\\n

\\n\",\"\\n

Dow steady at 31,407.27, no significant movement

\\n

(Last update 11:31am EST, February 12, 2021)

\\n

\\n

The Dow Jones is trading at 31,407.27 with no clear-cut direction, ranging between 31,471.65 and 31,352.

\\n

In terms of trend indicators, we can see that at 31,414.78, the Dow made an initial breakout below the 3 day Simple Moving Average, an indication of a negative trend. The MACD line is above the MACD signal line significantly, meaning the medium-term trend might turn negative. Asset volatility analysis shows that the upper Bollinger band is at 31,758.25, indicating a downward move might be next. In contrast, Dow Jones might start to recover soon because it is getting closer and is now only 218.89 points from the support line at 31,188.38, Obviously, dipping below it could be an indication that further losses are ahead. 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 Dow Jones might be pointing down in the short term.

\\n

The Dow Jones started 2021 by gaining 2.62%.

\\n

\\n
\\n

US stocks mixed. Dow near unchanged. NASDAQ leads downside run. https://t.co/tDJL0ke635

\\n

— ForexLive (@ForexLive) February 12, 2021

\\n

\\n

\\n\",\"\\n

S&P 500 steady at 3,922.18, no significant movement

\\n

(Last update 11:31am EST, February 12, 2021)

\\n

\\n

The S&P 500 is trading steadily today, ranging between 3,923.66 and 3,905.78 and is now at 3,922.18.

\\n

The Chart pattern study shows the S&P 500 might start to recover soon because it is getting closer and is now only 66.82 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 at 3,912.5, S&P made an initial breakout above the 3 day Simple Moving Average, an indication of a positive trend. 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 3,960, 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 started 2021 by gaining 4.09%.

\\n\",\"\\n

Trend continues: Apple lost 0.46% to $134.51 adding to its four days of drops

\\n

(Last update 11:31am EST, February 12, 2021)

\\n

\\n

With a market cap of $2.26 trillion Apple started 2021 by gaining 1.81%. So far this year it is under-performing the S&P by 2.28%.

\\n

\\n
\\n

Google’s threatened shutdown of its search engine in Australia over a proposed content licensing law would ripple across industries, saddling partners like Apple with a sudden revenue gap https://t.co/LHD3hyqogX

\\n

— Reuters (@Reuters) February 12, 2021

\\n

\\n

\\n\",\"\\n

Facebook edged to $269.58 (down 0.3%) after starting the day at $270.39

\\n

(Last update 11:31am EST, February 12, 2021)

\\n

\\n

Facebook slid down from $270.39 to $269.58, losing 81 cents (0.3%).

\\n

A Visual analysis of Facebook's price graph shows the nearest support level is at $245.64 while the closest resistance is at $282.05. In terms of trend indicators, we can see that, although down today, worth noting that at $270.4 Facebook did peak above the 50 day Simple Moving Average earlier, usually an indication that a positive move is maybe ahead.

\\n

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

\\n

With a market cap of $767.67 billion Facebook started 2021 by losing 1.02%. So far this year it is under-performing the S&P by 5.11%.

\\n

\\n
\\n

Facebook said it would reduce the distribution of all content and profiles run by Myanmar’s military, saying they have 'continued to spread misinformation' after the army seized power and detained civilian leaders in a coup on Feb. 1 https://t.co/3dXq7fwrV5

\\n

— Reuters (@Reuters) February 12, 2021

\\n

\\n

\\n\",\"\\n

After four days of going down, Amazon is flat today, hovering around $3,260.44

\\n

(Last update 11:31am EST, February 12, 2021)

\\n

\\n

Amazon recovered back to $3,260.44 after dipping down to $3,233.31 in a session that started at $3,262.

\\n

Chart visual study suggest Amazon might start to recover soon because it is getting closer and is now only $54.24 from the support line at $3,206.2, Obviously, dipping below it could be an indication that further losses are ahead. Asset volatility analysis shows that the lower Bollinger band is at $3,207.32, indicating a positive move might be next.

\\n

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

\\n

With a market cap of $1.64 trillion Amazon has started 2021 by gaining 0.16%. So far this year it is under-performing the S&P by 3.93%.

\\n

\\n
\\n

Amazon sues New York attorney general to preempt a state COVID lawsuit https://t.co/LhCcBPVpwi pic.twitter.com/zG6VJxfYnf

\\n

— Reuters (@Reuters) February 12, 2021

\\n

\\n

\\n\",\"\\n

Microsoft drifted to $243.75 (down 0.3%) after starting the day at $244.49

\\n

(Last update 11:41am EST, February 12, 2021)

\\n

\\n

Microsoft recovered back almost all the way to $244.49 after dipping down to $242.74.

