\\n

\\n\",\"\\n

Dow Jones rises to 31,535.51 up 603.14 points

\\n

(Last update 11:31pm EST, March 1, 2021)

\\n

\\n

The Dow yesterday at a glance – After starting yesterday at 30,932.37, Dow Jones went up to 31,668.34 only to drop back to half way point range, closing at 31,535.51.

\\n

Visual analysis of the Dow's price graph shows the Dow Jones could be slowing down soon as it is approaching and is only 426.35 points away from resistance at 31,962, of course, crossing it might suggest further gains are ahead. Asset volatility analysis shows that a slight indication of a slowdown comes from looking at the Bollinger bands: the upper band is at 31,964 – a high enough level to usually suggest the Dow Jones is trading above its value. However, at 31,493.71, Dow Jones 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 a reverse of course in the short term might be next for Dow Jones.

\\n

The Dow Jones started 2021 by gaining 3%.

\\n

\\n
\\n

The S&P closed out its best day since June, and the Dow & Nasdaq posted their biggest gains in nearly four months. So is this the all-clear for the markets? pic.twitter.com/bjYbUznyxc

\\n

— CNBC's Fast Money (@CNBCFastMoney) March 1, 2021

\\n

\\n

\\n\",\"\\n

S&P logged a record single day jump (90.67 points)

\\n

(Last update 11:31pm EST, March 1, 2021)

\\n

\\n

Opening at 3,811, S&P 500 trades at 3,901.82 after making its biggest single-day jump (90.67 points) recently.

\\n

Visual analysis of the S&P's price graph shows S&P could be slowing down soon because it is getting close and is now only 33 points from the resistance line at 3,934.83, yet crossing it might suggest further gains are ahead. Asset volatility analysis shows that a slight indication of a slowdown comes from looking at the Bollinger bands: the upper band is at 3,966 – a high enough level to usually suggest the S&P is trading above its value. In contrast, at 3,870.8, S&P made an initial breakout above the 21 day Simple Moving Average, an indication of a positive trend.

\\n

Overall, looking at the technical analysis landscape, it seems a reverse of course in the short term might be next for the S&P 500.

\\n

The S&P started 2021 by gaining 3.82%.

\\n\",\"\\n

Apple made its largest single-day jump ($6.53) since October 2020

\\n

(Last update 11:31pm EST, March 1, 2021)

\\n

\\n

The mobile and tech colossus closed at $127.79 after it made its largest daily jump ($6.53) since October 2020

\\n

The Chart visual study suggests the nearest resistance level is at $143.16. In terms of trend indicators, we can see that at $127.84, Apple made an initial breakout above the 10 day Simple Moving Average, an indication of a positive trend. The MACD line is below the MACD signal line significantly, meaning the medium-term trend might turn positive.

\\n

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

\\n

With a market cap of $2.15 trillion The mobile and tech colossus started in 2021 by losing 4.04%. So far this year it is under-performing the S&P 500 by 7.86%.

\\n

\\n
\\n

#Apple stock ended Monday's trading session up 5.4%, the best daily performance since October 2020. What does this mean for the buy-on-dip opportunity that seemed to exist last week (https://t.co/ykg0RyekL6)? $AAPL #StocksToWatch @TheStreet @MavenCoalition

\\n

— The Apple Maven (@AppleMaven) March 1, 2021

\\n

\\n

\\n\",\"\\n

Facebook closes at $264.91 after gaining 2.83% during the session

\\n

(Last update 11:31pm EST, March 1, 2021)

\\n

\\n

Facebook yesterday at a glance – The social media company went up to $264.91 and gained $7.29 compared to the $257.62 start of the day (2.83%). Trading volume was 21.12 million, above the daily average of 16.77 million.

\\n

A visual analysis of Facebook's price graph shows that although Facebook is green today and was as high as $266.65, it seems to be slowing down slightly and moving away from the $273.97 resistance line, and is now $9.06 below it. In terms of trend indicators, we can see that at $259.52, Facebook made an initial breakout above the 200 day Simple Moving Average, an indication of a positive trend.

