\\n

\\n\",\"\\n

Stable day for Dow Jones, parking at 31,521.69

\\n

(Last update 7:32pm EST, February 22, 2021)

\\n

\\n

Dow yesterday at a glance – Hesitant but green: from an early low of 31,286.57, Dow Jones went up to 31,521.69 and gained 27.37 points compared to the 31,494.32 start of the day (0.09%).

\\n

The Chart pattern study shows the Dow might start to recover soon because it is getting closer and is now only 333.31 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 31,436, the Dow 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 the Dow might start pointing upward in the short term.

\\n

The Dow Jones started 2021 by gaining 2.91%.

\\n\",\"\\n

The S&P will open at 3,876.5 after six straight days of drops.

\\n

(Last update 7:32pm EST, February 22, 2021)

\\n

\\n

The S&P 500 yesterday at a glance – S&P 500 remained in the 3,876.5 range after starting the session at 3,906.71 and dropping 30.21 points.

\\n

The Chart pattern study shows the S&P might start to recover soon because it is getting close and is now only 21.14 points from the support line at 3,855.36, Obviously, dipping below it could be an indication that further losses are ahead.

\\n

Overall, looking at the technical analysis landscape, it seems the S&P 500 might start pointing upward in the short term.

\\n

The S&P started 2021 by gaining 3.08%.

\\n\",\"\\n

Apple is trading around $126 after losing 2.98% yesterday.

\\n

(Last update 7:32pm EST, February 22, 2021)

\\n

\\n

Apple yesterday at a glance – Apple remained in the $126 range after starting the session at $129.87 and dropping 2.98%. Trading volume was 100.93 million, above the daily average of 92.26 million.

\\n

Visual analysis of the Apple's price graph shows Apple immediate support is around $124.49, resistance level is at $143.16. 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 $126.4 – a low enough level to usually suggest Apple is trading below its value.

\\n

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

\\n

With a market cap of $2.12 trillion Apple started 2021 by losing 5.15%. So far this year it is under-performing the S&P by 8.23%.

\\n

\\n
\\n

UK court blocks Epic Games from contesting Apple's Fortnite ban https://t.co/JsZ6Fij969 pic.twitter.com/wKsREbj8aQ

\\n

— Reuters (@Reuters) February 22, 2021

\\n

\\n

\\n\",\"\\n

Trend continues: Facebook is down 0.47%, closes at $260.33 adding to its five days of losses.

\\n

(Last update 7:32pm EST, February 22, 2021)

\\n

\\n

Facebook yesterday at a glance – Facebook recovered back almost all the way to $261.56 after dipping down to $257.53. Trading volume was 16.70 million, above the daily average of 16.50 million.

\\n

The Chart pattern study 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 at $258.28, Facebook made an initial breakout below the 200 day Simple Moving Average, an indication of a negative trend. The CCI indicator is bellow -100. When the CCI (Commodity Channel Index) is at this level, it means the price is below the average price as measured by the indicator, indicating a possible start of a new downtrend. However, a slight indication of recovery comes from looking at the Bollinger bands: the lower band is at $257.52 – a low enough level to usually suggest Facebook is trading below its value.

\\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 Facebook.

\\n

With a market cap of $741.33 billion, Facebook started 2021 by losing 4.91%. So far this year it is under-performing the S&P 500 by 8%.

\\n

\\n
\\n

Citigroup’s embarrassing money transfer mishap. Facebook’s fight with Australia. And Walmart’s big pay raise. Here’s the business and tech news you need to know for the week ahead. https://t.co/SB5OHaI17W

\\n

— NYT Business (@nytimesbusiness) February 22, 2021

\\n

\\n

\\n\",\"\\n

Amazon is trading around $3,180.74 after losing 2.13% yesterday.

\\n

(Last update 7:32pm EST, February 22, 2021)

\\n

\\n

Amazon yesterday at a glance – Amazon dropped 2.13% early on and stayed at the $3,180.74 range. Trading volume was 3.34 million, below the daily average of 3.70 million.

\\n

Visual analysis of Amazon's price graph shows Amazon might start to recover soon because it is getting close and is now only $76.49 from the support line at $3,104.25, 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 $3,173.38 – a low enough level to usually suggest Amazon is trading below its value. In contrast, 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.

\\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 $1.60 trillion Amazon has started 2021 by losing 2.34%. So far this year it is under-performing the S&P 500 by 5.42%.

