovered some but not all the way back to $306.53 after dipping down to $298.2. Trading volume was 23.08 million, above the daily average of 21.19 million.

\\n

The chart pattern study shows Facebook might start to recover soon because it is getting closer and is now only $9 from the support line at $293.54, Obviously, dipping below it could be an indication that further losses are ahead.

\\n

Overall, looking at the technical analysis landscape, it seems Facebook might start pointing upward in the short term.

\\n

With a market cap of $857.87 billion, The social media company started in 2021 by gaining 10.7%. So far this year it is outperforming the Nasdaq by 6.86%.

\\n

\\n
\\n

Facebook abandons plan to run digital currency from Switzerland https://t.co/EBX0J8SmmT

\\n

— Financial Times (@FT) May 12, 2021

\\n

\\n

\\n\",\"\\n

Amazon is trading around $3,152 after losing 2.23% today

\\n

(Last update 6:31pm EST, May 12, 2021)

\\n

\\n

Amazon today at a glance – Jeff Bezos’s company remained in the $3,152 range after starting the session at $3,224 and dropping 2.23%. Trading volume was 4.71 million, above the daily average of 4.33 million.

\\n

The Chart pattern study shows Amazon's immediate support is around $3,086, resistance level is at $3,471.31. 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 Amazon has just crossed the lower Bollinger band at $3,159.2, 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.

\\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 Amazon.

\\n

with a market cap of $1.59 trillion, The tech and retail multifaceted giant has started 2021 by losing 2.06%. So far this year it is under-performing the Nasdaq by 5.9%.

\\n

\\n
\\n

Facebook abandons plan to run digital currency from Switzerland https://t.co/EBX0J8SmmT

\\n

— Financial Times (@FT) May 12, 2021

\\n

\\n

\\n\",\"\\n

Microsoft down to $242.82 as trading session gets underway

\\n

(Last update 9:41am EST, May 12, 2021)

\\n

\\n

Microsoft is down to $242.82 having started the day at $242.16, overall a 1.38% loss or $3.41 today.

\\n

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. Momentum evaluation shows the Relative Strength Index has gone below 30, going into oversold conditions and 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 $242.59 – a low enough level to usually suggest Microsoft is trading below its value. On the other hand, note that 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.

\\n

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

\\n

With a market cap of $1.83 trillion, The iconic OS developer has started 2021 by gaining 10.06%. So far this year it is outperforming the Nasdaq by 6.22%.

\\n

\\n
\\n

Volatile Markets, Independent Fed?, U.S. Dollar, Trading Tesla, Southern Copper $XLB $XLC $XLK $FCX $TSLA $SCCO $WEN $DOX $BMBL $GRWG $SPX $COMP https://t.co/2iQhIKLj3j via @RealMoney

\\n

— Stephen Guilfoyle (@Sarge986) May 12, 2021

\\n

\\n

\\n\",\"\\n

Google down to $2,276 as trading session gets underway

\\n

(Last update 9:41am EST, May 12, 2021)

\\n

\\n

Google is down to $2,276 having started the day at $2,261.71, overall a 1.42% loss or $32.76 today.

\\n

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 Google has just crossed the lower Bollinger band at $2,280, indicating further loses might be next In contrast, the Relative Strength Index has gone below 30, going into oversold conditions and allowing more gains.

\\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 Google.

\\n

with a market cap of $1.51 trillion, The search engine giant started in 2021 by gaining 25.55%. So far this year it is outperforming the Nasdaq by 21.71%.

\\n

\\n
\\n

Volatile Markets, Independent Fed?, U.S. Dollar, Trading Tesla, Southern Copper $XLB $XLC $XLK $FCX $TSLA $SCCO $WEN $DOX $BMBL $GRWG $SPX $COMP https://t.co/2iQhIKLj3j via @RealMoney

\\n

— Stephen Guilfoyle (@Sarge986) May 12, 2021

\\n

\\n

\\n\",\"\\n

Tesla down to $609.72 as trading session gets underway

\\n

(Last update 9:41am EST, May 12, 2021)

\\n

\\n

Tesla is down to $609.72 having started the day at $599.24, overall a 1.21% loss or $7.48 today.

\\n

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 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 $603.02 – 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 $587.36 billion, The trendy electric car company started in 2021 by losing 12.42%. So far this year it is under-performing the Nasdaq by 16.26%.

\\n

\\n
\\n

Volatile Markets, Independent Fed?, U.S. Dollar, Trading Tesla, Southern Copper $XLB $XLC $XLK $FCX $TSLA $SCCO $WEN $DOX $BMBL $GRWG $SPX $COMP https://t.co/2iQhIKLj3j via @RealMoney

\\n

— Stephen Guilfoyle (@Sarge986) May 12, 2021

\\n

\\n

\\n\",\"\\n

Zoom slips to $291.49 as session gets underway

\\n

(Last update 9:41am EST, May 12, 2021)

\\n

\\n

Zoom is down to $291.49 having started the day at $273.91, overall a 2.92% loss or $8.76 today.