\\n

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

\\n

With a market cap of $754.38 billion Mark Zuckerberg's company started 2021 by losing 3.2%. So far this year it is under-performing the S&P by 7%.

\\n

\\n
\\n

Facebook is launching its news product in Germany without media giant Axel Springer, which publishes the country's most popular daily newspaper and says it won't participate due to the "inappropriately low remuneration" offered for journalistic content https://t.co/Wz4TjZm5At

\\n

— CNN Business (@CNNBusiness) March 1, 2021

\\n

\\n

\\n\",\"\\n

Amazon will open at $3,146 after gaining 1.72% yesterday

\\n

(Last update 11:31pm EST, March 1, 2021)

\\n

\\n

Amazon yesterday at a glance – The tech and retail multifaceted giant went up to $3,146 and gained $53 compared to the $3,093 start of the day (1.72%). Trading volume was 2.73 million, below the daily average of 3.32 million.

\\n

Visual analysis of Amazon's price graph shows the nearest resistance level is at $3,380. In terms of trend indicators, we can see that at $3,137, Amazon made an initial breakout above the 5 day Simple Moving Average, an indication of a positive trend. Asset volatility analysis shows that the lower Bollinger band is at $3,064.63, indicating further gains might be next.

\\n

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

\\n

With a market cap of $1.58 trillion Jeff Bezos’s company started 2021 by losing 3.58%. So far this year it is under-performing the S&P 500 by 7.4%.

\\n

\\n
\\n

Lawsuit accuses Amazon of 'systemic' racism in corporate offices https://t.co/V4QWU4H7jE pic.twitter.com/9ZOvqRCYSi

\\n

— Reuters (@Reuters) March 2, 2021

\\n

\\n

\\n\",\"\\n

Microsoft will open at $236.94 after gaining 1.96% yesterday

\\n

(Last update 11:41pm EST, March 1, 2021)

\\n

\\n

Microsoft yesterday at a glance – The iconic OS developer rallied 1.96% and maintained at $236.94 level. Trading volume was 25.33 million, below the daily average of 28.52 million.

\\n

Visual 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.

\\n

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

\\n

With a market cap of $1.79 trillion The iconic OS developer has started 2021 by gaining 6.25%. So far this year it is outperforming the Dow by 3.25%.

\\n\",\"\\n

Google will open at $2,081.51 after gaining 2.19% yesterday

\\n

(Last update 11:41pm EST, March 1, 2021)

\\n

\\n

Google yesterday at a glance – The search engine giant went up to $2,081.51 and gained $44.51 compared to the $2,037 start of the day (2.19%). Trading volume was 1.41 million, below the daily average of 1.44 million.

\\n

Chart visual study suggests Google is eyeing resistance at $2,128.31 and is now only $46.8 away, whilst this indicates a slow down or reverse of direction around $2,128.31, crossing it might suggest a prolonged positive move. In terms of trend indicators, we can see that at $2,059.83, Google made an initial breakout above the 5 day Simple Moving Average, an indication of a positive trend.

\\n

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

\\n

With a market cap of $1.40 trillion The search engine giant started in 2021 by gaining 16.18%. So far this year it is outperforming the S&P by 12.36%.

\\n

\\n
\\n

Reliance Industries, led by Asia’s richest man, is teaming up with investors including Google and Facebook to seek a license to enter India's digital payments business, sources say https://t.co/Up7NEXtr6j

\\n

— Bloomberg (@business) March 1, 2021

\\n

\\n

\\n\",\"\\n

Tesla closed at $718.43 after making its largest single-day jump – six cents 6.36% since Jan 8

\\n

(Last update 11:41pm EST, March 1, 2021)

\\n

\\n

The trendy electric car company closed with its best day in 7 weeks, jumping six cents to $718.43

\\n

Visual analysis of the Tesla's price graph shows the nearest resistance level is at $883.09. In terms of trend indicators, we can see that at $702.62, Tesla made an initial breakout above the 5 day Simple Moving Average, an indication of a positive trend.