\\n\",\"\\n

The trend continues: Microsoft, down 2.68%, closes at $234.51 adding to its four days of losses.

\\n

(Last update 7:56pm EST, February 22, 2021)

\\n

\\n

Microsoft yesterday at a glance – Microsoft remained in the $234.51 range after starting the session at $240.97 and dropping 2.68%. Trading volume was 33.97 million, above the daily average of 22.47 million.

\\n

The Chart pattern study shows the nearest support level is at $212.25 while the closest resistance is at $245. 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 Microsoft is in strong oversold condition. Asset volatility analysis shows that a slight indication of recovery comes from looking at the Bollinger bands: the lower band is at $234.63 – a low enough level to usually suggest Microsoft is trading below its value.

\\n

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

\\n

With a market cap of $1.77 trillion Microsoft has started 2021 by gaining 5%. So far this year it is outperforming the Dow by 2.11%.

\\n

\\n
\\n

Microsoft joins forces with European news publishers https://t.co/PWqep8AmOz

\\n

— Financial Times (@FT) February 22, 2021

\\n

\\n

\\n\",\"\\n

Google closed at $2,065, up 1.73%, adding one more to its four straight days of losses.

\\n

(Last update 7:56pm EST, February 22, 2021)

\\n

\\n

Google yesterday at a glance – Alphabet dropped 1.73% early on and stayed at the $2,065 range. Trading volume was 1.31 million, above the daily average of 1.12 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 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 $2,057.55 – a low enough level to usually suggest Google is trading below its value.

\\n

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

\\n

With a market cap of $1.39 trillion Google has started 2021 by gaining 14.9%. So far this year it is outperforming the S&P by 11.82%.

\\n

\\n
\\n

Google's program for Black college students suffered disorganization and culture clashes, former participants say. https://t.co/kHlYPzeL6r

\\n

— CNBC (@CNBC) February 22, 2021

\\n

\\n

\\n\",\"\\n

Tesla dropped by eight cents, its largest single-day drop since September 2020

\\n

(Last update 7:56pm EST, February 22, 2021)

\\n

\\n

Tesla dropped by eight cents, its largest single-day drop since September 2020

\\n

The Chart visual study suggests Tesla's immediate support is around $693.83, 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 strong oversold condition. However, a slight indication of recovery comes from looking at the Bollinger bands: the lower band is at $705.53 – a low enough level to usually suggest Tesla is trading below its value.

\\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 Tesla.

\\n

With a market cap of $685.82 billion Tesla started 2021 by gaining 1.13%. So far this year it is under-performing the Nasdaq by 3.52%.

\\n

\\n
\\n

Spike in Treasury yields hits some high-flying stocks:

\\n

– Nasdaq 100 down 2.6%
– Peloton down 10%
– Tesla down 8.6%
– ARK ETF down 5.8%https://t.co/f6fJelhE6D pic.twitter.com/jKilovajNk

\\n

— Tracy Alloway (@tracyalloway) February 22, 2021

\\n

\\n

\\n\",\"\\n

Trend continues: Zoom down 5.49%, closes at $394.34 adding to its five days of losses

\\n

(Last update 7:56pm EST, February 22, 2021)

\\n

\\n

Zoom yesterday at a glance – Zoom remained in the $394.34 range after starting the session at $417.26 and dropping 5.49%. Trading volume was 4.14 million, above the daily average of 3.64 million.

\\n

The Chart pattern study shows the nearest support level is at $337.32 while the closest resistance is at $444.51. In terms of trend indicators, we can see that at $403.07, Zoom made an initial breakout below the 21 day Simple Moving Average, an indication of a negative trend. The CCI indicator is bellow -100. When the CCI (Commodity Channel Index) is at this level, it means the price is below the average price as measured by the indicator, indicating a possible start of a new downtrend. In contrast, a slight indication of recovery comes from looking at the Bollinger bands: the lower band is at $390.44 – a low enough level to usually suggest Zoom is trading below its value.

\\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 Zoom.

\\n

With a market cap of $115.10 billion Zoom started in 2021 by gaining 13.67%. So far this year it is outperforming the Nasdaq by 9%.

\\n\",\"\\n

Netflix closed at $533.78, up 1.19%, adding one more to its five straight days of losses.

\\n

(Last update 7:56pm EST, February 22, 2021)

\\n

\\n

Netflix yesterday at a glance – Netflix remained in the $533.78 range after starting the session at $540.22 and dropping 1.19%. Trading volume was 3.01 million, above the daily average of 2.84 million.

