\\n

\\n\",\"\\n

The Dow will open at 33,800 after four straight days of gains

\\n

(Last update 11:12pm EST, April 10, 2021)

\\n

\\n

Dow Jones Friday at a glance – with a daily low of 33,526, Dow Jones closed at 33,800 after starting the day at 33,500 and gaining 300 points (0.89%).

\\n

A study of Dow Jones's chart pattern shows the Dow immediate resistance is around 33,900, nearest support level is at 33,000. 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 Dow Jones is in overbought condition. However, the upper Bollinger band is at 33,876, This is a slight indication of a slowdown.

\\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 started 2021 by gaining 9.53%.

\\n

\\n
\\n

WATCH: Amazon CEO Jeff Bezos said that he supports President Biden’s proposed tax hikes on American companies. The largest online U.S. retailer has been widely criticized in recent years for paying little or no U.S. federal income tax https://t.co/vEuNRzVAyZ pic.twitter.com/t1Coss2zJM

\\n

— Reuters (@Reuters) April 11, 2021

\\n

\\n

\\n\",\"\\n

S&P 500 hits fresh record high at 4,129.48

\\n

(Last update 11:12pm EST, April 10, 2021)

\\n

\\n

After opening at 4,097.17, S&P gained 31.63 points, hitting a fresh record high of 4,129.48.

\\n

Important graph levels to look out for: S&P immediate resistance is around 4,140.35, 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 the upper Bollinger band is at 4,144.21, This is a slight indication of a slowdown.

\\n

Overall, technical indicators suggest the S&P 500 has no obvious direction for the immediate future.

\\n

The S&P 500 started 2021 by gaining 9.1%.

\\n

\\n
\\n

WATCH: Amazon CEO Jeff Bezos said that he supports President Biden’s proposed tax hikes on American companies. The largest online U.S. retailer has been widely criticized in recent years for paying little or no U.S. federal income tax https://t.co/vEuNRzVAyZ pic.twitter.com/t1Coss2zJM

\\n

— Reuters (@Reuters) April 11, 2021

\\n

\\n

\\n\",\"\\n

Apple closes at $133, up $2.64, adding one more to its eight straight days of gains

\\n

(Last update 11:12pm EST, April 10, 2021)

\\n

\\n

Apple Friday at a glance – the sleek phone manufacturer went up to $133 and gained $2.64 compared to the $130.36 start of the day (2.02%). Trading volume was 101.98 million, above the daily average of 100.87 million.

\\n

Visual analysis of the Apple's price graph shows Apple's immediate resistance is around $134.2, nearest support level is at $116.36. 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, 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 $132.64 – a high enough level to usually suggest Apple is trading above its value.

\\n

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

\\n

With a market cap of $2.23 trillion, The sleek phone manufacturer started in 2021 by gaining 0.24%. So far this year it is under-performing the Nasdaq by 7.08%.

\\n

\\n
\\n

WATCH: Amazon CEO Jeff Bezos said that he supports President Biden’s proposed tax hikes on American companies. The largest online U.S. retailer has been widely criticized in recent years for paying little or no U.S. federal income tax https://t.co/vEuNRzVAyZ pic.twitter.com/t1Coss2zJM

\\n

— Reuters (@Reuters) April 11, 2021

\\n

\\n

\\n\",\"\\n

Facebook is trading around $312.46 after losing 0.18% Friday

\\n

(Last update 11:12pm EST, April 10, 2021)

\\n

\\n

Facebook Friday at a glance – the social media company slid down from $313 to $312.46, taking a 54 cents loss (0.18%). Trading volume was 15.99 million, below the daily average of 21.96 million.

\\n

Important graph levels to look out for: Facebook's nearest support level is at $293.54. In terms of trend indicators, we can see that at $310.79, Facebook made an initial breakout below the 3 day Simple Moving Average, an indication of a negative 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 Facebook is in overbought condition, Keep an eye out for a slowdown of gains. Asset volatility analysis shows that the upper Bollinger band is at $320.55, indicating a downward move might be next.

\\n

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

\\n

With a market cap of $889.78 billion, Mark Zuckerberg's company started in 2021 by gaining 12.56%. So far this year it is outperforming the Nasdaq by 5.24%.

