\\n

\\n\",\"\\n

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

\\n

(Last update 12:31am EST, April 12, 2021)

\\n

\\n

Dow 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

Dow's graph levels to watch: 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 the Dow is in overbought condition, Keep an eye out for a slowdown of gains. 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 Jones started 2021 by gaining 9.53%.

\\n

\\n
\\n

Here's why Apple just gave millions of iPhone and iPad users a reason to leave: https://t.co/RrPeKlI35J pic.twitter.com/Yjs0qwGl2R

\\n

— Forbes (@Forbes) April 12, 2021

\\n

\\n

\\n\",\"\\n

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

\\n

(Last update 12:31am EST, April 12, 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 500 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. Asset volatility analysis shows that a slight indication of a slowdown comes from looking at the Bollinger bands: the upper band is at 4,144.21 – a high enough level to usually suggest the S&P 500 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 500 started 2021 by gaining 9.1%.

\\n

\\n
\\n

Here's why Apple just gave millions of iPhone and iPad users a reason to leave: https://t.co/RrPeKlI35J pic.twitter.com/Yjs0qwGl2R

\\n

— Forbes (@Forbes) April 12, 2021

\\n

\\n

\\n\",\"\\n

Apple will open at $133 after eight straight days of gains

\\n

(Last update 12:31am EST, April 12, 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 106.69 million, above the daily average of 100.87 million.

\\n

An analysis of the Apple chart suggests 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, the technical analysis suggests Apple is neutral for the immediate future, with no clear-cut direction.

\\n

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

\\n

\\n
\\n

Here's why Apple just gave millions of iPhone and iPad users a reason to leave: https://t.co/RrPeKlI35J pic.twitter.com/Yjs0qwGl2R

\\n

— Forbes (@Forbes) April 12, 2021

\\n

\\n

\\n\",\"\\n

Ahead of today's session Facebook is trading around $312.46 after losing 0.18% Friday

\\n

(Last update 12:31am EST, April 12, 2021)

\\n

\\n

Facebook Friday at a glance – Mark Zuckerberg's 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

The Chart pattern study shows 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

Here's why Apple just gave millions of iPhone and iPad users a reason to leave: https://t.co/RrPeKlI35J pic.twitter.com/Yjs0qwGl2R

\\n

— Forbes (@Forbes) April 12, 2021

\\n

\\n

\\n\",\"\\n

Amazon closes at $3,372.2, up 2.21%, adding one more to its four straight days of gains

\\n

(Last update 12:31am EST, April 12, 2021)

\\n

\\n

Amazon Friday at a glance – starting at $3,304.7 Jeff Bezos’s company rallied 2.21% and maintained at the $3,372.2 level. Trading volume was 4.34 million, above the daily average of 3.26 million.

\\n

A study of Amazon's chart pattern shows 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. In contrast, 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, Jeff Bezos’s company started in 2021 by gaining 3.49%. So far this year it is under-performing the Nasdaq by 3.83%.

\\n

\\n
\\n

Here's why Apple just gave millions of iPhone and iPad users a reason to leave: https://t.co/RrPeKlI35J pic.twitter.com/Yjs0qwGl2R

\\n

— Forbes (@Forbes) April 12, 2021

\\n

\\n

\\n\",\"\\n

Microsoft will open at $255.85 after four straight days of gains

\\n

(Last update 12:41am EST, April 12, 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 24.33 million, below the daily average of 27.99 million.

\\n

The Chart visual study suggests Microsoft's 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. In contrast, 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/BbDpgU23NQ pic.twitter.com/epFqVSfT9c

\\n

— Forbes (@Forbes) April 12, 2021

\\n

\\n

\\n\",\"\\n

Google will open at $2,286 after four straight days of gains

\\n

(Last update 12:41am EST, April 12, 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

Google's graph levels to watch: Google 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/BbDpgU23NQ pic.twitter.com/epFqVSfT9c

\\n

— Forbes (@Forbes) April 12, 2021

\\n

\\n

\\n\",\"\\n

Ahead of today's session Tesla is trading around $677 after losing 0.99% Friday

\\n

(Last update 12:41am EST, April 12, 2021)

\\n

\\n

Tesla Friday at a glance – the trendy electric car company recovered some but not all the way back to $683.8 after dipping down to $669.43. Trading volume was 21.44 million, below the daily average of 31.23 million.