\\n

Chart visual study suggest Netflix might start to recover soon because it is getting closer and is now only $10.5 from the support line at $523.28, 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 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 Netflix 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 $530.39 – a low enough level to usually suggest Netflix is trading below its value.

\\n

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

\\n

With a market cap of $236.41 billion Netflix started 2021 by losing 1.29%. So far this year it is under-performing the S&P 500 by 4.37%.

\\n\",\"\\n

Walmart is trading around $137.69 after losing 0.47% yesterday.

\\n

(Last update 7:31pm EST, February 22, 2021)

\\n

\\n

Walmart yesterday at a glance – Walmart slid down from $138.34 to $137.69, taking a 65 cents loss (0.47%). Trading volume was 10.30 million, above the daily average of 9.81 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 $9.51

\\n

The Chart visual study suggests Walmart's immediate support is around $136.51, resistance level is at $139.27. In terms of trend indicators, we can see that at $136.96, Walmart made an initial breakout below the 200 day Simple Moving Average, an indication of a negative trend. The CCI indicator is bellow -100. When the CCI (Commodity Channel Index) is at this level, it means the price is below the average price as measured by the indicator, indicating a possible start of a new downtrend. Momentum evaluation shows The Relative Strength Index indicates Walmart 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 $135.25 – a low enough level to usually suggest Walmart is trading below its value.

\\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 Walmart.

\\n

With a market cap of $389.56 billion Walmart started 2021 by losing 4.67%. So far this year it is under-performing the Dow Jones by 7.58%.

\\n

\\n
\\n

Citigroup’s embarrassing money transfer mishap. Facebook’s fight with Australia. And Walmart’s big pay raise. Here’s the business and tech news you need to know for the week ahead. https://t.co/SB5OHaI17W

\\n

— NYT Business (@nytimesbusiness) February 22, 2021

\\n

\\n

\\n\",\"\\n

Procter & Gamble is trading around $126.58 after losing 0.42% yesterday.

\\n

(Last update 7:31pm EST, February 22, 2021)

\\n

\\n

Procter & Gamble yesterday at a glance – Procter & Gamble slid down from $127.12 to $126.58, losing 54 cents (0.42%). Trading volume was 6.61 million, below the daily average of 7.44 million.

\\n

The Chart visual study suggests Procter & Gamble's immediate support is around $126.23, resistance level is at $127.62. 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 $126.16 – 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 $311.70 billion Procter & Gamble started 2021 by losing 9.88%. So far this year it is under-performing the Dow by 12.79%.

\\n\",\"\\n

Walt Disney will open at $191.76 after gaining 4.42% yesterday.

\\n

(Last update 7:31pm EST, February 22, 2021)

\\n

\\n

Walt Disney yesterday at a glance – After starting yesterday at $183.65 Walt Disney went up to $194.02 only to drop back to the half way point range, closing at $191.76. Trading volume was 17.23 million, above the daily average of 14.50 million.

\\n

Visual analysis of the Walt Disney's price graph shows Walt Disney's immediate resistance is around $196.67, nearest support level is at $163.03. In terms of trend indicators, we can see that at $186.7, Walt Disney made an initial breakout above the 10 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. In contrast, a slight indication of a slowdown comes from looking at the Bollinger bands: the upper band is at $193.92 – a high enough level to usually suggest Walt Disney is trading above its value.

\\n

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

\\n

With a market cap of $348.09 billion Walt Disney started in 2021 by gaining 5.76%. So far this year it is outperforming the Dow by 2.85%.

\\n\",\"\\n

Coca-Cola will open at $50.63 after gaining 1.04% yesterday.

\\n

(Last update 7:31pm EST, February 22, 2021)

\\n

\\n

Coca-Cola yesterday at a glance – Having started the day at $49.85, Coca-Cola spiked to $50.88, closing at $50.63 and gaining 1.04% overall. Trading volume was 13.24 million, below the daily average of 16.03 million.

\\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 at $50.11, Coca-Cola made an initial breakout above the 10 day Simple Moving Average, an indication of a positive trend. Asset volatility analysis shows that a slight indication of a slowdown comes from looking at the Bollinger bands: the upper band is at $51 – a high enough level to usually suggest Coca-Cola is trading above its value.

\\n

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

\\n

With a market cap of $217.81 billion Coca-Cola started 2021 by losing 8.4%. So far this year it is under-performing the Dow Jones by 11.31%.

