\\n

\\n\",\"\\n

Dow crawls up to 33,500 up 53.74 points

\\n

(Last update 9:11pm EST, April 8, 2021)

\\n

\\n

Dow yesterday at a glance – light green, mostly flat: Dow Jones ranged between 33,500 and 33,343 and is closed at 33,500.

\\n

Dow's graph levels to watch: Dow Jones immediate resistance is around 33,559, nearest support level is at 30,924. In terms of trend indicators, we can see that at 33,468, Dow Jones made an initial breakout above the 3 day Simple Moving Average, an indication of a positive trend. 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 Dow Jones is in overbought condition. However, a slight indication of a slowdown comes from looking at the Bollinger bands: the upper band is at 33,700 – a high enough level to usually suggest Dow Jones is trading above its value.

\\n

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

\\n

The Dow Jones started 2021 by gaining 8.66%.

\\n

\\n
\\n

FTC fires back at Facebook, calling it an illegal 'personal social networking' monopoly https://t.co/I3vmcsNPT1 by @alexiskweed pic.twitter.com/KSPjDfL1nB

\\n

— Yahoo Finance (@YahooFinance) April 9, 2021

\\n

\\n

\\n\",\"\\n

S&P hits new all time high at 4,098.19

\\n

(Last update 9:11pm EST, April 8, 2021)

\\n

\\n

After opening at 4,080, S&P 500 gained 17.17 points, hitting a fresh record high of 4,098.19.

\\n

Visual analysis of the S&P 500's price graph shows S&P 500 immediate resistance is around 4,102.73, nearest support level is at 3,768.47. In terms of trend indicators, we can see that the MACD line is above the MACD signal line significantly, meaning the medium-term trend might turn negative. 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 S&P is in overbought condition, keep an eye out for a slowdown of gains. Asset volatility analysis shows that a slight indication of a slowdown comes from looking at the Bollinger bands: the upper band is at 4,115.18 – a high enough level to usually suggest the S&P is trading above its value.

\\n

Overall, the technical analysis picture suggests S&P is neutral for the immediate future, with no clear-cut direction.

\\n

The S&P started 2021 by gaining 8.36%.

\\n

\\n
\\n

FTC fires back at Facebook, calling it an illegal 'personal social networking' monopoly https://t.co/I3vmcsNPT1 by @alexiskweed pic.twitter.com/KSPjDfL1nB

\\n

— Yahoo Finance (@YahooFinance) April 9, 2021

\\n

\\n

\\n\",\"\\n

Apple closes at $130.36, up $2.46, adding one more to its seven straight days of gains

\\n

(Last update 9:11pm EST, April 8, 2021)

\\n

\\n

Apple yesterday at a glance – the mobile and tech colossus went up to $130.36 and gained $2.46 compared to the $127.9 start of the day (1.92%). Trading volume was 87.39 million, below the daily average of 101.28 million.

\\n

Important graph levels to look out for: Apple's immediate resistance is around $131, nearest support level is at $127.79. In terms of trend indicators, we can see that the MACD line is above the MACD signal line significantly, meaning the medium-term trend might turn negative. 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 Apple is in overbought condition. Asset volatility analysis shows that the upper Bollinger band is at $130.31, This is a slight indication of a slowdown.

\\n

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

\\n

With a market cap of $2.19 trillion, The sleek phone manufacturer started in 2021 by losing 1.82%. So far this year it is under-performing the Nasdaq by 8.69%.

\\n

\\n
\\n

FTC fires back at Facebook, calling it an illegal 'personal social networking' monopoly https://t.co/I3vmcsNPT1 by @alexiskweed pic.twitter.com/KSPjDfL1nB

\\n

— Yahoo Finance (@YahooFinance) April 9, 2021

\\n

\\n

\\n\",\"\\n

Facebook hovers around $313

\\n

(Last update 9:11pm EST, April 8, 2021)

\\n

\\n

Facebook yesterday at a glance – Facebook recovered back to $313 after dipping down to $310.05 in a session that started at $313.09. Trading volume was 20.43 million, below the daily average of 22.26 million.

\\n

An analysis of the Facebook chart suggests Facebook's nearest support level is at $293.54. 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 Facebook is in overbought condition, Keep an eye out for a slowdown of gains. However, the upper Bollinger band is at $318.21, indicating a downward move might be next.