\\n

Momentum evaluation shows the Relative Strength Index has gone below 30, going into oversold conditions and 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 $278.13 – a low enough level to usually suggest Zoom is trading below its value.

\\n

Overall, looking at the technical analysis landscape, it seems Zoom might start pointing upward in the short term.

\\n

With a market cap of $85.83 billion, The video communications platform provider started in 2021 by losing 16.26%. So far this year it is under-performing the Nasdaq by 20.1%.

\\n

\\n
\\n

Volatile Markets, Independent Fed?, U.S. Dollar, Trading Tesla, Southern Copper $XLB $XLC $XLK $FCX $TSLA $SCCO $WEN $DOX $BMBL $GRWG $SPX $COMP https://t.co/2iQhIKLj3j via @RealMoney

\\n

— Stephen Guilfoyle (@Sarge986) May 12, 2021

\\n

\\n

\\n\",\"\\n

Netflix down to $490.63 as trading session gets underway

\\n

(Last update 9:41am EST, May 12, 2021)

\\n

\\n

Netflix is down to $490.63 having started the day at $486.83, overall a 0.9% loss or $4.45 today.

\\n

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 $485.22 – a low enough level to usually suggest Netflix is trading below its value.

\\n

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

\\n

With a market cap of $217.55 billion, The streaming heavyweight started in 2021 by losing 10.92%. So far this year it is under-performing the Nasdaq by 14.76%.

\\n

\\n
\\n

Volatile Markets, Independent Fed?, U.S. Dollar, Trading Tesla, Southern Copper $XLB $XLC $XLK $FCX $TSLA $SCCO $WEN $DOX $BMBL $GRWG $SPX $COMP https://t.co/2iQhIKLj3j via @RealMoney

\\n

— Stephen Guilfoyle (@Sarge986) May 12, 2021

\\n

\\n

\\n\",\"\\n

Walmart made its largest single-day drop $2.77(1.98%) since Feb 18

\\n

(Last update 12:51pm EST, May 12, 2021)

\\n

\\n

The discount department and warehouse stores were down by $2.77. This is the largest single day drop since Feb 18

\\n

The Chart pattern study shows the nearest support level is at $130, while the closest resistance is at $141.2. In 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. Asset volatility analysis shows that Walmart has just crossed the lower Bollinger band at $137.09, indicating further loses might be next

\\n

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

\\n

With a market cap of $384.84 billion, The discount department and warehouse stores chain started in 2021 by losing 2.39%. So far this year it is under-performing the Dow Jones by 14.46%.

\\n\",\"\\n

Procter & Gamble down slightly to $136.39 (down 0.44%) after starting the day at $137

\\n

(Last update 12:51pm EST, May 12, 2021)

\\n

\\n

The consumer goods corporation is recovering, but not yet all the way back to $137 after dipping down to $135.71.

\\n

Procter & Gamble's graph levels to watch: nearest support level is at $131.18, while the closest resistance is at $137.75. Momentum evaluation shows The Relative Strength Index indicates Procter & Gamble is in overbought condition. Asset volatility analysis shows that the upper Bollinger band is at $138.33, indicating a further downward move might be next.

\\n

Overall, technical indicators suggest Procter & Gamble has no obvious direction for the immediate future.

\\n

With a market cap of $333.91 billion, The consumer goods company started 2021 by losing 1.07%. So far this year it is under-performing the Dow by 13.14%.

\\n\",\"\\n

Walt Disney hits $178.2, its lowest rate in 3 months

\\n

(Last update 12:51pm EST, May 12, 2021)

\\n

\\n

After opening at $181.67, the entertainment giant dropped to its lowest point in 3 months at $178.2. It later recovered 62 cents and closed at $178.83.

\\n

Walt Disney is scheduled to announce earnings results tomorrow. The consensus Earnings Per Share estimate is 0.2707 and the consensus revenue estimate is $15.86 billion.

\\n

Visual analysis of the Walt Disney's price graph shows Walt Disney fell below the $181.51 support zone and receded $2.68 away from it. 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 Walt Disney has just crossed the lower Bollinger band at $179.2, indicating further loses might be next

\\n

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

\\n

With a market cap of $324.62 billion, The entertainment giant started in 2021 by gaining 1.72%. So far this year it is under-performing the Dow by 10.35%.

\\n\",\"\\n

Stable day for Coca-Cola, trading around $54.3

\\n

(Last update 12:51pm EST, May 12, 2021)

\\n

\\n

The soft drink company recovered back to $54.3 after dipping down to $53.88 in a session that started at $54.32.

