![](\\\"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\\\")
(Last update 9:11am EST, May 1, 2021)
\\nS&P yesterday at a glance – S&P 500 went dark red after losing 30.3 points, tumbling down to 4,181.17.
\\nThe Chart visual study suggests the S&P 500's nearest support level is at 3,974, followed by 3,889 at the next level. In terms of trend indicators, we can see that although down today, it's worth noting that at 4,189.83 S&P 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 the upper Bollinger band is at 4,227.72, indicating a further downward move might be next.
\\nOverall, technical indicators suggest the S&P 500 has no obvious direction for the immediate future.
\\nThe S&P started 2021 by gaining 10.09%.
\\n\\n
\\n\\n\\n\\n\",\"\\nMrs. Dow Jones reacts to a 35-year-old real estate appraiser who works 75-hour weeks and earns $280,000 a year. (via @CNBCMakeIt) https://t.co/KJzGbhvRx2
\\n— CNBC (@CNBC) May 1, 2021
(Last update 9:12am EST, May 1, 2021)
\\nApple yesterday at a glance – the sleek phone manufacturer slid down from $133.48 to $131.46, taking a $2 loss (1.51%). Trading volume was 109.84 million, above the daily average of 89.97 million.
\\nWednesday, Apple released its quarterly earnings, beating analysts' estimates. The company reported earnings of 1.4 per share on revenue of $89.58 billion, topping estimates of 0.983 per share on revenue of $76.71 billion. Since the release of its earnings report, Apple lost 2.18%.
\\nThe chart pattern study shows the nearest support level is at $125.57, while the closest resistance is at $134.84. In terms of trend indicators, we can see that the MACD line is below the MACD signal line significantly, meaning the medium-term trend might turn positive. Asset volatility analysis shows that a slight indication of recovery comes from looking at the Bollinger bands: the lower band is at $130.43 – a low enough level to usually suggest Apple is trading below its value. On the other hand, note that at $131.37, Apple made an initial breakout below the 21 day Simple Moving Average, an indication of a negative trend.
\\nOverall, looking at the technical analysis landscape – although indicators are mixed and some are pointing in different directions, it seems Apple might reverse course and start pointing upward in the short term.
\\nWith a market cap of $2.21 trillion, The sleek phone manufacturer started in 2021 by losing 0.92%. So far this year it is under-performing the Nasdaq by 8.55%.
\\n\\n
\\n\\n\\n\\n\",\"\\nMrs. Dow Jones reacts to a 35-year-old real estate appraiser who works 75-hour weeks and earns $280,000 a year. (via @CNBCMakeIt) https://t.co/KJzGbhvRx2
\\n— CNBC (@CNBC) May 1, 2021
(Last update 9:12am EST, May 1, 2021)
\\nFacebook yesterday at a glance – Mark Zuckerberg's company slid down from $329.51 to $324.9, taking a $4.61 loss (1.4%). Trading volume was 26.33 million, above the daily average of 19.09 million.
\\nWednesday, Facebook released its quarterly earnings, beating analysts' estimates. The company reported earnings of 3.3 per share on revenue of $26.17 billion, topping estimates of 2.33 per share on revenue of $23.63 billion. Since the release of its earnings report, Facebook gained 7.03%.
\\nThe chart pattern study shows Facebook's nearest support level is at $313.09, followed by $296.52 at the next level. 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 the upper Bollinger band is at $327, indicating a further downward move might be next.
\\nOverall, technical indicators suggest Facebook has no obvious direction for the immediate future.
\\nWith a market cap of $923.13 billion, The social media company started in 2021 by gaining 15.76%. So far this year it is outperforming the Nasdaq by 8.13%.
\\n\\n
\\n\\n\\n\\n\",\"\\nMrs. Dow Jones reacts to a 35-year-old real estate appraiser who works 75-hour weeks and earns $280,000 a year. (via @CNBCMakeIt) https://t.co/KJzGbhvRx2
\\n— CNBC (@CNBC) May 1, 2021
(Last update 9:12am EST, May 1, 2021)
\\nAmazon yesterday at a glance – After starting the day at $3,471.31, Amazon went up to $3,553.39 only to drop back to the starting point and close at $3,467.42. Trading volume was 7.01 million, above the daily average of 3.67 million.
