\\n
Nasdaq yesterday at a glance – The NASDAQ traded at 13,610.54 having started the session at 13,718.31, overall a 0.% move or 0. points The United States Initial Jobless Claims data will be released today at 1:30 PM, with an expected improvement to 830,000. Nasdaq reaction to indicator information will follow.
\\nNasdaq technical analysis picture ahead of data: The Chart pattern study shows the Nasdaq nearest support level is at 13,070.69. 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 13,784.39, indicating a downward move might be next.
\\nOverall, technical indicators suggest the Nasdaq has no obvious direction for the immediate future.
\\nAs the market gets ready for data release – Google hit a fresh record high at $2,093.18. Microsoft climbed to a new all-time high at $242.96. Apple lost $1.06 from the start of the session, trading at $133.94 levels.
\\nEarlier data releases related to Nasdaq – United States Crude Oil Inventories released earlier shows an improvement to -994,000 from the preceding data of -9.91 million, but falls short of the projected 446,000. Data for the United States ISM Non-Manufacturing PMI (Jan) released yesterday at 3:00 PM came out at 58.7, beating projections of 56.8 and showing improvement over the preceding figure of 57.7.
\\nComing Nasdaq – United States Non Farm Payrolls are projected to outperform last figure with 50,000, while it previously stood at -140,000, data will be released tomorrow at 1:30 PM. The United States Unemployment Rate is expected tomorrow at 1:30 PM.
\\nThe Nasdaq social media highlights:
\\n\\n\\n\\n\\n\",\"\\nThree cheers for our friends at @AltoIngredients, who rang the @Nasdaq Closing Bell this afternoon. Follow Alto Ingredients, Inc. under the new ticker: $ALTO.
\\nCongratulations! #NasdaqListed đź‘Źđź‘Źđź‘Ź pic.twitter.com/iHvriXE3D9
\\n— Nasdaq (@Nasdaq) February 3, 2021
(Last update 5:31am EST, February 4, 2021)
\\n\\nDow Jones yesterday at a glance – The Dow Jones traded steadily yesterday, ranging between 30,793.41 and 30,521.31 and closed at 30,723.6.
\\nVisual analysis of the Dow's price graph shows the Dow Jones resistance level is at 31,188.38. In terms of trend indicators, we can see that at 30,704.69, Dow made an initial breakout above the 10 day Simple Moving Average, an indication of a positive trend.
\\nOverall, looking at the technical analysis landscape, it seems Dow Jones might start pointing upward in the short term.
\\nThe Dow Jones started 2021 by gaining 0.38%.
\\n\\n
\\n\\n\\n\\n\",\"\\nThe Dow and S&P 500 ended slightly higher, registering a third straight session of gains https://t.co/7ujgxVF8Pn pic.twitter.com/OIlqlErJJQ
\\n— Reuters (@Reuters) February 4, 2021
(Last update 5:31am EST, February 4, 2021)
\\n\\nS&P yesterday at a glance – hesitant but green: from an early low of 3,816.68, S&P 500 went up to 3,830.17 and gained 3.86 points compared to the 3,826.31 start of the day (0.1%).
\\nVisual analysis of the S&P's price graph shows the S&P 500 resistance level is at 3,855.36. Asset volatility analysis shows that the upper Bollinger band is at 3,880.77, indicating a downward move might be next.
\\nOverall, looking at the technical analysis landscape, it seems the S&P 500 is likely to start pointing downward in the short term.
\\nThe S&P started 2021 by gaining 1.94%.
\\n\",\"\\n(Last update 5:31am EST, February 4, 2021)
\\n\\nApple yesterday at a glance – light red but with no obvious direction, Apple traded at $133.94 after ranging between $135.74 and $133.61. Trading volume was 82.76 million, below the daily average of 111.86 million.
\\nThe Chart pattern study shows the nearest support level is at $126.6 while the closest resistance is at $136.69. In terms of trend indicators, we can see that the MACD line is below the MACD signal line significantly, meaning the medium-term trend might turn positive.
\\nOverall, looking at the technical analysis landscape, it seems Apple might start pointing upward in the short term.
\\nWith a market cap of $2.25 trillion Apple started 2021 by gaining 0.93%. So far this year it is under-performing the S&P by 1%.
