\\n
\\n\",\"\\n(Last update 4:51pm EST, February 18, 2021)
\\n\\nThe Dow today at a glance – Dow Jones remained in the 31,493.34 range after starting the session at 31,613 and dropping 119.66 points.
\\nIn terms of trend indicators, we can see that at 31,315.2, the Dow made an initial breakout below the 10 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 31,951.68, indicating a further downward move might be next. In contrast, Dow might start to recover soon because it is getting closer and is now only 304.96 points from the support line at 31,188.38, Obviously, dipping below it could be an indication that further losses are ahead.
\\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 Dow
\\nThe Dow Jones started 2021 by gaining 3.18%.
\\n\\n
\\n\\n\\n\\n\",\"\\nDow falls from record amid disappointing jobs data and weak Walmart forecast https://t.co/nKoOzK2fLl
\\n— CNBC (@CNBC) February 18, 2021
(Last update 4:51pm EST, February 18, 2021)
\\n\\nThe S&P 500 today at a glance – S&P 500 dropped 17.33 points early on and stayed at the 3,914 range.
\\nThe Chart visual study suggests the S&P might start to recover soon because it is getting close and is now only 58.61 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, although down today, worth noting that at 3,904 S&P did peak above the 10 day Simple Moving Average earlier, usually an indication that a positive move is maybe ahead. However, the MACD line is above the MACD signal line significantly, meaning the medium-term trend might turn negative.
\\nOverall, looking at the technical analysis landscape – although indicators are mixed and some are pointing in different directions, it seems the S&P 500 might reverse course and start pointing upward in the short term.
\\nThe S&P started 2021 by gaining 4.46%.
\\n\",\"\\n(Last update 4:51pm EST, February 18, 2021)
\\n\\nApple today at a glance – Apple remained in the $129.71 range after starting the session at $130.84 and dropping 0.86%. Trading volume was 94.65 million, below the daily average of 98.70 million.
\\nThe Chart pattern study shows Apple might start to recover soon because it is getting closer and is now only $3.11 from the support line at $126.6, 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 below the MACD signal line significantly, meaning the 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. Momentum evaluation shows The Relative Strength Index indicates Apple is in oversold condition, allowing more gains. Asset volatility analysis shows that a slight indication of recovery comes from looking at the Bollinger bands: the lower band is at $128.62 – a low enough level to usually suggest Apple is trading below its value.
\\nOverall, the technical analysis suggests Apple is neutral for the immediate future, with no clear-cut direction.
\\nWith a market cap of $2.18 trillion Apple started 2021 by losing 1.41%. So far this year it is under-performing the S&P by 5.87%.
\\n\\n
\\n\\n\\n\\n\",\"\\nApple adds 'BlastDoor' security feature to fight iMessage hacks https://t.co/eIPRawSmpg pic.twitter.com/qXm4MmfsYa
\\n— Reuters (@Reuters) February 18, 2021
(Last update 4:51pm EST, February 18, 2021)
\\n\\nFacebook today at a glance – Facebook remained in the $269.39 range after starting the session at $273.57 and dropping 1.53%. Trading volume was 14.85 million, below the daily average of 18.67 million.
\\nThe Chart visual study suggests 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 $269.64 Facebook did peak above the 50 day Simple Moving Average earlier, usually an indication that a positive move is maybe ahead.
\\nOverall, looking at the technical analysis landscape, it seems Facebook might start pointing upward in the short term.
\\nWith a market cap of $767.13 billion Facebook started in 2021 by gaining 0.15%. So far this year it is under-performing the S&P 500 by 4.31%.
\\n\\n
\\n\\n\\n\\n\",\"\\nAmazon, Facebook, Google-backed groups sue Maryland over new online ad tax – Washington Post https://t.co/51Use64f8R pic.twitter.com/PI41I1GYQq
\\n— Reuters (@Reuters) February 18, 2021
(Last update 4:51pm EST, February 18, 2021)
\\n\\nAmazon today at a glance – After it started the day at $3,308.64 Amazon went up to $3,338 only to drop back, yet still traded positively overall and closed at $3,328.23. Trading volume was 2.89 million, below the daily average of 3.73 million.
\\nVisual analysis of Amazon's price graph shows Amazon could be slowing down soon as it is approaching and is only $51.77 away from resistance at $3,380, of course, crossing it might suggest further gains are ahead. In terms of trend indicators, we can see that at $3,287.16, Amazon made an initial breakout above the 21 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. Asset volatility analysis shows that the upper Bollinger band is at $3,386.18, This is a slight indication of a slowdown.