\\n

Tesla's graph levels to watch: 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/BbDpgU23NQ pic.twitter.com/epFqVSfT9c

\\n

— Forbes (@Forbes) April 12, 2021

\\n

\\n

\\n\",\"\\n

Ahead of today's session Zoom is trading around $322.65 after losing 2.61% Friday

\\n

(Last update 12:41am EST, April 12, 2021)

\\n

\\n

Zoom Friday at a glance – the video communications platform provider closed at $322.65 after starting the session at $331.28 and dropping early to $319.42, overall Zoom lost 2.61% of its value. 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. In contrast, 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/BbDpgU23NQ pic.twitter.com/epFqVSfT9c

\\n

— Forbes (@Forbes) April 12, 2021

\\n

\\n

\\n\",\"\\n

Netflix up eight days in a row, gaining 0.13%, closing at $555.31.

\\n

(Last update 12:42am EST, April 12, 2021)

\\n

\\n

Netflix Friday at a glance – after dropping down to $547.11, the streaming company recovered some losses and is currently trading at $555.31. Trading volume was 2.89 million, below the daily average of 3.28 million.

\\n

An analysis of the Netflix chart suggests 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, technical indicators suggest Netflix has no obvious direction for the immediate future.

\\n

With a market cap of $245.94 billion, The streaming company 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/BbDpgU23NQ pic.twitter.com/epFqVSfT9c

\\n

— Forbes (@Forbes) April 12, 2021

\\n

\\n

\\n\",\"\\n

Ahead of today's session Walmart is trading around $139.78

\\n

(Last update 9:51pm EST, April 11, 2021)

\\n

\\n

Walmart Friday at a glance – the warehouse store chain company recovered back to $139.78 after dipping down to $138.71 in a session that started at $139.71. Trading volume was 6.90 million, below the daily average of 8.91 million.

\\n

Visual analysis of Walmart's price graph 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 all the technical indicators, it seems Walmart might be pointing down in the short term.

\\n

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

\\n

\\n
\\n

Israeli study finds South African COVID-19 mutant may beat the Pfizer vaccine https://t.co/VaVYLAAJq9

\\n

— ForexLive (@ForexLive) April 11, 2021

\\n

\\n

\\n\",\"\\n

Ahead of today's session Procter & Gamble is trading around $136.37 after losing 0.65% Friday

\\n

(Last update 9:51pm EST, April 11, 2021)

\\n

\\n

Procter & Gamble Friday at a glance – the consumer goods company closed at $136.37 after starting the session at $137.26 and dropping early to $135.56, overall Procter & Gamble lost 0.65% of its value. Trading volume was 5.86 million, below the daily average of 8.51 million.

\\n

Important graph levels to look out for: Procter & Gamble's 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 Jones by 11.55%.

\\n

\\n
\\n

Israeli study finds South African COVID-19 mutant may beat the Pfizer vaccine https://t.co/VaVYLAAJq9

\\n

— ForexLive (@ForexLive) April 11, 2021

\\n

\\n

\\n\",\"\\n

Walt Disney will open at $187.89 after gaining 0.3% Friday

\\n

(Last update 9:51pm EST, April 11, 2021)

\\n

\\n

Walt Disney Friday at a glance – After dipping down to $186.15, Walt Disney regained earlier losses, closing at $187.89 The trading volume was 5.93 million, below the daily average of 7.53 million.

\\n

Important graph levels to look out for: 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 giant started in 2021 by gaining 3.58%. So far this year it is under-performing the Dow by 5.95%.

\\n

\\n
\\n

Israeli study finds South African COVID-19 mutant may beat the Pfizer vaccine https://t.co/VaVYLAAJq9

\\n

— ForexLive (@ForexLive) April 11, 2021

\\n

\\n

\\n\",\"\\n

Coca-Cola will open at $53.18 after gaining 0.11% Friday

\\n

(Last update 9:51pm EST, April 11, 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 10.83 million, below the daily average of 14.37 million.