\\n

The chart pattern study shows Coca-Cola might start to recover soon because it is getting closer and is now only 71 cents from the support line at $53.58, Obviously, dipping below it could be an indication that further losses are ahead. Asset volatility analysis shows that the upper Bollinger band is at $54.94, indicating a downward move might be next.

\\n

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

\\n

With a market cap of $234.12 billion, The soft drink company started in 2021 by gaining 0.13%. So far this year it is under-performing the Dow by 11.94%.

\\n\",\"\\n

Pfizer goes up to $39.69 up 0.86%

\\n

(Last update 12:51pm EST, May 12, 2021)

\\n

\\n

Pfizer is rallying again to $39.69 (up 33 cents), after erasing earlier rally gains.

\\n

Visual analysis of Pfizer's price graph shows Pfizer could be slowing down soon because its getting close and is now only 28 cents from the resistance line at $39.97, yet 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 $40.4 – a high enough level to usually suggest Pfizer is trading above its value.

\\n

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

\\n

With a market cap of $221.40 billion, The pharmaceuticals and biotechnology company started in 2021 by gaining 7.75%. So far this year it is under-performing the Dow by 4.32%.

\\n\",\"\\n

McDonald's made its largest single-day drop of $5.64(2.41%) since Jan 27

\\n

(Last update 3:51pm EST, May 12, 2021)

\\n

\\n

The fast food giant was down by $5.64. This is the largest single day drop since Jan 27

\\n

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 McDonald's has just crossed the lower Bollinger band at $229.76, indicating further loses might be next In contrast, McDonald's might start to recover soon because it is getting closer and is now only $4.08 from the support line at $224.14, 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 McDonald's

\\n

with a market cap of $172.66 billion, The fast food giant started in 2021 by gaining 9.63%. So far this year it is under-performing the Dow by 2.44%.

\\n

\\n
\\n

Sour mood spreads to crypto as bitcoin nears the lows of the month https://t.co/Vrl4EwlMFX

\\n

— ForexLive (@ForexLive) May 12, 2021

\\n

\\n

\\n\",\"\\n

Losing streak continues: Bitcoin lost $2,500 to $54,300 adding to its four consecutive days of drops

\\n

(Last update 3:51pm EST, May 12, 2021)

\\n

\\n

After a mostly steady session, Bitcoin lost $2,500, trading at $54,300.

\\n

As the day reaches an end, a chart visual study suggests 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 $56,833, Bitcoin 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.

\\n

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

\\n

With a market cap of 1.02 trillion, Bitcoin started in 2021 by gaining 46.64%.

\\n

\\n
\\n

Sour mood spreads to crypto as bitcoin nears the lows of the month https://t.co/Vrl4EwlMFX

\\n

— ForexLive (@ForexLive) May 12, 2021

\\n

\\n

\\n\",\"\\n

After five days of going up, Gold down $16.3 today

\\n

(Last update 3:51pm EST, May 12, 2021)

\\n

\\n

Late in the session, Gold lost $16.3(0.89%), currently trading at $1,819.7

\\n

As the day reaches an end, a chart visual study suggests Gold's nearest support level is at $1,684. In terms of trend indicators, we can see that although down today, it's worth noting that at $1,841.18 Gold did peak above the 200 day Simple Moving Average earlier, usually an indication that a positive move is maybe 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. However, the upper Bollinger band at $1,846, indicating a further downward move might be next.

\\n

Overall, 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.

\\n

Gold started 2021 by losing 3.08%.

\\n

\\n
\\n

Sour mood spreads to crypto as bitcoin nears the lows of the month https://t.co/Vrl4EwlMFX

\\n

— ForexLive (@ForexLive) May 12, 2021

\\n

\\n

\\n\",\"\\n

Oil drifts up to $65.77 after starting the day at $65.46 (up 0.48%)

\\n

(Last update 3:51pm EST, May 12, 2021)

\\n

\\n

After starting the day at $65.46 crude oil went up to $66.61 only to drop back, yet is still positive overall today, trading now at $65.77.

\\n

As the day reaches an end, a chart visual study suggests oil immediate resistance is around $66.07, nearest support level is at $63.48. In terms of trend indicators, we can see that although up today, it's worth noting that earlier crude oil dropped below the 5 day Simple Moving Average as it was trading at $65.2, 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 $66.66 – a high enough level to usually suggest oil is trading above its value. On the other hand, note 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.

\\n

Overall, looking at the technical analysis landscape, it seems a reverse of course in the short term might be next for oil.

\\n

Oil started in 2021 by gaining 25%.

\\n

\\n
\\n

Sour mood spreads to crypto as bitcoin nears the lows of the month https://t.co/Vrl4EwlMFX

\\n

— ForexLive (@ForexLive) May 12, 2021

\\n

\\n

\\n\",\"\\n

Euro withdraws to 1.2074 after starting the day at 1.2149 (down 0.61%)

\\n

(Last update 3:51pm EST, May 12, 2021)

\\n

\\n

The Euro/Dollar dropped 74 pips early on and is steady at the 1.2074 range.

