\\n

\\n\",\"\\n

Trend reversal? After six days of going up, Dow Jones is down 67.76 points today

\\n

(Last update 10:51am EST, February 9, 2021)

\\n

\\n

The Dow Jones slid down from 31,385.76 to 31,318, taking a 67.76 points loss (0.22%).

\\n

Visual analysis of the Dow Jones's price graph shows Dow Jones might start to recover soon because it is getting closer and is now only 129.74 points from the support line at 31,188.38, Obviously, dipping below it could be an indication that further losses are ahead. 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. In contrast, the upper Bollinger band at 31,593.64, indicating a further downward move might be next.

\\n

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

\\n

The Dow Jones started 2021 by gaining 2.48%.

\\n

\\n
\\n

What to watch today: Dow set to drop after record close, six session win streak https://t.co/cZWaMYDSnL

\\n

— CNBC (@CNBC) February 9, 2021

\\n

\\n

\\n\",\"\\n

A slow down? After six days of going up, S&P 500 is flat today, hovering around 3,911

\\n

(Last update 10:51am EST, February 9, 2021)

\\n

\\n

The S&P 500 price varies between 3,902.64 and 3,914.31 and settles at 3,911.

\\n

The Chart visual study suggests the S&P might start to recover soon because it is getting close and is now only 55.55 points from the support line at 3,855.36, Obviously, dipping below it could be an indication that further losses are ahead. In terms of trend indicators, we can see that the MACD line is above the MACD signal line significantly, meaning the 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 the upper Bollinger band is at 3,927, indicating a downward move might be next.

\\n

Overall, the technical analysis picture suggests S&P is neutral for the immediate future, with no clear-cut direction.

\\n

The S&P 500 started 2021 by gaining 4.07%.

\\n\",\"\\n

Apple inches to $137.59 up 0.49%

\\n

(Last update 10:51am EST, February 9, 2021)

\\n

\\n

Hesitant but green: from an earlier low of $136.5, Apple is up to $137.59 gaining 67 cents compared to the $136.91 start of the day (0.49%).

\\n

The Chart visual study suggests the nearest resistance level is at $143.16. In terms of trend indicators, we can see that although up today, worth noting that earlier Apple dropped below the 3 day Simple Moving Average when it was trading at $137, usually an indication that a negative trend is ahead.

\\n

Overall, looking at the technical analysis landscape, it seems Apple is likely to reverse course and start pointing down in the short term.

\\n

With a market cap of $2.31 trillion Apple started 2021 by gaining 3.08%. So far this year it is under-performing the S&P by 1%.

\\n

\\n
\\n

Apple iPhone 12 mini sales slow as smaller smartphones lose appeal – report https://t.co/If6DsqwT1d pic.twitter.com/BirwBD6RKg

\\n

— Reuters (@Reuters) February 9, 2021

\\n

\\n

\\n\",\"\\n

Facebook moves up to $272.26 up 2.13%

\\n

(Last update 10:51am EST, February 9, 2021)

\\n

\\n

With a daily low of $265.75, Facebook holds at $272.26 after starting the day at $266.58 and gaining $5.68 (2.13%).

\\n

A Visual analysis of Facebook's price graph shows the nearest resistance level is at $282.05. In terms of trend indicators, we can see that at $270.77, Facebook made an initial breakout above the 50 day Simple Moving Average, an indication of a positive trend. The Asset volatility analysis shows that the upper Bollinger band is at $282.06 and the lower is $253.47. 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.

\\n

Overall, the technical analysis suggests Facebook is neutral for the immediate future, with no clear-cut direction.

\\n

With a market cap of $775.31 billion Facebook started 2021 by losing 2.47%. So far this year it is under-performing the S&P 500 by 6.54%.

\\n

\\n
\\n

Facebook said it will expand a list of false health claims it bans from the platform to include debunked claims about COVID-19. The company said it would also help users find where and when they can receive the coronavirus vaccine https://t.co/OHO4SagXA1 $FB pic.twitter.com/LI51bgvAla

\\n

— Reuters (@Reuters) February 9, 2021

\\n

\\n

\\n\",\"\\n

Stable day for Amazon, trading around $3,318

\\n

(Last update 10:51am EST, February 9, 2021)

\\n

\\n

Amazon is trading steadily today, ranging between $3,337 and $3,308.22 and is now at $3,318.