\\n

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

\\n

With a market cap of $689.59 billion The trendy electric car company started in 2021 by gaining 1.89%. So far this year it is under-performing the Nasdaq by 3.42%.

\\n

\\n
\\n

"Trading Tesla is an emotional endeavor," @munster_gene says. He thinks the stock will go higher in one year based on the fundamentals. @GordonJohnson19 strongly disagrees. Watch the debate here. https://t.co/rVNODnZcIF pic.twitter.com/vtZoEClgzq

\\n

— CNBC (@CNBC) March 1, 2021

\\n

\\n

\\n\",\"\\n

Zoom moves up 9.65%, closes at $409.66 after earnings report outperforms expectations

\\n

(Last update 11:41pm EST, March 1, 2021)

\\n

\\n

Zoom yesterday at a glance – The video communications platform provider went up to $409.66 and gained $36.05 compared to the $373.61 start of the day (9.65%). Trading volume was 10.04 million, above the daily average of 4.37 million.

\\n

Yesterday, Zoom released its quarterly earnings, beating analysts' estimates. The company reported earnings of 1.22 per share on revenue of $882.50 million, topping estimates of 0.7913 per share on revenue of $811.68 million.

\\n

The Chart visual study suggests the nearest resistance level is at $444.51. In terms of trend indicators, we can see that at $403.21, Zoom made an initial breakout above the 21 day Simple Moving Average, an indication of a positive trend.

\\n

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

\\n

With a market cap of $119.58 billion The video communications platform provider started in 2021 by gaining 19.36%. So far this year it is outperforming the Nasdaq by 14.05%.

\\n

\\n
\\n

Zoom shares rise on strong current-quarter forecast, upbeat results https://t.co/WHw8E9PQUY pic.twitter.com/khZFSB1f6b

\\n

— Reuters (@Reuters) March 2, 2021

\\n

\\n

\\n\",\"\\n

Netflix closes at $550.64 after gaining 2.19% during the session

\\n

(Last update 11:41pm EST, March 1, 2021)

\\n

\\n

Netflix yesterday at a glance – The streaming company went up to $550.64 and gained $11.79 compared to the $538.85 start of the day (2.19%). Trading volume was 3.04 million, below the daily average of 3.13 million.

\\n

The Chart visual study suggests the nearest resistance level is at $586.34. In terms of trend indicators, we can see that at $547.68, 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 $560.25, This is a slight indication of a slowdown.

\\n

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

\\n

With a market cap of $243.88 billion The streaming company started in 2021 by gaining 1.84%. So far this year it is under-performing the S&P 500 by 1.98%.

\\n

\\n
\\n

The premiere of the Netflix series, "Bridgerton," just weeks after this tea brand debuted has lured fans to LaRue 1680, apparently in hopes of indulging their Regency-era and tea-sipping fantasies https://t.co/z185GfUOrL

\\n

— CNN Business (@CNNBusiness) March 2, 2021

\\n

\\n

\\n\",\"\\n

Walmart will open at $131.37 after gaining 1.12% yesterday

\\n

(Last update 12:01am EST, March 2, 2021)

\\n

\\n

Walmart yesterday at a glance – After starting yesterday at $129.92 Walmart went up to $132.57 only to drop back to the half way point range, closing at $131.37. Trading volume was 11.54 million, below the daily average of 13.52 million.

\\n

The Chart pattern study shows the nearest resistance level is at $139.27, followed by $147.2 at the next level. In terms of trend indicators, we can see that although up today, worth noting that earlier Walmart dropped below the 3 day Simple Moving Average when it was traded at $131.69, usually an indication that a negative trend is ahead. Momentum evaluation shows The Relative Strength Index indicates Walmart is in strong oversold condition.

\\n

Overall, looking at the technical analysis landscape, it seems Walmart is likely to reverse course and start pointing down in the short term.

\\n

With a market cap of $371.68 billion The discount department and warehouse stores chain started in 2021 by losing 9.84%. So far this year it is under-performing the Dow Jones by 12.84%.

