\\n

\\n\",\"\\n

The Dow Jones hit a new all time high at 31,647.53

\\n

(Last update 6:11pm EST, February 20, 2021)

\\n

\\n

After opening at 31,493.34, Dow Jones reached a record high of 31,647.53. Later, it lost 153.21 points and closed at 31,494.32.

\\n

The Chart pattern study shows the Dow might start to recover soon because it is getting closer and is now only 305.94 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 at 31,503.64, Dow Jones made an initial breakout below the 5 day Simple Moving Average, an indication of a negative trend.

\\n

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

\\n

The Dow started 2021 by gaining 2.82%.

\\n

\\n
\\n

Dow Jumps 100 Points But Stocks Poised To End Week Down Ahead Of Stimulus And Vaccine Developments https://t.co/ciJM8Dchbu pic.twitter.com/n0yf8s1HBO

\\n

— Forbes (@Forbes) February 19, 2021

\\n

\\n

\\n\",\"\\n

The S&P 500 will open at 3,906.71 after five straight days of drops.

\\n

(Last update 6:11pm EST, February 20, 2021)

\\n

\\n

The S&P 500 yesterday, at a glance – light red but with no obvious direction, S&P 500 traded at 3,906.71 after ranging between 3,930.41 and 3,903.

\\n

Visual analysis of the S&P 500's price graph shows the S&P 500 might start to recover soon because it is getting close and is now only 51.35 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 3,912.44, S&P 500 made an initial breakout below the 10 day Simple Moving Average, an indication of a negative trend.

\\n

Overall, technical indicators suggest S&P has no obvious direction for the immediate future.

\\n

The S&P 500 started 2021 by gaining 3.85%.

\\n\",\"\\n

Apple holds at $129.87

\\n

(Last update 6:11pm EST, February 20, 2021)

\\n

\\n

Apple yesterday at a glance – Apple recovered back to $129.87 after dipping down to $128.8 in a session that started at $129.71. Trading volume was 87.67 million, below the daily average of 94.61 million.

\\n

Visual analysis of the Apple's price graph shows Apple might start to recover soon because it is getting close and is now only $3.27 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 the lower Bollinger band is at $128.24, indicating a positive move might be next.

\\n

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

\\n

With a market cap of $2.18 trillion Apple started 2021 by losing 2.17%. So far this year it is under-performing the S&P by 6%.

\\n

\\n
\\n

On December 12, 1980, @Apple went public on @Nasdaq, raising more capital than any IPO since 1956.

\\n

Apple not only transformed the computer industry, but also created relationships between tech and stock trading.

\\n

Learn more as we celebrate #Nasdaq50: https://t.co/FgA39iRloU pic.twitter.com/JFKGxKH4p0

\\n

— Nasdaq (@Nasdaq) February 20, 2021

\\n

\\n

\\n\",\"\\n

Facebook closed at $261.56, up 2.91%, adding one more to its four straight days of losses.

\\n

(Last update 6:11pm EST, February 20, 2021)

\\n

\\n

Facebook yesterday at a glance – Facebook dropped 2.91% early on and stayed at the $261.56 range. Trading volume was 25.62 million, above the daily average of 17.82 million.

\\n

The Chart pattern study shows the nearest support level is at $245.64 while the closest resistance is at $282.05. Asset volatility analysis shows that a slight indication of recovery comes from looking at the Bollinger bands: the lower band is at $258.59 – a low enough level to usually suggest Facebook is trading below its value.

\\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 $744.84 billion Facebook started 2021 by losing 4.31%. So far this year it is under-performing the S&P by 8.16%.

\\n

\\n
\\n

Facebook is back at the negotiating table, Australian Prime Minister Scott Morrison said after the tech giant blocked news on its site in the country. Read more here: https://t.co/FmWPXrI1Vt $FB pic.twitter.com/kcgR34iKVR

\\n

— Reuters Business (@ReutersBiz) February 20, 2021

\\n

\\n

\\n\",\"\\n

Amazon is trading around $3,250 after losing 2.35% yesterday

\\n

(Last update 6:11pm EST, February 20, 2021)

\\n

\\n

Amazon yesterday at a glance – Amazon went dark red after losing 2.35%, tumbling down to $3,250. Trading volume was 4.31 million, above the daily average of 3.78 million.