\\n

A Visual analysis of Amazon's price graph shows Amazon's nearest support level is at $3,104.25. Asset volatility analysis shows that the upper Bollinger band is at $3,432 and the lower is $3,109.37.

\\n

With a market cap of $1.67 trillion Amazon has started 2021 by gaining 2%. So far this year it is under-performing the S&P 500 by 2.08%.

\\n

\\n
\\n

WATCH: Senator rips Amazon in blistering Senate floor speech https://t.co/AS9DMb7cwB pic.twitter.com/3triFDNfN6

\\n

— Forbes (@Forbes) February 9, 2021

\\n

\\n

\\n\",\"\\n

After starting the day at $242.47, Microsoft rose to $244.11 (up 0.68%)

\\n

(Last update 10:56am EST, February 9, 2021)

\\n

\\n

With a daily low of $241.38, Microsoft holds at $244.11 after starting the day at $242.47 and gaining $1.64 (0.68%).

\\n

Visual analysis of the Microsoft's price graph shows Microsoft immediate resistance is around $245.19, 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 the medium-term trend might turn negative. Momentum evaluation shows The Relative Strength Index shows Microsoft has gone up above 70 going into overbought territory. Asset volatility analysis shows that a slight indication of a slowdown comes from looking at the Bollinger bands: the upper band is at $247.65 – a high enough level to usually suggest Microsoft is trading above its value.

\\n

Overall, looking at the technical analysis landscape, it seems Microsoft is likely to reverse course and start pointing down in the short term.

\\n

With a market cap of $1.84 trillion Microsoft started 2021 by gaining 8.27%. So far this year it is outperforming the Dow by 5.79%.

\\n\",\"\\n

Google inches to $2,099.49 up 0.31%

\\n

(Last update 10:56am EST, February 9, 2021)

\\n

\\n

Alphabet posts light gains on a low-volatility day, ranging between $2,105 and $2,078.54 and is now at $2,099.49.

\\n

The Chart visual study suggests Google's immediate resistance is around $2,120.3, nearest support level is at $1,917.24. Momentum evaluation shows the Relative Strength Index indicates Google is in overbought condition, Keep an eye out for a slowdown of gains.

\\n

Overall, looking at the technical analysis landscape, it seems Google might continue pointing upwards in the short term.

\\n

With a market cap of $1.41 trillion Google has started 2021 by gaining 16.29%. So far this year it is outperforming the S&P by 12.22%.

\\n\",\"\\n

Tesla edged to $848.6 (down 1.72%) after starting the day at $863.42

\\n

(Last update 10:56am EST, February 9, 2021)

\\n

\\n

Tesla slidden down from $863.42 to $848.6, taking a $14.82 loss (1.72%).

\\n

The Chart pattern study shows Tesla's nearest support level is at $793.53, followed by $695 at the next level. In terms of trend indicators, we can see that at $849.66, Tesla made an initial breakout below the 21 day Simple Moving Average, an indication of a negative trend. Asset volatility analysis shows that a slight indication of recovery comes from looking at the Bollinger bands: the lower band is at $805.89 – a low enough level to usually suggest Tesla is trading below its value.

\\n

Overall, the technical analysis suggests Tesla is neutral for the immediate future, with no clear-cut direction.

\\n

With a market cap of $814.53 billion Tesla started 2021 by gaining 18.27%. So far this year it is outperforming the Nasdaq by 10.41%.

\\n

\\n
\\n

Bitcoin surged to an all time high of $48,000 as Tesla signals its confidence https://t.co/G3Dfznjxoa pic.twitter.com/3omC0PjmnU

\\n

— Forbes (@Forbes) February 9, 2021

\\n

\\n

\\n\",\"\\n

Zoom hovers around $413

\\n

(Last update 10:57am EST, February 9, 2021)

\\n

\\n

Zoom is trading at $413 with no clear-cut direction, ranging between $418.61 and $410.31.