\\n

\\n
\\n

WATCH: Amazon CEO Jeff Bezos said that he supports President Biden’s proposed tax hikes on American companies. The largest online U.S. retailer has been widely criticized in recent years for paying little or no U.S. federal income tax https://t.co/vEuNRzVAyZ pic.twitter.com/t1Coss2zJM

\\n

— Reuters (@Reuters) April 11, 2021

\\n

\\n

\\n\",\"\\n

Amazon closes at $3,372.2, up $72.9, adding one more to its four straight days of gains

\\n

(Last update 11:12pm EST, April 10, 2021)

\\n

\\n

Amazon Friday at a glance – the tech and retail multifaceted giant rallied 2.21% and maintained at $3,372.2 level. Trading volume was 4.34 million, above the daily average of 3.26 million.

\\n

The Chart visual study suggests Amazon's immediate resistance is around $3,400, 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, Keep an eye out for a slowdown of gains. On the other hand, note that the upper Bollinger band is at $3,374.7, This is a slight indication of a slowdown.

\\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 $1.70 trillion, The tech and retail multifaceted giant has started 2021 by gaining 3.49%. So far this year it is under-performing the Nasdaq by 3.83%.

\\n

\\n
\\n

WATCH: Amazon CEO Jeff Bezos said that he supports President Biden’s proposed tax hikes on American companies. The largest online U.S. retailer has been widely criticized in recent years for paying little or no U.S. federal income tax https://t.co/vEuNRzVAyZ pic.twitter.com/t1Coss2zJM

\\n

— Reuters (@Reuters) April 11, 2021

\\n

\\n

\\n\",\"\\n

Microsoft closes at $255.85, up $2.6, adding one more to its four straight days of gains

\\n

(Last update 11:56pm EST, April 10, 2021)

\\n

\\n

Microsoft Friday at a glance – after starting the session at $253.25 Microsoft spiked to $256, dropped back to starting point range, and rallied again to $255.85. Trading volume was 22.92 million, below the daily average of 27.99 million.

\\n

Important graph levels to look out for: Microsoft immediate resistance is around $257.08, 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. Asset volatility analysis shows that a slight indication of a slowdown comes from looking at the Bollinger bands: the upper band is at $261.76 – a high enough level to usually suggest Microsoft is trading above its value. However, the Relative Strength Index indicates Microsoft is in strong overbought condition.

\\n

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

\\n

with a market cap of $1.93 trillion, The iconic OS developer started in 2021 by gaining 13.2%. So far this year it is outperforming the Nasdaq by 5.88%.

\\n

\\n
\\n

A new show has surpassed "Bridgerton" to become Netflix's top program of 2021 https://t.co/0FY1F2V3X8 pic.twitter.com/TeytvkY2qd

\\n

— Forbes (@Forbes) April 11, 2021

\\n

\\n

\\n\",\"\\n

Google up 0.9%, closing at $2,286 and building up on its four days of gains.

\\n

(Last update 11:57pm EST, April 10, 2021)

\\n

\\n

Google Friday at a glance – the leading search engine company went up to $2,286 and gained $20.56 compared to the $2,265.44 start of the day (0.9%). Trading volume was 1.04 million, below the daily average of 1.41 million.

\\n

The Chart pattern study shows Google's immediate resistance is around $2,298.71, 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 $1.54 trillion, The leading search engine company started 2021 by gaining 23.57%. So far this year it is outperforming the Nasdaq by 16.25%.

\\n

\\n
\\n

A new show has surpassed "Bridgerton" to become Netflix's top program of 2021 https://t.co/0FY1F2V3X8 pic.twitter.com/TeytvkY2qd

\\n

— Forbes (@Forbes) April 11, 2021

\\n

\\n

\\n\",\"\\n

Tesla is trading around $677 after losing 0.99% Friday

\\n

(Last update 11:57pm EST, April 10, 2021)

\\n

\\n

Tesla Friday at a glance – Elon Musk's electric car company recovered some but not all the way back to $683.8 after dipping down to $669.43. Trading volume was 21.04 million, below the daily average of 31.23 million.

\\n

An analysis of Tesla chart suggests Tesla's nearest support level is at $563.

