![](\\\"https://images.unsplash.com/photo-1534469589579-86bd01bc003a?ixlib=rb-1.2.1&q=80&fm=jpg&crop=entropy&cs=tinysrgb&w=1080&fit=max&ixid=eyJhcHBfaWQiOjE1NDYwM30\\\")
(Last update 8:51pm EST, February 23, 2021)
\\nThe Dow yesterday at a glance – Dow Jones recovered back to 31,537.35 after dipping down to 31,158.76 in a session that started at 31,521.69.
\\nVisual analysis of the Dow Jones's price graph shows the Dow reversed direction at 31,188.38 support zone and climbed 348.97 points above it. In terms of trend indicators, we can see that at 31,473.36, the Dow 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 Dow Jones might start pointing upward in the short term.
\\nThe Dow Jones started 2021 by gaining 2.9%.
\\n\\n
\\n\\n\\n\\n\",\"\\nWall Street reversed its losses with the S&P 500 and the Dow reclaiming positive territory by the close in a tug-of-war between stocks that thrived amid lockdowns https://t.co/7NoJ3IcIl1 pic.twitter.com/ljznd2gnrM
\\n— Reuters (@Reuters) February 23, 2021
(Last update 8:51pm EST, February 23, 2021)
\\nS&P yesterday at a glance – The S&P 500 traded at 3,881.37 having started the session at 3,857, overall a 0.13% move or 4.87 points.
\\nThe Chart visual study suggests the S&P nearest support level is at 3,714.24. In terms of trend indicators, we can see that at 3,863.66, S&P made an initial breakout above the 21 day Simple Moving Average, an indication of a positive trend.
\\nOverall, looking at the technical analysis landscape, it seems S&P might start pointing upward in the short term.
\\nThe S&P started 2021 by gaining 3.11%.
\\n\",\"\\n(Last update 8:51pm EST, February 23, 2021)
\\nApple yesterday at a glance – Apple recovered back to $125.86 after dipping down to $118.39 in a session that started at $126. Trading volume was 158.27 million, above the daily average of 93.15 million.
\\nThe Chart visual study suggests Apple's resistance level is at $126.6. 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 $125.2, indicating a positive move might be next.
\\nOverall, the technical analysis suggests Apple is neutral for the immediate future, with no clear-cut direction.
\\nWith a market cap of $2.11 trillion The mobile and tech colossus started in 2021 by losing 5.42%. So far this year it is under-performing the S&P by 8.53%.
\\n\\n
\\n\\n\\n\\n\",\"\\nIs Apple About To Cancel Its Coolest iPhone? re: "AppleUnboxed" https://t.co/7SAArcLzjA pic.twitter.com/kskFG3BO6X
\\n— Forbes (@Forbes) February 23, 2021
(Last update 8:51pm EST, February 23, 2021)
\\nFacebook yesterday at a glance – Mark Zuckerberg's company went up to $265.86 and gained $5.53 compared to the $260.33 start of the day (2.12%). Trading volume was 21.66 million, above the daily average of 16.00 million.
\\nThe Chart pattern study shows the nearest resistance level is at $282.05. In terms of trend indicators, we can see that at $258.54, Facebook made an initial breakout above the 200 day Simple Moving Average, an indication of a positive trend. Asset volatility analysis shows that the lower Bollinger band is at $260, indicating further gains might be next.
\\nOverall, looking at the technical analysis landscape, it seems Facebook might continue pointing upwards in the short term.
\\nWith a market cap of $757.07 billion Mark Zuckerberg's company started 2021 by losing 2.81%. So far this year it is under-performing the S&P by 5.92%.
\\n\\n
\\n\\n\\n\\n\",\"\\nFacebook promised to crack down on misinformation using moderators and artificial intelligence, but one hashtag on its own site and another on Instagram that were linked to conspiracy theory groups were only blocked this month after Forbes flagged them https://t.co/WyFjffnSh7
\\n— Forbes Europe (@ForbesEurope) February 23, 2021
(Last update 8:51pm EST, February 23, 2021)
\\nAmazon yesterday at a glance – After dipping down to $3,094.76, Amazon regained earlier losses and reached $3,194.5 Trading volume was 4.68 million, above the daily average of 3.79 million.