\\n

The Chart visual study suggests Microsoft's nearest support level is at $224.96, followed by $212.25 at the next level. In terms of trend indicators, we can see that at $243.15, Microsoft made an initial breakout below the 5 day Simple Moving Average, an indication of a negative trend. The MACD line is above the MACD signal line significantly, meaning the medium-term trend might turn negative. Asset volatility analysis shows that the upper Bollinger band is at $248.11, indicating a further downward move might be next. However, the Relative Strength Index indicates Microsoft is in overbought condition.

\\n

Overall, 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 Microsoft.

\\n

With a market cap of $1.84 trillion Microsoft started 2021 by gaining 9.03%. So far this year it is outperforming the Dow by 6.41%.

\\n

\\n
\\n

Stumbles by Microsoft on New Jersey’s Covid-19 vaccine-booking software leave the state pushing for daily fixes and spurring doubts it will operate as intended, state officials say https://t.co/SJae4RumAE

\\n

— Bloomberg (@business) February 12, 2021

\\n

\\n

\\n\",\"\\n

Google hovers around $2,092.59

\\n

(Last update 11:41am EST, February 12, 2021)

\\n

\\n

Alphabet is trading steadily today, ranging between $2,103 and $2,083 and is now at $2,092.59.

\\n

The Chart pattern study shows Google's nearest support level is at $1,917.24. In terms of trend indicators, we can see that at $2,093, Google 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 Google is in strong overbought condition.

\\n

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

\\n

With a market cap of $1.41 trillion Google has started 2021 by gaining 16.41%. So far this year it is outperforming the S&P by 12.32%.

\\n

\\n
\\n

Google’s threatened shutdown of its search engine in Australia over a proposed content licensing law would ripple across industries, saddling partners like Apple with a sudden revenue gap https://t.co/LHD3hyqogX

\\n

— Reuters (@Reuters) February 12, 2021

\\n

\\n

\\n\",\"\\n

Tesla nudged to $803.6 (down 1%) after starting the day at $811.66

\\n

(Last update 11:41am EST, February 12, 2021)

\\n

\\n

Tesla drops 1% early on and steadies at the $803.6 range.

\\n

Visual analysis of the Tesla's price graph shows Tesla's immediate support is around $798.96, resistance level is at $883.09. 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 a slight indication of recovery comes from looking at the Bollinger bands: the lower band is at $783.68 – 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 $771.33 billion Tesla started 2021 by gaining 13.06%. So far this year it is outperforming the Nasdaq by 4.95%.

\\n

\\n
\\n

German authorities raise concerns about the trim-strip on Tesla's ( $TSLA ) Model-X cars.https://t.co/WfhuAUzOkE

\\n

— TheStreet (@TheStreet) February 12, 2021

\\n

\\n

\\n\",\"\\n

A slow down? After three days of going up, Zoom is flat today, hovering around $433.88

\\n

(Last update 11:41am EST, February 12, 2021)

\\n

\\n

Momentum evaluation shows The Relative Strength Index indicates Zoom is in strong overbought condition. Asset volatility analysis shows that the upper Bollinger band is at $452.44, indicating a downward move might be next.

\\n

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

\\n

With a market cap of $126.64 billion Zoom started in 2021 by gaining 22.06%. So far this year it is outperforming the Nasdaq by 13.95%.

\\n

\\n
\\n

Watching a student loan debt spiral is bad enough when you’ve enjoyed your university years, says Chris Allnut, who graduated in 2017. It is all the harder to accept for a cohort confined to their rooms and taught over Zoom https://t.co/Q1yZW1Ohyb pic.twitter.com/bvL4KcLNqQ

\\n

— Financial Times (@FinancialTimes) February 12, 2021

\\n

\\n

\\n\",\"\\n

Netflix edged to $554.49 (down 0.56%) after starting the day at $557.59

\\n

(Last update 11:41am EST, February 12, 2021)

\\n

\\n

Netflix weakened earlier in the trading session before moving off the $550.94 low and recovering almost back to $557.59.

\\n

The chart pattern study shows Netflix's nearest support level is at $523.28, followed by $494.25 at the next level. In terms of trend indicators, we can see that at $555.79, Netflix made an initial breakout below the 5 day Simple Moving Average, an indication of a negative trend. Asset volatility analysis shows that the upper Bollinger band is at $567.57, indicating a further downward move might be next.

\\n

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

\\n

With a market cap of $245.58 billion Netflix started in 2021 by gaining 3.02%. So far this year it is under-performing the S&P by 1.07%.

