![](\\\"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 24, 2021)
\\nDow Jones yesterday at a glance – Dow Jones gained 424.65 points and stayed at 31,962 levels.
\\nThe Chart visual study suggests Dow immediate resistance is around 32,174, nearest support level is at 31,188.38. In terms of trend indicators, we can see that although up today, worth noting that earlier the Dow Jones dropped below the 10 day Simple Moving Average when it was trading at 31,488.52, usually an indication that a negative trend is ahead. 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 32,267.35, This is a slight indication of a slowdown. 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. The Relative Strength Index indicates the Dow Jones 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 Dow
\\nThe Dow started 2021 by gaining 4.3%.
\\n\\n
\\n\\n\\n\\n\",\"\\nFutures edge up after Dow hits highs and Nasdaq extends rebound. But Nvidia, Teladoc lead stocks near buy points falling late on earnings. And yes, GameStop is back, surging overnight after doubling Wed.https://t.co/cP0hQrXGc8 $TSLA $NVDA $TDOC $PGNY $NTAP $IIPR $MRNA $GME $AMD pic.twitter.com/qL4eBALvm2
\\n— Ed Carson (@IBD_ECarson) February 24, 2021
(Last update 8:51pm EST, February 24, 2021)
\\nS&P 500 yesterday at a glance – With a daily low of 3,859.6, S&P 500 closed at 3,925.43 after starting the day at 3,881.37 and gaining 44.06 points (1.14%).
\\nThe Chart pattern study shows S&P immediate resistance is around 3,949.47, nearest support level is at 3,855.36. In terms of trend indicators, we can see that although up today, worth noting that earlier the S&P dropped below the 21 day Simple Moving Average when it was trading at 3,865.56, usually an indication that a negative trend is ahead.
\\nOverall, looking at the technical analysis landscape, it seems the S&P 500 is likely to reverse course and start pointing down in the short term.
\\nThe S&P 500 started 2021 by gaining 4.36%.
\\n\",\"\\n(Last update 8:51pm EST, February 24, 2021)
\\nApple yesterday at a glance – The sleek phone manufacturer recovered some but not all the way back to $125.86 after dipping down to $122.23. Trading volume was 111.04 million, above the daily average of 89.23 million.
\\nThe Chart visual study suggests Apple's immediate support is around $123.2, 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 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 $124 – 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 $2.10 trillion The sleek phone manufacturer started in 2021 by losing 5.83%. So far this year it is under-performing the S&P 500 by 10.19%.
\\n\\n
\\n\\n\\n\\n\",\"\\nApple confirms a serious problem for iPhone 12 users https://t.co/HPzKjrzEhj pic.twitter.com/cXZwNFwHkA
\\n— Forbes (@Forbes) February 25, 2021
(Last update 8:51pm EST, February 24, 2021)
\\nFacebook yesterday at a glance – Mark Zuckerberg's company recovered some but not all the way back to $265.86 after dipping down to $258.44. Trading volume was 15.74 million, above the daily average of 15.52 million.
\\nA Visual analysis of Facebook's price graph shows the nearest support level is at $245.64 while the closest resistance is at $282.05. In terms of trend indicators, we can see that at $258.81, Facebook made an initial breakout below the 200 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 $260.24 – a low enough level to usually suggest Facebook is trading below its value.
\\nOverall, technical indicators suggest Facebook has no obvious direction for the immediate future.
\\nWith a market cap of $752.67 billion Mark Zuckerberg's company started 2021 by losing 3.33%. So far this year it is under-performing the S&P 500 by 7.69%.
\\n\\n
\\n\\n\\n\\n\",\"\\nAustralia's parliament has passed final amendments to laws requiring Google and Facebook to pay for news. The laws open a path for the nation's media to strike deals with the digital giants. https://t.co/zmY84DfUNP
\\n— The Associated Press (@AP) February 25, 2021
(Last update 8:51pm EST, February 24, 2021)
\\nAmazon yesterday at a glance – Jeff Bezos’s company remained in the $3,159.53 range after starting the session at $3,194.5 and dropping 1.09%. Trading volume was 2.85 million, below the daily average of 3.71 million.
\\nThe chart pattern study shows Amazon might start to recover soon because it is getting closer and is now only $55.28 from the support line at $3,104.25, 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 Amazon 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 $3,149 – a low enough level to usually suggest Amazon is trading below its value.
