![](\\\"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 2:51am EST, March 6, 2021)
\\nDow yesterday at a glance – with a daily low of 30,767, Dow Jones closed at 31,500 after starting the day at 30,924 and gaining 575.86 points (1.85%).
\\nThe Chart pattern study shows Dow Jones is eyeing resistance at 31,962 and is now only 465.56 points away, whilst this indicates a slow down or reverse of direction around 31,962, crossing it might suggest a prolonged positive move. In terms of trend indicators, we can see that although up today, it's worth noting that earlier the Dow Jones dropped below the 50 day Simple Moving Average as it was trading at 30,949, usually an indication that a negative trend is ahead. Asset volatility analysis shows that the upper Bollinger band is at 31,861, This is a slight indication of a slowdown. In contrast, the MACD line is below the MACD signal line, meaning the medium-term trend might turn positive.
\\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 2.88%.
\\n\\n
\\n\\n\\n\\n\",\"\\nThe Labor Department on Friday reported that nonfarm payrolls jumped by 379,000 for the month of February and the unemployment rate fell to 6.2 percent. That compared to expectations of 210,000 new jobs and the unemployment rate to hold at 6.3 percent, according to the Dow. pic.twitter.com/I5mh95ZdDR
\\n— CNBC (@CNBC) March 6, 2021
(Last update 2:51am EST, March 6, 2021)
\\nThe S&P 500 yesterday at a glance – with a daily low of 3,730.19, S&P 500 closed at 3,842 after starting the day at 3,768.47 and gaining 73.53 points (1.95%).
\\nA study on S&P's chart pattern shows the nearest resistance level is at 3,934.83. In terms of trend indicators, we can see that at 3,819, S&P made an initial breakout above the 50 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. Asset volatility analysis shows that the lower Bollinger band is at 3,788.67, 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.
\\nOverall, looking at the technical analysis landscape, it seems S&P likely to continue pointing upward in the short term.
\\nThe S&P started 2021 by gaining 2.28%.
\\n\",\"\\n(Last update 2:52am EST, March 6, 2021)
\\nApple yesterday at a glance – Apple recovered all the way back to $120.13 after dipping down to $117.57. Trading volume was 153.77 million, above the daily average of 112.09 million.
\\nApple chart analysis: nearest 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. 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. On the other hand, note that 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.
\\nOverall, looking at the technical analysis landscape, it seems Apple is likely to continue pointing upward in the short term.
\\nWith a market cap of $2.04 trillion, The sleek phone manufacturer started in 2021 by losing 9.38%. So far this year it is under-performing the S&P 500 by 11.66%.
\\n\\n
\\n\\n\\n\\n\",\"\\nApple, Tesla, and other tech stocks extend their weekly losses in the sell-off, but are these low prices a a bargain? Toni Sacconaghi, analyst at Bernstein, discusses. https://t.co/cAMwxQrJYp pic.twitter.com/e6yszXisk6
\\n— CNBC (@CNBC) March 6, 2021
(Last update 2:51am EST, March 6, 2021)
\\nFacebook yesterday at a glance – Mark Zuckerberg's company went up to $264.28 and gained $6.64 compared to the $257.64 start of the day (2.58%). Trading volume was 26.82 million, above the daily average of 18.88 million.
\\nImportant graph levels to look out for: Facebook's nearest resistance level is at $273.97, followed by $282.05 at the next level. In terms of trend indicators, we can see that at $260.52, Facebook made an initial breakout above the 200 day Simple Moving Average, an indication of a positive trend.
\\nOverall, looking at the technical analysis landscape, it seems Facebook might continue pointing upwards in the short term.
\\nWith a market cap of $752.58 billion, Mark Zuckerberg's company started 2021 by losing 3.45%. So far this year it is under-performing the S&P by 5.73%.
