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Dollar/Swiss slides down to 0.9219 (down 12 pips) after starting the day at 0.9232

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(Last update 6:11am EST, August 13, 2021)

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Dollar/Swiss slides down to 0.9219, following mixed behavior today, as it ranges between 0.9218 and 0.924.

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Chart pattern study shows nearest support level is at 0.9042. In terms of trend indicators, we can see that at 0.9225, Dollar/Swiss made an initial breakout below the 3 day Simple Moving Average, an indication of a negative trend. The MACD line is above the MACD signal line significantly, meaning medium-term trend might turn negative. 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 as Dollar/Swiss crossed the upper Bollinger band at 0.8266, a sign of a possible upward correction might be next.

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

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Dollar/Swiss has started this year by gaining 4.18%.

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Stable day for Aussie/Dollar, trading around 0.7342

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(Last update 6:11am EST, August 13, 2021)

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A mostly flat day so far for Aussie/Dollar ranging between 0.7352 and 0.7331 and is now at 0.7342.

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Australian dollar's graph levels to watch: Australian dollar might start to recover soon because it is getting close and is now only 13 pips from support line at 0.7328, obviously dipping below it could be an indication that further losses are ahead. 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. The MACD line is below the MACD signal line significantly, meaning 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 Australian dollar has just crossed the lower Bollinger band at 0.8247, indicating a downward move might be next

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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 this year by losing 4.88%.

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