\\nOverall, the technical analysis suggests Amazon is neutral for the immediate future, with no clear-cut direction.
\\nWith a market cap of $1.59 trillion The tech and retail multifaceted giant has started 2021 by losing 3.05%. So far this year it is under-performing the S&P 500 by 7.41%.
\\n\\n
\\n\\n\\n\\n\",\"\\nHOUSE GOP: @GOPLeader Kevin McCarthy criticizes Congressional Democrats who have sent letters to Amazon and cable providers urging them to consider "ethical principles" in what content they provide. pic.twitter.com/ONvx9rWK76
\\n— Forbes (@Forbes) February 24, 2021
(Last update 8:41pm EST, February 24, 2021)
\\nMicrosoft yesterday at a glance – Microsoft recovered all the way back to $233.27 after dipping down to $229. Trading volume was 24.85 million, above the daily average of 23.65 million.
\\nVisual analysis of Microsoft's price graph shows the nearest resistance level 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. Asset volatility analysis shows that the lower Bollinger band is at $230.94, indicating further gains might be next. However, the Relative Strength Index indicates Microsoft is in oversold condition, allowing more gains.
\\nOverall, looking at the technical analysis landscape, it seems Microsoft is likely to continue pointing upward in the short term.
\\nWith a market cap of $1.77 trillion The iconic OS developer has started 2021 by gaining 5.2%. So far this year it is outperforming the Dow by 0.9%.
\\n\\n
\\n\\n\\n\\n\",\"\\nCrowdStrike CEO George Kurtz, whose cybersecurity firm is helping SolarWinds recover from a breach blamed on Russian hackers, turned the blame on Microsoft for its complicated architecture, which he called ‘antiquated’ https://t.co/RZp8DqgJ6Y pic.twitter.com/yqsH7G642z
\\n— Reuters (@Reuters) February 24, 2021
(Last update 8:41pm EST, February 24, 2021)
\\nGoogle yesterday at a glance – After it started the day at $2,071 Alphabet went up to $2,100.78 only to drop back, yet still traded positively overall and closed at $2,095.17. Trading volume was 1.25 million, above the daily average of 1.19 million.
\\nVisual analysis of Google's price graph shows Google is eyeing resistance at $2,128.31 and is now only $33.14 away, whilst this indicates a slow down or reverse of direction around $2,128.31, crossing it might suggest a prolonged positive move. Asset volatility analysis shows that the upper Bollinger band is at $2,136, This is a slight indication of a slowdown. In contrast, at $2,096.48, Google 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 Google.
\\nWith a market cap of $1.41 trillion The leading search engine company started 2021 by gaining 16.58%. So far this year it is outperforming the S&P by 12.22%.
\\n\\n
\\n\\n\\n\\n\",\"\\nAustralia’s parliament passes a world-first law to force digital giants such as Facebook and Google to pay local publishers for news content https://t.co/qnY8c86BJg
\\n— Bloomberg (@business) February 25, 2021
(Last update 8:41pm EST, February 24, 2021)
\\nElon Musk's electric car company closes its best day in 6 weeks, jumping six cents to $742
\\nThe Chart visual study suggests the nearest resistance level is at $883.09. In terms of trend indicators, we can see that at $731.55, Tesla made an initial breakout above the 3 day Simple Moving Average, an indication of a positive trend.
\\nOverall, looking at the technical analysis landscape, it seems Tesla might continue pointing upwards in the short term.
\\nWith a market cap of $712.23 billion Elon Musk's electric cars company started in 2021 by gaining 5.2%. So far this year it is under-performing the Nasdaq by 0.07%.
\\n\\n
\\n\\n\\n\\n\",\"\\nTesla is a force to be reckoned with, as Apple's iCar could be. Still Herbert Diess thinks that the electric race is Volkswagen’s to lose https://t.co/AlD6GsbBdq
\\n— The Economist (@TheEconomist) February 25, 2021
(Last update 8:41pm EST, February 24, 2021)
\\nZoom yesterday at a glance – Zoom slid down from $388.16 to $385.23, taking a $2.93 loss (0.75%). Trading volume was 3.44 million, below the daily average of 3.67 million.