\\nOverall, technical indicators suggest Amazon has no obvious direction for the immediate future.
\\nWith a market cap of $1.68 trillion Amazon has started 2021 by gaining 1.56%. So far this year it is under-performing the S&P 500 by 2.9%.
\\n\\n
\\n\\n\\n\\n\",\"\\nAmazon, Facebook, Google-backed groups sue Maryland over new online ad tax – Washington Post https://t.co/51Use64f8R pic.twitter.com/PI41I1GYQq
\\n— Reuters (@Reuters) February 18, 2021
(Last update 4:56pm EST, February 18, 2021)
\\n\\nMicrosoft today at a glance – Microsoft dropped 0.17% early on and stayed at the $243.79 range. Trading volume was 16.31 million, below the daily average of 21.81 million.
\\nThe Chart visual study suggests Microsoft's nearest support level is at $212.25. In terms of trend indicators, we can see that at $243.37, Microsoft made an initial breakout above the 10 day Simple Moving Average, an indication of a positive trend. Asset volatility analysis shows that the upper Bollinger band is at $245.26, indicating a downward move might be next.
\\nOverall, the technical analysis suggests Microsoft is neutral for the immediate future, with no clear-cut direction.
\\nWith a market cap of $1.84 trillion Microsoft has started 2021 by gaining 8.92%. So far this year it is outperforming the Dow by 5.74%.
\\n\\n
\\n\\n\\n\\n\",\"\\nSolarWinds hackers studied Microsoft source code for authentication and email https://t.co/xUq5wrnXha pic.twitter.com/fXZuXlH1GK
\\n— Reuters (@Reuters) February 18, 2021
(Last update 4:56pm EST, February 18, 2021)
\\n\\nGoogle today at a glance – Alphabet recovered back almost all the way to $2,128.31 after dipping down to $2,104.28. Trading volume was 1.04 million, below the daily average of 1.47 million.
\\nThe chart visual study suggests Google's nearest support level is at $1,917.24, followed by $1,830.79 at the next level. In terms of trend indicators, we can see that at $2,109, Google made an initial breakout below the 5 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. Asset volatility analysis shows that the upper Bollinger band is at $2,136.26, indicating a further 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.
\\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 Google.
\\nWith a market cap of $1.42 trillion Google has started 2021 by gaining 17.69%. So far this year it is outperforming the S&P by 13.23%.
\\n\",\"\\n(Last update 4:56pm EST, February 18, 2021)
\\n\\nTesla today at a glance – Tesla recovered back almost all the way to $798.15 after dipping down to $776.27. Trading volume was 17.62 million, below the daily average of 21.50 million.
\\nThe Chart pattern study shows Tesla's immediate support is around $773.49, 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. Momentum evaluation shows The Relative Strength Index indicates Tesla 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 $772.09 – a low enough level to usually suggest Tesla 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 Tesla.
\\nWith a market cap of $755.77 billion Tesla started 2021 by gaining 11.59%. So far this year it is outperforming the Nasdaq by 3.88%.
\\n\\n
\\n\\n\\n\\n\",\"\\nARK Investment Management raises its stake in Tesla ( $TSLA ) a few weeks after the electric-vehicle company made a major investment in #Bitcoin. https://t.co/WfG1JKkh7L
\\n— TheStreet (@TheStreet) February 18, 2021
(Last update 4:56pm EST, February 18, 2021)
\\n\\nZoom today at a glance – Zoom dropped 2.68% early on and stayed at the $417.91 range. Trading volume was 2.60 million, below the daily average of 4.31 million.
\\nThe Chart pattern study shows the nearest support level is at $337.32. In terms of trend indicators, we can see that at $420.17, Zoom 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.
\\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 $121.98 billion Zoom started in 2021 by gaining 21.45%. So far this year it is outperforming the Nasdaq by 13.74%.
\\n\",\"\\n(Last update 4:56pm EST, February 18, 2021)
\\n\\nNetflix today at a glance – Netflix dropped 0.57% early on and stayed in the $548.22 range. Trading volume was 2.36 million, below the daily average of 3.08 million.
\\nChart visual study suggests although Netflix is down today and was as low as $538.23, it seems to be recovering slightly and climbing away from the $523.28 support line and is now $24.94 above it. Asset volatility analysis shows that the upper Bollinger band is at $565.75, indicating a further downward move might be next.
\\nOverall, technical indicators suggest Netflix has no obvious direction for the immediate future.