\\n

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

\\n

With a market cap of $891.38 billion, Mark Zuckerberg's company started in 2021 by gaining 12.73%. So far this year it is outperforming the Nasdaq by 5.86%.

\\n

\\n
\\n

FTC fires back at Facebook, calling it an illegal 'personal social networking' monopoly https://t.co/I3vmcsNPT1 by @alexiskweed pic.twitter.com/KSPjDfL1nB

\\n

— Yahoo Finance (@YahooFinance) April 9, 2021

\\n

\\n

\\n\",\"\\n

Amazon closes at $3,299.3 after gaining 0.61% during the session

\\n

(Last update 9:12pm EST, April 8, 2021)

\\n

\\n

Amazon yesterday at a glance – Jeff Bezos’s company went up to $3,299.3 and gained $19.91 compared to the $3,279.39 start of the day (0.61%). Trading volume was 2.81 million, below the daily average of 3.15 million.

\\n

A study of Amazon's chart pattern shows Amazon's immediate resistance is around $3,318.53, nearest support level is at $2,952. 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 Amazon is in overbought condition. On the other hand, note that a slight indication of a slowdown comes from looking at the Bollinger bands: the upper band is at $3,312.7 – a high enough level to usually suggest Amazon is trading above its value.

\\n

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

\\n

With a market cap of $1.66 trillion, Jeff Bezos’s company started in 2021 by gaining 1.29%. So far this year it is under-performing the Nasdaq by 5.58%.

\\n

\\n
\\n

FTC fires back at Facebook, calling it an illegal 'personal social networking' monopoly https://t.co/I3vmcsNPT1 by @alexiskweed pic.twitter.com/KSPjDfL1nB

\\n

— Yahoo Finance (@YahooFinance) April 9, 2021

\\n

\\n

\\n\",\"\\n

Microsoft closes at $253.25 after gaining 1.34% during the session

\\n

(Last update 8:56pm EST, April 8, 2021)

\\n

\\n

Microsoft yesterday at a glance – the iconic OS developer went up to $253.25 and gained $3.35 compared to the $249.9 start of the day (1.34%). Trading volume was 23.63 million, below the daily average of 28.88 million.

\\n

A study of Microsoft's graph shows key levels to watch: Microsoft immediate resistance is around $254.26, nearest support level is at $226.73. In terms of trend indicators, we can see that the MACD line is above the MACD signal line significantly, meaning the medium-term trend might turn negative. 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 Microsoft 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 $258.54 – a high enough level to usually suggest Microsoft is trading above its value.

\\n

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

\\n

With a market cap of $1.91 trillion, The iconic OS developer started in 2021 by gaining 12.34%. So far this year it is outperforming the Nasdaq by 5.47%.

\\n

\\n
\\n

Oracle may have lost the (court) battle with Google. But its war is far from over https://t.co/SV6k8G36gJ

\\n

— Businessweek (@BW) April 9, 2021

\\n

\\n

\\n\",\"\\n

Google hits new all time high at $2,284

\\n

(Last update 8:56pm EST, April 8, 2021)

\\n

\\n

After opening at $2,249.68, Google reached a record high of $2,284. Later, it lost $18.56 and closed at $2,265.44.

\\n

Visual analysis of Google's price graph shows Google's immediate resistance is around $2,280.4, nearest support level is at $2,108.54. Momentum evaluation shows The Relative Strength Index indicates Google is in strong overbought condition.

\\n

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

\\n

With a market cap of $1.52 trillion, The leading search engine company started 2021 by gaining 22.83%. So far this year it is outperforming the Nasdaq by 15.96%.

\\n

\\n
\\n

Oracle may have lost the (court) battle with Google. But its war is far from over https://t.co/SV6k8G36gJ

\\n

— Businessweek (@BW) April 9, 2021

\\n

\\n

\\n\",\"\\n

Tesla closes at $683.8 after gaining 1.91% during the session

\\n

(Last update 8:56pm EST, April 8, 2021)

\\n

\\n

Tesla yesterday at a glance – light green Tesla closed at $683.8 after it ranged between $689.54 and $671.64. Trading volume was 23.92 million, below the daily average of 32.94 million.