\\nThe Chart pattern study shows the nearest resistance level is at $3,322, followed by $3,380 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 lower Bollinger band is at $3,168.58, indicating further gains might be next.
\\nOverall, the technical analysis suggests Amazon is neutral for the immediate future, with no clear-cut direction.
\\nWith a market cap of $1.61 trillion The tech and retail multifaceted giant started 2021 by losing 1.96%. So far this year it is under-performing the S&P by 5.07%.
\\n\\n
\\n\\n\\n\\n\",\"\\nJeff Blackburn, a top Amazon executive and close aide to Chief Executive Jeff Bezos, is leaving the company after taking a yearlong sabbatical https://t.co/7SDWatCaDw
\\n— The Wall Street Journal (@WSJ) February 24, 2021
(Last update 8:41pm EST, February 23, 2021)
\\nMicrosoft yesterday at a glance – The software giant remained in the $233.27 range after starting the session at $234.51 and dropping 0.53%. Trading volume was 30.23 million, above the daily average of 23.45 million.
\\nVisual analysis of Microsoft's price graph 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 $231.83 – a low enough level to usually suggest Microsoft is trading below its value.
\\nOverall, technical indicators suggest Microsoft has no obvious direction for the immediate future.
\\nWith a market cap of $1.76 trillion The iconic OS developer started in 2021 by gaining 4.63%. So far this year it is outperforming the Dow by 1.73%.
\\n\\n
\\n\\n\\n\\n\",\"\\nSolarWinds, Microsoft, FireEye, CrowdStrike executives face U.S. Senate grilling https://t.co/z991L6MIZF pic.twitter.com/WkvZDkTuzn
\\n— Reuters (@Reuters) February 23, 2021
(Last update 8:41pm EST, February 23, 2021)
\\nGoogle yesterday at a glance – Alphabet went up to $2,071, having started the session at $2,025. Overall, a 0.29% move or $6. Trading volume was 1.67 million, above the daily average of 1.16 million.
\\nchart visual study suggests that although Google is green today and was as high as $2,082, it seems to be slowing down slightly and moving away from the $2,128.31 resistance line, and is now $57.45 below it. In terms of trend indicators, we can see that although up today, worth noting that earlier Google dropped below the 21 day Simple Moving Average when it was traded at $2,015, usually an indication that a negative trend is ahead. 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. Japanese Candlesticks formations detected today are the In contrast, the lower Bollinger band is at $2,054.72, indicating further gains might be next. "Bullish engulfing”, 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.
\\nOverall, looking at the technical analysis landscape, it seems a reverse of course in the short term might be next for Google.
\\nWith a market cap of $1.39 trillion The leading search engine company started in 2021 by gaining 15.45%. So far this year it is outperforming the S&P by 12.34%.
\\n\\n
\\n\\n\\n\\n\",\"\\nExclusive: French antitrust investigators say Google breached its orders on talks with news publishers – sources https://t.co/SFzyntyyRQ pic.twitter.com/uhmu2qPEhb
\\n— Reuters Business (@ReutersBiz) February 24, 2021
(Last update 8:41pm EST, February 23, 2021)
\\nTesla yesterday at a glance – The trendy electric car company dropped 2.19% early on and stayed at the $698.84 range. Trading volume was 66.61 million, above the daily average of 28.15 million.
\\nThe Chart visual study suggests Tesla's immediate support is around $641.02, 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. In contrast, a slight indication of recovery comes from looking at the Bollinger bands: the lower band is at $681.05 – 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 $670.78 billion The trendy electric car company started in 2021 by losing 0.96%. So far this year it is under-performing the Nasdaq by 5.72%.
\\n\\n
\\n\\n\\n\\n\",\"\\nTesla has plunged 25% and lost $200 billion in market value since its bitcoin investment https://t.co/45tOg3kSvM pic.twitter.com/K3SlBRARiQ
\\n— Forbes (@Forbes) February 24, 2021
(Last update 8:41pm EST, February 23, 2021)
\\nZoom yesterday at a glance – The video communications platform provider dropped 1.57% early on and stayed at the $388.16 range. Trading volume was 5.56 million, above the daily average of 3.84 million.