\\nWith a market cap of $242.80 billion Netflix started in 2021 by gaining 1.92%. So far this year it is under-performing the S&P by 2.54%.
\\n\\n
\\n\\n\\n\\n\",\"\\n.@Zendaya says that taking on a mature role in @Netflix film "Malcolm & Marie" "happened at the right time." pic.twitter.com/u7wLCS2E86
\\n— AP Entertainment (@APEntertainment) February 18, 2021
(Last update 3:31pm EST, February 18, 2021)
\\n\\nAfter starting at $147.2 Walmart made its largest single-day drop ($8.96) seen recently, trading now at $138.24
\\nToday, Walmart reported mixed earnings results with EPS at 1.39 and revenues at $152.08 billion, compared to a consensus of 1.51 Earnings Per Share and $147.98 billion revenue.
\\nVisual analysis of Walmart's price graph shows Walmart's resistance level is at $148.97. 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. Momentum evaluation shows the Relative Strength Index is holding below 70, This means it is in overbought conditions and indicates possible moderate gains or a downward correction is a head. Asset volatility analysis shows that Walmart has just crossed the lower Bollinger band at $139.17, indicating further loses might be next
\\nOverall, looking at the technical analysis landscape, it seems further drawbacks may be next for Walmart.
\\nWith a market cap of $391.11 billion Walmart started 2021 by gaining 2.07%. So far this year it is under-performing the Dow by 1.11%.
\\n\\n
\\n\\n\\n\\n\",\"\\nWalmart just dealt a major blow to other retailers https://t.co/n5mYHrkLsb by @BrianSozzi pic.twitter.com/R3aGiUw7WS
\\n— Yahoo Finance (@YahooFinance) February 18, 2021
(Last update 3:31pm EST, February 18, 2021)
\\n\\nProcter & Gamble spiked to $129.82 gaining 1.06%.
\\nThe Chart visual study suggests the nearest resistance level is at $133.09, followed by $136.34 at the next level. In terms of trend indicators, we can see that at $129.64, Procter & Gamble made an initial breakout above the 21 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. However, a slight indication of a slowdown comes from looking at the Bollinger bands: the upper band is at $130 – a high enough level to usually suggest Procter & Gamble is trading above its value.
\\nOverall, looking at the technical analysis landscape, it seems Procter & Gamble is likely to continue pointing upward in the short term.
\\nWith a market cap of $319.69 billion Procter & Gamble started 2021 by losing 8.31%. So far this year it is under-performing the Dow by 11.49%.
\\n\",\"\\n(Last update 3:31pm EST, February 18, 2021)
\\n\\nWalt Disney drops 1.58% early on and steadies at the $183.49 range.
\\nVisual analysis of the Walt Disney's price graph shows the nearest support level is at $163.03.
\\nWith a market cap of $333.07 billion Walt Disney started 2021 by gaining 2.82%. So far this year it is under-performing the Dow by 0.36%.
\\n\",\"\\n(Last update 3:31pm EST, February 18, 2021)
\\n\\nWith a daily low of $50.03, Coca-Cola holds at $50.8 after starting the day at $50.13 and gaining 66 cents (1.33%).
\\nA Visual analysis of the Coca-Cola's price graph shows the nearest resistance level is at $54.84. Momentum evaluation shows The Relative Strength Index shows Coca-Cola has gone up above 70 going into overbought territory. Asset volatility analysis shows that the upper Bollinger band is at $51.11, This is a slight indication of a slowdown. In contrast, at $50.2, Coca-Cola made an initial breakout above the 5 day Simple Moving Average, an indication of a positive trend.
\\nOverall, looking at the technical analysis landscape, it seems a reverse of course in the short term might be next for Coca-Cola
\\nWith a market cap of $218.52 billion Coca-Cola started 2021 by losing 9.4%. So far this year it is under-performing the Dow by 12.58%.
\\n\",\"\\n(Last update 3:31pm EST, February 18, 2021)
\\n\\nPfizer dropped 0.72% early on and is steady at the $34.64 range.
\\nVisual analysis of the Pfizer's price graph shows Pfizer's immediate support is around $34.57, resistance level is at $36.74. In terms of trend indicators, we can see that at $34.69, Pfizer 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 $35.07, indicating a further downward move might be next.
\\nOverall, looking at the technical analysis landscape, it seems Pfizer is likely to continue pointing down in the short term.
\\nWith a market cap of $192.54 billion Pfizer started 2021 by losing 5.5%. So far this year it is under-performing the Dow by 8.68%.
