Dollar/Yen rallied beyond 110.2 for the first time in 7 weeks

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(Last update 3:11am EST, May 29, 2021)

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After starting the day at 109.8, Dollar/Yen rallied to 110.2, hitting its highest point in 7 weeks, it later lost 34 pips and closed at 109.86.

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Important graph levels to look out for: 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 the upper Bollinger band is at 109.91, indicating a downward move might be next.

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Overall, technical indicators suggest Dollar/Yen has no obvious direction for the immediate future.

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Dollar/Yen started the year by gaining 6%.

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Dollar/Swiss closes higher at 0.9 after it dropped 33 pips to 0.8964, hitting its lowest point in 3 months.

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(Last update 3:11am EST, May 29, 2021)

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Having started at 0.8966 Dollar/Swiss dropped to 0.8964, hitting its lowest point in 3 months, later it recovered 35 pips and it closed higher at 0.9.

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Important graph levels to look out for: Dollar/Swiss could be slowing down soon because its getting close and is now only 90 pips from resistance line at 0.9089, yet crossing it might suggest further gains are ahead. Asset volatility analysis shows that the upper Bollinger band is at 0.9074, this is a slight indication of a slowdown. On the other hand note that at 0.8995, Dollar/Swiss made an initial breakout above 10 day Simple Moving Average, an indication of a positive trend.

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

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Dollar/Swiss has started this year by gaining 1.38%.

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Australian dollar nudges down to 0.7713 after starting the day at 0.7737 (down 0.31%)

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(Last update 3:11am EST, May 29, 2021)

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Aussie/Dollar yesterday at a glance – Australian dollar slid down from 0.7737 to 0.7713, losing 24 pips (0.31%).

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Important graph levels to look out for: Australian dollar might start to recover soon because it is getting close and is now only 62 pips from support line at 0.7651, obviously dipping below it could be an indication that further losses are ahead. 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. 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 a slight indication of recovery comes from looking at the Bollinger bands: the lower band is at 0.7704 – a low enough level to usually suggest Aussie/Dollar is trading below its value.

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

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Aussie/Dollar started the year by gaining 0.62%.

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