\\n\\n
\\n\\n\\n\\n\",\"\\nFutures rise slightly as Apple Car buzz lifts $AAPL, but iPhone chipmakers Qualcomm and Qorvo. PayPal jumps to new high, while eBay set to join several new breakouts. https://t.co/ZuHkuOW5ty $QCOM $QRVO $EBAY $PDD $DT $FTCH $ZI $GME $AMC pic.twitter.com/ySc3l69HGk
\\n— Ed Carson (@IBD_ECarson) February 4, 2021
(Last update 5:31am EST, February 4, 2021)
\\n\\nFacebook yesterday at a glance – Facebook closed at $266.65 with no clear-cut direction and ranged between $269.19 and $263.84. Trading volume was 14.22 million, below the daily average of 24.53 million.
\\nA Visual analysis of Facebook's price graph shows Facebook's nearest support level is at $245.64. In terms of trend indicators, we can see that at $264.6, Facebook made an initial breakout below the 21 day Simple Moving Average, an indication of a negative trend.
\\nOverall, looking at the technical analysis landscape, it seems Facebook is likely to start pointing downward in the short term.
\\nWith a market cap of $759.33 billion Facebook started 2021 by losing 2.44%. So far this year it is under-performing the S&P 500 by 4.38%.
\\n\\n
\\n\\n\\n\\n\",\"\\nMyanmar’s junta blocked Facebook in the name of ensuring stability and activists said at least three people were arrested at a street protest against the coup that ousted elected leader Aung San Suu Kyi https://t.co/9qsA5zJDUc
\\n— Reuters (@Reuters) February 4, 2021
(Last update 5:31am EST, February 4, 2021)
\\n\\nAmazon yesterday at a glance – After a mostly steady session, Amazon lost 2%, closing at $3,312.53. Trading volume was 7.09 million, above the daily average of 4.18 million.
\\nAmazon is down despite the fact that on Tuesday the company released its quarterly earnings, beating analysts' estimates. The company reported earnings of 14.09 per share on revenue of $125.56 billion, topping estimates of 7.16 per share on revenue of $119.68 billion.
\\nThe Chart pattern study shows Amazon's nearest support level is at $3,104.25. Asset volatility analysis shows that the upper Bollinger band is at $3,413.48 and the lower is $3,060.
\\nWith a market cap of $1.67 trillion Amazon has started 2021 by gaining 1.64%. So far this year it is under-performing the S&P by 0.3%.
\\n\\n
\\n\\n\\n\\n\",\"\\nAmazon plans AI-powered cameras in delivery vans to improve driver safety https://t.co/kltWDYM5TJ pic.twitter.com/NJuWqWyxlj
\\n— Reuters (@Reuters) February 4, 2021
(Last update 5:42am EST, February 4, 2021)
\\n\\nAfter opening at $239.51, Microsoft reached a record high of $245.09. Later, it lost $2.09 and closed at $243.
\\nVisual analysis of the Microsoft's price graph shows Microsoft immediate resistance is around $245.64, nearest support level is at $224.96. In terms of trend indicators we can see that The MACD line is above the MACD signal line significantly, meaning medium-term trend might turn negative. Asset volatility analysis shows that The upper Bollinger band is at $247.03, this is a slight indication of a slowdown. In contrast The Relative Strength Index indicates Microsoft is in overbought condition, keep an eye out for slowdown of gains.
\\nOverall, looking at the technical analysis landscape, it seems a reverse of course in the short term might be next for Microsoft
\\nWith a market cap of $1.83 trillion Microsoft has started 2021 by gaining 8.59%. So far this year it is outperforming the the Dow by 8.21%.
\\n\\n
\\n\\n\\n\\n\",\"\\nMicrosoft backs Australia's proposed media laws targeting Google and Facebook https://t.co/hK6uYvvvn8 pic.twitter.com/uUnRU785dy
\\n— Reuters (@Reuters) February 4, 2021
(Last update 5:42am EST, February 4, 2021)
\\n\\nGoogle yesterday at a glance – After starting yesterday at $1,927.51 Alphabet went up to $2,116.31 only to drop back to the half way point range, closing at $2,070. Trading volume was 4.12 million, above the daily average of 2.06 million.
\\nTuesday, Google released its quarterly earnings, beating analysts' estimates. The company reported earnings of 22.3 per share on revenue of $56.90 billion, topping estimates of 15.7 per share on revenue of $52.89 billion.