\\n

\\n
\\n

Blowback at Coca-Cola over Dasani donation in Texas https://t.co/lz7Luh2FeW pic.twitter.com/USpuGATgOf

\\n

— Forbes (@Forbes) February 22, 2021

\\n

\\n

\\n\",\"\\n

At $34.04 Pfizer is down to its lowest value in 7 months.

\\n

(Last update 7:31pm EST, February 22, 2021)

\\n

\\n

After starting the day at $34.44 Pfizer dropped to $34.04, hitting its lowest point in 7 months, it later recovered 21 cents and closed at $34.26

\\n

The Chart visual study suggests Pfizer's immediate support is around $34.08, 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 a slight indication of recovery comes from looking at the Bollinger bands: the lower band is at $34.15 – a low enough level to usually suggest Pfizer is trading below its value.

\\n

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

\\n

With a market cap of $190.43 billion Pfizer started 2021 by losing 7.4%. So far this year it is under-performing the Dow by 10.31%.

\\n

\\n
\\n

Early data suggests excellent news about Pfizer’s vaccine https://t.co/sapki2FLcJ pic.twitter.com/TMhJwlV2lQ

\\n

— Forbes (@Forbes) February 22, 2021

\\n

\\n

\\n\",\"\\n

Steady McDonald's parks at $212.06

\\n

(Last update 7:46pm EST, February 22, 2021)

\\n

\\n

McDonald's yesterday at a glance – McDonald's recovered back to $212.06 after dipping down to $209.71 in a session that started at $212.24. Trading volume was 2.48 million, below the daily average of 3.15 million.

\\n

Visual analysis of the McDonald's's price graph shows McDonald's is climbing away and is now $5.24 from the $206.82 support line. In terms of trend indicators, we can see that at $211.92, McDonald's made an initial breakout above the 50 day Simple Moving Average, an indication of a positive trend. In contrast, 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 McDonald's might be pointing upward in the short term.

\\n

With a market cap of $158.01 billion McDonald's started 2021 by losing 1.19%. So far this year it is under-performing the Dow by 4.1%.

\\n\",\"\\n

After starting the day at $53,549, Bitcoin inches up to $53,665 (up $115)

\\n

(Last update 7:46pm EST, February 22, 2021)

\\n

\\n

Visual analysis of the Bitcoin's price graph shows Bitcoin's immediate resistance is around $57,100, nearest support level is at $30,433. 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 Bitcoin is likely to reverse course and start pointing down in the short term.

\\n

With a market cap of 1.00 trillion Bitcoin started in 2021 by gaining 49.43%.

\\n

\\n
\\n

Elon Musk issues stark Bitcoin warning https://t.co/bSyl8flhiO pic.twitter.com/Hpflhpw64R

\\n

— Forbes (@Forbes) February 22, 2021

\\n

\\n

\\n\",\"\\n

A slow down? After four days of going up, Gold is flat today, hovering around $1,808

\\n

(Last update 7:46pm EST, February 22, 2021)

\\n

\\n

Start of session at a glance – A mostly flat day so far for gold ranging between $1,811 and $1,808 and is now at $1,808.

\\n

A Visual analysis of the Gold's price graph shows Gold's resistance level is at $1,844.2.

\\n

Gold started 2021 by losing 4.73%.

\\n

\\n
\\n

“It’s disappointing to see so many college sports cut around the country,” five-time Olympic Gold Medalist @katieledecky says. “College is oftentimes… a part of the journey to the Olympics for a lot of athletes.” Also talks about preparing for the Tokyo Olympics amid COVID-19: pic.twitter.com/7r1DHI2QTk

\\n

— Yahoo Finance (@YahooFinance) February 22, 2021

\\n

\\n

\\n\",\"\\n

Crude oil was up 0.33%, trading around $61.69

\\n

(Last update 7:46pm EST, February 22, 2021)

\\n

\\n

Start of session at a glance – Small gain for crude oil at $61.69 after ranging today between $58.82 and $61.84.

\\n

A Visual analysis of the Oil's price graph shows Oil's immediate resistance is around $62.75, nearest support level is at $61.14. Momentum evaluation shows the Relative Strength Index indicates crude oil is in overbought condition, keep an eye out for a slowdown of gains. Asset volatility analysis shows that a slight indication of a slowdown comes from looking at the Bollinger bands: the upper band is at $63.07 – a high enough level to usually suggest oil is trading above its value.