\\n

A study of Tesla's graph shows key levels to watch: Tesla's immediate resistance is around $691.68, nearest support level is at $563. In terms of trend indicators, we can see that at $676.66, Tesla made an initial breakout above the 5 day Simple Moving Average, an indication of a positive trend. Asset volatility analysis shows that the upper Bollinger band is at $714.79, This is a slight indication of a slowdown.

\\n

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

\\n

With a market cap of $656.35 billion, The trendy electric car company started in 2021 by losing 3.26%. So far this year it is under-performing the Nasdaq by 10.13%.

\\n

\\n
\\n

Oracle may have lost the (court) battle with Google. But its war is far from over https://t.co/SV6k8G36gJ

\\n

— Businessweek (@BW) April 9, 2021

\\n

\\n

\\n\",\"\\n

Zoom will open at $331.28 after gaining 2.54% yesterday

\\n

(Last update 8:56pm EST, April 8, 2021)

\\n

\\n

Zoom yesterday at a glance – the video communications platform provider went up to $331.28 and gained $8.2 compared to the $323.08 start of the day (2.54%). Trading volume was 2.82 million, below the daily average of 3.20 million.

\\n

Zoom's graph levels to watch: although Zoom is green today and was as high as $334, it seems to be slowing down slightly and moving away from the $355.17 resistance line, and is now $23.89 below it. In terms of trend indicators, we can see that although up today, it's worth noting that earlier Zoom dropped below the 21 day Simple Moving Average as it was trading at $328.95, 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 $336.57 – a high enough level to usually suggest Zoom is trading above its value.

\\n

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

\\n

With a market cap of $97.30 billion, The video communications platform provider started in 2021 by losing 1.87%. So far this year it is under-performing the Nasdaq by 8.74%.

\\n

\\n
\\n

Oracle may have lost the (court) battle with Google. But its war is far from over https://t.co/SV6k8G36gJ

\\n

— Businessweek (@BW) April 9, 2021

\\n

\\n

\\n\",\"\\n

Netflix closes at $554.58, up $7.58, adding one more to its seven straight days of gains

\\n

(Last update 8:56pm EST, April 8, 2021)

\\n

\\n

Netflix yesterday at a glance – after starting the session at $547 Netflix spiked to $556.9, dropped back to starting point range, and rallied again to $554.58. Trading volume was 4.31 million, above the daily average of 3.47 million.

\\n

Important graph levels to look out for: Netflix immediate resistance is around $558.46, nearest support level is at $535.09. Momentum evaluation shows The Relative Strength Index indicates Netflix is in strong overbought condition. Asset volatility analysis shows that the upper Bollinger band is at $567.76, 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 $245.62 billion, The streaming heavyweight started in 2021 by gaining 2.53%. So far this year it is under-performing the Nasdaq by 4.34%.

\\n

\\n
\\n

Oracle may have lost the (court) battle with Google. But its war is far from over https://t.co/SV6k8G36gJ

\\n

— Businessweek (@BW) April 9, 2021

\\n

\\n

\\n\",\"\\n

Walmart rallied beyond $141.12 for the first time in 7 weeks

\\n

(Last update 8:31pm EST, April 8, 2021)

\\n

\\n

Starting the session at $139.8, the warehouse store chain company rallied above $141.12 for the first time in 7 weeks, gaining nine cents, and closed at $139.71.

\\n

Walmart chart analysis: Walmart's nearest support level is at $127.53. In terms of trend indicators, we can see that at $139.78, Walmart made an initial breakout below the 3 day Simple Moving Average, an indication of a negative trend. Asset volatility analysis shows that the upper Bollinger band is at $141.84, indicating a downward move might be next. However, the Relative Strength Index indicates Walmart is in strong overbought condition.

\\n

Overall, looking at all the technical indicators, it seems Walmart might be pointing down in the short term.

\\n

With a market cap of $393.57 billion, The warehouse store chain company started in 2021 by losing 3.18%. So far this year it is under-performing the Dow by 11.84%.