\\n

With a market cap of $649.84 billion, The trendy electric car company started in 2021 by losing 4.19%. So far this year it is under-performing the Nasdaq by 11.51%.

\\n

\\n
\\n

A new show has surpassed "Bridgerton" to become Netflix's top program of 2021 https://t.co/0FY1F2V3X8 pic.twitter.com/TeytvkY2qd

\\n

— Forbes (@Forbes) April 11, 2021

\\n

\\n

\\n\",\"\\n

Zoom is trading around $322.65 after losing 2.61% Friday

\\n

(Last update 11:57pm EST, April 10, 2021)

\\n

\\n

Zoom Friday at a glance – the video communications platform provider dropped 2.61% early on and stayed at the $322.65 range. Trading volume was 3.22 million, above the daily average of 3.17 million.

\\n

In terms of trend indicators, we can see that at $321.2, Zoom made an initial breakout below the 10 day Simple Moving Average, an indication of a negative trend. Asset volatility analysis shows that the upper Bollinger band is at $334.66, indicating a further downward move might be next. However, Zoom might start to recover soon because it is getting closer and is now only $11.72 from the support line at $310.93, 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 Zoom.

\\n

with a market cap of $94.77 billion, The video communications platform provider started 2021 by losing 4.43%. So far this year it is under-performing the Nasdaq by 11.75%.

\\n

\\n
\\n

A new show has surpassed "Bridgerton" to become Netflix's top program of 2021 https://t.co/0FY1F2V3X8 pic.twitter.com/TeytvkY2qd

\\n

— Forbes (@Forbes) April 11, 2021

\\n

\\n

\\n\",\"\\n

Netflix is growing its eight-day winning streak closing at $555.31, gaining 0.13%.

\\n

(Last update 11:57pm EST, April 10, 2021)

\\n

\\n

Netflix Friday at a glance – Netflix recovered back to $555.31 after dipping down to $547.11 in a session that started at $554.58. Trading volume was 2.89 million, below the daily average of 3.28 million.

\\n

A study of Netflix's graph shows key levels to watch: Netflix might start to recover soon because it is getting close and is now only $20.22 from the support line at $535.09, Obviously, dipping below it could be an indication that further losses are ahead. In terms of trend indicators, we can see that at $548.7, Netflix made an initial breakout below the 3 day Simple Moving Average, an indication of a negative trend. 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 $570.46, indicating a downward move might be next.

\\n

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

\\n

With a market cap of $245.94 billion, The streaming heavyweight started in 2021 by gaining 2.63%. So far this year it is under-performing the Nasdaq by 4.69%.

\\n

\\n
\\n

A new show has surpassed "Bridgerton" to become Netflix's top program of 2021 https://t.co/0FY1F2V3X8 pic.twitter.com/TeytvkY2qd

\\n

— Forbes (@Forbes) April 11, 2021

\\n

\\n

\\n\",\"\\n

Steady Walmart holds at $139.78

\\n

(Last update 11:21pm EST, April 10, 2021)

\\n

\\n

Walmart Friday at a glance – after dropping down to $138.71, the warehouse store chain company recovered some losses and is currently trading at $139.78. Trading volume was 6.51 million, below the daily average of 8.91 million.

\\n

The Chart pattern study shows Walmart's nearest support level is at $127.53. In terms of trend indicators, we can see that at $138.75, Walmart made an initial breakout below the 200 day Simple Moving Average, an indication of a negative trend. Asset volatility analysis shows that the upper Bollinger band is at $142, indicating a downward move might be next. However, the Relative Strength Index indicates Walmart is in strong overbought condition.

\\n

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

\\n

With a market cap of $393.77 billion, The discount department and warehouse stores chain started in 2021 by losing 3.13%. So far this year it is under-performing the Dow by 12.66%.

\\n

\\n
\\n

McDonald's is set to close hundreds of locations in Walmart stores in 2021.https://t.co/7rEYQhOR9w

\\n

— TheStreet (@TheStreet) April 11, 2021

\\n

\\n

\\n\",\"\\n

Procter & Gamble is trading around $136.37 after losing 0.65% Friday

\\n

(Last update 11:21pm EST, April 10, 2021)

\\n

\\n

Procter & Gamble Friday at a glance – the consumer goods corporation remained in the $136.37 range after starting the session at $137.26 and dropping 0.65%. Trading volume was 5.86 million, below the daily average of 8.51 million.