\\n\\n
\\n\\n\\n\\n\",\"\\nYouTube’s action follows a similar ban on Myanmar’s military and its affiliates by Facebook last month https://t.co/InGcu7HnEJ
\\n— Forbes (@Forbes) March 6, 2021
(Last update 2:51am EST, March 6, 2021)
\\nAmazon yesterday at a glance – After dipping down to $2,881, Amazon regained earlier losses and reached $3,000.46 The trading volume was 5.39 million, above the daily average of 3.59 million.
\\nThe Chart visual study suggests the nearest resistance level is at $3,380. 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. However, the lower Bollinger band is at $2,929.66, indicating further gains might be next.
\\nOverall, looking at the technical analysis landscape, it seems a reverse of course in the short term might be next for Amazon.
\\nwith a market cap of $1.51 trillion, The tech and retail multifaceted giant has started 2021 by losing 8.61%. So far this year it is under-performing the S&P 500 by 10.89%.
\\n\\n
\\n\\n\\n\\n\",\"\\nWorkers at the Amazon fulfillment center in Bessemer, Alabama, are voting on whether to unionize, in what labor leaders and lawmakers called one of the most important union elections in United States history. Read more: https://t.co/zAAOCnjvnP 📷 @dustchambers pic.twitter.com/dh76uISe5L
\\n— Reuters Pictures (@reuterspictures) March 6, 2021
(Last update 1:56am EST, March 6, 2021)
\\nMicrosoft yesterday at a glance – having started the day at $229.52, the software giant spiked to $233.27, closing at $231.6 and gaining 2.15% overall. Trading volume was 41.87 million, above the daily average of 33.75 million.
\\nImportant graph levels to look out for: nearest resistance level is at $245. In terms of trend indicators, we can see that at $229.75, Microsoft made an initial breakout above the 50 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. Asset volatility analysis shows that the lower Bollinger band is at $226, indicating further gains might be next.
\\nOverall, looking at the technical analysis landscape, it seems Microsoft might continue pointing upwards in the short term.
\\nWith a market cap of $1.75 trillion, The iconic OS developer has started 2021 by gaining 4.05%. So far this year it is outperforming the Dow Jones by 1.17%.
\\n\\n
\\n\\n\\n\\n\",\"\\nA China-linked hack on Microsoft email software has hit thousands of U.S. businesses, government offices and schools, people briefed on the matter said https://t.co/32HzuOC81G
\\n— The Wall Street Journal (@WSJ) March 6, 2021
(Last update 1:56am EST, March 6, 2021)
\\nGoogle yesterday at a glance – the leading search engine company went up to $2,108.54 and gained $59.54 compared to the $2,049 start of the day (2.9%). Trading volume was 2.20 million, above the daily average of 1.65 million.
\\nGoogle's graph levels to watch: Google could be slowing down soon as it is approaching and is only $19.77 away from resistance at $2,128.31, of course, crossing it might suggest further gains are ahead. Asset volatility analysis shows that the upper Bollinger band is at $2,124.25, This is a slight indication of a slowdown. In contrast, at $2,081, Google 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 Google.
\\nwith a market cap of $1.42 trillion, The leading search engine company started 2021 by gaining 17.41%. So far this year it is outperforming the S&P by 15.13%.
\\n\\n
\\n\\n\\n\\n\",\"\\nThe IBD Stock of the Day, Alphabet, stands out amid market turbulence. $GOOGL #ibdstockoftheday #stockstowatch #stockoftheday https://t.co/lhaHovUAP5
\\n— Investors.com (@IBDinvestors) March 5, 2021
(Last update 1:56am EST, March 6, 2021)
\\nTesla yesterday at a glance – Elon Musk's electric car company recovered some but not all the way back to $621.44 after dipping down to $539.49. Trading volume was 89.40 million, above the daily average of 45.57 million.
\\nA study of Tesla's chart pattern shows Tesla's immediate support is around $549.04, resistance level is at $793.53. 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 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 $578.68 – 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 $573.94 billion, The trendy electric car company started in 2021 by losing 17.33%. So far this year it is under-performing the Nasdaq by 17.58%.