\\n\",\"\\n

Walmart drifted to $144.54 up 0.36%

\\n

(Last update 12:01pm EST, February 12, 2021)

\\n

\\n

Hesitant but green: from an earlier low of $143.71, Walmart is up to $144.54 gaining 52 cents compared to the $144.02 start of the day (0.36%).

\\n

A Visual analysis of Walmart's price graph shows the nearest resistance level is at $148.97. In terms of trend indicators, we can see that at $144.19, Walmart made an initial breakout above the 21 day Simple Moving Average, an indication of a positive trend. Asset volatility analysis shows that the upper Bollinger band is at $147.07, 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 $408.96 billion Walmart started 2021 by losing 0.09%. So far this year it is under-performing the Dow by 2.71%.

\\n\",\"\\n

After 6 months, Procter & Gamble fell below the $127 levels.

\\n

(Last update 12:01pm EST, February 12, 2021)

\\n

\\n

After starting at $128.33 Procter & Gamble dropped $1.48 and traded below the $127 level for the first time in 6 months.

\\n

The Chart visual study suggests Procter & Gamble's immediate support is around $126.37, resistance level is at $133.09. 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 Procter & Gamble has just crossed the lower Bollinger band at $127.24, indicating further loses might be next In contrast, the Relative Strength Index has gone below 30, going into oversold conditions and allowing more gains.

\\n

Overall, 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 Procter & Gamble

\\n

With a market cap of $312.37 billion Procter & Gamble started 2021 by losing 8.42%. So far this year it is under-performing the Dow Jones by 11.04%.

\\n\",\"\\n

Walt Disney hits fresh record high at $193.83

\\n

(Last update 12:01pm EST, February 12, 2021)

\\n

\\n

After opening at $190.91, Walt Disney reached a record high of $193.83. Later, it lost $3.97 and is now trading at $189.86.

\\n

Walt Disney is down despite the fact that yesterday the company released its quarterly earnings, beating analysts' estimates. The company reported earnings of 0.32 per share on revenue of $16.25 billion, topping estimates of -0.3274 per share on revenue of $15.91 billion.

\\n

Visual analysis of the Walt Disney's price graph shows Walt Disney's nearest support level is at $163.03. In terms of trend indicators, we can see that at $188, Walt Disney made an initial breakout below the 5 day Simple Moving Average, an indication of a negative trend. Momentum evaluation shows The Relative Strength Index indicates Walt Disney is in strong overbought condition.

\\n

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

\\n

With a market cap of $344.46 billion Walt Disney started in 2021 by gaining 5.1%. So far this year it is outperforming the Dow Jones by 2.48%.

\\n\",\"\\n

Coca-Cola crawled to $50.52 after the quarterly performance report

\\n

(Last update 12:01pm EST, February 12, 2021)

\\n

\\n

After starting the day at $50.3 Coca-Cola went up to $50.85 only to drop back, yet still positive overall today, trading now at $50.52.

\\n

Wednesday, Coca-Cola reported mixed earnings results with EPS at 0.47 and revenues at $8.60 billion, compared to a consensus of 0.4178 Earnings Per Share and $8.61 billion revenue. Since the release of its earnings report, Coca-Cola gained 82 cents

\\n

A Visual analysis of the Coca-Cola's price graph shows the nearest resistance level is at $54.84. 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 Coca-Cola is in strong overbought condition. In contrast, the upper Bollinger band is at $50.81, This is a slight indication of a slowdown.

\\n

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

\\n

With a market cap of $217.35 billion Coca-Cola started 2021 by losing 9.03%. So far this year it is under-performing the Dow Jones by 11.65%.

\\n\",\"\\n

Pfizer went up to $34.84 up 1.21%

\\n

(Last update 12:01pm EST, February 12, 2021)

\\n

\\n

With a daily low of $34.36, Pfizer holds at $34.84 after starting the day at $34.43 and gaining 41 cents (1.21%).

\\n

The Chart visual study suggests the 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 $34.78, 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 has gone up above 30 – exiting oversold conditions and indicating a slowdown of gains. Asset volatility analysis shows that the lower Bollinger band is at $34.17, indicating further gains might be next.

\\n

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

\\n

With a market cap of $193.68 billion Pfizer started 2021 by losing 6.91%. So far this year it is under-performing the Dow by 9.53%.

