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Dollar/Swiss goes back up to Apr 18 levels, reaching 0.9355

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(Last update 3:11pm EST, September 29, 2021)

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Starting the session at 0.9294, Dollar/Swiss rallied above 0.9355 for the first time in 5 months, gaining 51 pips, and now trading at 0.9346.

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Dollar/Swiss chart analysis: Dollar/Swiss broke through the 0.9324 resistance, and climbed above it 22 pips. In terms of trend indicators, we can see that 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 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 crossed the upper Bollinger band at 0.9344, a sign that possible further gains might be next.

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Overall, looking at the technical analysis landscape, it seems Dollar/Swiss likely to continue pointing upward in the short term.

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Dollar/Swiss has started this year by gaining 5%.

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Aussie/Dollar goes down to 0.7183 after starting the day at 0.7239 (down 0.77%)

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(Last update 3:11pm EST, September 29, 2021)

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After a mostly steady session Australian dollar loses 55 pips, trading at 0.7183.

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Australian dollar chart analysis: Aussie/Dollar might start to recover soon because it is getting close and is now only 75 pips from support line at 0.7108, obviously dipping below it could be an indication that further losses are ahead. In terms of trend indicators, we can see that although down today, it's worth noting that in earlier trading Australian dollar peaked above the 0.7257, usually an indication that a positive move is maybe ahead. Asset volatility analysis shows that a slight indication of recovery comes from looking at the Bollinger bands: the lower band is at 0.7172 – a low enough level to usually suggest Aussie/Dollar is trading below its value. However 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.

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Overall, looking at the technical analysis landscape – although indicators are mixed and some are pointing in different directions it seems Aussie/Dollar might reverse course and start pointing upward in the short term.

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Aussie/Dollar has started this year by losing 5.93%.

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