\\nVisual analysis of the Zoom's price graph shows Zoom's immediate support is around $377.68, resistance level is at $444.51. In terms of trend indicators, we can see that, although down today, worth noting that at $387.66 Zoom did peak above the 50 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 $372.2 – a low enough level to usually suggest Zoom is trading below its value. However, the Relative Strength Index indicates Zoom is in strong oversold condition.
\\nOverall, looking at the technical analysis landscape – although indicators are mixed and some are pointing in different directions, it seems Zoom might reverse course and start pointing upward in the short term.
\\nWith a market cap of $112.44 billion The video communications platform provider started in 2021 by gaining 12.34%. So far this year it is outperforming the Nasdaq by 7.07%.
\\n\",\"\\n(Last update 8:41pm EST, February 24, 2021)
\\nNetflix yesterday at a glance – The streaming heavyweight went up to $553.41 and gained $7.26 compared to the $546.15 start of the day (1.33%). Trading volume was 3.25 million, above the daily average of 2.92 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 $547.82, Netflix made an initial breakout above the 21 day Simple Moving Average, an indication of a positive trend. Asset volatility analysis shows that the upper Bollinger band is at $567.31, 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 $245.10 billion The streaming company started in 2021 by gaining 2.32%. So far this year it is under-performing the S&P 500 by 2.04%.
\\n\\n
\\n\\n\\n\\n\",\"\\nNetflix's 'Behind Her Eyes' has one of the best endings in recent memory https://t.co/Vu8jr0nUd3 pic.twitter.com/YfMgEt1pTG
\\n— Forbes (@Forbes) February 24, 2021
(Last update 8:41pm EST, February 24, 2021)
\\nAfter starting yesterday at $135.47, the discount department and warehouse store chain dropped $2.26 to $133.05, reaching its lowest point in 6 months.
\\nThe Chart pattern study shows Walmart's immediate support is around $132.12, 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 $376.89 billion The warehouse store chain company started in 2021 by losing 8.08%. So far this year it is under-performing the Dow by 12.38%.
\\n\",\"\\n(Last update 8:41pm EST, February 24, 2021)
\\nProcter & Gamble yesterday at a glance – Procter & Gamble closed at $127.66 with no clear-cut direction and ranged between $128.24 and $126.91. Trading volume was 6.63 million, below the daily average of 7.92 million.
\\nVisual analysis of the Procter & Gamble's price graph shows Procter & Gamble's resistance level is at $129.53. In terms of trend indicators, we can see that at $128, Procter & Gamble 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 $129.34, indicating a downward move might be next.
\\nOverall, technical indicators suggest Procter & Gamble has no obvious direction for the immediate future.
\\nWith a market cap of $314.36 billion The consumer goods corporation started in 2021 by losing 9%. So far this year it is under-performing the Dow by 13.3%.
\\n\",\"\\n(Last update 8:41pm EST, February 24, 2021)
\\nWalt Disney yesterday at a glance – Hesitant but green, Walt Disney closed at $197.51 after ranging between $195.35 and $200.6. Trading volume was 16.21 million, above the daily average of 15.75 million.
\\nThe Chart visual study suggests Walt Disney's immediate resistance is around $200.29, 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. In contrast, the upper Bollinger band is at $200.37, 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 $358.53 billion The entertainment and content production company started in 2021 by gaining 8.29%. So far this year it is outperforming the Dow by 4%.
\\n\",\"\\n(Last update 8:41pm EST, February 24, 2021)
\\nCoca-Cola yesterday at a glance – Light green Coca-Cola closed at $50.71 after it ranged between $50.9 and $50.13. Trading volume was 14.44 million, below the daily average of 15.80 million.
\\nVisual analysis of the Coca-Cola's price graph shows Coca-Cola immediate resistance is around $51.03, nearest support level is at $48.15. In terms of trend indicators, we can see that at $50.27, Coca-Cola 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 $51.1, This is a slight indication of a slowdown.
\\nOverall, technical indicators suggest Coca-Cola has no obvious direction for the immediate future.
\\nWith a market cap of $218.15 billion The soft drinks giant started 2021 by losing 8.17%. So far this year it is under-performing the Dow by 12.47%.