\\n

\\n
\\n

Japan’s health minister expects the Pfizer vaccine will be approved within days. Vaccines are considered key to holding the delayed Tokyo Olympics this summer. https://t.co/VvsO1OAYkp

\\n

10:15https://t.co/VvsO1OAYkp

\\n

— The Associated Press (@AP) February 12, 2021

\\n

\\n

\\n\",\"\\n

Steady McDonald's holds at $214.34

\\n

(Last update 11:21am EST, February 12, 2021)

\\n

\\n

McDonald's is trading steadily today, ranging between $214.7 and $213.29 and is now at $214.34.

\\n

The Chart visual study suggests McDonald'ss resistance level is at $215.87. In terms of trend indicators, we can see that at $213.76, McDonald's made an initial breakout below the 5 day Simple Moving Average, an indication of a negative trend. Asset volatility analysis shows that the upper Bollinger band is at $217.25, indicating a downward move might be next.

\\n

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

\\n

With a market cap of $159.71 billion McDonald's started 2021 by losing 0.14%. So far this year it is under-performing the Dow Jones by 2.76%.

\\n\",\"\\n

Bitcoin hits new all time high at $48,700

\\n

(Last update 11:21am EST, February 12, 2021)

\\n

\\n

After opening at $48,200, Bitcoin reached a record high of $48,700. Later, it lost $1,435 and is now trading at $47,265.

\\n

Momentum evaluation shows The Relative Strength Index shows Bitcoin has gone up above 70 going into overbought territory.

\\n

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

\\n

With a market cap of 880.40 billion

\\n

\\n
\\n

Bitcoin hit record highs after BNY Mellon said it had formed a new unit to help clients hold, transfer, and issue digital assets https://t.co/rMPpmVicxw pic.twitter.com/ygpysGU8mE

\\n

— Reuters (@Reuters) February 12, 2021

\\n

\\n

\\n\",\"\\n

Stable day for Gold, trading around $1,827.4

\\n

(Last update 11:21am EST, February 12, 2021)

\\n

\\n

Gold was trading at $1,827.4 having started the day at $1,825.4, overall a 0.03% move or 60 cents today.

\\n

The chart pattern study shows Gold is climbing away and is now $38.5 from the $1,789 support line. In terms of trend indicators, we can see that at $1,827, Gold made an initial breakout above the 10 day Simple Moving Average, an indication of a positive trend. Asset volatility analysis shows that the lower Bollinger band is at $1,800, indicating a positive move might be next.

\\n

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

\\n

Gold started 2021 by losing 3.73%.

\\n

\\n
\\n

House of Representatives Speaker Nancy Pelosi introduced legislation to award congressional gold medals to the Capitol Police and Washington’s police force for protecting the Capitol on Jan. 6 against an assault by rioters https://t.co/kOUrYPUteZ

\\n

— Reuters (@Reuters) February 12, 2021

\\n

\\n

\\n\",\"\\n

Crude was up 0.6%, trading around $58.59

\\n

(Last update 11:21am EST, February 12, 2021)

\\n

\\n

After dipping down to $57.41, Oil regained earlier losses, reaching $58.59

\\n

A Visual analysis of the oil's price graph shows crude oil's immediate resistance is around $58.69, nearest support level is at $53.21. In terms of trend indicators, we can see that although up today, worth noting that earlier crude dropped below the 5 day Simple Moving Average when it was trading at $57.78, usually an indication that a negative trend is ahead. Asset volatility analysis shows that the upper Bollinger band is at $59.92, This is a slight indication of a slowdown. However, the Relative Strength Index indicates oil is in strong overbought condition.

\\n

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

\\n

Crude oil started 2021 by gaining 16.69%.

\\n

\\n
\\n

Can't keep oil down pic.twitter.com/1LFUkUpajp

\\n

— ForexLive (@ForexLive) February 12, 2021

\\n

\\n

\\n\",\"\\n

Stable day for Euro/Dollar, trading around 1.213

\\n

(Last update 11:21am EST, February 12, 2021)

\\n

\\n

EUR/USD slid down from 1.2136 to 1.213, taking a 5 pip loss (0.05%).

\\n

In terms of trend indicators, we can see that at 1.2107, Euro/Dollar made an initial breakout below the 21 day Simple Moving Average, an indication of a negative trend. Asset volatility analysis shows that the upper Bollinger band is at 1.2208, indicating a downward move might be next. On the other hand, note that the Euro is climbing away and is now 161 pips from the 1.1969 support line.

\\n

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

\\n

The Euro started 2021 by losing 0.81%.

\\n

\\n
\\n

The EU urgently needs a renewed commitment to cancer prevention, diagnosis, treatment and care.