\\nThursday, Amazon released its quarterly earnings, beating analysts' estimates. The company reported earnings of 15.79 per share on revenue of $108.52 billion, topping estimates of 9.49 per share on revenue of $104.49 billion. Since the release of its earnings report, Amazon gained 0.26%.
\\nChart visual study suggest Amazon might start to recover soon because it is getting closer and is now only $67.42 from the support line at $3,400, 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 $3,492.35, indicating a downward move might be next.
\\nOverall, looking at the technical analysis landscape, it seems Amazon might be pointing upward in the short term.
\\nWith a market cap of $1.75 trillion, Jeff Bezos’s company started in 2021 by gaining 6.06%. So far this year it is under-performing the Nasdaq by 1.57%.
\\n\\n
\\n\\n\\n\\n\",\"\\nMrs. Dow Jones reacts to a 35-year-old real estate appraiser who works 75-hour weeks and earns $280,000 a year. (via @CNBCMakeIt) https://t.co/KJzGbhvRx2
\\n— CNBC (@CNBC) May 1, 2021
(Last update 3:42am EST, May 1, 2021)
\\nMicrosoft yesterday at a glance – the software giant slid down from $252.51 to $252.18, taking a 32 cents loss (0.13%). Trading volume was 30.95 million, above the daily average of 27.21 million.
\\nTuesday, Microsoft released its quarterly earnings, beating analysts' estimates. The company reported earnings of 1.95 per share on revenue of $41.71 billion, topping estimates of 1.78 per share on revenue of $41.04 billion. Since the release of its earnings report, Microsoft lost 3.58%.
\\nThe Chart pattern study shows Microsoft's nearest support level is at $237.58. In terms of trend indicators, we can see that the MACD line is below the MACD signal line significantly, meaning the medium-term trend might turn positive. Asset volatility analysis shows that the lower Bollinger band is at $249.93, indicating a positive move might be next. In contrast, 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.
\\nOverall, looking at the technical analysis landscape, it seems Microsoft might be pointing upward in the short term.
\\nWith a market cap of $1.90 trillion, The iconic OS developer started in 2021 by gaining 11.79%. So far this year it is outperforming the Nasdaq by 4.16%.
\\n\\n
\\n\\n\\n\\n\",\"\\nWall Street fell, the last trading day of what was a banner month for equities. Energy stocks and tech titans Apple, Alphabet and Facebook led the retreat https://t.co/OWI0xzmqks pic.twitter.com/fBiUax20bv
\\n— Reuters (@Reuters) May 1, 2021
(Last update 3:42am EST, May 1, 2021)
\\nGoogle yesterday at a glance – the leading search engine company slid down from $2,430 to $2,410, taking a $20 loss (0.81%). Trading volume was 1.96 million, above the daily average of 1.48 million.
\\nGoogle is down despite the fact that on Tuesday the company released its quarterly earnings, beating analysts' estimates. The company reported earnings of 26.29 per share on revenue of $55.31 billion, topping estimates of 15.71 per share on revenue of $51.36 billion.
\\nA Visual analysis of Google's price graph shows Google's nearest support level is at $2,114.77, followed by $2,024.17 at the next level. Momentum evaluation shows The Relative Strength Index indicates Google is in overbought condition. Asset volatility analysis shows that the upper Bollinger band is at $2,448, indicating a further downward move might be next.
\\nOverall, technical indicators suggest Google has no obvious direction for the immediate future.
\\nWith a market cap of $1.60 trillion, The leading search engine company started 2021 by gaining 27.09%. So far this year it is outperforming the Nasdaq by 19.46%.
\\n\\n
\\n\\n\\n\\n\",\"\\nWall Street fell, the last trading day of what was a banner month for equities. Energy stocks and tech titans Apple, Alphabet and Facebook led the retreat https://t.co/OWI0xzmqks pic.twitter.com/fBiUax20bv
\\n— Reuters (@Reuters) May 1, 2021
(Last update 3:42am EST, May 1, 2021)
\\nTesla yesterday at a glance – the trendy electric car company gained 4.79% and stayed at $709.44 levels. Trading volume was 39.74 million, above the daily average of 32.12 million.