\\n

The Chart visual study suggests 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 drink company started in 2021 by losing 3.13%. So far this year it is under-performing the Dow by 12.66%.

\\n

\\n
\\n

Israeli study finds South African COVID-19 mutant may beat the Pfizer vaccine https://t.co/VaVYLAAJq9

\\n

— ForexLive (@ForexLive) April 11, 2021

\\n

\\n

\\n\",\"\\n

Pfizer will open at $36.6 after gaining 1.78% Friday

\\n

(Last update 9:51pm EST, April 11, 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. On the other hand, note that a slight indication of a slowdown comes from looking at the Bollinger bands: the upper band is at $36.75 – a high enough level to usually suggest Pfizer is trading above its value.

\\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 by 10.11%.

\\n

\\n
\\n

Israeli study finds South African COVID-19 mutant may beat the Pfizer vaccine https://t.co/VaVYLAAJq9

\\n

— ForexLive (@ForexLive) April 11, 2021

\\n

\\n

\\n\",\"\\n

McDonald's will open at $231.48 after gaining 0.53% Friday

\\n

(Last update 12:41am EST, April 12, 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

McDonald's's graph levels to watch: 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. However, the CCI indicator is above 100. When the CCI (Commodity Channel Index) is at this level, it means the price is above the average price as measured by the indicator, indicating a possible start of a new uptrend.

\\n

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

$GC_F | Gold Imports By India Jump Sevenfold In March To 98.6 Tons

\\n

— LiveSquawk (@LiveSquawk) April 12, 2021

\\n

\\n

\\n\",\"\\n

Bitcoin up slightly to $60,260 after starting the day at $60,038 (up 0.37%)

\\n

(Last update 12:41am EST, April 12, 2021)

\\n

\\n

Bitcoin is recovering back to its previous close at $60,038 after dipping down to $59,674.

\\n

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

\\n

With a market cap of 1.13 trillion, Bitcoin started in 2021 by gaining 51.49%.

\\n

\\n
\\n

$GC_F | Gold Imports By India Jump Sevenfold In March To 98.6 Tons

\\n

— LiveSquawk (@LiveSquawk) April 12, 2021

\\n

\\n

\\n\",\"\\n

Gold down slightly to $1,738.7 after starting the day at $1,744.8 (down 0.35%)

\\n

(Last update 12:41am EST, April 12, 2021)

\\n

\\n

Gold is sliding down from $1,744.8 to $1,738.7, taking a $6.1 loss (0.35%).

\\n

In terms of trend indicators, we can see that at $1,741.74, Gold made an initial breakout below the 5 day Simple Moving Average, an indication of a negative trend. Asset volatility analysis shows that the upper Bollinger band is at $1,759, indicating a further downward move might be next.

\\n

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

\\n

Gold started 2021 by losing 8.59%.

\\n

\\n
\\n

$GC_F | Gold Imports By India Jump Sevenfold In March To 98.6 Tons

\\n

— LiveSquawk (@LiveSquawk) April 12, 2021

\\n

\\n

\\n\",\"\\n

Oil nudges down to $59.32 (down six cents) after starting the day at $59.38

\\n

(Last update 12:41am EST, April 12, 2021)

\\n

\\n

Oil is trading steadily today, ranging between $59.76 and $59.26 and is now at $59.32.

\\n

An analysis of the crude oil chart suggests 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. Asset volatility analysis shows that the lower Bollinger band is at $57.91, indicating a positive move might be next. In contrast, at $59.33, Oil made an initial breakout below the 5 day Simple Moving Average, an indication of a negative trend.

\\n

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

\\n

Crude oil started in 2021 by gaining 18.19%.

\\n

\\n
\\n

$GC_F | Gold Imports By India Jump Sevenfold In March To 98.6 Tons

\\n

— LiveSquawk (@LiveSquawk) April 12, 2021

\\n

\\n

\\n\",\"\\n

Stable day for Euro, trading around 1.1889

\\n

(Last update 12:41am EST, April 12, 2021)

\\n

\\n

A mostly flat day so far for the Euro, ranging between 1.1906 and 1.1886 and is now at 1.1889.