\\nA Visual analysis of Google's price graph shows Google's immediate resistance is around $2,117.72, nearest support level is at $1,917.24. 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. Momentum evaluation shows the Relative Strength Index indicates Google is in overbought condition, Keep an eye out for a slowdown of gains. On the other hand, note that a slight indication of a slowdown comes from looking at the Bollinger bands: the upper band is at $2,073 – a high enough level to usually suggest Google is trading above its value.
\\nOverall, looking at the technical analysis landscape, it seems Google is likely to continue pointing upward in the short term.
\\nWith a market cap of $1.39 trillion Google has started 2021 by gaining 16.51%. So far this year it is outperforming the S&P by 14.57%.
\\n\\n
\\n\\n\\n\\n\",\"\\nTwo Google engineers resign over firing of AI ethics researcher Timnit Gebru https://t.co/fiwGNOpsBm pic.twitter.com/RB7A2i7xz4
\\n— Reuters (@Reuters) February 4, 2021
(Last update 5:42am EST, February 4, 2021)
\\n\\nTesla yesterday at a glance – Tesla recovered back almost all the way to $872.79 after dipping down to $853.06. Trading volume was 18.34 million, below the daily average of 26.12 million.
\\nThe Chart visual study suggests Tesla's nearest support level is at $793.53, followed by $695 at the next level. Asset volatility analysis shows that the upper Bollinger band is at $899.78 and the lower is $803.97.
\\nWith a market cap of $810.16 billion Tesla started 2021 by gaining 17.07%. So far this year it is outperforming the Nasdaq by 11.76%.
\\n\\n
\\n\\n\\n\\n\",\"\\nTesla posted its first full year of net income in 2020 — but not because of sales to its customers.https://t.co/jRVrNZvH9B
\\n— CNN Business (@CNNBusiness) February 4, 2021
(Last update 5:42am EST, February 4, 2021)
\\n\\nZoom yesterday at a glance – Zoom went dark red after losing 2.9%, tumbling down to $380.47. Trading volume was 3.43 million, below the daily average of 4.08 million.
\\nVisual analysis of the Zoom's price graph shows Nearest support level is at $337.32. In terms of trend indicators we can see that At $390.34, Zoom made an initial breakout below the 50 day Simple Moving Average, an indication of a negative trend. Asset volatility analysis shows that The upper Bollinger band at $393.98, indicating a further downward move might be next.
\\nOverall, looking at the technical analysis landscape, it seems Zoom is likely to continue pointing down in the short term.
\\nWith a market cap of $111.06 billion Zoom has started 2021 by gaining 11%. So far this year it is outperforming the Nasdaq by 5.7%.
\\n\",\"\\n(Last update 5:42am EST, February 4, 2021)
\\n\\nNetflix yesterday at a glance – Netflix slid down from $548.16 to $539.45, taking a $8.71 loss (1.59%). Trading volume was 3.17 million, below the daily average of 6.09 million.
\\nThe Chart pattern study shows the nearest support level is at $494.25 while the closest resistance is at $586.34. In terms of trend indicators, we can see that at $539.86, Netflix made an initial breakout below the 3 day Simple Moving Average, an indication of a negative trend. Japanese Candlesticks formations detected today are the "Bearish engulfing”, when it appears on top of a bullish overall trend, as it is now, some traders would consider this as an indication of a reversal, of course.
\\nOverall, looking at the technical analysis landscape, it seems Netflix is likely to continue pointing down in the short term.
\\nWith a market cap of $238.92 billion Netflix started 2021 by losing 0.23%. So far this year it is under-performing the S&P by 2.17%.
\\n\\n
\\n\\n\\n\\n\",\"\\nNetflix went from DVD rentals to become a global streaming giant. Now its sights are set on Asia with plans to double spending on regional content. https://t.co/Tu7B5dbUGu pic.twitter.com/VddHaWG6sA
\\n— CNN Business (@CNNBusiness) February 4, 2021
(Last update 5:41am EST, February 4, 2021)
\\n\\nWalmart yesterday at a glance – After starting the session at $140.77 Walmart spiked to $142.05, dropped back to starting point range, and rallied again to $141.2. Trading volume was 4.98 million, below the daily average of 7.33 million.