\\n

\\n
\\n

Pfizer says its Covid-19 vaccine is 100% effective in young teens https://t.co/UrKp0bBggs pic.twitter.com/wNRZTAs9o6

\\n

— Forbes (@Forbes) April 8, 2021

\\n

\\n

\\n\",\"\\n

Procter & Gamble closes at $137.26, up 0.38%, adding one more to its five straight days of gains

\\n

(Last update 8:31pm EST, April 8, 2021)

\\n

\\n

Procter & Gamble yesterday at a glance – Procter & Gamble recovered back all the way to $137.26 after it traded lower at $136.59. Trading volume was 5.52 million, below the daily average of 8.50 million.

\\n

Visual analysis of the Procter & Gamble's price graph shows Procter & Gamble immediate resistance is around $137.73, nearest support level is at $122.15. Asset volatility analysis shows that the upper Bollinger band is at $138.47, This is a slight indication of a slowdown.

\\n

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

\\n

With a market cap of $338.00 billion, The consumer goods corporation started 2021 by losing 1.37%. So far this year it is under-performing the Dow Jones by 10.03%.

\\n

\\n
\\n

Pfizer says its Covid-19 vaccine is 100% effective in young teens https://t.co/UrKp0bBggs pic.twitter.com/wNRZTAs9o6

\\n

— Forbes (@Forbes) April 8, 2021

\\n

\\n

\\n\",\"\\n

Walt Disney is trading around $187.32 after losing 0.13% yesterday

\\n

(Last update 8:31pm EST, April 8, 2021)

\\n

\\n

Walt Disney yesterday at a glance – the entertainment and content production company recovered back to $187.32 after dipping down to $185.63 in a session that started at $187.56. Trading volume was 7.47 million, below the daily average of 7.77 million.

\\n

Walt Disney chart analysis: Walt Disney's resistance level is at $188.03. In terms of trend indicators, we can see that at $186.72, Walt Disney 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 $190.21, indicating a downward move might be next.

\\n

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

\\n

With a market cap of $340.03 billion, The entertainment and content production company started in 2021 by gaining 3.27%. So far this year it is under-performing the Dow by 5.39%.

\\n

\\n
\\n

Pfizer says its Covid-19 vaccine is 100% effective in young teens https://t.co/UrKp0bBggs pic.twitter.com/wNRZTAs9o6

\\n

— Forbes (@Forbes) April 8, 2021

\\n

\\n

\\n\",\"\\n

Coca-Cola is trading around $53.12 after losing 0.3% yesterday

\\n

(Last update 8:31pm EST, April 8, 2021)

\\n

\\n

Coca-Cola yesterday at a glance – the soft drink company slid down from $53.28 to $53.12, taking a 16 cents loss (0.3%). Trading volume was 9.70 million, below the daily average of 14.76 million.

\\n

A study of Coca-Cola's chart pattern shows Coca-Cola's nearest support level is at $51.64, followed by $50.36 at the next level. In terms of trend indicators, we can see that although down today, it's worth noting that at $53.09 Coca-Cola did peak above the 3 day Simple Moving Average earlier, usually an indication that a positive move is maybe ahead. Asset volatility analysis shows that the upper Bollinger band is at $53.88, indicating a further downward move might be next.

\\n

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

\\n

With a market cap of $228.91 billion, The soft drinks giant started 2021 by losing 3.23%. So far this year it is under-performing the Dow by 11.89%.

\\n

\\n
\\n

Pfizer says its Covid-19 vaccine is 100% effective in young teens https://t.co/UrKp0bBggs pic.twitter.com/wNRZTAs9o6

\\n

— Forbes (@Forbes) April 8, 2021

\\n

\\n

\\n\",\"\\n

Pfizer closes at $35.96 after gaining 0.14% during the session

\\n

(Last update 8:31pm EST, April 8, 2021)

\\n

\\n

Pfizer yesterday at a glance – after starting the session at $35.91 Pfizer spiked to $36.15, dropped back to starting point range, and rallied again to $35.96. Trading volume was 17.04 million, below the daily average of 23.58 million.

\\n

The Chart pattern study shows Pfizer's nearest support level is at $33.49. In terms of trend indicators, we can see that at $36.1, Pfizer 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 $36.6, indicating a downward move might be next.

\\n

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

\\n

With a market cap of $200.59 billion, The pharmaceuticals and biotechnology company started 2021 by losing 2.37%. So far this year it is under-performing the Dow Jones by 11.03%.