\\n

In terms of trend indicators, we can see that at 1.1873, Euro/Dollar made an initial breakout below the 5 day Simple Moving Average, an indication of a negative trend. Asset volatility analysis shows that the upper Bollinger band is at 1.1957, indicating a downward move might be next. On the other hand, note that the Euro might start to recover soon because it is getting close and is now only 41 pips from the support line at 1.1848, Obviously, dipping below it could be an indication that further losses are ahead.

\\n

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

\\n

The Euro/Dollar started 2021 by losing 2.7%.

\\n

\\n
\\n

$GC_F | Gold Imports By India Jump Sevenfold In March To 98.6 Tons

\\n

— LiveSquawk (@LiveSquawk) April 12, 2021

\\n

\\n

\\n\",\"\\n

Pound/Dollar down to 1.3669, the last time it was this low was 2 months ago.

\\n

(Last update 1:11am EST, April 12, 2021)

\\n

\\n

After starting the day at 1.3711, GBP/USD dropped to 1.3669, hitting its lowest point in 2 months.

\\n

Asset volatility analysis shows that a slight indication of recovery comes from looking at the Bollinger bands: the lower band is at 1.3639 – 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 0.29%.

\\n

\\n
\\n

Confidence among UK finance chiefs hits record high – Deloitte https://t.co/xlidLqYtlm pic.twitter.com/KrVIePn7Dq

\\n

— Reuters Business (@ReutersBiz) April 12, 2021

\\n

\\n

\\n\",\"\\n

Dollar/Yen is down 14 pips (0.13%), trading around 109.57

\\n

(Last update 1:11am EST, April 12, 2021)

\\n

\\n

The Dollar/Yen dropped from 109.71 to 109.57, losing 14 pips (0.13%).

\\n

A Visual analysis of the Yen's price graph shows the Yen's resistance level is at 110.73. In terms of trend indicators, we can see that at 109.6, Yen made an initial breakout below the 21 day Simple Moving Average, an indication of a negative trend. Asset volatility analysis shows that a slight indication of recovery comes from looking at the Bollinger bands: the lower band is at 109.09 – a low enough level to usually suggest the Yen is trading below its value.

\\n

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

\\n

The Dollar/Yen started 2021 by gaining 5.86%.

\\n

\\n
\\n

Confidence among UK finance chiefs hits record high – Deloitte https://t.co/xlidLqYtlm pic.twitter.com/KrVIePn7Dq

\\n

— Reuters Business (@ReutersBiz) April 12, 2021

\\n

\\n

\\n\",\"\\n

Swiss franc up 0.21%, trading around 0.9265

\\n

(Last update 1:11am EST, April 12, 2021)

\\n

\\n

Hesitant but green: from an earlier low of 0.9243, Swiss franc is up to 0.9265, gaining 19 pips compared to the 0.9245 start of the day (0.21%).

\\n

Important graph levels to look out for: Dollar/Swiss could be slowing down soon as it is approaching and is only 92 pips away from resistance at 0.9357, of course, crossing it might suggest further gains are ahead. In terms of trend indicators, we can see that at 0.9258, Dollar/Swiss 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. Asset volatility analysis shows that the lower Bollinger band is at 0.9193, indicating further gains might be next.

\\n

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 4.69%.

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Confidence among UK finance chiefs hits record high – Deloitte https://t.co/xlidLqYtlm pic.twitter.com/KrVIePn7Dq

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— Reuters Business (@ReutersBiz) April 12, 2021

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Aussie/Dollar is down 21 pips (0.28%), trading around 0.76

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(Last update 1:11am EST, April 12, 2021)

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The Aussie/Dollar dropped 21 pips early on and is steady at 0.76 range.

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The Chart visual study suggests the Aussie/Dollar resistance level is at 0.7697. In terms of trend indicators, we can see that medium-term trend indications have 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 0.7662, 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 Aussie/Dollar started 2021 by losing 1%.

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Confidence among UK finance chiefs hits record high – Deloitte https://t.co/xlidLqYtlm pic.twitter.com/KrVIePn7Dq

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— Reuters Business (@ReutersBiz) April 12, 2021

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