\\n

Chart pattern study shows Amazon might start to recover soon because it is getting close and is now only $43.7 from support line at $3,206.2, obviously dipping below it could be an indication that further losses are ahead. Asset volatility analysis shows that A slight indication of recovery comes from looking at the Bollinger bands: the lower band is at $3,200.46 – a low enough level to usually suggest Amazon is trading below its value. In contrast At $3,297, Amazon made an initial breakout below the 21 day Simple Moving Average, an indication of a negative trend.

\\n

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

\\n

With a market cap of $1.64 trillion Amazon has started 2021 by losing 0.21%. So far this year it is under-performing the S&P by 4.06%.

\\n

\\n
\\n

ICYMI: BNP Paribas says it will stop financing firms that produce or buy goods cultivated on land in the Amazon that was cleared after 2008 https://t.co/4Y8RVMMITs pic.twitter.com/NGtgL0uRME

\\n

— Reuters (@Reuters) February 20, 2021

\\n

\\n

\\n\",\"\\n

Microsoft is trading around $240.97 after losing 1.16% yesterday.

\\n

(Last update 6:26pm EST, February 20, 2021)

\\n

\\n

Microsoft yesterday at a glance – Microsoft remained in the $240.97 range after starting the session at $243.79 and dropping 1.16%. Trading volume was 25.26 million, above the daily average of 20.88 million.

\\n

The Chart visual study suggests Microsoft's nearest support level is at $231.96, followed by $219.62 at the next level. 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 upper Bollinger band is at $245.71, indicating a further downward move might be next.

\\n

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

\\n

With a market cap of $1.82 trillion Microsoft has started 2021 by gaining 7.61%. So far this year it is outperforming the Dow by 4.79%.

\\n

\\n
\\n

Microsoft founder @BillGates led the company to its IPO at @Nasdaq on March 13, 1986 under ticker $MSFT.

\\n

Since then, @Microsoft has made history as one of the most valuable publicly traded companies in the world.

\\n

Learn more as we celebrate #Nasdaq50: https://t.co/FgA39iRloU pic.twitter.com/A7376Kt0ZD

\\n

— Nasdaq (@Nasdaq) February 20, 2021

\\n

\\n

\\n\",\"\\n

Google is trading around $2,101 after losing 0.76% yesterday.

\\n

(Last update 6:26pm EST, February 20, 2021)

\\n

\\n

Google yesterday at a glance – light red but with no obvious direction, Alphabet traded at $2,101 after ranging between $2,130.42 and $2,097.44. Trading volume was 1.46 million, above the daily average of 1.14 million.

\\n

The chart pattern study shows 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 $2,100, Google made an initial breakout below the 10 day Simple Moving Average, an indication of a negative trend. Asset volatility analysis shows that the upper Bollinger band is at $2,129.31, indicating a further downward move might be next.

\\n

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

\\n

With a market cap of $1.41 trillion Google has started 2021 by gaining 16.5%. So far this year it is outperforming the S&P 500 by 12.65%.

\\n

\\n
\\n

Google fired the lead of its Ethical AI team, Meg Mitchell, escalating the turmoil surrounding the division https://t.co/Cb1p8aww6E

\\n

— Bloomberg (@business) February 20, 2021

\\n

\\n

\\n\",\"\\n

Tesla is trading around $781.3 after losing 0.77% yesterday.

\\n

(Last update 6:26pm EST, February 20, 2021)

\\n

\\n

Tesla yesterday at a glance – Tesla slid down from $787.38 to $781.3, taking a $6.08 loss (0.77%). Trading volume was 18.96 million, below the daily average of 21.80 million.