\\n

The Chart visual study suggests the nearest support level is at $122.15. In terms of trend indicators, we can see that at $135.86, Procter & Gamble made an initial breakout below the 10 day Simple Moving Average, an indication of a negative trend. Asset volatility analysis shows that the upper Bollinger band is at $137.97, indicating a further downward move might be next.

\\n

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

\\n

With a market cap of $335.81 billion, The consumer goods corporation started 2021 by losing 2.02%. So far this year it is under-performing the Dow by 11.55%.

\\n

\\n
\\n

McDonald's is set to close hundreds of locations in Walmart stores in 2021.https://t.co/7rEYQhOR9w

\\n

— TheStreet (@TheStreet) April 11, 2021

\\n

\\n

\\n\",\"\\n

Walt Disney closes at $187.89 after gaining 0.3% during the session

\\n

(Last update 11:21pm EST, April 10, 2021)

\\n

\\n

Walt Disney Friday at a glance – Walt Disney recovered all the way back to $187.32 after dipping down to $186.15. Trading volume was 5.93 million, below the daily average of 7.53 million.

\\n

A study of Walt Disney's chart pattern shows the nearest resistance level is at $201.91. In terms of trend indicators, we can see that at $187.83, Walt Disney made an initial breakout above the 50 day Simple Moving Average, an indication of a positive trend. Asset volatility analysis shows that the upper Bollinger band is at $190.42, This is a slight indication of a slowdown.

\\n

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

\\n

With a market cap of $341.07 billion, The entertainment and content production company started in 2021 by gaining 3.58%. So far this year it is under-performing the Dow by 5.95%.

\\n

\\n
\\n

McDonald's is set to close hundreds of locations in Walmart stores in 2021.https://t.co/7rEYQhOR9w

\\n

— TheStreet (@TheStreet) April 11, 2021

\\n

\\n

\\n\",\"\\n

Coca-Cola closes at $53.18 after gaining 0.11% during the session

\\n

(Last update 11:21pm EST, April 10, 2021)

\\n

\\n

Coca-Cola Friday at a glance – after dropping down to $52.81, the soft drink company recovered some losses and is currently trading at $53.18. Trading volume was 10.41 million, below the daily average of 14.37 million.

\\n

The Chart pattern study shows Coca-Cola resistance level is at $53.85. In terms of trend indicators, we can see that at $52.97, Coca-Cola made an initial breakout below the 10 day Simple Moving Average, an indication of a negative trend. Asset volatility analysis shows that the upper Bollinger band is at $53.75, indicating a downward move might be next.

\\n

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

\\n

With a market cap of $229.17 billion, The soft drinks giant started 2021 by losing 3.13%. So far this year it is under-performing the Dow by 12.66%.

\\n

\\n
\\n

McDonald's is set to close hundreds of locations in Walmart stores in 2021.https://t.co/7rEYQhOR9w

\\n

— TheStreet (@TheStreet) April 11, 2021

\\n

\\n

\\n\",\"\\n

Pfizer closes at $36.6 after gaining 1.78% during the session

\\n

(Last update 11:21pm EST, April 10, 2021)

\\n

\\n

Pfizer Friday at a glance – the pharmaceuticals and biotechnology company went up to $36.6 and gained 64 cents compared to the $35.96 start of the day (1.78%). Trading volume was 31.30 million, above the daily average of 24.37 million.

\\n

In terms of trend indicators, we can see that at $36.57, Pfizer made an initial breakout above the 200 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. In contrast, the upper Bollinger band is at $36.75, This is a slight indication of a slowdown.

\\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 $204.16 billion, The pharmaceuticals and biotechnology company started 2021 by losing 0.58%. So far this year it is under-performing the Dow Jones by 10.11%.

