\\n

\\n\",\"\\n

Dollar/Yen goes back up to Apr 5 levels, reaching 109.96

\\n

(Last update 3:11am EST, May 28, 2021)

\\n

\\n

Starting the session at 109.8, Dollar/Yen rallied above 109.96 for the first time in 7 weeks, gaining 13 pips, and now trading at 109.93.

\\n

An analysis of Dollar/Yen chart suggests Dollar/Yen nearest support level is at 108.48. 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 109.93 – a high enough level to usually suggest Dollar/Yen is trading above its value.

\\n

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

\\n

Dollar/Yen started the year by gaining 5.39%.

\\n

\\n
\\n

Japan’s jobless rate rises, prices fall as pandemic pain persists https://t.co/6yXyhbOPDX pic.twitter.com/VpmxzSMuS6

\\n

— Reuters (@Reuters) May 28, 2021

\\n

\\n

\\n\",\"\\n

Dollar/Swiss gains 20 pips to erase previous losses, trading higher at 0.8985 after 3 months low

\\n

(Last update 3:11am EST, May 28, 2021)

\\n

\\n

Having started at 0.8966 Dollar/Swiss dropped to 0.8964, hitting its lowest point in 3 months, later it recovered 20 pips and is now trading at 0.8985.

\\n

Chart pattern study shows Dollar/Swiss could be slowing down soon because its getting close and is now only 103 pips from resistance line at 0.9089, 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 0.9076 – a high enough level to usually suggest Dollar/Swiss is trading above its value. In contrast at 0.8986, Dollar/Swiss made an initial breakout above 5 day Simple Moving Average, an indication of a positive trend.

\\n

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

\\n

Dollar/Swiss started the year by gaining 1.47%.

\\n\",\"\\n

Australian dollar down slightly to 0.7724 (down 13 pips) after starting the day at 0.7737

\\n

(Last update 3:11am EST, May 28, 2021)

\\n

\\n

Australian dollar down slightly to 0.7724, following mixed behavior today, as it ranges between 0.7716 and 0.7749.

\\n

In terms of trend indicators, we can see that at 0.7729, Australian dollar made an initial breakout below the 50 day Simple Moving Average, an indication of a negative trend. Asset volatility analysis shows that the upper Bollinger band at 0.7797, indicating a further downward move might be next. In contrast Australian dollar might start to recover soon because it is getting close and is now only 72 pips from support line at 0.7651, 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 drawback may be next for Aussie/Dollar.

\\n

Aussie/Dollar started the year by gaining 0.61%.

\\n\\n\"],\"title\":\"Financial Markets Review – 28 May 2021 – 03:11:20\",\"date\":\"2021-05-28T07:11:20\"}"; var omg_ads = JSON.parse(decodeHtml(omg_ads_string)); } catch (e) { var omg_ads = JSON.parse(omg_ads_string); }