![](\\\"https://images.unsplash.com/photo-1534469589579-86bd01bc003a?ixlib=rb-1.2.1&q=80&fm=jpg&crop=entropy&cs=tinysrgb&w=1080&fit=max&ixid=eyJhcHBfaWQiOjE1NDYwM30\\\")
(Last update 1:51am EST, April 14, 2021)
\\nDow Jones yesterday at a glance – Dow Jones dropped 68.13 points early on and stayed at 33,677 range.
\\nThe Chart pattern study shows although the Dow is down today and was as low as 33,546, it seems to be recovering slightly and climbing away from the 33,000 support line and is now 661.9 points above it. In terms of trend indicators, we can see that at 33,600, Dow made an initial breakout below the 5 day Simple Moving Average, an indication of a negative trend. Momentum evaluation shows The Relative Strength Index indicates the Dow is in overbought condition. Asset volatility analysis shows that the upper Bollinger band is at 34,000, indicating a further downward move might be next.
\\nOverall, the technical analysis suggests Dow Jones is neutral for the immediate future, with no clear-cut direction.
\\nThe Dow started 2021 by gaining 9.1%.
\\n\\n
\\n\\n\\n\\n\",\"\\nAmazon stock may be 70% undervalued and the company worth $3 trillion: analyst https://t.co/cQ0uLgCNes by @BrianSozzi pic.twitter.com/K0vGBZRTcd
\\n— Yahoo Finance (@YahooFinance) April 14, 2021
(Last update 1:51am EST, April 14, 2021)
\\nThe S&P 500 yesterday at a glance – with a daily low of 4,124.43, S&P closed at 4,141.59 after starting the day at 4,128 and gaining 13.59 points (0.33%).
\\nThe Chart pattern study shows S&P 500 immediate resistance is around 4,151.58, nearest support level is at 3,811. 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 the S&P 500 is in strong overbought condition. Asset volatility analysis shows that the upper Bollinger band is at 4,184, This is a slight indication of a slowdown.
\\nOverall, technical indicators suggest the S&P 500 has no obvious direction for the immediate future.
\\nThe S&P 500 started 2021 by gaining 9.34%.
\\n\\n
\\n\\n\\n\\n\",\"\\nAmazon stock may be 70% undervalued and the company worth $3 trillion: analyst https://t.co/cQ0uLgCNes by @BrianSozzi pic.twitter.com/K0vGBZRTcd
\\n— Yahoo Finance (@YahooFinance) April 14, 2021
(Last update 1:51am EST, April 14, 2021)
\\nApple yesterday at a glance – after starting yesterday at $131.24 Apple went up to $134.66 only to drop back to the half way point range, closing at $134.43. Trading volume was 87.96 million, below the daily average of 97.87 million.
\\nVisual analysis of the Apple's price graph shows Apple's immediate resistance is around $135.41, 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 $135.54 – a high enough level to usually suggest Apple is trading above its value.
\\nOverall, technical indicators suggest Apple has no obvious direction for the immediate future.
\\nWith a market cap of $2.20 trillion, The mobile and tech colossus started in 2021 by gaining 1.33%. So far this year it is under-performing the Nasdaq by 6.67%.
\\n\\n
\\n\\n\\n\\n\",\"\\nAmazon stock may be 70% undervalued and the company worth $3 trillion: analyst https://t.co/cQ0uLgCNes by @BrianSozzi pic.twitter.com/K0vGBZRTcd
\\n— Yahoo Finance (@YahooFinance) April 14, 2021
(Last update 1:51am EST, April 14, 2021)
\\nFacebook yesterday at a glance – light red but with no clear-cut direction, the social media company closed the session at $309.76 after ranging between $314.42 and $309.32. Trading volume was 12.42 million, below the daily average of 19.81 million.
\\nImportant graph levels to look out for: Facebook's nearest support level is at $293.54, followed by $278.74 at the next level. In terms of trend indicators, we can see that at $311.27, Facebook made an initial breakout below the 5 day Simple Moving Average, an indication of a negative trend. Japanese Candlesticks formations detected today are the "bearish engulfing”, when it appears on top of a bullish overall trend, as it is now, some traders would consider this as an indication of a reversal, of course.
\\nOverall, looking at the technical analysis landscape, it seems Facebook is likely to continue pointing down in the short term.