\\nChart visual study suggests that although Zoom is down today and was as low as $351.81, it seems to be recovering slightly and climbing away from the $337.32 support line and is now $50.84 above it. In terms of trend indicators, we can see that, although down today, worth noting that at $387.6 Zoom did peak above the 50 day Simple Moving Average earlier, usually an indication that a positive move is maybe ahead. 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 Zoom 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 $381 – a low enough level to usually suggest Zoom is trading below its value.
\\nOverall, technical indicators suggest Zoom has no obvious direction for the immediate future.
\\nWith a market cap of $113.30 billion The video communications platform provider started in 2021 by gaining 12.89%. So far this year it is outperforming the Nasdaq by 8.13%.
\\n\",\"\\n(Last update 8:41pm EST, February 23, 2021)
\\nNetflix yesterday at a glance – The streaming company went up to $546.15 and gained $12.37 compared to the $533.78 start of the day (2.32%). Trading volume was 4.14 million, above the daily average of 2.98 million.
\\nVisual analysis of Netflix's price graph shows the nearest resistance level is at $586.34. In terms of trend indicators, we can see that at $531.74, Netflix 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 $568, This is a slight indication of a slowdown.
\\nOverall, technical indicators suggest Netflix has no obvious direction for the immediate future.
\\nWith a market cap of $241.89 billion The streaming heavyweight started in 2021 by gaining 1.02%. So far this year it is under-performing the S&P by 2.09%.
\\n\\n
\\n\\n\\n\\n\",\"\\nApple’s biggest mistake was not buying Netflix: Dan Ives https://t.co/rPyJQldO1N by @DanielHowley pic.twitter.com/YRn5avNG5C
\\n— Yahoo Finance (@YahooFinance) February 23, 2021
(Last update 8:31pm EST, February 23, 2021)
\\nWalmart yesterday at a glance – The warehouse store chain company recovered some but not all the way back to $137.69 after dipping down to $135.06. Trading volume was 10.37 million, around the average daily.
\\nThursday, 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 $11.73
\\nVisual analysis of Walmart's price graph shows Walmart's immediate support is around $134.56, resistance level is at $139.27. Momentum evaluation shows The Relative Strength Index indicates Walmart is in strong oversold condition.
\\nOverall, looking at the technical analysis landscape, it seems Walmart is likely to continue pointing down in the short term.
\\nWith a market cap of $383.28 billion The discount department and warehouse stores chain started in 2021 by losing 6.3%. So far this year it is under-performing the Dow by 9.2%.
\\n\",\"\\n(Last update 8:31pm EST, February 23, 2021)
\\nProcter & Gamble yesterday at a glance – The consumer goods company rallied 0.74% and maintained at the $127.52 level. Trading volume was 10.13 million, above the daily average of 7.85 million.
\\nThe Chart pattern study shows Procter & Gamble reversed direction at $129.57 resistance zone and retreated back to $2.05 below it. Asset volatility analysis shows that a slight indication of a slowdown comes from looking at the Bollinger bands: the upper band is at $129.5 – a high enough level to usually suggest Procter & Gamble is trading above its value. In contrast, at $129, Procter & Gamble made an initial breakout above the 21 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 Procter & Gamble
\\nWith a market cap of $314.02 billion The consumer goods corporation started 2021 by losing 9.18%. So far this year it is under-performing the Dow Jones by 12.08%.
\\n\",\"\\n(Last update 8:31pm EST, February 23, 2021)
\\nWalt Disney yesterday at a glance – The entertainment and content production company rallied 2.78% and maintained at $197.09 level. Trading volume was 23.00 million, above the daily average of 15.26 million.
\\nThe Chart pattern study shows Walt Disney's immediate resistance is around $201.13, nearest support level is at $163.03. In terms of trend indicators, we can see that the CCI indicator is above 100. When the CCI (Commodity Channel Index) is at this level, it means the price is above the average price as measured by the indicator, indicating a possible start of a new uptrend. Momentum evaluation shows The Relative Strength Index indicates Walt Disney is in overbought condition, keep an eye out for a slowdown of gains. However, the upper Bollinger band is at $198.25, This is a slight indication of a slowdown.