\\n

\\n
\\n

Across its many moves, Walmart's underlying strategy is clear, say @JinjLee and @telisdemos : diversify into businesses that allow it to grow profits faster revenue. $WMT $GShttps://t.co/JYGObbKJsy

\\n

— Aaron Back (@AaronBack) March 1, 2021

\\n

\\n

\\n\",\"\\n

Procter & Gamble will open at $124.29 after gaining 0.62% yesterday

\\n

(Last update 12:01am EST, March 2, 2021)

\\n

\\n

Procter & Gamble yesterday at a glance – After it started the day at $123.53 Procter & Gamble went up to $125.49 only to drop back, yet still traded positively overall and closed at $124.29. Trading volume was 7.52 million, below the daily average of 8.87 million.

\\n

Visual analysis of the Procter & Gamble's price graph shows Procter & Gamble's nearest resistance level is at $128.21, followed by $129.57 at the next level. Asset volatility analysis shows that the lower Bollinger band is at $123.06, indicating further gains might be next. Japanese Candlesticks formations detected today are the "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. However, 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, it seems Procter & Gamble is likely to continue pointing upward in the short term.

\\n

With a market cap of $306.06 billion, The consumer goods corporation started in 2021 by losing 12%. So far this year it is under-performing the Dow by 15%.

\\n\",\"\\n

Walt Disney closes at $194.98 after gaining 3.14% during the session

\\n

(Last update 12:01am EST, March 2, 2021)

\\n

\\n

Walt Disney yesterday at a glance – The entertainment giant went up to $194.98 and gained $5.94 compared to the $189.04 start of the day (3.14%). Trading volume was 10.50 million, below the daily average of 14.15 million.

\\n

Visual analysis of the Walt Disney's price graph shows Walt Disney's immediate resistance is around $197.46, nearest support level is at $163.03. In terms of trend indicators, we can see that at $193.28, Walt Disney made an initial breakout above the 5 day Simple Moving Average, an indication of a positive trend.

\\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 $353.94 billion The entertainment and content production company started in 2021 by gaining 7.3%. So far this year it is outperforming the Dow Jones by 4.3%.

\\n\",\"\\n

Coca-Cola closes its best day in 7 weeks jumping one cents to $49.9

\\n

(Last update 12:01am EST, March 2, 2021)

\\n

\\n

The soft drink company closed with its best day in 7 weeks, jumping one cent to $49.9

\\n

In terms of trend indicators, we can see that at $50.3, 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 lower Bollinger band is at $49.23, indicating further gains might be next. On the other hand, note that although Coca-Cola is green today and was as high as $50.44, it seems to be slowing down slightly and moving away from the $50.77 resistance line, and is now 87 cents below it.

\\n

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

\\n

With a market cap of $214.67 billion The soft drink company started in 2021 by losing 10.08%. So far this year it is under-performing the Dow by 13.08%.

\\n\",\"\\n

Pfizer will open at $33.69 after gaining 0.6% yesterday

\\n

(Last update 12:01am EST, March 2, 2021)

\\n

\\n

Pfizer yesterday at a glance – The pharmaceuticals and biotechnology company gained 0.6% and stayed at $33.69 levels. Trading volume was 28.28 million, below the daily average of 31.71 million.

\\n

Visual analysis of the Pfizer's price graph shows Pfizer's nearest resistance level is at $36.48, followed by $37.31 at the next level. In terms of trend indicators, we can see that at $33.85, Pfizer made an initial breakout above the 5 day Simple Moving Average, an indication of a positive trend. Asset volatility analysis shows that the lower Bollinger band is at $33.2, indicating further gains might be next. Japanese Candlesticks formations detected today are the "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. In contrast, The Relative Strength Index indicates Pfizer is in oversold condition, allowing more gains.

\\n

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

\\n

With a market cap of $187.26 billion The pharmaceuticals and biotechnology company started 2021 by losing 9.32%. So far this year it is under-performing the Dow by 12.32%.

