![](\\\"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 4:31am EST, April 20, 2021)
\\nDow yesterday at a glance – Dow Jones dropped 122.37 points early on and stayed at the 34,078 range.
\\nChart visual study suggests the Dow's nearest support level is at 33,000, followed by 32,420 at the next level. 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 the upper Bollinger band is at 34,456, 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. 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. The Relative Strength Index indicates the Dow is in overbought condition, keep an eye out for a slowdown of gains.
\\nOverall, looking at the technical analysis landscape – although indicators are mixed and some are pointing in different directions, it seems further drawbacks may be next for Dow
\\nThe Dow Jones started 2021 by gaining 10.15%.
\\n\\n
\\n\\n\\n\\n\",\"\\nA labor group has filed objections to Amazon's conduct during an election of warehouse workers in Alabama, saying it prevented employees from a ‘free and uncoerced exercise of choice’ on whether to create the company's first-ever U.S. union. More here: https://t.co/Wa8U4feFBz pic.twitter.com/8HqaKl9jkO
\\n— Reuters Business (@ReutersBiz) April 20, 2021
(Last update 4:31am EST, April 20, 2021)
\\nThe S&P 500 yesterday at a glance – S&P 500 dropped 22.21 points early on and stayed at the 4,163.26 range.
\\nAn analysis of the S&P 500 chart suggests the nearest support level is at 3,768.47. In terms of trend indicators, we can see that at 4,160.18, S&P made an initial breakout below the 3 day Simple Moving Average, an indication of a negative trend. The MACD line is above the MACD signal line significantly, meaning the medium-term trend might turn negative. On the other hand, note that the Relative Strength Index indicates the S&P 500 is in overbought condition, keep an eye out for a slowdown of gains.
\\nOverall, looking at the technical analysis landscape – although indicators are mixed and some are pointing in different directions, it seems further drawbacks may be next for S&P
\\nThe S&P 500 started 2021 by gaining 9.73%.
\\n\\n
\\n\\n\\n\\n\",\"\\nA labor group has filed objections to Amazon's conduct during an election of warehouse workers in Alabama, saying it prevented employees from a ‘free and uncoerced exercise of choice’ on whether to create the company's first-ever U.S. union. More here: https://t.co/Wa8U4feFBz pic.twitter.com/8HqaKl9jkO
\\n— Reuters Business (@ReutersBiz) April 20, 2021
(Last update 4:31am EST, April 20, 2021)
\\nApple yesterday at a glance – Apple recovered all the way back to $134.16 after dipping down to $133.34. Trading volume was 93.93 million, above the daily average of 90.53 million.
\\nApple's graph levels to watch: Apple's immediate resistance is around $135.76, nearest support level is at $125.57. 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 Apple is in overbought condition, Keep an eye out for a slowdown of gains.
\\nOverall, technical indicators suggest Apple has no obvious direction for the immediate future.
\\nWith a market cap of $2.27 trillion, The mobile and tech colossus has started 2021 by gaining 1.6%. So far this year it is under-performing the Nasdaq by 5.7%.
\\n\\n
\\n\\n\\n\\n\",\"\\nA labor group has filed objections to Amazon's conduct during an election of warehouse workers in Alabama, saying it prevented employees from a ‘free and uncoerced exercise of choice’ on whether to create the company's first-ever U.S. union. More here: https://t.co/Wa8U4feFBz pic.twitter.com/8HqaKl9jkO
\\n— Reuters Business (@ReutersBiz) April 20, 2021
(Last update 4:31am EST, April 20, 2021)
\\nFacebook yesterday at a glance – Mark Zuckerberg's company went dark red after losing 1.29%, tumbling down to $302.24. Trading volume was 13.52 million, below the daily average of 17.68 million.
\\nThe chart pattern study shows Facebook might start to recover soon because it is getting closer and is now only $8.7 from the support line at $293.54, Obviously, dipping below it could be an indication that further losses are ahead. In terms of trend indicators, we can see that at $305.61, Facebook made an initial breakout below the 3 day Simple Moving Average, an indication of a negative trend.
\\nOverall, the technical analysis suggests Facebook is neutral for the immediate future, with no clear-cut direction.
\\nWith a market cap of $858.74 billion, The social media company started in 2021 by gaining 9.5%. So far this year it is outperforming the Nasdaq by 2.2%.