\\n

Visual analysis of the Zoom's price graph shows Zoom's nearest support level is at $337.32. Momentum evaluation shows the Relative Strength Index shows Zoom has gone up above 70 going into overbought territory. Asset volatility analysis shows that the upper Bollinger band is at $422.75, indicating a downward move might be next. In contrast, 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.

\\n

Overall, looking at the technical analysis landscape, it seems Zoom might be pointing down in the short term.

\\n

With a market cap of $120.54 billion Zoom started in 2021 by gaining 17.89%. So far this year it is outperforming the Nasdaq by 10.03%.

\\n\",\"\\n

Netflix moves up to $556.4 up 1.55%

\\n

(Last update 10:56am EST, February 9, 2021)

\\n

\\n

After starting the day at $547.92 Netflix went up to $566 only to drop back to the half way point range and is now trading at $556.4.

\\n

The chart pattern study shows although Netflix is green today and was as high as $566, it seems to be slowing down slightly and moving away from the $586.34 resistance line, and is now $29.94 below it. Asset volatility analysis shows that a slight indication of a slowdown comes from looking at the Bollinger bands: the upper band is at $565.93 – a high enough level to usually suggest Netflix is trading above its value. However, at $550.29, Netflix made an initial breakout above the 3 day Simple Moving Average, an indication of a positive trend.

\\n

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

\\n

With a market cap of $246.43 billion Netflix started in 2021 by gaining 1.31%. So far this year it is under-performing the S&P 500 by 2.76%.

\\n\",\"\\n

Walmart is growing its six-day winning streak and is trading at $145.88, gaining 0.59%.

\\n

(Last update 10:41am EST, February 9, 2021)

\\n

\\n

Start of session at a glance – Hesitant but green: from an earlier low of $144.58, Walmart is up to $145.88 gaining 84 cents compared to the $145.03 start of the day (0.59%).

\\n

Visual analysis of Walmart's price graph shows that although Walmart is green today and was as high as $146.32, it seems to be slowing down slightly and moving away from the $148.97 resistance line, and is now $3.09 below it. In terms of trend indicators, we can see that at $146.07, Walmart made an initial breakout above the 50 day Simple Moving Average, an indication of a positive trend. 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. Momentum evaluation shows the Relative Strength Index is holding below 30, This means it is in oversold condition and indicates possible room for more gains. Asset volatility analysis shows that the upper Bollinger band is at $148, This is a slight indication of a slowdown.

\\n

Overall, the technical analysis suggests Walmart is neutral for the immediate future, with no clear-cut direction.

\\n

With a market cap of $412.74 billion Walmart started 2021 by gaining 0.61%. So far this year it is under-performing the Dow by 1.87%.

\\n

\\n
\\n

President Biden will meet with leading CEO including JPMorgan's Jamie Dimon and Walmart's Doug McMillon to boost support for his virus rescue plan https://t.co/x3ZTgwqP3a

\\n

— Bloomberg (@business) February 9, 2021

\\n

\\n

\\n\",\"\\n

Procter & Gamble nudges to $128.56 as the session gets underway

\\n

(Last update 10:41am EST, February 9, 2021)

\\n

\\n

Start of session at a glance – Procter & Gamble slides down from $129.17 to $128.56, losing 60 cents (0.47%).

\\n

Visual analysis of the Procter & Gamble's price graph shows Procter & Gamble's immediate support is around $128.15, resistance level is at $133.09. In terms of trend indicators, we can see that at $129.45, Procter & Gamble made an initial breakout below the 10 day Simple Moving Average, an indication of a negative trend. Asset volatility analysis shows that a slight indication of recovery comes from looking at the Bollinger bands: the lower band is at $126.77 – a low enough level to usually suggest Procter & Gamble is trading below its value.

\\n

Overall, the technical analysis suggests Procter & Gamble is neutral for the immediate future, with no clear-cut direction.

\\n

With a market cap of $316.59 billion Procter & Gamble started 2021 by losing 7.72%. So far this year it is under-performing the Dow by 10.2%.