\\nWith a market cap of $880.11 billion, Mark Zuckerberg's company started in 2021 by gaining 11.75%. So far this year it is outperforming the Nasdaq by 3.75%.
\\n\\n
\\n\\n\\n\\n\",\"\\nAmazon stock may be 70% undervalued and the company worth $3 trillion: analyst https://t.co/cQ0uLgCNes by @BrianSozzi pic.twitter.com/K0vGBZRTcd
\\n— Yahoo Finance (@YahooFinance) April 14, 2021
(Last update 1:52am EST, April 14, 2021)
\\nAmazon yesterday at a glance – the tech and retail multifaceted giant went up to $3,400 and gained $20.61 compared to the $3,379.39 start of the day (0.61%). Trading volume was 3.32 million, above the daily average of 3.25 million.
\\nAmazon chart analysis: Amazon immediate resistance is around $3,422.79, 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 strong overbought condition. In contrast, a slight indication of a slowdown comes from looking at the Bollinger bands: the upper band is at $3,448.38 – a high enough level to usually suggest Amazon is trading above its value.
\\nOverall, looking at the technical analysis landscape, it seems Amazon is likely to continue pointing upward in the short term.
\\nWith a market cap of $1.71 trillion, The tech and retail multifaceted giant has started 2021 by gaining 4.23%. So far this year it is under-performing the Nasdaq by 3.77%.
\\n\\n
\\n\\n\\n\\n\",\"\\nAmazon stock may be 70% undervalued and the company worth $3 trillion: analyst https://t.co/cQ0uLgCNes by @BrianSozzi pic.twitter.com/K0vGBZRTcd
\\n— Yahoo Finance (@YahooFinance) April 14, 2021
(Last update 1:26am EST, April 14, 2021)
\\nAfter opening at $255.91, Microsoft reached a record high of $259.18. Later, it lost 68 cents and closed at $258.49.
\\nMicrosoft chart analysis: Microsoft immediate resistance is around $259.5, 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. Momentum evaluation shows The Relative Strength Index indicates Microsoft is in strong overbought condition.
\\nOverall, technical indicators suggest Microsoft has no obvious direction for the immediate future.
\\nWith a market cap of $1.95 trillion, The software giant started in 2021 by gaining 14.09%. So far this year it is outperforming the Nasdaq by 6.09%.
\\n\\n
\\n\\n\\n\\n\",\"\\nThe search “When is the housing market going to crash?” spiked 2,450% in the past month, Google reported last week. https://t.co/D3iYyJa80M
\\n— CNBC (@CNBC) April 13, 2021
(Last update 1:26am EST, April 14, 2021)
\\nGoogle yesterday at a glance – Google recovered back all the way to $2,267.27 after it traded lower at $2,256. Trading volume was 1.17 million, below the daily average of 1.40 million.
\\nA Visual analysis of Google's price graph shows Google's immediate resistance is around $2,277.58, nearest support level is at $2,108.54. In terms of trend indicators, we can see that at $2,268.7, Google made an initial breakout above the 3 day Simple Moving Average, an indication of a positive trend. Momentum evaluation shows The Relative Strength Index indicates Google is in strong overbought condition.
\\nOverall, looking at the technical analysis landscape, it seems Google might continue pointing upwards in the short term.
\\nWith a market cap of $1.52 trillion, The search engine giant started in 2021 by gaining 22.86%. So far this year it is outperforming the Nasdaq by 14.86%.
\\n\\n
\\n\\n\\n\\n\",\"\\nThe search “When is the housing market going to crash?” spiked 2,450% in the past month, Google reported last week. https://t.co/D3iYyJa80M
\\n— CNBC (@CNBC) April 13, 2021
(Last update 1:26am EST, April 14, 2021)
\\nStarting the session at $702, Elon Musk's electric car company rallied above $763 for the first time in 7 weeks, gaining $60.32, and closed at $762.32.
\\nA study of Tesla's chart pattern shows Tesla's immediate resistance is around $780, nearest support level is at $563. 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 Tesla is in strong overbought condition. However, the upper Bollinger band is at $766.31, This is a slight indication of a slowdown.
\\nOverall, looking at the technical analysis landscape, it seems Tesla is likely to continue pointing upward in the short term.
\\nWith a market cap of $673.80 billion, Elon Musk's electric cars company started in 2021 by gaining 8.07%. So far this year it is outperforming the Nasdaq by 0.07%.