\\n\\n
\\n\\n\\n\\n\",\"\\nTesla is starting to lose market share among US buyers of electric vehicles, and Ford's Mustang Mach-E appears to be the beneficiary. https://t.co/QEy7UZbZm9
\\n— CNN Business (@CNNBusiness) March 6, 2021
(Last update 1:56am EST, March 6, 2021)
\\nAfter starting yesterday at $343.09, the video communications platform provider dropped $5.66 to $314.38, reaching its lowest point in 6 months.
\\nZoom is down despite the fact that on Monday the company released its quarterly earnings, beating analysts' estimates. The company reported earnings of 1.22 per share on revenue of $882.49 million, topping estimates of 0.7913 per share on revenue of $811.68 million.
\\nA study of Zoom's graph shows key levels to watch: Zoom's immediate support is around $318.79, resistance level is at $444.51. 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 Zoom is in oversold condition, allowing more gains. However, a slight indication of recovery comes from looking at the Bollinger bands: the lower band is at $319.82 – a low enough level to usually suggest Zoom 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 Zoom.
\\nwith a market cap of $98.49 billion, The video communications platform provider started in 2021 by gaining 0.03%. So far this year it is under-performing the Nasdaq by 0.22%.
\\n\\n
\\n\\n\\n\\n\",\"\\nAs the world changed, Zoom emerged as one of the leading tools to keep businesses afloat, students in school and friends and family connected—making its CEO and founder, Eric Yuan a billionaire https://t.co/QSOrm5Wq1w #ForbesBillionaires pic.twitter.com/MGdRdvtT6C
\\n— Forbes (@Forbes) March 6, 2021
(Last update 1:56am EST, March 6, 2021)
\\nNetflix yesterday at a glance – After dipping down to $498.79, Netflix regained earlier losses and reached $516.39 The trading volume was 5.07 million, above the daily average of 3.98 million.
\\nThe Chart visual study suggests the nearest resistance level is at $586.34. Asset volatility analysis shows that the lower Bollinger band is at $504.68, 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 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.
\\nOverall, looking at the technical analysis landscape, it seems Netflix is likely to continue pointing upward in the short term.
\\nWith a market cap of $228.71 billion, The streaming company started 2021 by losing 4.76%. So far this year it is under-performing the S&P by 7.04%.
\\n\\n
\\n\\n\\n\\n\",\"\\nPiracy is becoming a huge problem for Disney, Netflix, and other streamers in Southeast Asia https://t.co/Sd6lFEOY0o
\\n— Businessweek (@BW) March 5, 2021
(Last update 2:21am EST, March 6, 2021)
\\nWalmart yesterday at a glance – the warehouse store chain went up to $129.12 and gained $1.59 compared to the $127.53 start of the day (1.25%). Trading volume was 11.36 million, below the daily average of 12.34 million.
\\nA Visual analysis of Walmart's price graph 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 at $129.3, Walmart made an initial breakout above the 5 day Simple Moving Average, an indication of a positive trend. Momentum evaluation shows The Relative Strength Index indicates Walmart is in oversold condition, allowing more gains.
\\nOverall, the technical analysis suggests Walmart is neutral for the immediate future, with no clear-cut direction.
\\nWith a market cap of $365.32 billion, The warehouse store chain company started in 2021 by losing 11.79%. So far this year it is under-performing the Dow by 14.67%.
\\n\\n
\\n\\n\\n\\n\",\"\\nWill the next big bank be…Walmart?
\\n"There's certainly a lot of potential there," says former FDIC chair, Sheila Bair, on this week's Wall Street Week.https://t.co/Mm6D37SDCR pic.twitter.com/0QqQ9uPvhT
\\n— Bloomberg TV (@BloombergTV) March 6, 2021
(Last update 2:21am EST, March 6, 2021)
\\nProcter & Gamble yesterday at a glance – the consumer goods company gained 3.14% and stayed at $126 levels. Trading volume was 10.20 million, above the daily average of 9.45 million.
\\nProcter & Gamble chart analysis: Procter & Gamble could be slowing down soon because it is getting close and is now only $1.64 from the resistance line at $127.62, yet crossing it might suggest further gains are ahead. In terms of trend indicators, we can see that at $125.25, Procter & Gamble made an initial breakout above the 10 day Simple Moving Average, an indication of a positive trend.