\\n

\\n
\\n

Single AstraZeneca or Pfizer dose 80% effective at preventing hospitalisations in over 80s … SKY NEWS

\\n

A single shot of either the Oxford-AstraZeneca or Pfizer-BioNTech vaccines is more than 80% effective at preventing hospitalisation among the over 80shttps://t.co/gO1xw3pu7R

\\n

— Trading Floor Audio (@TradeFloorAudio) March 1, 2021

\\n

\\n

\\n\",\"\\n

McDonald's will open at $208.25 after gaining 1.02% yesterday

\\n

(Last update 12:06am EST, March 2, 2021)

\\n

\\n

McDonald's yesterday at a glance – After it started the day at $206.14 McDonald's went up to $210.38 only to drop back, yet still traded positively overall and closed at $208.25. Trading volume was 2.83 million, below the daily average of 3.10 million.

\\n

A Visual analysis of the McDonald's's price graph shows the nearest resistance level is at $215.98. In terms of trend indicators, we can see that at $210.12, McDonald's made an initial breakout above the 3 day Simple Moving Average, an indication of a positive trend. Asset volatility analysis shows that the lower Bollinger band is at $206.71, indicating further gains might be next. 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, it seems McDonald's likely to continue pointing upward in the short term.

\\n

With a market cap of $155.27 billion The fast food giant started 2021 by losing 3.07%. So far this year it is under-performing the Dow by 6.07%.

\\n\",\"\\n

Bitcoin up 0.17%, trading around $49,137

\\n

(Last update 12:06am EST, March 2, 2021)

\\n

\\n

Bitcoin posts light gains on a low-volatility day, ranging between $50,077 and $48,817 and is now at $49,137.

\\n

The Chart pattern study shows the nearest resistance level is at $57,540. In terms of trend indicators, we can see that although up today, worth noting that earlier, Bitcoin dropped below the 21 day Simple Moving Average when it was trading at $49,023, usually an indication that a negative trend is ahead.

\\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 916.03 billion Bitcoin started in 2021 by gaining 34.98%.

\\n

\\n
\\n

Bitcoin rises 8% to $48,861.48 https://t.co/PWG7jX6TLb pic.twitter.com/STbgvOt4Ze

\\n

— Reuters (@Reuters) March 2, 2021

\\n

\\n

\\n\",\"\\n

At $1,704.6 Gold down to its lowest value in 8 months

\\n

(Last update 12:06am EST, March 2, 2021)

\\n

\\n

Having started at 1,723, gold dropped to $1,704.6, hitting its lowest point in 8 months, later it recovered to $6.8 and closed at $1,711.4

\\n

A Visual analysis of Gold's price graph shows Gold's immediate support is around $1,708.53, resistance level is at $1,806.7. 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 Gold 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 $1,730.18 – a low enough level to usually suggest Gold 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 Gold.

\\n

Gold started 2021 by losing 9.58%.

\\n

\\n
\\n

BTS Score Another Gold Album In The U.K. With ‘Map Of The Soul: 7’ https://t.co/PzGgYZsyHb pic.twitter.com/TZvx1bwwGf

\\n

— Forbes (@Forbes) March 2, 2021

\\n

\\n

\\n\",\"\\n

Oil drifts down to $59.92 after starting the day at $60.64 (down 1.19%)

\\n

(Last update 12:06am EST, March 2, 2021)

\\n

\\n

Crude oil dropped down from $60.64 to $59.92, taking a 71 cents loss (1.19%).

\\n

In terms of trend indicators, we can see that at $59.6, Crude 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. On the other hand, note that crude oil might start to recover soon because it is getting closer and is now only 67 cents from the support line at $59.24, 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 Crude.

\\n

Crude oil started 2021 by gaining 21.41%.

\\n

\\n
\\n

This is how American teachers were pulled into the Middle East’s power struggles over oil riches https://t.co/hJukwVc85H

\\n

— Businessweek (@BW) March 2, 2021

\\n

\\n

\\n\",\"\\n

Euro is down 37 pips (0.31%), trading around 1.2022

\\n

(Last update 12:06am EST, March 2, 2021)

\\n

\\n

EUR/USD slid down from 1.206 to 1.2022, taking a 37 pip loss (0.31%).