\\n\\n
\\n\\n\\n\\n\",\"\\nThe search “When is the housing market going to crash?” spiked 2,450% in the past month, Google reported last week. https://t.co/D3iYyJa80M
\\n— CNBC (@CNBC) April 13, 2021
(Last update 1:26am EST, April 14, 2021)
\\nZoom yesterday at a glance – after starting yesterday at $321.51 Zoom went up to $343.71 only to drop back to the half way point range, closing at $342.75. Trading volume was 5.23 million, above the daily average of 3.37 million.
\\nAn analysis of the Zoom chart suggests Zoom could be slowing down soon as it is approaching and is only $22 away from resistance at $364.73, of course, crossing it might suggest further gains 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. Momentum evaluation shows The Relative Strength Index indicates Zoom 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 $344.4 – a high enough level to usually suggest Zoom is trading above its value.
\\nOverall, the technical analysis suggests Zoom is neutral for the immediate future, with no clear-cut direction.
\\nWith a market cap of $100.67 billion, The video communications platform provider started in 2021 by gaining 1.69%. So far this year it is under-performing the Nasdaq by 6.31%.
\\n\\n
\\n\\n\\n\\n\",\"\\nThe search “When is the housing market going to crash?” spiked 2,450% in the past month, Google reported last week. https://t.co/D3iYyJa80M
\\n— CNBC (@CNBC) April 13, 2021
(Last update 1:26am EST, April 14, 2021)
\\nNetflix yesterday at a glance – after dropping down to $550.37, the streaming heavyweight recovered some losses and is currently trading at $553.73. Trading volume was 2.65 million, below the daily average of 3.17 million.
\\nAn analysis of the Netflix chart suggests Netflix's nearest support level is at $493.33. In terms of trend indicators, we can see that at $550.84, Netflix 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 $570.17, indicating a downward move might be next. However, the Relative Strength Index indicates Netflix is in strong overbought condition.
\\nOverall, looking at the technical analysis landscape, it seems Netflix might be pointing down in the short term.
\\nWith a market cap of $245.24 billion, The streaming heavyweight started in 2021 by gaining 2.35%. So far this year it is under-performing the Nasdaq by 5.65%.
\\n\\n
\\n\\n\\n\\n\",\"\\nThe search “When is the housing market going to crash?” spiked 2,450% in the past month, Google reported last week. https://t.co/D3iYyJa80M
\\n— CNBC (@CNBC) April 13, 2021
(Last update 7:41pm EST, April 13, 2021)
\\nWalmart today at a glance – the warehouse store chain company slid down from $139.8 to $139.37, taking a 43 cents loss (0.31%). Trading volume was 5.49 million, below the daily average of 8.13 million.
\\nA study of Walmart's graph shows key levels to watch: nearest support level is at $127.53. Momentum evaluation shows The Relative Strength Index indicates Walmart is in overbought condition.
\\nOverall, looking at the technical analysis landscape, it seems Walmart might start pointing upward in the short term.
\\nWith a market cap of $392.62 billion, The warehouse store chain company started in 2021 by losing 3.42%. So far this year it is under-performing the Dow by 12.52%.
\\n\\n
\\n\\n\\n\\n\",\"\\nPfizer says it can deliver 10% more doses in May than previously promised https://t.co/8crXdYxM3j pic.twitter.com/iVdbnWXZrM
\\n— Forbes (@Forbes) April 13, 2021
(Last update 7:41pm EST, April 13, 2021)
\\nProcter & Gamble today at a glance – the consumer goods corporation went dark red after losing 1.32%, tumbling down to $135.11. Trading volume was 7.17 million, below the daily average of 7.88 million.
\\nProcter & Gamble chart analysis: nearest support level is at $122.15. 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 a slight indication of recovery comes from looking at the Bollinger bands: the lower band is at $134.18 – a low enough level to usually suggest Procter & Gamble is trading below its value.
\\nOverall, the technical analysis suggests Procter & Gamble is neutral for the immediate future, with no clear-cut direction.
\\nWith a market cap of $332.71 billion, The consumer goods corporation started 2021 by losing 2.94%. So far this year it is under-performing the Dow Jones by 12.04%.
\\n\\n
\\n\\n\\n\\n\",\"\\nPfizer says it can deliver 10% more doses in May than previously promised https://t.co/8crXdYxM3j pic.twitter.com/iVdbnWXZrM
\\n— Forbes (@Forbes) April 13, 2021
(Last update 7:42pm EST, April 13, 2021)
\\nWalt Disney today at a glance – the entertainment giant dropped 0.54% early on and stayed in the $185.49 range. Trading volume was 5.75 million, below the daily average of 7.00 million.