\\nThe chart pattern study shows Walmart could be slowing down soon as it is approaching and is only $2.19 away from resistance at $143.39, of course, crossing it might suggest further gains are ahead. In terms of trend indicators, we can see that at $141.62, Walmart made an initial breakout above the 5 day Simple Moving Average, an indication of a positive trend. Asset volatility analysis shows that the upper Bollinger band is at $148.53 and the lower is $137.91.
\\nOverall, technical indicators suggest Walmart has no obvious direction for the immediate future.
\\nWith a market cap of $399.50 billion Walmart started 2021 by losing 2.1%. So far this year it is under-performing the Dow by 2.48%.
\\n\",\"\\n(Last update 5:41am EST, February 4, 2021)
\\n\\nProcter & Gamble yesterday at a glance – Procter & Gamble closed at $128.95 with no clear-cut direction and ranged between $129.19 and $127.75. Trading volume was 7.07 million, below the daily average of 7.94 million.
\\nVisual analysis of the Procter & Gamble's price graph shows Procter & Gamble's resistance level is at $133.09. In terms of trend indicators, we can see that at $128.94, Procter & Gamble made an initial breakout above the 5 day Simple Moving Average, an indication of a positive trend. Asset volatility analysis shows that the lower Bollinger band is at $126.82, indicating a positive move might be next.
\\nOverall, looking at the technical analysis landscape, it seems Procter & Gamble might start pointing upward in the short term.
\\nWith a market cap of $317.54 billion Procter & Gamble started 2021 by losing 7.91%. So far this year it is under-performing the Dow Jones by 8.29%.
\\n\",\"\\n(Last update 5:41am EST, February 4, 2021)
\\n\\nWalt Disney yesterday at a glance – light red, mostly flat: Walt Disney ranged between $178.43 and $175.76 and closed at $176.43. Trading volume was 5.35 million, below the daily average of 10.40 million.
\\nVisual analysis of the Walt Disney's price graph shows the nearest support level is at $163.03 while the closest resistance is at $181.18. 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 $179.54, indicating a further downward move might be next.
\\nOverall, the technical analysis suggests Walt Disney is neutral for the immediate future, with no clear-cut direction.
\\nWith a market cap of $320.09 billion Walt Disney started 2021 by losing 2.68%. So far this year it is under-performing the Dow Jones by 3.06%.
\\n\",\"\\n(Last update 5:42am EST, February 4, 2021)
\\n\\nCoca-Cola yesterday at a glance – light red but with no obvious direction, Coca-Cola traded at $48.77 after ranging between $49.09 and $48.67. Trading volume was 10.92 million, below the daily average of 15.71 million.
\\nVisual analysis of the Coca-Cola's price graph shows Coca-Cola immediate support is around $48.61, resistance level is at $49.96. In terms of trend indicators, we can see that at $48.86, Coca-Cola made an initial breakout below the 200 day Simple Moving Average, an indication of a negative trend. Asset volatility analysis shows that the upper Bollinger band is at $49.38, indicating a further downward move might be next.
\\nOverall, looking at the technical analysis landscape, it seems Coca-Cola is likely to continue pointing down in the short term.
\\nWith a market cap of $209.59 billion Coca-Cola started 2021 by losing 12.4%. So far this year it is under-performing the Dow by 12.78%.
\\n\",\"\\n(Last update 5:42am EST, February 4, 2021)
\\n\\nPfizer yesterday at a glance – light red but with no obvious direction, Pfizer traded at $34.84 after ranging between $35.29 and $34.78. Trading volume was 37.50 million, below the daily average of 43.17 million.
\\nTuesday, the company reported earnings of 0.42 per share, falling short of expectations of 0.5183. Revenue was also lower than expected at $11.68 billion versus $12.24 billion. Pfizer lost 95 cents since the release of its earnings report.
\\nThe Chart visual study suggests Pfizer's immediate support is around $34.65, resistance level is at $36.74. In terms of trend indicators, we can see that the CCI indicator is below -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. Momentum evaluation shows The Relative Strength Index indicates Pfizer is in oversold condition, allowing more gains. On the other hand, note that a slight indication of recovery comes from looking at the Bollinger bands: the lower band is at $34.33 – a low enough level to usually suggest Pfizer is trading below its value.
\\nOverall, looking at the technical analysis landscape – although indicators are mixed and some are pointing in different directions, it seems further drawbacks may be next for Pfizer.