\\n

Europe’s Beating Cancer Plan will tackle these issues with 10 flagship initiatives and €4 billion in funding.
#EUCancerPlan

\\n

— European Commission 🇪🇺 (@EU_Commission) February 12, 2021

\\n

\\n

\\n\",\"\\n

Pound/Dollar goes back up to April 2018 levels, reaching 1.3858

\\n

(Last update 12:11pm EST, February 12, 2021)

\\n

\\n

Starting the session at 1.3818, GBP/USD rallied above 1.3858 for the first time in 2 years, gaining 39 pips, and is now trading at 1.3858.

\\n

Visual analysis of the Pound/Dollar's price graph shows the British Pound's nearest support level is at 1.3582. In terms of trend indicators, we can see that although up today, worth noting that earlier the British Pound dropped below the 3 day Simple Moving Average when it was trading at 1.3765, usually an indication that a negative trend is ahead. 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 Pound is in overbought condition. Asset volatility analysis shows that the upper Bollinger band is at 1.3875, This is a slight indication of a slowdown.

\\n

Overall, technical indicators suggest the Pound/Dollar has no obvious direction for the immediate future.

\\n

The Pound/Dollar started in 2021 by gaining 1.25%.

\\n

\\n
\\n

Royal Dutch Shell can be sued in London’s High Court in a lawsuit brought by thousands of Nigerian villagers over alleged pollution, Britain’s highest court ruled on Friday https://t.co/wm7r9UDxfB

\\n

— Financial Times (@FinancialTimes) February 12, 2021

\\n

\\n

\\n\",\"\\n

After starting the day at 104.75, dollar/yen drifted to 104.94 (up 19 pips)

\\n

(Last update 12:11pm EST, February 12, 2021)

\\n

\\n

Hesitant but green: from an earlier low of 104.7, USD/JPY is up to 104.94, gaining 19 pips compared to 104.75 at the start of the day (0.18%).

\\n

Visual analysis of the Yen's price graph shows the Yen is eyeing resistance at 105.54 and is now only 60 pips away, whilst this indicates a slow down or reverse of direction around 105.54, 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 105.75 – a high enough level to usually suggest the Yen is trading above its value. However, at 104.92, dollar/yen 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 Yen

\\n

The Yen started in 2021 by gaining 1.31%.

\\n

\\n
\\n

Carlos Ghosn's accused escape plotters ask U.S. Supreme Court to delay extradition to Japan https://t.co/KZ7IMT7XLZ pic.twitter.com/szq3zuzBeT

\\n

— Reuters (@Reuters) February 12, 2021

\\n

\\n

\\n\",\"\\n

After four days of going down, Swiss franc is up 12 pips today.

\\n

(Last update 12:11pm EST, February 12, 2021)

\\n

\\n

With a daily low of 0.8892, USD/CHF holds at 0.891 after starting the day at 0.8897 and gaining 12 pips (0.14%).

\\n

A Visual analysis of the Dollar/Swiss's price graph shows the nearest resistance level is at 0.9042. In terms of trend indicators, we can see that at 0.8917, Dollar/Swiss made an initial breakout above the 21 day Simple Moving Average, an indication of a positive trend. Asset volatility analysis shows that the lower Bollinger band is at 0.8837, indicating further gains might be next.

\\n

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

\\n

The Swiss franc started in 2021 by gaining 0.61%.

\\n\",\"\\n

The Australian dollar is up 7 pips, trading around 0.7764

\\n

(Last update 12:11pm EST, February 12, 2021)

\\n

\\n

AUD/USD is up to 0.7764 having started the day at 0.7755, overall a 0.1% move or 7 pips today.

\\n

The Chart visual study suggests the Aussie/Dollar is eyeing resistance at 0.778 and is now only 16 pips away, whilst this indicates a slow down or reverse of direction around 0.778, crossing it might suggest a prolonged positive move. In terms of trend indicators, we can see that although up today, worth noting that earlier the Aussie/Dollar dropped below the 3 day Simple Moving Average when it was trading at 0.7723, usually an indication that a negative trend is ahead. Momentum evaluation shows The Relative Strength Index shows the Aussie/Dollar has gone up above 70 going into overbought territory. Asset volatility analysis shows that the upper Bollinger band is at 0.7786, This is a slight indication of a slowdown. On the other hand, note 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.

\\n

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

\\n

The Australian dollar started in 2021 by gaining 0.36%.

\\n

\\n
\\n

Virus update:
• Over 9,000 virus patients sent to NY nursing homes.
• Race to vaccinate seniors advances in many U.S. states.
• Pandemic takes a toll on British funeral directors.
• Australia's Melbourne begins 3rd lockdown.

\\n

Follow all @AP coverage: https://t.co/dRN9v4Y1Yg

\\n

— The Associated Press (@AP) February 12, 2021

\\n

\\n

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