\\n

\\n\",\"\\n

Dollar/Swiss goes down to 0.9155 after starting the day at 0.9232 (down 0.84%)

\\n

(Last update 6:11am EST, August 14, 2021)

\\n

\\n

Dollar/Swiss yesterday at a glance – Dollar/Swiss went dark red after losing 77 pips, tumbling down to 0.9155.

\\n

Chart visual study suggest Dollar/Swiss nearest support level is at 0.9042. In terms of trend indicators, we can see that at 0.9164, Dollar/Swiss made an initial breakout below the 50 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 0.8235, a sign of a possible upward correction might be next.

\\n

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

\\n

Dollar/Swiss started the year by gaining 3.3%.

\\n\",\"\\n

Aussie/Dollar up 35 pips, trading around 0.7372

\\n

(Last update 6:11am EST, August 14, 2021)

\\n

\\n

Aussie/Dollar yesterday at a glance – with a daily low of 0.7331, Aussie/Dollar closed at 0.7372 after starting the day at 0.7336 and gaining 35 pips (0.49%).

\\n

Aussie/Dollar chart analysis: Australian dollar could be slowing down soon because its getting close and is now only 31 pips from resistance line at 0.7403, yet crossing it might suggest further gains are ahead. In terms of trend indicators, we can see that even though currently pointing up, earlier the 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 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 is showing signs that a downward correction might be next, as it crossed the lower Bollinger band at 0.8261 On the other hand note that at 0.7364, Australian dollar made an initial breakout above 21 day Simple Moving Average, an indication of a positive trend. The MACD line is below the MACD signal line significantly, meaning medium-term trend might turn positive.

\\n

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

\\n

Australian dollar started the year by losing 4.58%.

\\n\\n\"],\"title\":\"Financial Markets Review – 14 August 2021 – 06:11:31\",\"date\":\"2021-08-14T10:11:31\"}"; var omg_ads = JSON.parse(decodeHtml(omg_ads_string)); } catch (e) { var omg_ads = JSON.parse(omg_ads_string); }