\\n\",\"\\n

After three days of going up, Walt Disney is down 1.26% today.

\\n

(Last update 10:41am EST, February 9, 2021)

\\n

\\n

Start of session at a glance – Walt Disney weakened earlier in the trade session before moving off the $186.04 low and recovering almost back to $190.

\\n

Visual analysis of the Walt Disney's price graph shows Walt Disney's nearest support level is at $181.18, followed by $163.03 at the next level. 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 Walt Disney is in overbought condition.

\\n

Overall, looking at the technical analysis landscape, it seems Walt Disney might start pointing upward in the short term.

\\n

With a market cap of $340.36 billion Walt Disney started 2021 by gaining 4.64%. So far this year it is outperforming the Dow Jones by 2.16%.

\\n\",\"\\n

Coca-Cola drifted 0.22% ahead of the quarterly report tomorrow

\\n

(Last update 10:41am EST, February 9, 2021)

\\n

\\n

Start of session at a glance – Coca-Cola recovering back almost all the way to $49.92 after dipping down to $49.63.

\\n

Coca-Cola is scheduled to announce earnings results tomorrow. The consensus Earnings Per Share estimate is 0.4178 and the consensus revenue estimate is $8.61 billion.

\\n

The Chart pattern study shows the nearest support level is at $48.15 while the closest resistance is at $52.76. 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 $50.15, indicating a further downward move might be next.

\\n

Overall, technical indicators suggest Coca-Cola has no obvious direction for the immediate future.

\\n

With a market cap of $214.06 billion Coca-Cola started 2021 by losing 9.86%. So far this year it is under-performing the Dow by 12.34%.

\\n\",\"\\n

Pfizer (New York Stock Exchange:PFE) started the session by gaining 0.27% to $34.91

\\n

(Last update 10:41am EST, February 9, 2021)

\\n

\\n

Start of session at a glance – light green, mostly flat: Pfizer ranges between $35 and $34.75 and is now at $34.91.

\\n

The chart pattern study shows Pfizer's nearest resistance level is at $36.74, followed by $37.31 at the next level. In terms of trend indicators, we can see that at $34.89, Pfizer made an initial breakout above the 5 day Simple Moving Average, an indication of a positive trend. Momentum evaluation shows The Relative Strength Index indicates Pfizer is in strong oversold condition. Asset volatility analysis shows that the upper Bollinger band is at $37.03 and the lower is $33.97.

\\n

Overall, technical indicators suggest Pfizer has no obvious direction for the immediate future.

\\n

With a market cap of $194.07 billion Pfizer started 2021 by losing 5.72%. So far this year it is under-performing the Dow Jones by 8.2%.

\\n\",\"\\n

McDonald's climbs to $213.16 up 0.75%

\\n

(Last update 10:56am EST, February 9, 2021)

\\n

\\n

After starting the session at $211.58 McDonald's spiked to $213.83, dropped back to starting point range, now rallying again to $213.16.

\\n

Chart visual study suggests McDonald's is eyeing resistance at $215.87 and is now only $2.71 away, whilst this indicates a slow down or reverse of direction around $215.87, crossing it might suggest a prolonged positive move. Asset volatility analysis shows that the upper Bollinger band is at $215.8, This is a slight indication of a slowdown.

\\n

Overall, looking at the technical analysis landscape, it seems McDonald's is likely to reverse course and start pointing down in the short term.

\\n

With a market cap of $158.83 billion McDonald's started 2021 by losing 1.42%. So far this year it is under-performing the Dow by 3.9%.

\\n\",\"\\n

Bitcoin hits fresh record high at $47,900

\\n

(Last update 10:56am EST, February 9, 2021)

\\n

\\n

After opening at $46,667, Bitcoin reached a record high of $47,900. Later, it lost $1,177 and is now trading at $46,723.

\\n

Momentum evaluation shows The Relative Strength Index shows Bitcoin has gone up above 70 going into overbought territory. Asset volatility analysis shows that Bitcoin has just crossed the upper Bollinger band at $42,719, indicating further gains might be next.