\\n

Chart visual study suggest the Euro might start to recover soon because it is getting closer and is now only 53 pips from the support line at 1.1969, 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 1.2008 – a low enough level to usually suggest the Euro 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 the Euro/Dollar might reverse course and start pointing upward in the short term.

\\n

The Euro started 2021 by losing 1.23%.

\\n

\\n
\\n

Brexodus from City of London to the EU slows https://t.co/dbrWq4DuHZ pic.twitter.com/YimmqwoFLF

\\n

— Reuters (@Reuters) March 2, 2021

\\n

\\n

\\n\",\"\\n

The Pound is down 42 pips (0.31%), trading around 1.3878

\\n

(Last update 12:11am EST, March 2, 2021)

\\n

\\n

GBP/USD slid down from 1.3921 to 1.3878, taking a 42 pip loss (0.31%).

\\n

The Chart visual study suggests the nearest support level is at 1.3511 while the closest resistance is at 1.4138. In terms of trend indicators, we can see that at 1.3882, pound/dollar made an initial breakout below the 21 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 1.3814 – a low enough level to usually suggest the British Pound is trading below its value.

\\n

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

\\n

The British Pound started in 2021 by gaining 1.94%.

\\n

\\n
\\n

New evidence from the U.K. showed Covid-19 vaccinations sharply reduced serious illness and deaths among elderly people after just one dose, bolstering optimism that successful vaccination programs offer a return to economic growth this year https://t.co/jXG64WtNiX

\\n

— The Wall Street Journal (@WSJ) March 2, 2021

\\n

\\n

\\n\",\"\\n

Yen hits 106.92, highest rate in 6 months

\\n

(Last update 12:11am EST, March 2, 2021)

\\n

\\n

Starting the session at 106.73, USD/JPY rallied above 106.92 for the first time in 6 months, gaining 10 pips, and is now trading at 106.84.

\\n

The Chart pattern study shows Yen immediate resistance is around 106.87, nearest support level is at 104.55. 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 107.06, This is a slight indication of a slowdown.

\\n

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

\\n

The Yen started in 2021 by gaining 3.1%.

\\n

\\n
\\n

Japan's capex extends declines as firms tighten purse strings https://t.co/SIjPqUOtPP pic.twitter.com/96j6f16pqS

\\n

— Reuters (@Reuters) March 2, 2021

\\n

\\n

\\n\",\"\\n

Swiss franc goes back up to November 2020 levels, reaching 0.9164

\\n

(Last update 12:11am EST, March 2, 2021)

\\n

\\n

Starting the session at 0.9141, USD/CHF rallied above 0.9164 for the first time in 3 months, gaining 16 pips, and is now trading at 0.9158.

\\n

Visual analysis of the Dollar/Swiss's price graph shows Swiss franc immediate resistance is around 0.916, nearest support level is at 0.87. In terms of trend indicators, we can see that although up today, worth noting that the Swiss franc dropped below the 200 day Simple Moving Average when it was trading at 0.9122, 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 0.9248 – a high enough level to usually suggest Dollar/Swiss is trading above its value. 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.

\\n

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

\\n

Dollar/Swiss started in 2021 by gaining 2.57%.

\\n\",\"\\n

Australian dollar slides down to 0.7759 (down 18 pips) after starting the day at 0.7777

\\n

(Last update 12:11am EST, March 2, 2021)

\\n

\\n

AUD/USD recovered back almost all the way to 0.7777 after dipping down to 0.7739.

\\n

The Chart visual study suggests the nearest support level is at 0.76 while the closest resistance is at 0.7965. Japanese Candlesticks formations detected today are the "Hanging Man”, When it appears on top of a bullish overall trend, some traders would consider this as an indication of a reversal, of course.

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

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The Australian dollar started in 2021 by gaining 0.17%.

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Dollar holds advantage over low-yielders, A$ looks to RBA https://t.co/01yXJBXja8 pic.twitter.com/EgVwRjGuq7

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— Reuters Business (@ReutersBiz) March 2, 2021

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