\\n\\n
\\n\\n\\n\\n\",\"\\nA labor group has filed objections to Amazon's conduct during an election of warehouse workers in Alabama, saying it prevented employees from a ‘free and uncoerced exercise of choice’ on whether to create the company's first-ever U.S. union. More here: https://t.co/Wa8U4feFBz pic.twitter.com/8HqaKl9jkO
\\n— Reuters Business (@ReutersBiz) April 20, 2021
(Last update 4:31am EST, April 20, 2021)
\\nAmazon yesterday at a glance – the tech and retail multifaceted giant slid down from $3,399.44 to $3,372, taking a $27.44 loss (0.81%). Trading volume was 2.73 million, below the daily average of 3.12 million.
\\nImportant graph levels to look out for: nearest support level is at $2,952. In terms of trend indicators, we can see that at $3,378.18, Amazon 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 Amazon is in overbought condition.
\\nOverall, the technical analysis suggests Amazon is neutral for the immediate future, with no clear-cut direction.
\\nWith a market cap of $1.70 trillion, Jeff Bezos’s company started in 2021 by gaining 3.39%. So far this year it is under-performing the Nasdaq by 3.91%.
\\n\\n
\\n\\n\\n\\n\",\"\\nA labor group has filed objections to Amazon's conduct during an election of warehouse workers in Alabama, saying it prevented employees from a ‘free and uncoerced exercise of choice’ on whether to create the company's first-ever U.S. union. More here: https://t.co/Wa8U4feFBz pic.twitter.com/8HqaKl9jkO
\\n— Reuters Business (@ReutersBiz) April 20, 2021
(Last update 4:26am EST, April 20, 2021)
\\nMicrosoft yesterday at a glance – the iconic OS developer dropped 0.77% early on and stayed at the $258.74 range. Trading volume was 21.47 million, below the daily average of 23.98 million.
\\nMicrosoft chart analysis: Microsoft's nearest support level is at $236.94, followed by $231.85 at the next level. In terms of trend indicators, we can see that at $258.61, Microsoft made an initial breakout below the 3 day Simple Moving Average, an indication of a negative trend. The MACD line is above the MACD signal line significantly, meaning the medium-term trend might turn negative. Asset volatility analysis shows that the upper Bollinger band is at $263.66, indicating a further downward move might be next. However, the Relative Strength Index indicates Microsoft is in overbought condition, Keep an eye out for a slowdown of gains.
\\nOverall, looking at the technical analysis landscape – although indicators are mixed and some are pointing in different directions, it seems further drawbacks may be next for Microsoft.
\\nwith a market cap of $1.95 trillion, The software giant started in 2021 by gaining 13.93%. So far this year it is outperforming the Nasdaq by 6.63%.
\\n\\n
\\n\\n\\n\\n\",\"\\nTexas police to demand Tesla data from a fatal vehicle crash as CEO @elonmusk denies Autopilot use in tweet https://t.co/PQhFHz6WjY pic.twitter.com/6qXBT9h7LK
\\n— Reuters (@Reuters) April 20, 2021
(Last update 4:26am EST, April 20, 2021)
\\nGoogle yesterday at a glance – Google traded steadily yesterday, ranging between $2,318.45 and $2,288 and closed at $2,303.49. Trading volume was 1.23 million, below the daily average of 1.25 million.
\\nAn analysis of the Google chart suggests Google's nearest support level is at $2,108.54. 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 Google is in overbought condition. However, the upper Bollinger band is at $2,322.56, indicating a downward move might be next.
\\nOverall, looking at the technical analysis landscape, it seems Google might be pointing upward in the short term.
\\nWith a market cap of $1.55 trillion, The leading search engine company started 2021 by gaining 23.96%. So far this year it is outperforming the Nasdaq by 16.66%.
\\n\\n
\\n\\n\\n\\n\",\"\\nTexas police to demand Tesla data from a fatal vehicle crash as CEO @elonmusk denies Autopilot use in tweet https://t.co/PQhFHz6WjY pic.twitter.com/6qXBT9h7LK
\\n— Reuters (@Reuters) April 20, 2021
(Last update 4:26am EST, April 20, 2021)
\\nTesla yesterday at a glance – the trendy electric car company closed at $714.63 after starting the session at $739.78 and dropping early to $691.85, overall Tesla lost 3.4% of its value. Trading volume was 38.62 million, above the daily average of 31.76 million.