\\nOverall, the technical analysis suggests Procter & Gamble is neutral for the immediate future, with no clear-cut direction.
\\nWith a market cap of $310.22 billion, The consumer goods company started 2021 by losing 10.77%. So far this year it is under-performing the Dow by 13.65%.
\\n\",\"\\n(Last update 2:21am EST, March 6, 2021)
\\nWalt Disney yesterday at a glance – Walt Disney recovered all the way back to $188.03 after dipping down to $183.34. Trading volume was 9.82 million, below the daily average of 13.69 million.
\\nThe Chart pattern study shows the nearest resistance level is at $197.51. In terms of trend indicators, we can see that at $188.54, Walt Disney made an initial breakout above the 21 day Simple Moving Average, an indication of a positive trend. Asset volatility analysis shows that the lower Bollinger band is at $186.25, indicating further gains might be next.
\\nOverall, looking at the technical analysis landscape, it seems Walt Disney might continue pointing upwards in the short term.
\\nWith a market cap of $344.88 billion, The entertainment and content production company started in 2021 by gaining 4.69%. So far this year it is outperforming the Dow Jones by 1.81%.
\\n\",\"\\n(Last update 2:21am EST, March 6, 2021)
\\nCoca-Cola yesterday at a glance – the soft drinks giant went up to $50.79 and gained 85 cents compared to the $49.94 start of the day (1.7%). Trading volume was 20.49 million, above the daily average of 16.64 million.
\\nA study of Coca-Cola's graph shows key levels to watch: Coca-Cola immediate resistance is around $51.19, nearest support level is at $49. In terms of trend indicators, we can see that at $50.41, Coca-Cola made an initial breakout above the 50 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. On the other hand, note that a slight indication of a slowdown comes from looking at the Bollinger bands: the upper band is at $51.26 – a high enough level to usually suggest Coca-Cola is trading above its value.
\\nOverall, looking at the technical analysis landscape, it seems Coca-Cola likely to continue pointing upward in the short term.
\\nWith a market cap of $218.87 billion, The soft drinks giant started in 2021 by losing 8.11%. So far this year it is under-performing the Dow Jones by 11%.
\\n\",\"\\n(Last update 2:21am EST, March 6, 2021)
\\nPfizer yesterday at a glance – the pharmaceuticals and biotechnology company went up to $34.39 and gained 18 cents compared to the $34.2 start of the day (0.56%). Trading volume was 30.56 million, below the daily average of 35.72 million.
\\nThe Chart visual study suggests the 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 $34.38, Pfizer 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 $34.66, This is a slight indication of a slowdown.
\\nOverall, technical indicators suggest Pfizer has no obvious direction for the immediate future.
\\nWith a market cap of $191.81 billion, The pharmaceuticals and biotechnology company started 2021 by losing 7.08%. So far this year it is under-performing the Dow by 9.96%.
\\n\\n
\\n\\n\\n\\n\",\"\\nPfizer is a hero of the pandemic for its Covid-fighting wonder shot. That doesn’t mean it hasn’t made entire countries angry.
\\nInside the company's fast, fraught, and lucrative vaccine distribution https://t.co/UHVGhR1Opt
\\n— Businessweek (@BW) March 5, 2021
(Last update 3:06am EST, March 6, 2021)
\\nMcDonald's yesterday at a glance – the fast food giant went up to $207.37 and gained $2.53 compared to the $204.84 start of the day (1.24%). Trading volume was 3.39 million, above the daily average of 3.11 million.
\\nChart visual study suggests McDonald's is eyeing resistance at $208.5 and is now only $1.13 away, whilst this indicates a slow down or reverse of direction around $208.5, crossing it might suggest a prolonged positive move. In terms of trend indicators, we can see that at $207.9, McDonald's made an initial breakout above the 200 day Simple Moving Average, an indication of a positive trend. The CCI indicator is bellow -100. When the CCI (Commodity Channel Index) is at this level, it means the price is below the average price as measured by the indicator, indicating a possible start of a new downtrend. Asset volatility analysis shows that the lower Bollinger band is at $204.29, indicating further gains might be next.