\\nOverall, looking at the technical analysis landscape, it seems Walt Disney is likely to continue pointing upward in the short term.
\\nWith a market cap of $357.77 billion The entertainment giant started in 2021 by gaining 8.3%. So far this year it is outperforming the Dow by 5.4%.
\\n\",\"\\n(Last update 8:31pm EST, February 23, 2021)
\\nStarting the session at $50.63, the soft drinks giant rallied above $51.51 for the first time in 7 weeks, gaining nine cents, and closed at $50.54.
\\nThe Chart visual study suggests 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 $50.94, Coca-Cola made an initial breakout below the 50 day Simple Moving Average, an indication of a negative trend. Asset volatility analysis shows that the upper Bollinger band is at $51.04, indicating a further downward move might be next. However, 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 Coca-Cola
\\nWith a market cap of $217.42 billion The soft drinks giant started 2021 by losing 8.49%. So far this year it is under-performing the Dow by 11.39%.
\\n\",\"\\n(Last update 8:31pm EST, February 23, 2021)
\\nPfizer yesterday at a glance – The pharmaceuticals and biotechnology company dropped 1.02% early on and stayed at the $33.91 range. Trading volume was 37.34 million, above the daily average of 29.45 million.
\\nThe Chart visual study suggests Pfizer's immediate support is around $33.66, resistance level is at $36.48. 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 Pfizer 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 $33.82 – a low enough level to usually suggest Pfizer 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 Pfizer.
\\nWith a market cap of $188.49 billion The pharmaceuticals and biotechnology company started 2021 by losing 8.46%. So far this year it is under-performing the Dow by 11.36%.
\\n\\n
\\n\\n\\n\\n\",\"\\nPfizer and Moderna say they expect to double vaccine production over the coming weeks. @megtirrell has the details on the ramp up. https://t.co/qSVx6iwQFz pic.twitter.com/9gm87T3N7R
\\n— The News with Shepard Smith (@thenewsoncnbc) February 24, 2021
(Last update 8:31pm EST, February 23, 2021)
\\nMcDonald's yesterday at a glance – light red but with no clear-cut direction, the fast food giant closed the session at $211.32 after ranging between $215.7 and $210.43. Trading volume was 3.24 million, around the average daily.
\\nVisual analysis of the McDonald's's price graph shows although McDonald's is down today and was as low as $210.43, it seems to be recovering slightly and climbing away from the $206.82 support line and is now $4.5 above it. In terms of trend indicators, we can see that at $212, McDonald's made an initial breakout below the 50 day Simple Moving Average, an indication of a negative trend.
\\nOverall, the technical analysis suggests McDonald's is neutral for the immediate future, with no clear-cut direction.
\\nWith a market cap of $157.46 billion The fast food giant started 2021 by losing 1.54%. So far this year it is under-performing the Dow Jones by 4.44%.
\\n\",\"\\n(Last update 8:31pm EST, February 23, 2021)
\\nStart of session at a glance – After starting the day at $47,670 Bitcoin went up to $49,300 only to drop back, yet still positive overall today, trading now at $49,300.
\\nThe Chart pattern study shows the nearest resistance level is at $57,540. In terms of trend indicators, we can see that even though currently pointing up, the 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.
\\nOverall, looking at the technical analysis landscape, it seems Bitcoin is likely to reverse course and start pointing down in the short term.
\\nWith a market cap of 918.86 billion Bitcoin started in 2021 by gaining 44.43%.
\\n\\n
\\n\\n\\n\\n\",\"\\nTesla has plunged 25% and lost $200 billion in market value since its bitcoin investment https://t.co/45tOg3kSvM pic.twitter.com/K3SlBRARiQ
\\n— Forbes (@Forbes) February 24, 2021
(Last update 8:31pm EST, February 23, 2021)
\\nStart of session at a glance – Light green, mostly flat: Gold ranges between $1,810.5 and $1,804.4 and is now at $1,809.6.
\\nA Visual analysis of the Gold's price graph shows the nearest resistance level is at $1,844.2, followed by $1,866 at the next level. 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.