\\nImportant graph levels to look out for: nearest support level is at $563. In terms of trend indicators, we can see that at $707.63, Tesla made an initial breakout below the 50 day Simple Moving Average, an indication of a negative trend.
\\nOverall, looking at the technical analysis landscape, it seems Tesla is likely to continue pointing down in the short term.
\\nWith a market cap of $685.94 billion, Elon Musk's electric cars company started in 2021 by gaining 1.21%. So far this year it is under-performing the Nasdaq by 6.09%.
\\n\\n
\\n\\n\\n\\n\",\"\\nTexas police to demand Tesla data from a fatal vehicle crash as CEO @elonmusk denies Autopilot use in tweet https://t.co/PQhFHz6WjY pic.twitter.com/6qXBT9h7LK
\\n— Reuters (@Reuters) April 20, 2021
(Last update 4:26am EST, April 20, 2021)
\\nZoom yesterday at a glance – the video communications platform provider dropped 1.7% early on and stayed at the $324.33 range. Trading volume was 3.04 million, below the daily average of 3.40 million.
\\nIn terms of trend indicators, we can see that at $324.58, Zoom made an initial breakout below the 21 day Simple Moving Average, an indication of a negative trend. Asset volatility analysis shows that the upper Bollinger band is at $340, indicating a further downward move might be next. However, Zoom might start to recover soon because it is getting closer and is now only $15.94 from the support line at $308.39, obviously dipping below it could be an indication that further losses are ahead.
\\nOverall, looking at the technical analysis landscape – although indicators are mixed and some are pointing in different directions, it seems further drawbacks may be next for Zoom.
\\nwith a market cap of $95.26 billion, The video communications platform provider started in 2021 by losing 3.94%. So far this year it is under-performing the Nasdaq by 11.24%.
\\n\\n
\\n\\n\\n\\n\",\"\\nTexas police to demand Tesla data from a fatal vehicle crash as CEO @elonmusk denies Autopilot use in tweet https://t.co/PQhFHz6WjY pic.twitter.com/6qXBT9h7LK
\\n— Reuters (@Reuters) April 20, 2021
(Last update 4:26am EST, April 20, 2021)
\\nNetflix yesterday at a glance – the streaming heavyweight went up to $554.44 and gained $7.9 compared to the $546.54 start of the day (1.45%). Trading volume was 4.29 million, above the daily average of 3.25 million.
\\nThe Chart pattern study shows Netflix's immediate resistance is around $558.74, nearest support level is at $535.09. In terms of trend indicators, we can see that although up today, it's worth noting that earlier Netflix dropped below the 10 day Simple Moving Average as it was trading at $548.44, usually an indication that a negative trend is ahead. Asset volatility analysis shows that the upper Bollinger band is at $559.97, This is a slight indication of a slowdown.
\\nOverall, looking at the technical analysis landscape, it seems Netflix is likely to reverse course and start pointing down in the short term.
\\nWith a market cap of $245.56 billion, The streaming heavyweight started in 2021 by gaining 2.51%. So far this year it is under-performing the Nasdaq by 4.79%.
\\n\\n
\\n\\n\\n\\n\",\"\\nTexas police to demand Tesla data from a fatal vehicle crash as CEO @elonmusk denies Autopilot use in tweet https://t.co/PQhFHz6WjY pic.twitter.com/6qXBT9h7LK
\\n— Reuters (@Reuters) April 20, 2021
(Last update 5:01am EST, April 20, 2021)
\\nWalmart yesterday at a glance – the warehouse store chain company dropped 0.64% early on and stayed at the $139.71 range. Trading volume was 6.43 million, below the daily average of 7.15 million.
\\nThe Chart pattern study shows the nearest support level is at $127.53. In terms of trend indicators, we can see that at $139.81, Walmart 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 $140.51, indicating a further downward move might be next.
\\nOverall, looking at the technical analysis landscape, it seems Walmart is likely to continue pointing down in the short term.
\\nWith a market cap of $393.57 billion, The warehouse store chain company started in 2021 by losing 3.16%. So far this year it is under-performing the Dow by 13.31%.
