Steady Dollar/Yen holds at 108.84

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(Last update 10:11pm EST, May 20, 2021)

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Hesitant but green: from an earlier low of 108.76, Dollar/Yen is up to 108.84 gaining 7 pips compared to the 108.77 start of the day (0.07%).

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In terms of trend indicators, we can see that 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 109.73, indicating a downward move might be next. On the other hand note that Dollar/Yen might start to recover soon because it is getting close and is now only 98 pips from support line at 107.86, obviously dipping below it could be an indication that further losses are ahead.

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

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Dollar/Yen has started 2021 by gaining 5.5%.

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Japan's negative CPI result in April being blamed on plunge in mobile phone costs https://t.co/9v5Q5gHm0q
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— ForexLive (@ForexLive) May 21, 2021

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At 0.8965 Dollar/Swiss down to its lowest value in 2 months

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(Last update 10:11pm EST, May 20, 2021)

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After starting the day at 0.8973, Dollar/Swiss dropped 0 pips to 0.8965, reaching its lowest point in 2 months.

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As the day gets underway a chart visual study suggests Dollar/Swiss resistance level is at 0.9089. In terms of trend indicators, we can see 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. Asset volatility analysis shows that The lower Bollinger band is at 0.8952, indicating a positive move might be next.

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

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Dollar/Swiss has started 2021 by gaining 2.08%.

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Japan's negative CPI result in April being blamed on plunge in mobile phone costs https://t.co/9v5Q5gHm0q
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— ForexLive (@ForexLive) May 21, 2021

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Australian dollar slides down to 0.7757 after starting the day at 0.7774 (down 0.22%)

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(Last update 10:11pm EST, May 20, 2021)

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Aussie/Dollar slides down to 0.7757, following mixed behavior today, as it ranges between 0.7754 and 0.7778.

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As the day gets underway a chart visual study suggests nearest support level is at 0.7651, while the closest resistance is at 0.7796. In terms of trend indicators, we can see that at 0.7772, Australian dollar 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 0.7698 – a low enough level to usually suggest Australian dollar is trading below its value.

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

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Australian dollar has started 2021 by gaining 0.34%.

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Japan's negative CPI result in April being blamed on plunge in mobile phone costs https://t.co/9v5Q5gHm0q
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— ForexLive (@ForexLive) May 21, 2021

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