\\n

Visual analysis of the Tesla's price graph shows Tesla's immediate support is around $773.52, resistance level is at $793.53. In terms of trend indicators, we can see that, although down today, worth noting that at $793.92 Tesla 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 $756.81 – a low enough level to usually suggest Tesla is trading below its value. On the other hand, note that the Relative Strength Index indicates Tesla is in strong oversold condition.

\\n

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

\\n

With a market cap of $749.93 billion Tesla started 2021 by gaining 9.61%. So far this year it is outperforming the Nasdaq by 2.5%.

\\n

\\n
\\n

The dramatic rise in values of Bitcoin and Tesla was driven by retail investors in much the same manner that led to last month’s surge in GameStop, says Howard Lutnick, CEO of Cantor Fitzgerald

\\n

Lutnick tells @mattmiller1973 @sonalibasak& @AmandaLang https://t.co/orVtuHLIC4 pic.twitter.com/AnL0Us5ffR

\\n

— Bloomberg TV (@BloombergTV) February 20, 2021

\\n

\\n

\\n\",\"\\n

After three days of going down, Zoom was flat yesterday, closing at $417.26

\\n

(Last update 6:26pm EST, February 20, 2021)

\\n

\\n

Zoom yesterday at a glance – A mostly flat day for Zoom as it ranged between $426 and $414.5 and closed at $417.26. Trading volume was 2.09 million, below the daily average of 4.20 million.

\\n

The Chart pattern study shows Zoom's nearest support level is at $337.32. In terms of trend indicators, we can see that at $423.91, Zoom 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 $444.68, indicating a downward move might be next.

\\n

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

\\n

With a market cap of $121.79 billion Zoom started in 2021 by gaining 19.13%. So far this year it is outperforming the Nasdaq by 12%.

\\n

\\n
\\n

WATCH: GOP Rep. Lauren Boebert responds to Democratic Congressman after he slams her “gun fetish” Zoom background during meeting https://t.co/MZqEbcmEXb pic.twitter.com/3BR9BUy6QE

\\n

— Forbes (@Forbes) February 20, 2021

\\n

\\n

\\n\",\"\\n

Netflix closed at $540.22, up $8, adding one more to its four straight days of losses.

\\n

(Last update 6:26pm EST, February 20, 2021)

\\n

\\n

Netflix yesterday at a glance – Netflix remained in the $540.22 range after starting the session at $548.22 and dropping 1.46%. Trading volume was 2.84 million, above the daily average of 2.78 million.

\\n

Chart visual study suggest Netflix might start to recover soon because it is getting closer and is now only $16.94 from the support line at $523.28, Obviously, dipping below it could be an indication that further losses are ahead. Asset volatility analysis shows that a slight indication of recovery comes from looking at the Bollinger bands: the lower band is at $537.62 – a low enough level to usually suggest Netflix is trading below its value. On the other hand, note 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.

\\n

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

\\n

With a market cap of $239.26 billion Netflix started 2021 by losing 0.09%. So far this year it is under-performing the S&P by 3.94%.

\\n

\\n
\\n

WATCH: Spanish chess board maker Rechapados Ferrer sales have soared. Its products played a role in the hit Netflix series ‘The Queen's Gambit’ https://t.co/GMgrPUOwIF pic.twitter.com/X29y7GSgKN

\\n

— Reuters (@Reuters) February 20, 2021

\\n

\\n

\\n\",\"\\n

Walmart crawled 0.49%, close at $138.34 after the quarterly performance report

\\n

(Last update 6:21pm EST, February 20, 2021)

\\n

\\n

Walmart yesterday at a glance – light green but with no clear-cut direction, Walmart closed at $138.34 after it ranged between $139.42 and $137.67. Trading volume was 12.20 million, above the daily average of 9.46 million.

\\n

Thursday, 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. Since the release of its earnings report, Walmart lost $8.86

\\n

Visual analysis of Walmart's price graph shows Walmart reversed direction at $139.27 resistance zone and retreated back 93 cents below it. 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 Walmart is in oversold condition, allowing more gains. In contrast, the lower Bollinger band is at $136.73, indicating further gains might be next. "Bullish harami”, when it appears on top of a bearish overall trend, as it is now, some traders would consider this as an indication of a reversal, of course.