\\nTuesday, Tesla reported mixed earnings results with EPS at 0.93 and revenues at $10.39 billion, compared to a consensus of 0.7428 Earnings Per Share and $10.42 billion revenue. Since the release of its earnings report, Tesla lost 3.9%
\\nThe Chart pattern study shows the nearest resistance level is at $762.32. In terms of trend indicators, we can see that at $687.62, Tesla 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 $678.04, indicating further gains might be next.
\\nOverall, looking at the technical analysis landscape, it seems Tesla might continue pointing upwards in the short term.
\\nWith a market cap of $680.96 billion, Elon Musk's electric cars company started in 2021 by gaining 0.56%. So far this year it is under-performing the Nasdaq by 7.07%.
\\n\\n
\\n\\n\\n\\n\",\"\\nWall Street fell, the last trading day of what was a banner month for equities. Energy stocks and tech titans Apple, Alphabet and Facebook led the retreat https://t.co/OWI0xzmqks pic.twitter.com/fBiUax20bv
\\n— Reuters (@Reuters) May 1, 2021
(Last update 3:42am EST, May 1, 2021)
\\nZoom yesterday at a glance – Zoom closed at $319.57 with no clear-cut direction and ranged between $326.28 and $317.39. Trading volume was 2.09 million, below the daily average of 2.38 million.
\\nZoom's graph levels to watch: Zoom might start to recover soon because it is getting close and is now only $11.18 from the support line at $308.39, Obviously, dipping below it could be an indication that further losses are ahead. Asset volatility analysis shows that the upper Bollinger band is at $339.59, indicating a downward move might be next.
\\nOverall, technical indicators suggest Zoom has no obvious direction for the immediate future.
\\nWith a market cap of $93.86 billion, The video communications platform provider started in 2021 by losing 5.53%. So far this year it is under-performing the Nasdaq by 13.16%.
\\n\\n
\\n\\n\\n\\n\",\"\\nWall Street fell, the last trading day of what was a banner month for equities. Energy stocks and tech titans Apple, Alphabet and Facebook led the retreat https://t.co/OWI0xzmqks pic.twitter.com/fBiUax20bv
\\n— Reuters (@Reuters) May 1, 2021
(Last update 3:42am EST, May 1, 2021)
\\nNetflix yesterday at a glance – the streaming heavyweight went up to $513.47 and gained $4.47 compared to the $509 start of the day (0.88%). Trading volume was 4.41 million, below the daily average of 7.40 million.
\\nNetflix chart analysis: although Netflix is green today and was as high as $514.55, it seems to be slowing down slightly and moving away from the $535.09 resistance line, and is now $21.62 below it. Momentum evaluation shows The Relative Strength Index indicates Netflix is in oversold condition, allowing more gains. However, at $514, Netflix made an initial breakout above the 200 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 Netflix.
\\nwith a market cap of $227.67 billion, The streaming company started in 2021 by losing 5.36%. So far this year it is under-performing the Nasdaq by 13%.
\\n\\n
\\n\\n\\n\\n\",\"\\nWall Street fell, the last trading day of what was a banner month for equities. Energy stocks and tech titans Apple, Alphabet and Facebook led the retreat https://t.co/OWI0xzmqks pic.twitter.com/fBiUax20bv
\\n— Reuters (@Reuters) May 1, 2021
(Last update 11:51am EST, May 1, 2021)
\\nWalmart yesterday at a glance – light green, mostly flat: Walmart ranged between $140 and $139.13 and is closed at $139.91. Trading volume was 6.56 million, above the daily average of 6.47 million.
\\nA study on Walmart's chart pattern shows Walmart is eyeing resistance at $141.2 and is now only $1.29 away, whilst this indicates a slow down or reverse of direction around $141.2, crossing it might suggest a prolonged positive move. In terms of trend indicators, we can see that although up today, it's worth noting that earlier Walmart dropped below the 21 day Simple Moving Average as it was trading at $139.27, usually an indication that a negative trend is ahead. Asset volatility analysis shows that the upper Bollinger band is at $141.58, This is a slight indication of a slowdown.
\\nOverall, looking at the technical analysis landscape, it seems Walmart is likely to reverse course and start pointing down in the short term.
\\nWith a market cap of $393.63 billion, The discount department and warehouse stores chain started in 2021 by losing 3.04%. So far this year it is under-performing the Dow by 12.64%.
\\n\\n
\\n\\n\\n\\n\",\"\\nWalmart’s annual revenue increased to more than $500 billion last year. The Walton family’s fortune soared to $250 billion during that period.