\\nThe Chart pattern study shows Walt Disney's immediate support is around $184.59, resistance level is at $188.03. Asset volatility analysis shows that a slight indication of recovery comes from looking at the Bollinger bands: the lower band is at $183.86 – a low enough level to usually suggest Walt Disney is trading below its value.
\\nOverall, looking at the technical analysis landscape, it seems Walt Disney might start pointing upward in the short term.
\\nWith a market cap of $336.71 billion, The entertainment giant started in 2021 by gaining 2.31%. So far this year it is under-performing the Dow Jones by 6.79%.
\\n\\n
\\n\\n\\n\\n\",\"\\nPfizer says it can deliver 10% more doses in May than previously promised https://t.co/8crXdYxM3j pic.twitter.com/iVdbnWXZrM
\\n— Forbes (@Forbes) April 13, 2021
(Last update 7:42pm EST, April 13, 2021)
\\nCoca-Cola today at a glance – the soft drink company remained in the $53.09 range after starting the session at $53.35 and dropping 0.49%. Trading volume was 10.78 million, below the daily average of 12.84 million.
\\nImportant graph levels to look out for: nearest support level is at $51.64, while the closest resistance is at $53.85. In terms of trend indicators, we can see that although down today, it's worth noting that at $53.11 Coca-Cola did peak above the 10 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 $53.53, indicating a further downward move might be next.
\\nOverall, the technical analysis suggests Coca-Cola is neutral for the immediate future, with no clear-cut direction.
\\nWith a market cap of $228.78 billion, The soft drink company started in 2021 by losing 3.28%. So far this year it is under-performing the Dow by 12.38%.
\\n\\n
\\n\\n\\n\\n\",\"\\nPfizer says it can deliver 10% more doses in May than previously promised https://t.co/8crXdYxM3j pic.twitter.com/iVdbnWXZrM
\\n— Forbes (@Forbes) April 13, 2021
(Last update 7:42pm EST, April 13, 2021)
\\nPfizer today at a glance – hesitant but green, Pfizer closed at $37.16 after ranging between $36.89 and $37.65. Trading volume was 30.28 million, above the daily average of 25.18 million.
\\nVisual analysis of the Pfizer's price graph shows Pfizer's immediate resistance is around $37.58, nearest support level is at $33.49. 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 Pfizer is in strong overbought condition. However, a slight indication of a slowdown comes from looking at the Bollinger bands: the upper band is at $37.33 – a high enough level to usually suggest Pfizer is trading above its value.
\\nOverall, looking at the technical analysis landscape, it seems Pfizer is likely to continue pointing upward in the short term.
\\nWith a market cap of $207.28 billion, The pharmaceuticals and biotechnology company started in 2021 by gaining 0.95%. So far this year it is under-performing the Dow by 8.15%.
\\n\\n
\\n\\n\\n\\n\",\"\\nPfizer says it can deliver 10% more doses in May than previously promised https://t.co/8crXdYxM3j pic.twitter.com/iVdbnWXZrM
\\n— Forbes (@Forbes) April 13, 2021
(Last update 12:21am EST, April 14, 2021)
\\nMcDonald's yesterday at a glance – McDonald's recovered back to $231.32 after dipping down to $229.69 in a session that started at $230.96. Trading volume was 1.95 million, below the daily average of 3.39 million.
\\nA Visual analysis of McDonald's's price graph shows McDonald'ss nearest support level is at $204.84. In terms of trend indicators, we can see that at $231.44, McDonald's 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 $234, indicating a downward move might be next.
\\nOverall, the technical analysis suggests McDonald's is neutral for the immediate future, with no clear-cut direction.
\\nWith a market cap of $172.59 billion, The fast food giant started in 2021 by gaining 7.25%. So far this year it is under-performing the Dow by 1.85%.
\\n\\n
\\n\\n\\n\\n\",\"\\nChevron is the first major U.S. oil company to invest in an offshore wind project https://t.co/wWaN5wFiw5 pic.twitter.com/JERYzeUs3h
\\n— Forbes (@Forbes) April 14, 2021
(Last update 12:21am EST, April 14, 2021)
\\nAfter opening at $63,551, Bitcoin reached a record high of $63,800. Later, it lost $67.09 and is now trading at $63,733.