\\n

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

\\n

With a market cap of $391.40 billion Walmart started 2021 by losing 4.22%. So far this year it is under-performing the Dow by 7.04%.

\\n

\\n
\\n

Walmart raises wages for 425,000 associates, about half of U.S. employees now earn $15 per hour https://t.co/SmArSh2Uhu by @JuliaLaRoche pic.twitter.com/Hq3FMBHedk

\\n

— Yahoo Finance (@YahooFinance) February 19, 2021

\\n

\\n

\\n\",\"\\n

Procter & Gamble is trading around $127.12 after losing 1.86% yesterday.

\\n

(Last update 6:21pm EST, February 20, 2021)

\\n

\\n

Procter & Gamble yesterday at a glance – Procter & Gamble dropped 1.86% early on and stayed in the $127.12 range. Trading volume was 8.28 million, above the daily average of 7.34 million.

\\n

Visual analysis of the Procter & Gamble's price graph shows Procter & Gamble's immediate support is around $126.28, resistance level is at $133.09. In terms of trend indicators, we can see that at $128.65, 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 $126.7 – 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 $313.03 billion Procter & Gamble started 2021 by losing 9.28%. So far this year it is under-performing the Dow by 12.1%.

\\n\",\"\\n

Walt Disney closed at $183.65 after gaining 0.36% during the session

\\n

(Last update 6:21pm EST, February 20, 2021)

\\n

\\n

Walt Disney yesterday at a glance – small gains for Walt Disney at $183.65 after ranging between $182.79 and $184.77. Trading volume was 8.84 million, below the daily average of 13.44 million.

\\n

The Chart visual study suggests Walt Disney's immediate resistance is around $184.69, nearest support level is at $163.03. Asset volatility analysis shows that the lower Bollinger band is at $180.31, indicating further gains might be next.

\\n

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

\\n

With a market cap of $333.37 billion Walt Disney started in 2021 by gaining 1.35%. So far this year it is under-performing the Dow Jones by 1.47%.

\\n\",\"\\n

Coca-Cola is trading around $50.11 after losing 1.3% yesterday.

\\n

(Last update 6:21pm EST, February 20, 2021)

\\n

\\n

Coca-Cola yesterday at a glance – Coca-Cola slid down from $50.77 to $50.11, taking a 66 cents loss (1.3%). Trading volume was 15.97 million, around the average daily.

\\n

A Visual analysis of the Coca-Cola's price graph shows the nearest support level is at $48.15 while the closest resistance is at $54.84. In terms of trend indicators, we can see that at $50.43, Coca-Cola 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 $50.85, indicating a further downward move might be next.

\\n

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

\\n

With a market cap of $215.57 billion Coca-Cola started 2021 by losing 9.32%. So far this year it is under-performing the Dow by 12.14%.

\\n

\\n
\\n

Coca-Cola Zero Sugar will be the company's biggest source of growth in 2021, CEO says https://t.co/zf1ak0pskT

\\n

— CNBC (@CNBC) February 19, 2021

\\n

\\n

\\n\",\"\\n

Pfizer is trading around $34.44 after losing 0.35% yesterday.

\\n

(Last update 6:21pm EST, February 20, 2021)

\\n

\\n

Pfizer yesterday at a glance – Pfizer recovered back almost all the way to $34.56 after dipping down to $34.4. Trading volume was 28.18 million, below the daily average of 28.63 million.

\\n

Visual analysis of the Pfizer's price graph shows Pfizer's immediate support is around $34.33, 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. Asset volatility analysis shows that the upper Bollinger band is at $35.07, indicating a further downward move might be next.

\\n

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

\\n

With a market cap of $191.43 billion Pfizer started 2021 by losing 6.86%. So far this year it is under-performing the Dow Jones by 9.68%.