\\nWalmart’s minimum wage is $11 an hour https://t.co/AZsOedOZQm
\\n— Businessweek (@BW) May 1, 2021
(Last update 11:51am EST, May 1, 2021)
\\nProcter & Gamble yesterday at a glance – hesitant but green, Procter & Gamble closed at $133.42 after ranging between $132.26 and $133.67. Trading volume was 9.19 million, above the daily average of 7.82 million.
\\nA study of Procter & Gamble's graph shows key levels to watch: nearest resistance level is at $137.75.
\\nWith a market cap of $326.64 billion, The consumer goods company started 2021 by losing 4.32%. So far this year it is under-performing the Dow by 13.92%.
\\n\\n
\\n\\n\\n\\n\",\"\\nWalmart’s annual revenue increased to more than $500 billion last year. The Walton family’s fortune soared to $250 billion during that period.
\\nWalmart’s minimum wage is $11 an hour https://t.co/AZsOedOZQm
\\n— Businessweek (@BW) May 1, 2021
(Last update 11:51am EST, May 1, 2021)
\\nWalt Disney yesterday at a glance – after it started the day at $185.33 Walt Disney went up to $186.32 only to drop back, yet still traded positively overall and closed at $186.02. Trading volume was 7.49 million, above the daily average of 6.60 million.
\\nA study of Walt Disney's graph shows key levels to watch: nearest resistance level is at $201.91. In terms of trend indicators, we can see that at $185.9, Walt Disney made an initial breakout above the 21 day Simple Moving Average, an indication of a positive trend. Asset volatility analysis shows that a slight indication of a slowdown comes from looking at the Bollinger bands: the upper band is at $187.46 – a high enough level to usually suggest Walt Disney is trading above its value.
\\nOverall, the technical analysis suggests Walt Disney is neutral for the immediate future, with no clear-cut direction.
\\nWith a market cap of $337.67 billion, The entertainment and content production company started in 2021 by gaining 2.61%. So far this year it is under-performing the Dow by 7%.
\\n\\n
\\n\\n\\n\\n\",\"\\nWalmart’s annual revenue increased to more than $500 billion last year. The Walton family’s fortune soared to $250 billion during that period.
\\nWalmart’s minimum wage is $11 an hour https://t.co/AZsOedOZQm
\\n— Businessweek (@BW) May 1, 2021
(Last update 11:51am EST, May 1, 2021)
\\nCoca-Cola yesterday at a glance – the soft drinks giant dropped 0.52% early on and stayed in the $53.98 range. Trading volume was 14.76 million, above the daily average of 12.09 million.
\\nAsset volatility analysis shows that the upper Bollinger band is at $54.75, 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 although down today, it's worth noting that at $54.05 Coca-Cola did peak above the 10 day Simple Moving Average earlier, usually an indication that a positive move is maybe 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 Coca-Cola
\\nwith a market cap of $232.74 billion, The soft drink company started in 2021 by losing 1.58%. So far this year it is under-performing the Dow by 11.18%.
\\n\\n
\\n\\n\\n\\n\",\"\\nWalmart’s annual revenue increased to more than $500 billion last year. The Walton family’s fortune soared to $250 billion during that period.
\\nWalmart’s minimum wage is $11 an hour https://t.co/AZsOedOZQm
\\n— Businessweek (@BW) May 1, 2021
(Last update 11:51am EST, May 1, 2021)
\\nPfizer yesterday at a glance – Pfizer closed at $38.65 with no clear-cut direction and ranged between $38.9 and $38.49. Trading volume was 26.99 million, above the daily average of 24.78 million.
\\nThe Chart pattern study shows Pfizer's resistance level is at $39.53. In terms of trend indicators, we can see that at $38.79, Pfizer made an initial breakout above the 10 day Simple Moving Average, an indication of a positive trend. Japanese candlesticks formations detected today are the "Hammer”, 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. On the other hand, note that the upper Bollinger band is at $39.35, indicating a downward move might be next.
\\nOverall, looking at the technical analysis landscape, it seems Pfizer might be pointing upward in the short term.
\\nWith a market cap of $215.60 billion, The pharmaceuticals and biotechnology company started 2021 by gaining 4.77%. So far this year it is under-performing the Dow by 4.83%.