\\n

\\n
\\n

Pfizer says its Covid-19 vaccine is 100% effective in young teens https://t.co/UrKp0bBggs pic.twitter.com/wNRZTAs9o6

\\n

— Forbes (@Forbes) April 8, 2021

\\n

\\n

\\n\",\"\\n

McDonald's is trading around $230.25 after losing 1% yesterday

\\n

(Last update 9:31pm EST, April 8, 2021)

\\n

\\n

McDonald's yesterday at a glance – the fast food company remained in the $230.25 range after starting the session at $232.61 and dropping 1%. Trading volume was 2.77 million, below the daily average of 3.54 million.

\\n

The chart pattern study shows McDonald'ss nearest support level is at $204.84. In terms of trend indicators, we can see that at $231.12, McDonald's made an initial breakout below the 3 day Simple Moving Average, an indication of a negative trend. Asset volatility analysis shows that the upper Bollinger band is at $234, indicating a further downward move might be next. 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.

\\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 McDonald's

\\n

with a market cap of $171.67 billion, The fast food giant started in 2021 by gaining 6.74%. So far this year it is under-performing the Dow by 1.92%.

\\n

\\n
\\n

ICYMI – Saudi oil minister expresses confidence OPEC+ made the right output decision https://t.co/pdXia1M0QB

\\n

— ForexLive (@ForexLive) April 9, 2021

\\n

\\n

\\n\",\"\\n

Bitcoin drifts down to $58,229 (down $128.93) after starting the day at $58,358

\\n

(Last update 9:31pm EST, April 8, 2021)

\\n

\\n

Currently light red but with no clear-cut direction, Bitcoin is trading at $58,229 after ranging today between $58,461 and $58,200.

\\n

As the day gets underway, a chart visual study suggests the nearest support level is at $51,700, while the closest resistance is at $61,243.

\\n

With a market cap of 1.09 trillion, Bitcoin started in 2021 by gaining 46.75%.

\\n

\\n
\\n

ICYMI – Saudi oil minister expresses confidence OPEC+ made the right output decision https://t.co/pdXia1M0QB

\\n

— ForexLive (@ForexLive) April 9, 2021

\\n

\\n

\\n\",\"\\n

Gold hovers around $1,756.5

\\n

(Last update 9:31pm EST, April 8, 2021)

\\n

\\n

The gold price varies between $1,754 and $1,757 and settles at $1,756.5.

\\n

As the day gets underway, a chart visual study suggests gold might start to recover soon because it is getting closer and is now only $15.1 from the support line at $1,741.4, 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. However, the upper Bollinger band is at $1,760.78, indicating a downward move might be next.

\\n

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

\\n

Gold started 2021 by losing 7.77%.

\\n

\\n
\\n

ICYMI – Saudi oil minister expresses confidence OPEC+ made the right output decision https://t.co/pdXia1M0QB

\\n

— ForexLive (@ForexLive) April 9, 2021

\\n

\\n

\\n\",\"\\n

A slow down? after three days of going up, Crude oil is flat today, hovering around $59.83

\\n

(Last update 9:31pm EST, April 8, 2021)

\\n

\\n

Crude oil is trading steadily today, ranging between $59.93 and $59.7 and is now at $59.83.

\\n

As the day gets underway, a chart visual study suggests crude oil might start to recover soon because it is getting closer and is now only $2.07 from the support line at $57.76, Obviously, dipping below it could be an indication that further losses are ahead. Asset volatility analysis shows that the lower Bollinger band is at $58.06, indicating a positive move might be next.

\\n

Overall, looking at the technical analysis landscape, it seems oil might start pointing upward in the short term.

\\n

Oil started 2021 by gaining 18.86%.

\\n

\\n
\\n

ICYMI – Saudi oil minister expresses confidence OPEC+ made the right output decision https://t.co/pdXia1M0QB

\\n

— ForexLive (@ForexLive) April 9, 2021

\\n

\\n

\\n\",\"\\n

Steady Euro/Dollar parks at 1.1915

\\n

(Last update 9:31pm EST, April 8, 2021)

\\n

\\n

The euro is trading steadily today, ranging between 1.1921 and 1.1911 and is now at 1.1915.