\\n\\n
\\n\\n\\n\\n\",\"\\nVIDEO CORRECTION: Astra is yellow, Pfizer is green – Hungarian pastry shop offers vaccine-themed treats https://t.co/jYRGsqeNvb We are deleting tweets containing a video that had a spelling error pic.twitter.com/wRMlvGc6G2
\\n— Reuters (@Reuters) April 20, 2021
(Last update 5:01am EST, April 20, 2021)
\\nProcter & Gamble yesterday at a glance – the consumer goods company remained in the $136.61 range after starting the session at $137.25 and dropping 0.47%. Trading volume was 9.03 million, above the daily average of 7.43 million.
\\nProcter & Gamble chart analysis: Procter & Gamble might start to recover soon because it is getting closer and is now only $2.33 from the support line at $134.28, 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 $136.54 Procter & Gamble did peak above the 10 day Simple Moving Average earlier, usually an indication that a positive move is maybe ahead. On the other hand, note that the upper Bollinger band at $137.87, 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 Procter & Gamble might reverse course and start pointing upward in the short term.
\\nWith a market cap of $336.40 billion, The consumer goods company started 2021 by losing 1.84%. So far this year it is under-performing the Dow by 12%.
\\n\\n
\\n\\n\\n\\n\",\"\\nVIDEO CORRECTION: Astra is yellow, Pfizer is green – Hungarian pastry shop offers vaccine-themed treats https://t.co/jYRGsqeNvb We are deleting tweets containing a video that had a spelling error pic.twitter.com/wRMlvGc6G2
\\n— Reuters (@Reuters) April 20, 2021
(Last update 5:01am EST, April 20, 2021)
\\nWalt Disney yesterday at a glance – Walt Disney closed at $187.43 with no clear-cut direction and ranged between $190.33 and $185.65. Trading volume was 7.30 million, below the daily average of 7.47 million.
\\nVisual analysis of the Walt Disney's price graph shows Walt Disney's resistance level is at $201.91. In terms of trend indicators, we can see that at $189.69, 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 $189.38, indicating a downward move might be next.
\\nOverall, technical indicators suggest Walt Disney has no obvious direction for the immediate future.
\\nWith a market cap of $340.23 billion, The entertainment giant started in 2021 by gaining 3.34%. So far this year it is under-performing the Dow by 6.81%.
\\n\\n
\\n\\n\\n\\n\",\"\\nVIDEO CORRECTION: Astra is yellow, Pfizer is green – Hungarian pastry shop offers vaccine-themed treats https://t.co/jYRGsqeNvb We are deleting tweets containing a video that had a spelling error pic.twitter.com/wRMlvGc6G2
\\n— Reuters (@Reuters) April 20, 2021
(Last update 5:01am EST, April 20, 2021)
\\nCoca-Cola yesterday at a glance – hesitant but green, Coca-Cola closed at $54 after ranging between $53.3 and $54.36. Trading volume was 18.26 million, above the daily average of 12.51 million.
\\nThe Chart pattern study shows Coca-Cola immediate resistance is around $54.47, nearest support level is at $52.51. 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 Coca-Cola is in overbought condition. In contrast, a slight indication of a slowdown comes from looking at the Bollinger bands: the upper band is at $54.05 – a high enough level to usually suggest Coca-Cola is trading above its value.
\\nOverall, looking at the technical analysis landscape, it seems Coca-Cola likely to continue pointing upward in the short term.
\\nWith a market cap of $232.70 billion, The soft drinks giant started 2021 by losing 1.56%. So far this year it is under-performing the Dow by 11.71%.
\\n\\n
\\n\\n\\n\\n\",\"\\nVIDEO CORRECTION: Astra is yellow, Pfizer is green – Hungarian pastry shop offers vaccine-themed treats https://t.co/jYRGsqeNvb We are deleting tweets containing a video that had a spelling error pic.twitter.com/wRMlvGc6G2
\\n— Reuters (@Reuters) April 20, 2021
(Last update 5:01am EST, April 20, 2021)
\\nPfizer yesterday at a glance – after starting the day at $38.57 the pharmaceuticals and biotechnology company went up to $38.96 only to drop back to the half way point range and is now trading at $38.93. Trading volume was 29.56 million, above the daily average of 28.56 million.
\\nThe Chart visual study suggests Pfizer's immediate resistance is around $39.15, nearest support level is at $36.62. 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. In contrast, a slight indication of a slowdown comes from looking at the Bollinger bands: the upper band is at $39.43 – 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 $217.16 billion, The pharmaceuticals and biotechnology company started in 2021 by gaining 5.5%. So far this year it is under-performing the Dow Jones by 4.65%.