\\nOverall, looking at the technical analysis landscape, it seems Gold might continue pointing upwards in the short term.
\\nGold started 2021 by losing 4.68%.
\\n\",\"\\n(Last update 8:31pm EST, February 23, 2021)
\\nStart of session at a glance – Crude slides down from $61.67 to $61.28, losing 39 cents (0.63%).
\\nVisual analysis of the Oil's price graph shows oil might start to recover soon because it is getting close and is now only $2.04 from the support line at $59.24, Obviously, dipping below it could be an indication that further losses are ahead. In terms of trend indicators, we can see that the CCI indicator is above 100. When the CCI (Commodity Channel Index) is at this level, it means the price is above the average price as measured by the indicator, indicating a possible start of a new uptrend. Momentum evaluation shows The Relative Strength Index indicates oil is in overbought condition. In contrast, The upper Bollinger band at $62.95, indicating a further downward move might be next.
\\nOverall, looking at the technical analysis landscape – although indicators are mixed and some are pointing in different directions, it seems crude oil might reverse course and start pointing upward in the short term.
\\nCrude oil started 2021 by gaining 21.03%.
\\n\\n
\\n\\n\\n\\n\",\"\\nPetrobras gets single offer from SBM for Mero 4 oil platform – sources https://t.co/xQW5nHYRr0 pic.twitter.com/yiFMaXEbev
\\n— Reuters (@Reuters) February 24, 2021
(Last update 8:31pm EST, February 23, 2021)
\\nStart of session at a glance – EUR/USD is trading steadily today, ranging between 1.2167 and 1.2148 and is now at 1.2162.
\\nVisual analysis of the Euro/Dollar's price graph shows the Euro's nearest support level is at 1.1969. In terms of trend indicators, we can see that at 1.216, Euro/Dollar 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 1.2221, indicating a downward move might be next.
\\nOverall, technical indicators suggest the Euro/Dollar has no obvious direction for the immediate future.
\\nThe Euro started 2021 by losing 0.54%.
\\n\\n
\\n\\n\\n\\n\",\"\\nAstraZeneca tells EU it expects to deliver less than half the COVID-19 vaccines it was contracted to supply in Q2 https://t.co/nZi1Tcx8YB
\\n— ForexLive (@ForexLive) February 24, 2021
(Last update 9:11pm EST, February 23, 2021)
\\nAfter starting the day at 1.4114, GBP/USD rallied to 1.421, hitting its highest point in 2 years, It later lost 39 pips and is now trading at 1.417
\\nThe Chart pattern study shows the Pound/Dollar nearest support level is at 1.3665. 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 strong overbought condition. In contrast, the upper Bollinger band is at 1.4212, This is a slight indication of a slowdown.
\\nOverall, looking at the technical analysis landscape, it seems the pound/dollar likely to continue pointing upward in the short term.
\\nThe British Pound started in 2021 by gaining 2.84%.
\\n\\n
\\n\\n\\n\\n\",\"\\nBritain’s experience with inoculations, with the evidence from Israel, offers hope to other countries https://t.co/EgWuzTDIAm
\\n— The Economist (@TheEconomist) February 24, 2021
(Last update 9:11pm EST, February 23, 2021)
\\nStart of session at a glance – Hesitant but green: from an earlier low of 105.16, USD/JPY is up to 105.39, gaining 15 pips compared to the 105.24 start of the day (0.15%).
\\nVisual analysis of the Yen's price graph shows the Yen could be slowing down soon as it is approaching and is only 65 pips away from resistance at 106.04, of course, crossing it might suggest further gains are ahead. In terms of trend indicators, we can see that although up today, worth noting that earlier the yen dropped below the 200 day Simple Moving Average when it was trading at 105.3, usually an indication that a negative trend is ahead. Asset volatility analysis shows that a slight indication of a slowdown comes from looking at the Bollinger bands: the upper band is at 106.14 – a high enough level to usually suggest the Yen is trading above its value.
\\nOverall, looking at the technical analysis landscape, it seems the Yen is likely to reverse course and start pointing down in the short term.
\\nThe Yen started in 2021 by gaining 1.73%.