\\n

As the day gets underway, a chart visual study suggests the Euro might start to recover soon because it is getting closer and is now only 66 pips from the support line at 1.1848, Obviously, dipping below it could be an indication that further losses are ahead. Asset volatility analysis shows that the upper Bollinger band is at 1.1971, indicating a downward move might be next.

\\n

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

\\n

The Euro started 2021 by losing 2.95%.

\\n

\\n
\\n

ICYMI – Saudi oil minister expresses confidence OPEC+ made the right output decision https://t.co/pdXia1M0QB

\\n

— ForexLive (@ForexLive) April 9, 2021

\\n

\\n

\\n\",\"\\n

After three days of going down, The Pound has no clear-cut direction today, trading around 1.3736

\\n

(Last update 10:11pm EST, April 8, 2021)

\\n

\\n

The GBP/USD price varies between 1.3722 and 1.3751 and settles at 1.3736.

\\n

As the day gets underway, a chart visual study suggests the British Pound might start to recover soon because it is getting close and is now only 47 pips from the support line at 1.3689, Obviously, dipping below it could be an indication that further losses are ahead. Asset volatility analysis shows that the lower Bollinger band is at 1.3691, indicating a positive move might be next.

\\n

Overall, looking at the technical analysis landscape, it seems the pound/dollar might start pointing upward in the short term.

\\n

The Pound started in 2021 by gaining 0.49%.

\\n

\\n
\\n

Japan's coronavirus advisory panel has agreed to extra virus measures for Tokyo, Osaka https://t.co/f9AnvBzJu7

\\n

— ForexLive (@ForexLive) April 9, 2021

\\n

\\n

\\n\",\"\\n

Stable day for Yen, parking at 109.28

\\n

(Last update 10:11pm EST, April 8, 2021)

\\n

\\n

A mostly flat day so far for Dollar/Yen ranging between 109.4 and 109.2 and is now at 109.28.

\\n

As the day gets underway, a chart visual study suggests the Yen resistance level is at 110.73. 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 109.03, indicating a positive move might be next.

\\n

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

\\n

The Dollar/Yen started 2021 by gaining 6.07%.

\\n

\\n
\\n

Japan's coronavirus advisory panel has agreed to extra virus measures for Tokyo, Osaka https://t.co/f9AnvBzJu7

\\n

— ForexLive (@ForexLive) April 9, 2021

\\n

\\n

\\n\",\"\\n

After four days of going down, Swiss franc is flat today, hovering around 0.9246

\\n

(Last update 10:11pm EST, April 8, 2021)

\\n

\\n

Dollar/Swiss trading at 0.9246 with no clear-cut direction, ranging between 0.9253 and 0.9235.

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As the day gets underway, a chart visual study suggests Dollar/Swiss might start to recover soon because it is getting close and is now only 21 pips from the support line at 0.9225, Obviously, dipping below it could be an indication that further losses are ahead. In terms of trend indicators, we can see that at 0.9238, Swiss franc made an initial breakout above the 50 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. Momentum evaluation shows The Relative Strength Index indicates the Swiss franc is in oversold condition, allowing more gains. Asset volatility analysis shows that the lower Bollinger band is at 0.9234, indicating a positive move might be next.

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

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The Swiss franc started in 2021 by gaining 4.81%.

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Japan's coronavirus advisory panel has agreed to extra virus measures for Tokyo, Osaka https://t.co/f9AnvBzJu7

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— ForexLive (@ForexLive) April 9, 2021

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Aussie/Dollar nudges down to 0.7641 (down 10 pips) after starting the day at 0.7651

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(Last update 10:11pm EST, April 8, 2021)

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The Aussie/Dollar nudged down to 0.7641, following mixed behavior today, as it ranged between 0.7638 and 0.7662.

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As the day gets underway, a chart visual study suggests Aussie/Dollar immediate support is around 0.7638, resistance level is at 0.7697. In terms of trend indicators, we can see that at 0.7642, Australian dollar made an initial breakout below the 3 day Simple Moving Average, an indication of a negative trend. Asset volatility analysis shows that the upper Bollinger band is at 0.7669, indicating a further downward move might be next.

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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 2021 by losing 1.1%.

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Japan's coronavirus advisory panel has agreed to extra virus measures for Tokyo, Osaka https://t.co/f9AnvBzJu7

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— ForexLive (@ForexLive) April 9, 2021

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