\\n\\n
\\n\\n\\n\\n\",\"\\nVIDEO CORRECTION: Astra is yellow, Pfizer is green – Hungarian pastry shop offers vaccine-themed treats https://t.co/jYRGsqeNvb We are deleting tweets containing a video that had a spelling error pic.twitter.com/wRMlvGc6G2
\\n— Reuters (@Reuters) April 20, 2021
(Last update 3:01am EST, April 20, 2021)
\\nMcDonald's yesterday at a glance – the fast food company remained in the $231.81 range after starting the session at $233.08 and dropping 0.54%. Trading volume was 2.25 million, below the daily average of 3.09 million.
\\nMcDonald's's graph levels to watch: McDonald's nearest support level is at $204.84. In terms of trend indicators, we can see that although down today, it's worth noting that at $231.21 McDonald's 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 $235.04, indicating a further downward move might be next.
\\nOverall, technical indicators suggest McDonald's has no obvious direction for the immediate future.
\\nWith a market cap of $173.90 billion, The fast food company started in 2021 by gaining 7.39%. So far this year it is under-performing the Dow Jones by 2.76%.
\\n\\n
\\n\\n\\n\\n\",\"\\nAn Indian oil refiner has cut oil processing rates and will likely have to make an unplanned shutdown at one of its crude units as a deadly second Covid-19 wave pummels fuel demand https://t.co/3haeFZ4fjh
\\n— Bloomberg (@business) April 20, 2021
(Last update 3:01am EST, April 20, 2021)
\\nCurrently light red but with no clear-cut direction, Bitcoin is trading at $53,634 after ranging today between $55,457 and $53,634.
\\nA visual analysis of the Bitcoin's price graph shows the nearest support level is at $51,700, while the closest resistance is at $63,500. 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 Bitcoin has just crossed the lower Bollinger band at $54,280, indicating further loses might be next
\\nOverall, looking at the technical analysis landscape, it seems Bitcoin is likely to continue pointing down in the short term.
\\nWith a market cap of 1.00 trillion, Bitcoin started in 2021 by gaining 47.87%.
\\n\\n
\\n\\n\\n\\n\",\"\\nAn Indian oil refiner has cut oil processing rates and will likely have to make an unplanned shutdown at one of its crude units as a deadly second Covid-19 wave pummels fuel demand https://t.co/3haeFZ4fjh
\\n— Bloomberg (@business) April 20, 2021
(Last update 3:01am EST, April 20, 2021)
\\nGold is trading steadily today, ranging between $1,775.5 and $1,765.6 and is now at $1,769.
\\nAn analysis of the Gold chart suggests Gold might start to recover soon because it is getting closer and is now only $27.5 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 $1,778, indicating a downward move might be next.
\\nOverall, looking at the technical analysis landscape, it seems Gold might be pointing upward in the short term.
\\nGold started 2021 by losing 6.44%.
\\n\\n
\\n\\n\\n\\n\",\"\\nAn Indian oil refiner has cut oil processing rates and will likely have to make an unplanned shutdown at one of its crude units as a deadly second Covid-19 wave pummels fuel demand https://t.co/3haeFZ4fjh
\\n— Bloomberg (@business) April 20, 2021
(Last update 3:01am EST, April 20, 2021)
\\nHesitant but green: from an earlier low of $63.32, crude oil is up to $63.95 gaining 48 cents compared to the $63.47 start of the day (0.76%).
\\nThe Chart visual study suggests the nearest resistance level is at $67.48. 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 $64.14 – a high enough level to usually suggest crude oil is trading above its value.
\\nOverall, technical indicators suggest crude oil has no obvious direction for the immediate future.
\\nOil started 2021 by gaining 23.57%.
\\n\\n
\\n\\n\\n\\n\",\"\\nAn Indian oil refiner has cut oil processing rates and will likely have to make an unplanned shutdown at one of its crude units as a deadly second Covid-19 wave pummels fuel demand https://t.co/3haeFZ4fjh
\\n— Bloomberg (@business) April 20, 2021
(Last update 3:01am EST, April 20, 2021)
\\nStarting the session at 1.2038, Euro/Dollar rallied above 1.2074 for the first time in 6 weeks, gaining 34 pips, and is now trading at 1.2073.
\\nImportant graph levels to look out for: Euro's nearest support level is at 1.1718. 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 1.2088 – a high enough level to usually suggest the Euro/Dollar is trading above its value.