\\n

Overall, technical indicators suggest Bitcoin has no obvious direction for the immediate future.

\\n

With a market cap of 870.17 billion

\\n

\\n
\\n

Bitcoin surged to an all time high of $48,000 as Tesla signals its confidence https://t.co/G3Dfznjxoa pic.twitter.com/3omC0PjmnU

\\n

— Forbes (@Forbes) February 9, 2021

\\n

\\n

\\n\",\"\\n

Gold drifts to $1,842.8 (a 0.47% gain) after starting the day at $1,834.2

\\n

(Last update 10:56am EST, February 9, 2021)

\\n

\\n

Hesitant but green: from an earlier low of $1,830.3, Gold is up to $1,842.8 gaining $8.6 compared to the $1,834.2 start of the day (0.47%).

\\n

In terms of trend indicators we can see that At $1,841, Gold made an initial breakout above 21 day Simple Moving Average, an indication of a positive trend. Momentum evaluation shows The Relative Strength Index is holding below 30, this means it is in oversold condition and indicates possible room for more gains. On the other hand note that Gold could be slowing down soon because its getting close and is now only $23.1 from resistance line at $1,866, yet crossing it might suggest further gains are ahead.

\\n

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

\\n

Gold has started 2021 by losing 3.34%.

\\n

\\n
\\n

"What you really see now is a shift away from career risk of getting involved in digital assets and now actually, career risk of not getting involved," @Grayscale CEO @Sonnenshein says. "You're definitely seeing a rotation out of gold and into… bitcoin." https://t.co/Jb7k9tf4PH pic.twitter.com/6IRvXGK1Ln

\\n

— Yahoo Finance (@YahooFinance) February 9, 2021

\\n

\\n

\\n\",\"\\n

After a 1 year hiatus, oil is back at $58.62 levels.

\\n

(Last update 10:56am EST, February 9, 2021)

\\n

\\n

After starting the day at $57.97, oil rallied to $58.62, hitting its highest point in 1 year, It later lost 87 cents and is now trading at $57.74

\\n

A Visual analysis of the crude oil's price graph shows crude's nearest support level is at $53.21, followed by $52 at the next level. 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 oil is in strong overbought condition. On the other hand, note that the upper Bollinger band is at $58.14, indicating a further downward move might be next.

\\n

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

\\n

Crude oil started in 2021 by gaining 16.3%.

\\n

\\n
\\n

State oil firms risk wasting $400 billion as energy transition speeds up https://t.co/QUKkHUwdjc pic.twitter.com/AKfpQOiWD2

\\n

— Reuters (@Reuters) February 9, 2021

\\n

\\n

\\n\",\"\\n

After starting the day at 1.2057, Euro/Dollar went up to 1.21 (up 43 pips)

\\n

(Last update 10:56am EST, February 9, 2021)

\\n

\\n

With a daily low of 1.2051, EUR/USD holds at 1.21 after starting the day at 1.2057 and gaining 43 pips (0.35%).

\\n

Chart visual study suggests the Euro is eyeing resistance at 1.2173 and is now only 73 pips away, whilst this indicates a slow down or reverse of direction around 1.2173, crossing it might suggest a prolonged positive move. Asset volatility analysis shows that a slight indication of a slowdown comes from looking at the Bollinger bands: the upper band is at 1.2212 – a high enough level to usually suggest the Euro is trading above its value. On the other hand, note that at 1.2087, Euro/Dollar made an initial breakout above the 10 day Simple Moving Average, an indication of a positive trend.

\\n

Overall, looking at the technical analysis landscape, it seems a reverse of course in the short term might be next for the Euro/Dollar

\\n

The Euro/Dollar started 2021 by losing 1.39%.

\\n

\\n
\\n

Optimism turned to panic as the EU’s vaccine rollout plunged into crisis after vaccine-makers had cut back deliveries https://t.co/CyucjCDDKP pic.twitter.com/M87MvWPGfZ

\\n

— Reuters (@Reuters) February 9, 2021

\\n

\\n

\\n\",\"\\n

The Pound goes back up to April 2018 levels, reaching 1.3798

\\n

(Last update 11:11am EST, February 9, 2021)

\\n

\\n

Starting the session at 1.3737, GBP/USD rallied above 1.3798 for the first time in 2 years, gaining 49 pips, and is now trading at 1.3786.