\\n

\\n
\\n

COVID sickness dropped 95.8% after both Pfizer shots: Israeli Health Ministry https://t.co/DeLSNha2YF pic.twitter.com/sc3ZCUd6gV

\\n

— Reuters (@Reuters) February 20, 2021

\\n

\\n

\\n\",\"\\n

McDonald's is trading around $212.24 after losing 1.48% yesterday.

\\n

(Last update 6:16pm EST, February 20, 2021)

\\n

\\n

McDonald's yesterday at a glance – McDonald's dropped 1.48% early on and stayed in the $212.24 range. Trading volume was 3.18 million, around the average daily.

\\n

The Chart visual study suggests the nearest support level is at $206.82 while the closest resistance is at $215.87. In terms of trend indicators, we can see that, although down today, worth noting that at $213.76 McDonald's did peak above the 10 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 McDonald's might start pointing upward in the short term.

\\n

With a market cap of $158.14 billion McDonald's started 2021 by losing 1.09%. So far this year it is under-performing the Dow by 3.91%.

\\n\",\"\\n

Bitcoin hits fresh record high at $57,460

\\n

(Last update 6:16pm EST, February 20, 2021)

\\n

\\n

After opening at $56,945, Bitcoin reached a record high of $57,460. Later, it lost $1,624 and is now trading at $55,836.

\\n

Momentum evaluation shows The Relative Strength Index indicates Bitcoin is in overbought condition.

\\n

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

\\n

With a market cap of 1.04 trillion

\\n

\\n
\\n

"Sentiment around bitcoin has never been this ebullient and this strong," @CoinSharesCo's @Melt_Dem says. "It's coming from Elon Musk… renowned investors like Paul Tudor Jones… The Tesla move into bitcoin… all of these go to further strengthen the narrative around bitcoin." pic.twitter.com/vnGniRBP0W

\\n

— Yahoo Finance (@YahooFinance) February 17, 2021

\\n

\\n

\\n\",\"\\n

Gold hit 1,759, its lowest rate in 7 months.

\\n

(Last update 6:16pm EST, February 20, 2021)

\\n

\\n

After starting the day at 1,775, Gold dropped to 1,759, hitting its lowest point in 7 months, It later recovered $24 and closed at $1,783

\\n

The Chart visual study suggests Gold reversed direction at $1,789 resistance zone and retreated back to $5.8 below it. In terms of trend indicators, we can see that at $1,781, Gold made an initial breakout above the 3 day Simple Moving Average, an indication of a positive 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 the lower Bollinger band is at $1,763.18, indicating further gains might be next.

\\n

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

\\n

Gold started 2021 by losing 6.61%.

\\n

\\n
\\n

Russia is on track for a blockbuster year of share sales, led by gold miners, e-commerce companies and other firms emerging stronger from the pandemic https://t.co/1qHw4617Vf

\\n

— Bloomberg (@business) February 20, 2021

\\n

\\n

\\n\",\"\\n

Crude oil made its largest single-day drop ($1.51) since December 2020

\\n

(Last update 6:16pm EST, February 20, 2021)

\\n

\\n

Oil closed at $59 after making its largest single-day drop ($1.51) since December 2020.

\\n

A Visual analysis of the Oil's price graph shows crude oil's nearest support level is at $53.21, followed by $52 at the next level. In terms of trend indicators, we can see that at $59.2, crude oil made an initial breakout below the 10 day Simple Moving Average, an indication of a negative trend. Medium-term trend indication has 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.

\\n

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

\\n

Oil started 2021 by gaining 17.71%.

\\n

\\n
\\n

When João Lourenço took over in 2017, the oil boom was over. The former defence minister pledged to clean house and overhaul the economyhttps://t.co/iSW0go6Ft9

\\n

— The Economist (@TheEconomist) February 20, 2021

\\n

\\n

\\n\",\"\\n

The Euro/Dollar inches to 1.2126 (a 0.23% gain) after starting the day at 1.2098

\\n

(Last update 6:16pm EST, February 20, 2021)

\\n

\\n

Euro/Dollar yesterday at a glance – EUR/USD gained 27 pips and stayed at 1.2126 levels.