\\nOverall, the technical analysis suggests McDonald's is neutral for the immediate future, with no clear-cut direction.
\\nWith a market cap of $154.61 billion, The fast food company started 2021 by losing 3.52%. So far this year it is under-performing the Dow Jones by 6.4%.
\\n\",\"\\n(Last update 3:06am EST, March 6, 2021)
\\nBitcoin recovered back to $49,000 after dipping down to $48,284 in a session that started at $48,942.
\\nImportant graph levels to look out for: Bitcoin's resistance level is at $57,540. In terms of trend indicators, we can see that at $48,449, Bitcoin made an initial breakout below the 5 day Simple Moving Average, an indication of a negative trend.
\\nOverall, looking at the technical analysis landscape, it seems Bitcoin is likely to start pointing downward in the short term.
\\nWith a market cap of 913.45 billion, Bitcoin started in 2021 by gaining 39.95%.
\\n\\n
\\n\\n\\n\\n\",\"\\n“I love Bitcoin,” The Women & Money Podcast Host @SuzeOrmanShow says. “I do not like Bitcoin… as a currency. I don't like it where you're going to buy a Tesla or you're going to buy something with it. I like it as a possible replacement for gold, as an investment.” pic.twitter.com/8IQ9BRiqJ0
\\n— Yahoo Finance (@YahooFinance) March 4, 2021
(Last update 3:06am EST, March 6, 2021)
\\nAfter starting the day at $1,700.7 Gold dropped to 1,683, hitting its lowest point in 9 months and a half, it later recovered $15.2 and closed at $1,698.2
\\nThe chart pattern study shows Gold immediate support is around $1,688.33, 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 $1,680 – a low enough level to usually suggest Gold 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 Gold.
\\nGold started 2021 by losing 11.47%.
\\n\\n
\\n\\n\\n\\n\",\"\\nMissed the #BloombergCrypto Summit? Recap the key takeaways on CBDCs, #Bitcoin, and how digital assets compare to gold with the @BloombergLive Editorial team here. https://t.co/GcsK7pQqLh
\\n— Bloomberg Live (@BloombergLive) March 5, 2021
(Last update 3:06am EST, March 6, 2021)
\\nStarting the session at $63.83, Oil rallied above $66.42 for the first time in 1 year, gaining $2.45, and closed at $66.28.
\\nThe Chart pattern study shows Oil's immediate resistance is around $67.07, nearest support level is at $63.53. 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, Keep an eye out for a slowdown of gains. On the other hand, note that the upper Bollinger band is at $65.64, This is a slight indication of a slowdown.
\\nOverall, looking at the technical analysis landscape, it seems Crude is likely to continue pointing upward in the short term.
\\nCrude started 2021 by gaining 27.53%.
\\n\\n
\\n\\n\\n\\n\",\"\\nHero of the Day: @ColoradoOilGas
\\nNorth Face rejects order for 400 jackets from the Colorado Oil & Gas Association b/c COGA is in the petroleum business.
\\nCOGA mocks North Face as every North Face product is made from petroleum. 💯 https://t.co/tzse6WCbuk
\\n— Steve Milloy (@JunkScience) March 5, 2021
(Last update 3:06am EST, March 6, 2021)
\\nEuro/Dollar yesterday at a glance – EUR/USD went dark red after losing 54 pips, tumbling down to 1.1925.
\\nThe chart pattern study shows the Euro's nearest support level is at 1.1904, followed by 1.19 at the next level. Asset volatility analysis shows that a slight indication of recovery comes from looking at the Bollinger bands: the lower band is at 1.193 – a low enough level to usually suggest the Euro is trading below its value. Japanese candlesticks formations detected today are the "Hammer”, 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. On the other hand, note that 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.
\\nOverall, 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.
\\nThe Euro/Dollar started 2021 by losing 2.07%.