\\n\\n
\\n\\n\\n\\n\",\"\\nCoca-Cola Femsa reaches deal with Heineken over distribution in Brazil https://t.co/YWFefmF7YF pic.twitter.com/uQGVg1iD26
\\n— Reuters (@Reuters) February 25, 2021
(Last update 8:41pm EST, February 24, 2021)
\\nPfizer yesterday at a glance – The pharmaceuticals and biotechnology company recovered some but not all the way back to $33.91 after dipping down to $33.67. Trading volume was 29.85 million, above the daily average of 29.45 million.
\\nThe Chart pattern study shows Pfizer's immediate support is around $33.6, 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. In contrast, a slight indication of recovery comes from looking at the Bollinger bands: the lower band is at $33.6 – 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 $187.60 billion The pharmaceuticals and biotechnology company started 2021 by losing 9%. So far this year it is under-performing the Dow Jones by 13.32%.
\\n\\n
\\n\\n\\n\\n\",\"\\nPfizer and BioNTech’s Covid-19 vaccine was overwhelmingly effective in an Israeli study that public-health experts say demonstrates that immunizations could end the pandemic https://t.co/nej02IQhOQ
\\n— Bloomberg (@business) February 24, 2021
(Last update 8:21pm EST, February 24, 2021)
\\nMcDonald's yesterday at a glance – The fast food giant went up to $213.27 and gained $1.95 compared to the $211.32 start of the day (0.92%). Trading volume was 2.89 million, below the daily average of 3.22 million.
\\nchart visual study suggests McDonald's could be slowing down soon because it is getting close and is now only $2.6 from the resistance line at $215.87, yet crossing it might suggest further gains are ahead. In terms of trend indicators, we can see that at $212.04, McDonald's made an initial breakout above the 50 day Simple Moving Average, an indication of a positive trend.
\\nOverall, the technical analysis suggests McDonald's is neutral for the immediate future, with no clear-cut direction.
\\nWith a market cap of $158.91 billion The fast food company started 2021 by losing 0.62%. So far this year it is under-performing the Dow by 4.92%.
\\n\",\"\\n(Last update 8:21pm EST, February 24, 2021)
\\nStart of session at a glance – Bitcoin posts light gains on a low-volatility day, ranging between $50,828 and $49,838 and is now at $50,828.
\\nA visual analysis of the Bitcoin's price graph shows the nearest resistance level is at $57,540.
\\nWith a market cap of 947.32 billion Bitcoin started in 2021 by gaining 42.22%.
\\n\\n
\\n\\n\\n\\n\",\"\\nBusiness analytics company MicroStrategy said it spent slightly more than $1 billion buying about 19,452 bitcoin tokens during the recent correction https://t.co/qsCXPxVLmd pic.twitter.com/RdYqBvtEW6
\\n— Forbes (@Forbes) February 25, 2021
(Last update 8:21pm EST, February 24, 2021)
\\nStart of session at a glance – Gold recovers back to $1,799.6 after dipping down to $1,797.6 in a session that started at $1,798.
\\nVisual analysis of Gold's price graph shows Gold might start to recover soon because it is getting closer and is now only $28.5 from the support line at $1,771, Obviously, dipping below it could be an indication that further losses are ahead. 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. In contrast, at $1,798.46, Gold made an initial breakout below the 10 day Simple Moving Average, an indication of a negative trend.
\\nOverall, looking at the technical analysis landscape, it seems Gold might be pointing upward in the short term.
\\nGold started 2021 by losing 5.08%.
\\n\",\"\\n(Last update 8:21pm EST, February 24, 2021)
\\nAfter starting the day at $63.22, crude rallied to $63.67, hitting its highest point in 1 year, It later lost 35 cents and is now trading at $63.31
\\nThe chart visual suggests crude oil might start to recover soon because it is getting closer and is now only $2.17 from the support line at $61.14, 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. However, the upper Bollinger band is at $63.65, indicating a downward move might be next.
\\nOverall, looking at the technical analysis landscape, it seems Crude might be pointing upward in the short term.
\\nCrude oil started 2021 by gaining 23.32%.
\\n\\n
\\n\\n\\n\\n\",\"\\nA rally everything from stocks to oil shows investors believe growth is coming, but the recovery has a way to go https://t.co/81Uspcs4cD
\\n— WSJ Markets (@WSJmarkets) February 25, 2021
(Last update 8:21pm EST, February 24, 2021)
\\nStart of session at a glance – EUR/USD slid down from 1.2168 to 1.2162, losing 5 pips (0.05%).