\\nOverall, the technical analysis suggests the Euro/Dollar is neutral for the immediate future, with no clear-cut direction.
\\nThe Euro started 2021 by losing 2.09%.
\\n\\n
\\n\\n\\n\\n\",\"\\nAn Indian oil refiner has cut oil processing rates and will likely have to make an unplanned shutdown at one of its crude units as a deadly second Covid-19 wave pummels fuel demand https://t.co/3haeFZ4fjh
\\n— Bloomberg (@business) April 20, 2021
(Last update 5:11am EST, April 20, 2021)
\\nAfter opening at 1.3987, GBP/USD reached 1.4009, breaking a 7 week record. Later, it lost 20 pips and is now trading at 1.3989.
\\nA study of The Pound's graph shows key levels to watch: The Pound's nearest support level is at 1.3689. 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 Pound/Dollar is in strong overbought condition. Asset volatility analysis shows that the upper Bollinger band is at 1.3975, indicating a downward move might be next. Japanese Candlesticks formations detected today are the "Hanging Man”, When it appears on top of a bullish overall trend, some traders would consider this as an indication of a reversal, of course.
\\nOverall, technical indicators suggest the Pound/Dollar has no obvious direction for the immediate future.
\\nThe Pound/Dollar started in 2021 by gaining 1.15%.
\\n\\n
\\n\\n\\n\\n\",\"\\nBOJ warns of risks to Japan banks from Archegos-type overseas funds https://t.co/vdAcF0pr4h pic.twitter.com/S5ZfDVrVYl
\\n— Reuters (@Reuters) April 20, 2021
(Last update 5:11am EST, April 20, 2021)
\\nAfter starting the day at 108.15 yen dropped to 107.97, hitting its lowest point in 6 weeks, it later recovered 48 pips and is now trading at 108.46
\\nDollar/Yen's graph levels to watch: nearest 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 108.1, indicating further gains might be next.
\\nOverall, the technical analysis suggests the Yen is neutral for the immediate future, with no clear-cut direction.
\\nThe Dollar/Yen started in 2021 by gaining 5.18%.
\\n\\n
\\n\\n\\n\\n\",\"\\nBOJ warns of risks to Japan banks from Archegos-type overseas funds https://t.co/vdAcF0pr4h pic.twitter.com/S5ZfDVrVYl
\\n— Reuters (@Reuters) April 20, 2021
(Last update 5:11am EST, April 20, 2021)
\\nThe Swiss franc is trading steadily today, ranging between 0.9158 and 0.9134 and is now at 0.9147.
\\nSwiss franc's graph levels to watch: Dollar/Swiss resistance level is at 0.9475. In terms of trend indicators, we can see that at 0.9221, Dollar/Swiss made an initial breakout above the 5 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 0.9133, indicating a positive move might be next.
\\nOverall, technical indicators suggest the Dollar/Swiss has no obvious direction for the immediate future.
\\nThe Swiss franc started in 2021 by gaining 3.91%.
\\n\\n
\\n\\n\\n\\n\",\"\\nBOJ warns of risks to Japan banks from Archegos-type overseas funds https://t.co/vdAcF0pr4h pic.twitter.com/S5ZfDVrVYl
\\n— Reuters (@Reuters) April 20, 2021
(Last update 5:11am EST, April 20, 2021)
\\nAfter starting the day at 0.7766, Australian dollar rallied to 0.7816, hitting its highest point in 6 weeks, It later lost 22 pips and is now trading at 0.7793
\\nIn 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 Australian dollar is in strong 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 0.7815 – a high enough level to usually suggest the Aussie/Dollar is trading above its value.
\\nOverall, looking at the technical analysis landscape, it seems the Australian dollar is likely to continue pointing upward in the short term.
\\nThe Australian dollar started in 2021 by gaining 0.35%.
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\\n\\n\\n\\n\\n\"],\"title\":\"Financial Markets Review – 20 April 2021 – 05:11:42\",\"date\":\"2021-04-20T09:11:42\"}"; var omg_ads = JSON.parse(decodeHtml(omg_ads_string)); } catch (e) { var omg_ads = JSON.parse(omg_ads_string); }BOJ warns of risks to Japan banks from Archegos-type overseas funds https://t.co/vdAcF0pr4h pic.twitter.com/S5ZfDVrVYl
\\n— Reuters (@Reuters) April 20, 2021
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