\\nAs the day gets underway, a chart visual study suggests Bitcoin's nearest support level is at $51,700. In terms of trend indicators, we can see that the CCI indicator is above 100. When the CCI (Commodity Channel Index) is at this level, it means the price is above the average price as measured by the indicator, indicating a possible start of a new uptrend. Asset volatility analysis shows that Bitcoin has just crossed the upper Bollinger band at $62,357, indicating further gains might be next.
\\nOverall, looking at the technical analysis landscape, it seems Bitcoin might continue pointing upwards in the short term.
\\nWith a market cap of 1.19 trillion, Bitcoin started in 2021 by gaining 49%.
\\n\\n
\\n\\n\\n\\n\",\"\\nChevron is the first major U.S. oil company to invest in an offshore wind project https://t.co/wWaN5wFiw5 pic.twitter.com/JERYzeUs3h
\\n— Forbes (@Forbes) April 14, 2021
(Last update 12:21am EST, April 14, 2021)
\\nGold dropped from $1,747.6 to $1,743.8, losing $3.8 (0.22%).
\\nVisual analysis of Gold's price graph shows Gold might start to recover soon because it is getting close and is now only $2.4 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. Japanese Candlesticks formations detected today are the "bullish engulfing”, when it appears on top of a bearish overall trend, as it is now, some traders would consider this as an indication of a reversal, of course. However, the upper Bollinger band at $1,760.3, indicating a further downward move might be next.
\\nOverall, looking at the technical analysis landscape – although indicators are mixed and some are pointing in different directions, it seems Gold might reverse course and start pointing upward in the short term.
\\n\\n
\\n
\\n\\n\\n\\n\",\"\\nChevron is the first major U.S. oil company to invest in an offshore wind project https://t.co/wWaN5wFiw5 pic.twitter.com/JERYzeUs3h
\\n— Forbes (@Forbes) April 14, 2021
(Last update 12:21am EST, April 14, 2021)
\\nA mostly flat day so far for crude oil ranging between $60.67 and $60.37 and is now at $60.58.
\\nA study on Oil's chart pattern shows crude oil might start to recover soon because it is getting closer and is now only 83 cents from the support line at $59.75, Obviously, dipping below it could be an indication that further losses are ahead. Asset volatility analysis shows that the upper Bollinger band is at $62.2, indicating a downward move might be next.
\\nOverall, the technical analysis suggests oil is neutral for the immediate future, with no clear-cut direction.
\\nCrude oil started 2021 by gaining 19.73%.
\\n\\n
\\n\\n\\n\\n\",\"\\nChevron is the first major U.S. oil company to invest in an offshore wind project https://t.co/wWaN5wFiw5 pic.twitter.com/JERYzeUs3h
\\n— Forbes (@Forbes) April 14, 2021
(Last update 12:21am EST, April 14, 2021)
\\nThe Euro/Dollar is on a bit of a roller-coaster today: spiking to 1.1963 only to drop back to 1.1948, now rallying again to 1.1962
\\nAs the day gets underway, a chart visual study suggests the Euro is eyeing resistance at 1.1984 and is now only 22 pips away, whilst this indicates a slow down or reverse of direction around 1.1984, crossing it might suggest a prolonged positive move. Asset volatility analysis shows that the upper Bollinger band is at 1.1981, This is a slight indication of a slowdown. On the other hand, note 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.
\\nOverall, looking at the technical analysis landscape, it seems a reverse of course in the short term might be next for the Euro.
\\nThe Euro started 2021 by losing 2.58%.
\\n\\n
\\n\\n\\n\\n\",\"\\nChevron is the first major U.S. oil company to invest in an offshore wind project https://t.co/wWaN5wFiw5 pic.twitter.com/JERYzeUs3h
\\n— Forbes (@Forbes) April 14, 2021
(Last update 1:11am EST, April 14, 2021)
\\nHesitant but green: from an earlier low of 1.3748, GBP/USD is up to 1.3777, gaining 27 pips compared to 1.375 at the start of the day (0.2%).
\\nThe Chart pattern study shows the British Pound is eyeing resistance at 1.3822 and is now only 45 pips away, whilst this indicates a slow down or reverse of direction around 1.3822, crossing it might suggest a prolonged positive move. Asset volatility analysis shows that a slight indication of a slowdown comes from looking at the Bollinger bands: the upper band is at 1.3893 – a high enough level to usually suggest the pound/dollar is trading above its value. However, at 1.3775, the British Pound made an initial breakout above the 21 day Simple Moving Average, an indication of a positive trend.