\\n\",\"\\n(Last update 9:11pm EST, February 23, 2021)
\\nStart of session at a glance – USD/CHF is trading steadily today, ranging between 0.9065 and 0.9043 and is now at 0.9055.
\\nA Visual analysis of the Dollar/Swiss's price graph shows the Swiss franc's nearest support level is at 0.87. In terms of trend indicators, we can see that the CCI indicator is above 100. When the CCI (Commodity Channel Index) is at this level, it means the price is above the average price as measured by the indicator, indicating a possible start of a new uptrend. Asset volatility analysis shows that the upper Bollinger band is at 0.9106, indicating a downward move might be next.
\\nOverall, the technical analysis suggests Dollar/Swiss is neutral for the immediate future, with no clear-cut direction.
\\nThe Swiss franc started in 2021 by gaining 1.2%.
\\n\",\"\\n(Last update 9:11pm EST, February 23, 2021)
\\nAfter starting the day at 0.7914, AUD/USD rallied to 0.795, hitting its highest point in 3 years, It later lost 9 pips and is now trading at 0.7941
\\nThe Chart pattern study shows the Aussie/Dollar nearest support level is at 0.778. Momentum evaluation shows The Relative Strength Index indicates the Aussie/Dollar 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 0.7979 – a high enough level to usually suggest the Aussie/Dollar is trading above its value.
\\nOverall, technical indicators suggest the Australian dollar has no obvious direction for the immediate future.
\\nThe Aussie/Dollar started 2021 by gaining 2.76%.
\\n\\n
\\n\\n\\n\\n\\n\"],\"title\":\"Financial Markets Review – 23 February 2021 – 21:11:30\",\"date\":\"2021-02-24T02:11:30\"}"; var omg_ads = JSON.parse(decodeHtml(omg_ads_string)); } catch (e) { var omg_ads = JSON.parse(omg_ads_string); }Why the Reserve Bank of Australia would really prefer that its currency didn’t trade above 80 U.S. cents just as the economy is trying to recover from the pandemic https://t.co/vfmDSrdlDT
\\n— Bloomberg (@business) February 24, 2021
![](\\\"https://images.unsplash.com/photo-1599566530569-68774cad9cfc?ixlib=rb-1.2.1&q=80&fm=jpg&crop=entropy&cs=tinysrgb&w=1080&fit=max&ixid=eyJhcHBfaWQiOjE1NDYwM30\\\")
![](\\\"https://images.unsplash.com/photo-1579693409321-1be2df1ab130?ixlib=rb-1.2.1&q=80&fm=jpg&crop=entropy&cs=tinysrgb&w=1080&fit=max&ixid=eyJhcHBfaWQiOjE1NDYwM30\\\")
![](\\\"https://images.unsplash.com/photo-1596526131158-52be64dcc208?ixlib=rb-1.2.1&q=80&fm=jpg&crop=entropy&cs=tinysrgb&w=1080&fit=max&ixid=eyJhcHBfaWQiOjE1NDYwM30\\\")
![](\\\"https://images.unsplash.com/photo-1523474253046-8cd2748b5fd2?ixlib=rb-1.2.1&q=80&fm=jpg&crop=entropy&cs=tinysrgb&w=1080&fit=max&ixid=eyJhcHBfaWQiOjE1NDYwM30\\\")
![](\\\"https://images.unsplash.com/photo-1530133532239-eda6f53fcf0f?ixlib=rb-1.2.1&q=80&fm=jpg&crop=entropy&cs=tinysrgb&w=1080&fit=max&ixid=eyJhcHBfaWQiOjE1NDYwM30\\\")
![](\\\"https://images.unsplash.com/photo-1529612700005-e35377bf1415?ixlib=rb-1.2.1&q=80&fm=jpg&crop=entropy&cs=tinysrgb&w=1080&fit=max&ixid=eyJhcHBfaWQiOjE1NDYwM30\\\")
![](\\\"https://images.unsplash.com/photo-1572191267783-5618f992aff5?ixlib=rb-1.2.1&q=80&fm=jpg&crop=entropy&cs=tinysrgb&w=1080&fit=max&ixid=eyJhcHBfaWQiOjE1NDYwM30\\\")
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