\\n\\n
\\n\\n\\n\\n\",\"\\nToday's top coronavirus headlines:
\\n
🇺🇸 U.S. unemployment claims increase
🇿🇦 Pfizer says South African variant could significantly reduce protective antibodies
🇻🇦 The Vatican tells employees they may risk losing their jobs if they refuse to get vaccinatedhttps://t.co/AIkIfb2qKQ pic.twitter.com/wX6drkFPuA— Reuters (@Reuters) February 18, 2021
(Last update 4:46pm EST, February 18, 2021)
\\n\\nMcDonald's today at a glance – With a daily low of $212.68, McDonald's closed at $215.43 after starting the day at $213.45 and gaining $2 (0.93%). Trading volume was 2.13 million, below the daily average of 3.25 million.
\\nVisual analysis of the McDonald's's price graph shows McDonald's reversed direction at $215.87 resistance zone and retreated back 43 cents below it. Asset volatility analysis shows that the upper Bollinger band is at $217.96, This is a slight indication of a slowdown. In contrast, at $213.09, McDonald's 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 a reverse of course in the short term might be next for McDonald's
\\nWith a market cap of $160.52 billion McDonald's started 2021 by losing 0.53%. So far this year it is under-performing the Dow Jones by 3.71%.
\\n\",\"\\n(Last update 4:46pm EST, February 18, 2021)
\\n\\nAfter opening at $52,100, Bitcoin reached a record high of $52,472. Later, it lost $336 and is now trading at $52,136.
\\nMomentum evaluation shows The Relative Strength Index indicates Bitcoin is in overbought condition.
\\nOverall, looking at the technical analysis landscape, it seems Bitcoin might start pointing upward in the short term.
\\nWith a market cap of 971.41 billion
\\n\\n
\\n\\n\\n\\n\",\"\\nCryptocurrency Ethereum hits record high, lifted by bitcoin, institutional demand https://t.co/dUYPnWVvKX pic.twitter.com/mxHMiOrhDw
\\n— Reuters (@Reuters) February 18, 2021
(Last update 4:46pm EST, February 18, 2021)
\\n\\nAfter opening at $1,772.8, Gold dropped to its lowest point in 2 months at $1,766.6. It later recovered to $8.7 and is now trading at $1,775.3.
\\nChart visual study suggests Gold is eyeing resistance at $1,789 and is now only $13.6 away, whilst this indicates a slow down or reverse of direction around $1,789, crossing it might suggest a prolonged positive move. 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 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 $1,774.47, indicating further gains might be next.
\\nOverall, the technical analysis suggests gold is neutral for the immediate future, with no clear-cut direction.
\\nGold started 2021 by losing 6.88%.
\\n\\n
\\n\\n\\n\\n\",\"\\nGOLD bugs go buy GOLD with excellent dividend. Really compelling. Bristow does it again.
\\n— Jim Cramer (@jimcramer) February 18, 2021
(Last update 4:46pm EST, February 18, 2021)
\\n\\nAfter starting the day at $61.14, oil rallied to $62.26, hitting its highest point in 1 year, It later lost $2.16 and is now trading at $60.1
\\nA Visual analysis of the crude's price graph shows crude's nearest support level is at $52.85, 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 overbought condition, Keep an eye out for a slowdown of gains. However, at $60.34, crude oil made an initial breakout below the 5 day Simple Moving Average, an indication of a negative trend.
\\nOverall, looking at the technical analysis landscape – although indicators are mixed and some are pointing in different directions, it seems Crude might reverse course and start pointing upward in the short term.
\\nOil started 2021 by gaining 20.64%.
\\n\\n
\\n\\n\\n\\n\",\"\\nThe Texas oil patch is slowly restarting wells after a deep freeze shut a record amount of U.S. crude output https://t.co/abQdybyjwo
\\n— Bloomberg (@business) February 18, 2021
(Last update 4:46pm EST, February 18, 2021)
\\n\\nWith a daily low of 1.2039, EUR/USD holds at 1.2098 after starting the day at 1.2047 and gaining 51 pips (0.42%).
\\nChart visual studies suggest the Euro could be slowing down soon because it is getting close and is now only 75 pips from the resistance line at 1.2173, yet crossing it might suggest further gains are ahead. Asset volatility analysis shows that a slight indication of a slowdown comes from looking at the Bollinger bands: the upper band is at 1.22 – a high enough level to usually suggest the Euro/Dollar 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.