\\n

In terms of trend indicators, we can see that at 1.2073, Euro/Dollar 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. Asset volatility analysis shows that the upper Bollinger band is at 1.2192, indicating a further downward move might be next. However, Euro/Dollar might start to recover soon because it is getting closer and is now only 68 pips from the support line at 1.2006, 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 Euro

\\n

The Euro started 2021 by losing 0.39%.

\\n

\\n
\\n

Sour mood spreads to crypto as bitcoin nears the lows of the month https://t.co/Vrl4EwlMFX

\\n

— ForexLive (@ForexLive) May 12, 2021

\\n

\\n

\\n\",\"\\n

A slow down? after five days of going up, The British Pound is flat today, hovering around 1.4063

\\n

(Last update 7:11pm EST, May 12, 2021)

\\n

\\n

After starting the day at 1.4053 GBP/USD went up to 1.407 only to drop back to the half way point range and is now trading at 1.4063.

\\n

As the day reaches an end, a chart visual study suggests the Pound's nearest support level is at 1.3905. Asset volatility analysis shows that the upper Bollinger band is at 1.4151, indicating a downward move might be next.

\\n

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

\\n

The Pound started in 2021 by gaining 2.58%.

\\n

\\n
\\n

French watchdog expects Britain to diverge from EU on financial rules https://t.co/1zlTwHP2P6 pic.twitter.com/2KV0FkOjyY

\\n

— Reuters (@Reuters) May 12, 2021

\\n

\\n

\\n\",\"\\n

Dollar/Yen holds at 109.67

\\n

(Last update 7:11pm EST, May 12, 2021)

\\n

\\n

After dropping down to 109.61, dollar/yen recovered some losses and is currently trading at 109.67.

\\n

As the day reaches an end, a chart visual study suggests the dollar/yen is climbing away and is now 181 pips from the 107.86 support line. In terms of trend indicators, we can see that at 109.1, dollar/yen made an initial breakout above the 50 day Simple Moving Average, an indication of a positive trend. 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. 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 109.65, indicating gains might be next

\\n

Overall, looking at the technical analysis landscape, it seems the Dollar/Yen might be pointing upward in the short term.

\\n

The Dollar/Yen started in 2021 by gaining 4.8%.

\\n

\\n
\\n

French watchdog expects Britain to diverge from EU on financial rules https://t.co/1zlTwHP2P6 pic.twitter.com/2KV0FkOjyY

\\n

— Reuters (@Reuters) May 12, 2021

\\n

\\n

\\n\",\"\\n

A slow down? after three days of going up, Dollar/Swiss is flat today, hovering around 0.909

\\n

(Last update 7:11pm EST, May 12, 2021)

\\n

\\n

The Dollar/Swiss recovered back to 0.909 after dipping down to 0.9084 in a session that started at 0.9092.

\\n

As the day reaches an end, a chart visual study suggests the Dollar/Swiss resistance level is at 0.924. In terms of trend indicators, we can see that at 0.9072, Dollar/Swiss 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 0.9166, indicating a downward move might be next.

\\n

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

\\n

Dollar/Swiss started in 2021 by gaining 1.76%.

\\n

\\n
\\n

French watchdog expects Britain to diverge from EU on financial rules https://t.co/1zlTwHP2P6 pic.twitter.com/2KV0FkOjyY

\\n

— Reuters (@Reuters) May 12, 2021

\\n

\\n

\\n\",\"\\n

Australian dollar hovers around 0.7732

\\n

(Last update 7:11pm EST, May 12, 2021)

\\n

\\n

After starting the day at 0.7727, the Aussie/Dollar went up to 0.774 only to drop back to the half way point range and is now trading at 0.7732.

\\n

As the day reaches an end, a chart visual study suggests the Australian dollar might start to recover soon because it is getting closer and is now only 81 pips from the support line at 0.7651, Obviously, dipping below it could be an indication that further losses are ahead. Asset volatility analysis shows that the lower Bollinger band is at 0.7666, indicating a positive move might be next. On the other hand, note that at 0.7751, Aussie/Dollar made an initial breakout below the 21 day Simple Moving Average, an indication of a negative trend.

\\n

Overall, looking at the technical analysis landscape, it seems the Aussie/Dollar might be pointing upward in the short term.

\\n

The Aussie/Dollar started 2021 by gaining 2.08%.

\\n

\\n
\\n

French watchdog expects Britain to diverge from EU on financial rules https://t.co/1zlTwHP2P6 pic.twitter.com/2KV0FkOjyY

\\n

— Reuters (@Reuters) May 12, 2021

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