\\n

Visual analysis of the Euro's price graph shows Euro/Dollar immediate resistance is around 1.22, nearest support level is at 1.1969. In terms of trend indicators, we can see that at 1.2157, Euro made an initial breakout above the 50 day Simple Moving Average, an indication of a positive trend. Asset volatility analysis shows that the upper Bollinger band is at 1.2202, This is a slight indication of a slowdown.

\\n

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

\\n

The Euro started 2021 by losing 0.17%.

\\n

\\n
\\n

Just weeks ago, the EU was clamoring for AstraZeneca's Covid-19 vaccine. Now, less than one-tenth of the doses delivered to Germany have been administered https://t.co/QgVQ6bkRTR

\\n

— Bloomberg (@business) February 20, 2021

\\n

\\n

\\n\",\"\\n

The British Pound inches to 1.4009 up 39 pips

\\n

(Last update 7:11pm EST, February 20, 2021)

\\n

\\n

The British Pound on Friday at a glance – GBP/USD spiked to 1.4009, gaining 39 pips.

\\n

Visual analysis of the The British Pound's price graph shows the British Pound's immediate resistance is around 1.4133, nearest support level is at 1.3582. 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 Pound/Dollar is in overbought condition, keep an eye out for a slowdown of gains. In contrast, a slight indication of a slowdown comes from looking at the Bollinger bands: the upper band is at 1.409 – a high enough level to usually suggest The Pound is trading above its value.

\\n

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

\\n

The Pound started in 2021 by gaining 3.11%.

\\n

\\n
\\n

Britain to offer all adults a COVID-19 vaccine by end of July https://t.co/H4DjOMvEWy pic.twitter.com/btKcculjVK

\\n

— Reuters (@Reuters) February 21, 2021

\\n

\\n

\\n\",\"\\n

Trend continues: Yen down 28 pips, closes at 105.41, adding to its four days of losses

\\n

(Last update 7:11pm EST, February 20, 2021)

\\n

\\n

Yen Friday at a glance – USD/JPY slid down from 105.69 to 105.41, taking a 28 pip loss (0.26%).

\\n

In terms of trend indicators, we can see that at 105.34, Yen 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 106.13, indicating a further downward move might be next. However, dollar/yen might start to recover soon because it is getting closer and is now only 85 pips from the support line at 104.55, Obviously, dipping below it could be an indication that further losses are ahead.

\\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 the yen

\\n

The Dollar/Yen started 2021 by gaining 1.88%.

\\n\",\"\\n

Stable day for Swiss franc,sssss parking at 0.8963

\\n

(Last update 7:11pm EST, February 20, 2021)

\\n

\\n

Dollar/Swiss Friday at a glance – With a daily low of 0.8963, USD/CHF closed at 0.8963 after starting the day at 0.8958 and gaining 5 pips (0.06%).

\\n

The Chart pattern study shows the Swiss franc is climbing away and is now 64 pips from the 0.89 support line. In terms of trend indicators, we can see that medium-term trend indications have 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. However, the upper Bollinger band is at 0.9039, indicating a downward move might be next.

\\n

Overall, looking at the technical analysis landscape, it seems the Swiss franc might be pointing upward in the short term.

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Dollar/Swiss started in 2021 by gaining 1.7%.

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The Australian dollar is up 98 pips, trading around 0.7872

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(Last update 7:11pm EST, February 20, 2021)

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The Australian dollar on Friday at a glance – AUD/USD gained 98 pips and stayed at 0.7872 levels.

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Visual analysis of the Aussie/Dollar's price graph shows Australian dollar immediate resistance is around 0.79, nearest support level is at 0.778. 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 Australian dollar is in overbought condition. However, the upper Bollinger band is at 0.79, This is a slight indication of a slowdown.

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

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The Australian dollar started 2021 by gaining 2.63%.

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Facebook has 'tentatively friended' us again, Australia says https://t.co/uOK5fvPYMg pic.twitter.com/JVBZMeFtz1

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— Yahoo Finance (@YahooFinance) February 20, 2021

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