\\nOverall, looking at the technical analysis landscape, it seems a reverse of course in the short term might be next for the Euro/Dollar
\\nThe Euro/Dollar started 2021 by losing 0.93%.
\\n\\n
\\n\\n\\n\\n\",\"\\nECB squashes Deutsche Bank plans to raise bonus pool by a third https://t.co/nMAhVSzUEV
\\n— Financial Times (@FT) February 18, 2021
(Last update 5:11pm EST, February 18, 2021)
\\n\\nAfter starting the day at 1.3864, GBP/USD rallied to 1.3985, hitting its highest point in 2 years, It later lost 14 pips and is now trading at 1.397
\\nThe Chart visual study suggests the Pound/Dollar nearest support level is at 1.3582. In terms of trend indicators, we can see that although up today, worth noting that earlier the pound/dollar dropped below the 5 day Simple Moving Average when it was trading at 1.3844, 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 British Pound is in strong overbought condition. Asset volatility analysis shows that a slight indication of a slowdown comes from looking at the Bollinger bands: the upper band is at 1.3998 – a high enough level to usually suggest the British Pound is trading above its value.
\\nOverall, the technical analysis suggests the British Pound is neutral for the immediate future, with no clear-cut direction.
\\nThe British Pound started in 2021 by gaining 1.71%.
\\n\\n
\\n\\n\\n\\n\",\"\\nFT View: The UK’s failure to protect those with learning disabilities from coronavirus should be a national scandal.
\\nThe celebration of its vaccination programme shouldn't distract from the government’s failure in protecting those most vulnerable https://t.co/UoyQXehqT7
\\n— Financial Times (@FinancialTimes) February 18, 2021
(Last update 5:11pm EST, February 18, 2021)
\\n\\nUSD/JPY slid down from 105.87 to 105.68, losing 19 pips (0.18%).
\\nThe Chart visual study suggests although the dollar/yen is down today and was as low as 105.57, it seems to be recovering slightly and climbing away from the 104.55 support line and is now 113 pips above it. Asset volatility analysis shows that the upper Bollinger band is at 106.09, indicating a further downward move might be next.
\\nOverall, the technical analysis suggests the Dollar/Yen is neutral for the immediate future, with no clear-cut direction.
\\nThe Yen started in 2021 by gaining 2.67%.
\\n\\n
\\n\\n\\n\\n\",\"\\nNissan to temporarily suspend output at two assembly plants in Japan due to quake https://t.co/SPlWkoGIMu pic.twitter.com/O0tOdINGQJ
\\n— Reuters (@Reuters) February 18, 2021
(Last update 5:11pm EST, February 18, 2021)
\\n\\nUSD/CHF slid down from 0.8982 to 0.896, losing 22 pips (0.25%).
\\nA Visual analysis of the Dollar/Swiss's price graph shows the nearest support level is at 0.8783 while the closest resistance is at 0.9042. Asset volatility analysis shows that the upper Bollinger band is at 0.904, indicating a further downward move might be next.
\\nOverall, looking at the technical analysis landscape, it seems the Dollar/Swiss is likely to continue pointing down in the short term.
\\nThe Swiss franc started in 2021 by gaining 0.82%.
\\n\",\"\\n(Last update 5:11pm EST, February 18, 2021)
\\n\\nAfter opening at 0.7754, AUD/USD reached 0.7792, breaking a 2 year record. Later, it lost 21 pips and is now trading at 0.777.
\\nIn terms of trend indicators, we can see that although up today, worth noting that earlier the Australian dollar dropped below the 5 day Simple Moving Average when it was trading at 0.7753, usually an indication that a negative trend is ahead. Asset volatility analysis shows that the upper Bollinger band is at 0.7834, This is a slight indication of a slowdown. On the other hand, note that the Relative Strength Index indicates the Australian dollar is in overbought condition, keep an eye out for a slowdown of gains.
\\nOverall, looking at the technical analysis landscape, it seems a reverse of course in the short term might be next for the Aussie/Dollar
\\nThe Australian dollar started in 2021 by gaining 0.78%.
\\n\\n
\\n\\n\\n\\n\\n\"],\"title\":\"Financial Markets Review – 18 February 2021 – 17:11:43\",\"date\":\"2021-02-18T22:11:43\"}"; var omg_ads = JSON.parse(decodeHtml(omg_ads_string)); } catch (e) { var omg_ads = JSON.parse(omg_ads_string); }Australia Markit preliminary PMI for February, both manufacturing and services lower https://t.co/ueu5FbCYKh
\\n— ForexLive (@ForexLive) February 18, 2021