\\n

\\n
\\n

McDonald's is set to close hundreds of locations in Walmart stores in 2021.https://t.co/7rEYQhOR9w

\\n

— TheStreet (@TheStreet) April 11, 2021

\\n

\\n

\\n\",\"\\n

McDonald's closes at $231.48 after gaining 0.53% during the session

\\n

(Last update 11:01pm EST, April 10, 2021)

\\n

\\n

McDonald's Friday at a glance – McDonald's recovered all the way back to $230.25 after dipping down to $228.87. Trading volume was 2.73 million, below the daily average of 3.52 million.

\\n

Important graph levels to look out for: McDonald's immediate resistance is around $232.44, nearest support level is at $204.84. In terms of trend indicators, we can see that although up today, it's worth noting that earlier McDonald's dropped below the 5 day Simple Moving Average as it was trading at $229.77, usually an indication that a negative trend is ahead. Asset volatility analysis shows that the upper Bollinger band is at $233.49, 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.

\\n

Overall, looking at the technical analysis landscape, it seems a reverse of course in the short term might be next for McDonald's

\\n

with a market cap of $172.71 billion, The fast food company started in 2021 by gaining 7.34%. So far this year it is under-performing the Dow by 2.19%.

\\n

\\n
\\n

Bitcoin above $60,000 again, rises 1.32% to record $60,555.97 https://t.co/9XPGvXwCVW pic.twitter.com/P3jmqDbUgd

\\n

— Reuters (@Reuters) April 11, 2021

\\n

\\n

\\n\",\"\\n

Bitcoin up $234.25, trading around $60,667

\\n

(Last update 11:01pm EST, April 10, 2021)

\\n

\\n

After dipping down to $59,800, Bitcoin regained earlier losses, currently at $60,667

\\n

As the day got underway, a chart visual study suggested the nearest resistance level was at $61,243. 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.

\\n

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

\\n

With a market cap of 1.13 trillion, Bitcoin started in 2021 by gaining 50.44%.

\\n

\\n
\\n

Bitcoin above $60,000 again, rises 1.32% to record $60,555.97 https://t.co/9XPGvXwCVW pic.twitter.com/P3jmqDbUgd

\\n

— Reuters (@Reuters) April 11, 2021

\\n

\\n

\\n\",\"\\n

Gold rallied beyond $1,758.2 for the first time in 6 weeks

\\n

(Last update 11:01pm EST, April 10, 2021)

\\n

\\n

After starting the day at $1,758.2, Gold rallied to $1,758.2, hitting its highest point in 6 weeks, It later lost $14.2 and closed at $1,744

\\n

In terms of trend indicators, we can see that at $1,749.74, Gold 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 $1,759.68, indicating a further downward move might be next. Japanese Candlesticks formations detected today are the "bearish harami”, Whenever it appears on top of a bullish overall trend, some traders would consider this as an indication of a reversal, of course. In contrast, Gold reversed direction at $1,741.4 support zone and climbed $2.7 above it. 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 Gold.

\\n

Gold started 2021 by losing 8.52%.

\\n

\\n
\\n

Bitcoin above $60,000 again, rises 1.32% to record $60,555.97 https://t.co/9XPGvXwCVW pic.twitter.com/P3jmqDbUgd

\\n

— Reuters (@Reuters) April 11, 2021

\\n

\\n

\\n\",\"\\n

Oil is down 45 cents (0.75%), trading around $59.32

\\n

(Last update 11:01pm EST, April 10, 2021)

\\n

\\n

Crude oil Friday at a glance – Oil slid down from $59.77 to $59.32, losing 45 cents (0.75%).

\\n

The chart visual suggests crude oil might start to recover soon because it is getting closer and is now only $1.56 from the support line at $57.76, Obviously, dipping below it could be an indication that further losses are ahead. In terms of trend indicators, we can see that although down today, it's worth noting that at $60.05 crude oil did peak above the 5 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 $57.91 – a low enough level to usually suggest crude oil is trading below its value.

\\n

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

\\n

Crude oil started in 2021 by gaining 18.07%.

\\n

\\n
\\n

Bitcoin above $60,000 again, rises 1.32% to record $60,555.97 https://t.co/9XPGvXwCVW pic.twitter.com/P3jmqDbUgd

\\n

— Reuters (@Reuters) April 11, 2021

\\n

\\n

\\n\",\"\\n

Euro/Dollar nudges down to 1.19 (down 15 pips) after starting the day at 1.1915

\\n

(Last update 11:01pm EST, April 10, 2021)

\\n

\\n

Euro/Dollar Friday at a glance – Euro/Dollar is down to 1.19 having started the day at 1.1915, overall a 0.13% loss or 15 pips today.