\\n

The Chart pattern study shows the Pound/Dollar nearest support level is at 1.3511. 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 British Pound has just crossed the upper Bollinger band at 1.3782, indicating further gains might be next.

\\n

Overall, looking at the technical analysis landscape, it seems The Pound might continue pointing upwards in the short term.

\\n

The British Pound started in 2021 by gaining 0.53%.

\\n

\\n
\\n

People arriving in the UK who try to conceal the fact they have been in countries on Britain’s list of high-risk destinations now face up to 10 years in jail https://t.co/5TiHu2MgIG

\\n

— Financial Times (@FinancialTimes) February 9, 2021

\\n

\\n

\\n\",\"\\n

The Yen made its largest single-day drop (58 pips) since November 2020

\\n

(Last update 11:11am EST, February 9, 2021)

\\n

\\n

After starting at 105.22, USD/JPY made its largest single-day drop (58 pips) seen recently, trading now at 104.63

\\n

The Chart pattern study shows the Yen's nearest support level is at 102.71. In terms of trend indicators, we can see that at 104.63, dollar/yen made an initial breakout below the 10 day Simple Moving Average, an indication of a negative trend. Momentum evaluation shows the Relative Strength Index has fallen below 70 – exiting overbought conditions and indicating possible moderate gains or a downward correction is a head.

\\n

Overall, looking at the technical analysis landscape, it seems the dollar/yen is likely to continue pointing down in the short term.

\\n

The Dollar/Yen started in 2021 by gaining 2.05%.

\\n

\\n
\\n

Its virus infections are a fraction of major western countries, yet Japan is signaling that its highly rated medical system faces impending collapse https://t.co/mpdPh6qrQg

\\n

— Bloomberg (@business) February 9, 2021

\\n

\\n

\\n\",\"\\n

The Swiss franc made its largest single-day drop (44 pips) since December 2020

\\n

(Last update 11:11am EST, February 9, 2021)

\\n

\\n

Starting at 0.8983 USD/CHF trading at 0.8938 after making its biggest single-day drop (44 pips) since December 2020

\\n

The Chart visual study suggests the Swiss franc nearest support level is at 0.8783. In terms of trend indicators, we can see that at 0.894, Swiss franc made an initial breakout below the 10 day Simple Moving Average, an indication of a negative trend. Momentum evaluation shows the Relative Strength Index has fallen below 70 – exiting overbought conditions and indicating possible moderate gains or a downward correction is a head.

\\n

Overall, looking at the technical analysis landscape, it seems the Swiss franc is likely to continue pointing down in the short term.

\\n

Dollar/Swiss started in 2021 by gaining 1.59%.

\\n\",\"\\n

After starting the day at 0.7707, Aussie/Dollar crawled to 0.7717 (up 10 pips)

\\n

(Last update 11:11am EST, February 9, 2021)

\\n

\\n

Currently light green but with no clear-cut direction, AUD/USD trading at 0.7717 after ranging today between 0.7739 and 0.7703.

\\n

Visual analysis of the Australian dollar's price graph shows the Australian dollar could be slowing down soon as it is approaching and is only 62 pips away from resistance at 0.778, of course, crossing it might suggest further gains are ahead. Asset volatility analysis shows that the upper Bollinger band is at 0.7764, This is a slight indication of a slowdown. However, 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.

\\n

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

\\n

The Australian dollar started 2021 by losing 0.26%.

\\n

\\n
\\n

A koala has been rescued after causing a pileup while trying to cross a freeway in Australia. The animal's rescuer said she bundled it into the trunk to hand it over to wildlife caretakers, but then the koala climbed to the steering wheel. https://t.co/UmoqL9ggtv (Fixes link)

\\n

— The Associated Press (@AP) February 9, 2021

\\n

\\n

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