\\nOverall, looking at the technical analysis landscape, it seems a reverse of course in the short term might be next for The Pound.
\\nThe British Pound started in 2021 by gaining 0.56%.
\\n\\n
\\n\\n\\n\\n\",\"\\nUSD/JPY may drop back towards 106-107 as Japanese exporters maintain dollar selling – Daiwa https://t.co/1FbNHXXaBI
\\n— ForexLive (@ForexLive) April 14, 2021
(Last update 1:11am EST, April 14, 2021)
\\nAfter starting at 109.07, dollar/yen dropped 9 pips and traded below the 109 level for the first time in 2 weeks.
\\nThe Chart visual study suggests the Yen's 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. Momentum evaluation shows The Relative Strength Index indicates the Yen is in oversold condition, allowing more gains. In contrast, The lower Bollinger band is at 108.69, indicating a positive move might be next.
\\nOverall, looking at the technical analysis landscape, it seems the Yen might be pointing down in the short term.
\\nThe Yen started in 2021 by gaining 5.64%.
\\n\\n
\\n\\n\\n\\n\",\"\\nUSD/JPY may drop back towards 106-107 as Japanese exporters maintain dollar selling – Daiwa https://t.co/1FbNHXXaBI
\\n— ForexLive (@ForexLive) April 14, 2021
(Last update 1:11am EST, April 14, 2021)
\\nThe Dollar/Swiss dropped from 0.9208 to 0.92, losing 7 pips (0.09%).
\\nThe Chart pattern study shows the Dollar/Swiss resistance level is at 0.9475. In terms of trend indicators, we can see that the CCI indicator is below -100. When the CCI (Commodity Channel Index) is at this level, it means the price is below the average price as measured by the indicator, indicating a possible start of a new downtrend. Momentum evaluation shows The Relative Strength Index indicates the Swiss franc is in oversold condition, allowing more gains. In contrast, the lower Bollinger band is at 0.9133, indicating a positive move might be next.
\\nOverall, looking at the technical analysis landscape, it seems the Swiss franc might be pointing down in the short term.
\\nThe Swiss franc started in 2021 by gaining 4.11%.
\\n\\n
\\n\\n\\n\\n\",\"\\nUSD/JPY may drop back towards 106-107 as Japanese exporters maintain dollar selling – Daiwa https://t.co/1FbNHXXaBI
\\n— ForexLive (@ForexLive) April 14, 2021
(Last update 1:11am EST, April 14, 2021)
\\nAfter starting the day at 0.7643, the Australian dollar went up to 0.7669 only to drop back, yet is still positive overall today, trading now at 0.7668.
\\nA study on Aussie/Dollar's chart pattern shows the nearest resistance level is at 0.7822. In terms of trend indicators, we can see that the CCI indicator is above 100. When the CCI (Commodity Channel Index) is at this level, it means the price is above the average price as measured by the indicator, indicating a possible start of a new uptrend. Asset volatility analysis shows that a slight indication of a slowdown comes from looking at the Bollinger bands: the upper band is at 0.7672 – a high enough level to usually suggest the Aussie/Dollar is trading above its value.
\\nOverall, the technical analysis suggests the Australian dollar is neutral for the immediate future, with no clear-cut direction.
\\nThe Aussie/Dollar started 2021 by losing 0.96%.
\\n\\n
\\n\\n\\n\\n\\n\"],\"title\":\"Financial Markets Review – 14 April 2021 – 02:12:50\",\"date\":\"2021-04-14T06:12:50\"}"; var omg_ads = JSON.parse(decodeHtml(omg_ads_string)); } catch (e) { var omg_ads = JSON.parse(omg_ads_string); }USD/JPY may drop back towards 106-107 as Japanese exporters maintain dollar selling – Daiwa https://t.co/1FbNHXXaBI
\\n— ForexLive (@ForexLive) April 14, 2021
![](\\\"https://images.unsplash.com/photo-1599566530569-68774cad9cfc?ixlib=rb-1.2.1&q=80&fm=jpg&crop=entropy&cs=tinysrgb&w=1080&fit=max&ixid=eyJhcHBfaWQiOjE1NDYwM30\\\")
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