\\n

\\n\",\"\\n

Dollar/Swiss slips to 0.9127 (down 38 pips) after starting the day at 0.9165

\\n

(Last update 2:11pm EST, August 23, 2021)

\\n

\\n

Late into the session Dollar/Swiss loses 38 pips(0.42%), currently trading at 0.9127.

\\n

Important graph levels to look out for: Dollar/Swiss might start to recover soon because it is getting close and is now only 85 pips from support line at 0.9042, obviously dipping below it could be an indication that further losses are ahead. In terms of trend indicators, we can see that at 0.9161, Dollar/Swiss made an initial breakout below the 50 day Simple Moving Average, an indication of a negative trend. Even though currently pointing down, earlier the medium-term trend indication has turned positive as the MACD (moving average convergence divergence) index generated a crossover buy signal. This occurs as the MACD line crosses above the MACD signal line. 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 Dollar/Swiss has just crossed the upper Bollinger band at 0.821, indicating 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 has started this year by gaining 3.51%.

\\n\",\"\\n

Australian dollar goes up to 0.7214 up 91 pips

\\n

(Last update 2:11pm EST, August 23, 2021)

\\n

\\n

Hesitant but green: from an earlier low of 0.7119, Aussie/Dollar is up to 0.7214 gaining 91 pips compared to the 0.7123 start of the day (1.29%).

\\n

Chart visual study suggest nearest resistance level is at 0.7403, followed by 0.7483 at the next level. In terms of trend indicators, we can see that at 0.7172, Aussie/Dollar made an initial breakout above 5 day Simple Moving Average, an indication of a positive trend. 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 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 is showing signs that a downward correction might be next, as it crossed the lower Bollinger band at 0.8206

\\n

overall, technical indicators suggest Aussie/Dollar has no obvious direction for the immediate future.

\\n

Australian dollar had a bad year so far, losing 7.89%.

\\n\\n\"],\"title\":\"Financial Markets Review – 23 August 2021 – 14:11:32\",\"date\":\"2021-08-23T18:11:32\"}"; var omg_ads = JSON.parse(decodeHtml(omg_ads_string)); } catch (e) { var omg_ads = JSON.parse(omg_ads_string); }