\\nWith a market cap of $193.65 billion Pfizer started 2021 by losing 5.63%. So far this year it is under-performing the Dow Jones by 6%.
\\n\\n
\\n\\n\\n\\n\",\"\\nThere are around 4,000 variants of the virus that causes COVID-19 around the world now so all vaccine manufacturers including Pfizer and AstraZeneca are trying to improve their vaccines, a British minister said https://t.co/gZO8BdXlP5
\\n— Reuters (@Reuters) February 4, 2021
(Last update 5:22am EST, February 4, 2021)
\\n\\nMcDonald's yesterday at a glance – McDonald's slid down from $209.76 to $208.71, taking a $1.05 loss (0.5%). Trading volume was 3.00 million, below the daily average of 3.25 million.
\\nThe Chart visual study suggests McDonald'ss immediate support is around $207.77, resistance level is at $215.87. In terms of trend indicators, we can see that, although down today, worth noting that at $208.51 McDonald's did peak above the 3 day Simple Moving Average earlier, 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 $205.37 – a low enough level to usually suggest McDonald's is trading below its value.
\\nOverall, looking at the technical analysis landscape, it seems McDonald's might start pointing upward in the short term.
\\nWith a market cap of $155.51 billion McDonald's started 2021 by losing 2.8%. So far this year it is under-performing the Dow Jones by 3.18%.
\\n\",\"\\n(Last update 5:21am EST, February 4, 2021)
\\n\\nLight red, mostly flat: Bitcoin ranges between $38,549 and $36,972 and is now at $37,400.
\\nAsset volatility analysis shows that the upper Bollinger band is at $38,225 and the lower is $30,200.
\\nWith a market cap of 696.22 billion
\\n\\n
\\n\\n\\n\\n\",\"\\nBitcoin retains its pull as 60% of investors plan to buy in 2021 https://t.co/pPrb3uUplN by @MhariAurora pic.twitter.com/qHWOOxzxfk
\\n— Yahoo Finance (@YahooFinance) February 4, 2021
(Last update 5:22am EST, February 4, 2021)
\\n\\nGold slid down from $1,835 to $1,813.5, losing $21.5 (1.18%).
\\nA Visual analysis of Gold's price graph shows Gold's immediate support is around $1,809.6, resistance level is at $1,952.7. In terms of trend indicators, we can see that medium-term trend indications have 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 Gold has just crossed the lower Bollinger band at $1,817.67, indicating further loses might be next
\\nOverall, looking at the technical analysis landscape, it seems Gold is likely to continue pointing down in the short term.
\\nGold started 2021 by losing 3.32%.
\\n\\n
\\n\\n\\n\\n\",\"\\nGold under pressure as technical breakdown puts the spotlight on $1,800 https://t.co/YkhHX5inlT
\\n— ForexLive (@ForexLive) February 4, 2021
(Last update 5:22am EST, February 4, 2021)
\\n\\nAfter starting the day at $55.69 crude oil went up to $56.25 only to drop back to the half way point range and is now trading at $56.05.
\\nThe Chart visual study suggests crude oil immediate resistance is around $56.41, nearest support level is at $53.21. 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. Momentum evaluation shows the Relative Strength Index indicates crude is in overbought condition. However, a slight indication of a slowdown comes from looking at the Bollinger bands: the upper band is at $55.32 – a high enough level to usually suggest crude oil is trading above its value.
\\nOverall, looking at the technical analysis landscape, it seems Crude is likely to continue pointing upward in the short term.
\\nOil started 2021 by gaining 12.87%.
\\n\\n
\\n\\n\\n\\n\",\"\\nSaudi Arabia keeps oil pricing unchanged in March for Asia while raising prices for U.S. and Europe markets https://t.co/pyOwaq72dE
\\n— Bloomberg Markets (@markets) February 4, 2021
(Last update 5:21am EST, February 4, 2021)
\\n\\nAfter starting at 1.2042, EUR/USD dropped 47 pips and traded below the 1.2 level for the first time in 2 months.
\\nThe Chart visual study suggests the Euro's resistance level is at 1.2308. In terms of trend indicators, we can see that the CCI indicator is below -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 The Euro/Dollar has just crossed the lower Bollinger band at 1.2012, indicating further loses might be next
\\nOverall, looking at the technical analysis landscape, it seems the Euro is likely to continue pointing down in the short term.