\\nA Visual analysis of the Euro/Dollar's price graph shows the Euro/Dollar 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 below the 50 day Simple Moving Average, an indication of a negative trend. Asset volatility analysis shows that the upper Bollinger band is at 1.2225, indicating a downward move might be next.
\\nOverall, looking at the technical analysis landscape, it seems the Euro is likely to start pointing downward in the short term.
\\nThe Euro started 2021 by losing 0.6%.
\\n\\n
\\n\\n\\n\\n\",\"\\nVenezuela kicks out head of EU delegation after new sanctions https://t.co/bXGkBQJBVE pic.twitter.com/LtVSKOzGeG
\\n— Reuters (@Reuters) February 24, 2021
(Last update 9:11pm EST, February 24, 2021)
\\nAfter starting the day at 1.4141, GBP/USD rallied to 1.4151, hitting its highest point in 2 years, It later lost 22 pips and is now trading at 1.4129
\\nThe Chart visual study suggests the Pound's nearest support level is at 1.3665. Momentum evaluation shows The Relative Strength Index indicates the Pound is in strong overbought condition. Asset volatility analysis shows that the upper Bollinger band is at 1.4232, indicating a downward move might be next.
\\nOverall, the technical analysis suggests the Pound/Dollar is neutral for the immediate future, with no clear-cut direction.
\\nThe British Pound started in 2021 by gaining 3.14%.
\\n\\n
\\n\\n\\n\\n\",\"\\nChancellor of the Exchequer Rishi Sunak is being urged to deliver a $140 billion fiscal boost to the U.K. economy next week https://t.co/gyShcZ7JuP
\\n— Bloomberg (@business) February 25, 2021
(Last update 9:11pm EST, February 24, 2021)
\\nStarting the session at 105.88, USD/JPY rallied above 106.14 for the first time in 5 months, gaining 19 pips, and is now trading at 106.07.
\\nA Visual analysis of the Dollar/Yen's price graph shows the Yen flirting with the 106.04 immediate resistance line. 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 a slight indication of a slowdown comes from looking at the Bollinger bands: the upper band is at 106.32 – a high enough level to usually suggest the Dollar/Yen is trading above its value.
\\nOverall, technical indicators suggest the Dollar/Yen has no obvious direction for the immediate future.
\\nThe Yen started in 2021 by gaining 1.92%.
\\n\",\"\\n(Last update 9:11pm EST, February 24, 2021)
\\nStart of session at a glance – USD/CHF is trading steadily today, ranging between 0.9075 and 0.9059 and is now at 0.9071.
\\nThe Chart pattern study shows Dollar/Swiss might start to recover soon because it is getting close and is now only 29 pips from the support line at 0.9042, 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. On the other hand, note that the upper Bollinger band is at 0.9127, indicating a downward move might be next.
\\nOverall, looking at the technical analysis landscape, it seems the Swiss franc might be pointing upward in the short term.
\\nThe Swiss franc started in 2021 by gaining 2.23%.
\\n\",\"\\n(Last update 9:11pm EST, February 24, 2021)
\\nAfter starting the day at 0.7963, AUD/USD rallied to 0.7981, hitting its highest point in 3 years, It later lost 22 pips and is now trading at 0.7959
\\nA 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 Australian dollar is in strong overbought condition. In contrast, the upper Bollinger band is at 0.8009, indicating a downward move might be next.
\\nOverall, looking at the technical analysis landscape, it seems the Aussie/Dollar might be pointing upward in the short term.
\\nThe Aussie/Dollar started 2021 by gaining 2.72%.
\\n\\n
\\n\\n\\n\\n\\n\"],\"title\":\"Financial Markets Review – 24 February 2021 – 21:11:34\",\"date\":\"2021-02-25T02:11:34\"}"; var omg_ads = JSON.parse(decodeHtml(omg_ads_string)); } catch (e) { var omg_ads = JSON.parse(omg_ads_string); }Australia passes law to make Big Tech pay for news https://t.co/MjBcHGcwhN
\\n— Financial Times (@FinancialTimes) February 25, 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-1503852460961-aa7ffdd3d64d?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\\\")
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![](\\\"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-1592096304832-62463bfdc822?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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