\\n

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

\\n

Crude oil started 2021 by gaining 21.42%.

\\n

\\n
\\n

Pain spread through Brazilian markets on Monday amid President Jair Bolsonaro’s pivot toward interventionism.

\\n

State-controlled oil giant Petrobras tumbled 22%, erasing nearly $14B from its market cap, its biggest one-day wipeout since March 9.

\\n

Details: https://t.co/rmusYYG8ko pic.twitter.com/6JcJUe1PnH

\\n

— Bloomberg TV (@BloombergTV) February 22, 2021

\\n

\\n

\\n\",\"\\n

The Euro hovers around 1.217

\\n

(Last update 7:46pm EST, February 22, 2021)

\\n

\\n

A Visual analysis of the Euro/Dollar's price graph shows EUR/USD nearest support level is at 1.1969. Asset volatility analysis shows that the upper Bollinger band is at 1.222, indicating a downward move might be next.

\\n

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

\\n

The Euro started 2021 by losing 0.17%.

\\n

\\n
\\n

Slovak minister asks EU partners for vaccines to help 'tragic' COVID situation https://t.co/XLEts5ul8J pic.twitter.com/jVFSWEltlb

\\n

— Reuters (@Reuters) February 22, 2021

\\n

\\n

\\n\",\"\\n

The Pound/Dollar hovers around 1.4068

\\n

(Last update 8:11pm EST, February 22, 2021)

\\n

\\n

Start of session at a glance – GBP/USD trading at 1.4068 with no clear-cut direction, ranging between 1.4077 and 1.4061.

\\n

Chart visual study suggests the British Pound's nearest support level is at 1.3665. Momentum evaluation shows The Relative Strength Index indicates the British Pound is in overbought condition. Asset volatility analysis shows that the upper Bollinger band is at 1.4162, indicating a downward move might be next.

\\n

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

\\n

The Pound started in 2021 by gaining 3.09%.

\\n

\\n
\\n

UK court blocks Epic Games from contesting Apple's Fortnite ban https://t.co/JsZ6Fij969 pic.twitter.com/wKsREbj8aQ

\\n

— Reuters (@Reuters) February 22, 2021

\\n

\\n

\\n\",\"\\n

The Yen is steady at 105, no significant movement

\\n

(Last update 8:11pm EST, February 22, 2021)

\\n

\\n

Start of session at a glance – USD/JPY sliding down from 105.05 to 105, taking a 5 pip loss (0.05%).

\\n

Visual analysis of the Yen's price graph shows the Yen might start to recover soon because it is getting close and is now only 45 pips from the support line at 104.55, Obviously, dipping below it could be an indication that further losses are ahead. In terms of trend indicators, we can see that at 104.95, Yen made an initial breakout below the 21 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. Asset volatility analysis shows that the lower Bollinger band is at 104.35, indicating a positive move might be next.

\\n

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

\\n

The Dollar/Yen started 2021 by gaining 2.12%.

\\n\",\"\\n

Dollar/Swiss holds at 0.8957

\\n

(Last update 8:11pm EST, February 22, 2021)

\\n

\\n

Start of session at a glance – USD/CHF is trading steadily today, ranging between 0.8965 and 0.8946 and is now at 0.8957.

\\n

Visual analysis of the Dollar/Swiss's price graph shows the Swiss franc resistance level is at 0.9042. In terms of trend indicators, we can see that at 0.8953, Swiss franc made an initial breakout below the 5 day Simple Moving Average, an indication of a negative trend.

\\n

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

\\n

Dollar/Swiss started 2021 by losing 1.65%.

\\n\",\"\\n

The Australian dollar went back up to February 2018 levels, reaching 0.7924

\\n

(Last update 8:11pm EST, February 22, 2021)

\\n

\\n

Starting the session at 0.7919, AUD/USD rallied above 0.7924 for the first time in 3 years, gaining 1 pips, and is now trading at 0.7917.

\\n

A Visual analysis of the Australian dollar's price graph shows the Australian dollar's 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 Aussie/Dollar is in strong overbought condition. On the other hand, note that the upper Bollinger band is at 0.796, indicating a downward move might be next.

\\n

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

\\n

The Aussie/Dollar started 2021 by gaining 2.59%.

\\n

\\n
\\n

Canva, the most valuable tech startup in Australia, acquired two European companies as the online design platform doubles down on visual communications tools https://t.co/5BKUGLEae1

\\n

— Bloomberg (@business) February 22, 2021

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