\\nThe Euro/Dollar started 2021 by losing 1.43%.
\\n\\n
\\n\\n\\n\\n\",\"\\nEUR/USD falls to fresh session low below 1.2000, key support in focus https://t.co/LpT9Oaz9KK
\\n— ForexLive (@ForexLive) February 4, 2021
(Last update 6:11am EST, February 4, 2021)
\\n\\nGBP/USD recovered back almost all the way to 1.3639 after dipping down to 1.3571.
\\nVisual analysis of the The British Pound's price graph shows the pound might start to recover soon because it is getting close and is now only 68 pips from the support line at 1.3511, Obviously, dipping below it could be an indication that further losses are ahead. In terms of trend indicators, we can see that at 1.3649, pound/dollar made an initial breakout below the 21 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 1.3574 – a low enough level to usually suggest the British Pound is trading below its value.
\\nOverall, the technical analysis suggests the Pound is neutral for the immediate future, with no clear-cut direction.
\\nThe British Pound started in 2021 by gaining 0.03%.
\\n\\n
\\n\\n\\n\\n\",\"\\nBritain urges flexibility ahead of U.N. Cyprus talks https://t.co/CW0mLvBGvG pic.twitter.com/0fEsC3Txis
\\n— Reuters (@Reuters) February 4, 2021
(Last update 6:11am EST, February 4, 2021)
\\n\\nStarting the session at 105, USD/JPY rallied above 105.3 for the first time in 2 months, gaining 29 pips, and is now trading at 105.29.
\\nThe Chart visual study suggests the Dollar/Yen nearest support level is at 102.71. 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. Momentum evaluation shows The Relative Strength Index indicates the Dollar/Yen is in strong overbought condition. On the other hand, note that a slight indication of a slowdown comes from looking at the Bollinger bands: the upper band is at 105.44 – a high enough level to usually suggest the Yen is trading above its value.
\\nOverall, looking at the technical analysis landscape, it seems the Yen is likely to continue pointing upward in the short term.
\\nThe Yen started in 2021 by gaining 1.66%.
\\n\\n
\\n\\n\\n\\n\",\"\\nAnti-China activists in Japan call for boycott of Beijing 2022 Games https://t.co/jFWYV5dI02 pic.twitter.com/15WtcwI9jo
\\n— Reuters (@Reuters) February 4, 2021
(Last update 6:11am EST, February 4, 2021)
\\n\\nAfter starting at 0.8989 USD/CHF gained 32 pips and traded above the 0.9 level for the first time in 2 months.
\\nThe Chart pattern study shows the Dollar/Swiss nearest support level is at 0.8783. 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. Momentum evaluation shows The Relative Strength Index indicates the Dollar/Swiss is in strong overbought condition. Asset volatility analysis shows that the Swiss franc has just crossed the upper Bollinger band at 0.902, indicating further gains might be next.
\\nOverall, looking at the technical analysis landscape, it seems the Dollar/Swiss might continue pointing upwards in the short term.
\\nThe Swiss franc started in 2021 by gaining 1.39%.
\\n\",\"\\n(Last update 6:11am EST, February 4, 2021)
\\n\\nThe AUD/USD price varies between 0.7619 and 0.765 and settles at 0.7619.
\\nA Visual analysis of the Australian dollar's price graph shows the Australian dollar resistance level is at 0.778. In terms of trend indicators, we can see that at 0.7647, Aussie/Dollar made an initial breakout above the 3 day Simple Moving Average, an indication of a positive trend. Asset volatility analysis shows that the lower Bollinger band is at 0.7574, indicating a positive move might be next.
\\nOverall, looking at the technical analysis landscape, it seems the Aussie/Dollar might start pointing upward in the short term.
\\nThe Aussie/Dollar started 2021 by losing 1.13%.
\\n\\n
\\n\\n\\n\\n\\n\"],\"title\":\"Financial Markets Review – 4 February 2021 – 06:11:40\",\"date\":\"2021-02-04T11:11:40\"}"; var omg_ads = JSON.parse(decodeHtml(omg_ads_string)); } catch (e) { var omg_ads = JSON.parse(omg_ads_string); }Australia’s move to close its borders due to the coronavirus is wreaking havoc on its universities, which depend on foreign students’ tuition checks https://t.co/MDjlTElptw
\\n— The Wall Street Journal (@WSJ) February 4, 2021