\\n\\n
\\n\\n\\n\\n\",\"\\nVaccines are complex medicines.
\\nEuropeans can trust that COVID-19 vaccines authorised in the EU have gone through rigorous testing and trials, and are only put on the market if safety and efficiency are proven.
\\nLearn more about the process ↓#SafeVaccines pic.twitter.com/BuXaQnBRR5
\\n— European Commission 🇪🇺 (@EU_Commission) March 6, 2021
(Last update 3:11am EST, March 6, 2021)
\\nPound/Dollar yesterday at a glance – failed to recover all the way to 1.3894 after dipping down to 1.3787.
\\nThe Chart pattern study shows the British Pound resistance level is at 1.4138. 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 the Pound/Dollar is in oversold condition, allowing more gains. However, a slight indication of recovery comes from looking at the Bollinger bands: the lower band is at 1.3778 – a low enough level to usually suggest the British Pound 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 the British Pound
\\nThe British Pound started in 2021 by gaining 1.66%.
\\n\\n
\\n\\n\\n\\n\",\"\\nBritain reports 5,947 new COVID cases on Friday https://t.co/qt2USqMxWP pic.twitter.com/kgFTd7ObxE
\\n— Reuters (@Reuters) March 6, 2021
(Last update 3:11am EST, March 6, 2021)
\\nAfter starting the day at 107.98, USD/JPY rallied to 108.64, hitting its highest point in 9 months, It later lost 39 pips and closed at 108.25
\\nThe chart visual study suggests Yen immediate resistance is around 108.64, 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. Momentum evaluation shows The Relative Strength Index indicates the Yen is in strong overbought condition. On the other hand, note that the upper Bollinger band is at 108.7, This is a slight indication of a slowdown.
\\nOverall, looking at the technical analysis landscape, it seems the Yen is likely to continue pointing upward in the short term.
\\nThe Yen started in 2021 by gaining 4.39%.
\\n\",\"\\n(Last update 3:11am EST, March 6, 2021)
\\nDollar/Swiss yesterday at a glance – with a daily low of 0.9254, USD/CHF closed at 0.9308 after starting the day at 0.9288 and gaining 19 pips (0.21%).
\\nThe Chart visual study suggests Swiss franc immediate resistance is around 0.9352, 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. Momentum evaluation shows the Relative Strength Index indicates the Swiss franc is in overbought condition. However, a slight indication of a slowdown comes from looking at the Bollinger bands: the upper band is at 0.941 – a high enough level to usually suggest Dollar/Swiss is trading above its value.
\\nOverall, looking at the technical analysis landscape, it seems Dollar/Swiss likely to continue pointing upward in the short term.
\\nThe Swiss franc started in 2021 by gaining 4.69%.
\\n\",\"\\n(Last update 3:11am EST, March 6, 2021)
\\nAussie/Dollar yesterday at a glance – AUD/USD slid down from 0.772 to 0.7683, losing 36 pips (0.47%).
\\nVisual analysis of the Aussie/Dollar's price graph shows the Australian dollar might start to recover soon because it is getting closer and is now only 82 pips from the support line at 0.76, Obviously, dipping below it could be an indication that further losses are ahead. Momentum evaluation shows the Relative Strength Index has gone up above 30 – exiting oversold conditions and indicating a slowdown of gains.
\\nOverall, looking at the technical analysis landscape, it seems the Aussie/Dollar might start pointing upward in the short term.
\\nThe Australian dollar started in 2021 by gaining 0.35%.
\\n\\n
\\n\\n\\n\\n\\n\"],\"title\":\"Financial Markets Review – 6 March 2021 – 03:11:37\",\"date\":\"2021-03-06T08:11:37\"}"; var omg_ads = JSON.parse(decodeHtml(omg_ads_string)); } catch (e) { var omg_ads = JSON.parse(omg_ads_string); }Australia, a country that relied on globalization and China, is discovering a new path https://t.co/F9D0hj8kIM
\\n— Businessweek (@BW) March 6, 2021
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