\\n

Asset volatility analysis shows that the upper Bollinger band is at 1.1956, indicating a further downward move might be next.

\\n

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

\\n

The Euro started 2021 by losing 2.72%.

\\n

\\n
\\n

Bitcoin above $60,000 again, rises 1.32% to record $60,555.97 https://t.co/9XPGvXwCVW pic.twitter.com/P3jmqDbUgd

\\n

— Reuters (@Reuters) April 11, 2021

\\n

\\n

\\n\",\"\\n

At 1.367 The Pound down to its lowest value in 2 months

\\n

(Last update 12:11am EST, April 11, 2021)

\\n

\\n

After starting the day at 1.3735 GBP/USD dropped to 1.367, hitting its lowest point in 2 months, it later recovered 36 pips and closed at 1.3706

\\n

Asset volatility analysis shows that a slight indication of recovery comes from looking at the Bollinger bands: the lower band is at 1.3659 – a low enough level to usually suggest the British Pound is trading below its value.

\\n

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

\\n

The Pound/Dollar started in 2021 by gaining 0.28%.

\\n

\\n
\\n

Coronavirus-era social isolation prompts Japan to name a loneliness minister https://t.co/5fmGFhgNdL

\\n

— The Wall Street Journal (@WSJ) April 11, 2021

\\n

\\n

\\n\",\"\\n

Yen up 42 pips, trading around 109.67

\\n

(Last update 12:11am EST, April 11, 2021)

\\n

\\n

Yen Friday at a glance – with a daily low of 109.2, Dollar/Yen closed at 109.67 after starting the day at 109.25 and gaining 42 pips (0.38%).

\\n

In terms of trend indicators, we can see that at 109.56, Yen 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 109.13, indicating further gains might be next. In contrast, dollar/yen could be slowing down soon because it is getting close and is now only 105 pips from the resistance line at 110.73, yet crossing it might suggest further gains are ahead.

\\n

Overall, looking at the technical analysis landscape, it seems the Dollar/Yen likely to continue pointing upward in the short term.

\\n

The Dollar/Yen started 2021 by gaining 5.89%.

\\n

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Coronavirus-era social isolation prompts Japan to name a loneliness minister https://t.co/5fmGFhgNdL

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— The Wall Street Journal (@WSJ) April 11, 2021

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Stable day for Swiss franc, trading around 0.9245

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(Last update 12:11am EST, April 11, 2021)

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Dollar/Swiss Friday at a glance – Dollar/Swiss traded at 0.9245 having started the session at 0.9252, overall a 0.08% move or 7 pips

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The chart visual study suggests Dollar/Swiss is climbing away and is now 19 pips from the 0.9225 support line. In terms of trend indicators, we can see that at 0.9238, Dollar/Swiss made an initial breakout above the 50 day Simple Moving Average, an indication of a positive trend. Asset volatility analysis shows that the lower Bollinger band is at 0.9209, indicating a positive move might be next. 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.

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

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The Swiss franc started in 2021 by gaining 5.3%.

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Coronavirus-era social isolation prompts Japan to name a loneliness minister https://t.co/5fmGFhgNdL

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— The Wall Street Journal (@WSJ) April 11, 2021

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Australian dollar is down 32 pips (0.43%), trading around 0.7619

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(Last update 12:11am EST, April 11, 2021)

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Aussie/Dollar Friday at a glance – Aussie/Dollar failed to recover all the way to 0.7651 after dipping down to 0.7588.

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A study of the Aussie/Dollar's graph shows key levels to watch: Aussie/Dollar immediate support is around 0.7618, resistance level is at 0.7697. In terms of trend indicators, we can see that at 0.7622, Aussie/Dollar made an initial breakout below the 10 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. Asset volatility analysis shows that the upper Bollinger band is at 0.7664, 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 1.02%.

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Coronavirus-era social isolation prompts Japan to name a loneliness minister https://t.co/5fmGFhgNdL

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— The Wall Street Journal (@WSJ) April 11, 2021

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