\\n\\n
\\n\\n\\n\\n\",\"\\nWalmart’s annual revenue increased to more than $500 billion last year. The Walton family’s fortune soared to $250 billion during that period.
\\nWalmart’s minimum wage is $11 an hour https://t.co/AZsOedOZQm
\\n— Businessweek (@BW) May 1, 2021
(Last update 11:16am EST, May 1, 2021)
\\nMcDonald's yesterday at a glance – light green, mostly flat: McDonald's ranged between $236.29 and $233.87 and it closed at $236.08. Trading volume was 2.64 million, above the daily average of 2.41 million.
\\nThursday, McDonald's released its quarterly earnings, beating analysts' estimates. The company reported earnings of 1.92 per share on revenue of $5.12 billion, topping estimates of 1.81 per share on revenue of $5.03 billion. Since the release of its earnings report, McDonald's gained 1.58%.
\\nThe chart pattern study shows McDonald'ss immediate resistance is around $236.96, nearest support level is at $232.61. In terms of trend indicators, we can see that although up today, it's worth noting that earlier McDonald's dropped below the 3 day Simple Moving Average as it was trading at $234.2, usually an indication that a negative trend is ahead. Asset volatility analysis shows that the upper Bollinger band is at $236.21, 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.
\\nOverall, looking at the technical analysis landscape, it seems a reverse of course in the short term might be next for McDonald's
\\nwith a market cap of $175.49 billion, The fast food giant started in 2021 by gaining 9.14%. So far this year it is under-performing the Dow by 0.46%.
\\n\\n
\\n\\n\\n\\n\",\"\\nOman’s deficit expanded to $2 billion in the first quarter, as lower oil prices and the pandemic continued to impact the economy https://t.co/FsS3NuD3pE
\\n— Bloomberg (@business) May 1, 2021
(Last update 11:16am EST, May 1, 2021)
\\nLight red, mostly flat: Bitcoin ranges between $58,400 and $57,252 and is now at $57,252.
\\nThe Chart pattern study shows Bitcoin's immediate support is around $53,350, resistance level is at $63,500. In terms of trend indicators, we can see that even though currently pointing down, the medium-term trend indication has turned positive as the MACD (moving average convergence divergence) index generated a crossover buy signal. This occurs as the MACD line crosses above the MACD signal line.
\\nOverall, looking at the technical analysis landscape, it seems Bitcoin might start pointing upward in the short term.
\\nWith a market cap of 1.07 trillion, Bitcoin started in 2021 by gaining 42.29%.
\\n\\n
\\n\\n\\n\\n\",\"\\nOman’s deficit expanded to $2 billion in the first quarter, as lower oil prices and the pandemic continued to impact the economy https://t.co/FsS3NuD3pE
\\n— Bloomberg (@business) May 1, 2021
(Last update 11:16am EST, May 1, 2021)
\\nGold yesterday at a glance – a mostly flat day for gold as it ranged between $1,773.3 and $1,763.3 and closed at $1,768.8.
\\nIn terms of trend indicators, we can see that at $1,769, 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 $1,790.29, indicating a downward move might be next. In contrast, Gold might start to recover soon because it is getting closer and is now only $27.4 from the support line at $1,741.4, Obviously, dipping below it could be an indication that further losses are ahead.
\\nOverall, looking at all the technical indicators, it seems Gold might be pointing down in the short term.
\\nGold started 2021 by losing 7.03%.
\\n\\n
\\n\\n\\n\\n\",\"\\nOman’s deficit expanded to $2 billion in the first quarter, as lower oil prices and the pandemic continued to impact the economy https://t.co/FsS3NuD3pE
\\n— Bloomberg (@business) May 1, 2021
(Last update 11:16am EST, May 1, 2021)
\\nOil yesterday at a glance – Crude oil went dark red after losing $1.39, tumbling down to $63.43.
\\nAn analysis of Oil chart suggests Oil's nearest support level is at $57.76. In terms of trend indicators, we can see that at $63.5, Oil made an initial breakout below the 3 day Simple Moving Average, an indication of a negative trend. Asset volatility analysis shows that the upper Bollinger band is at $65.22, indicating a further downward move might be next.
\\nOverall, looking at the technical analysis landscape, it seems crude oil is likely to continue pointing down in the short term.
\\nOil started 2021 by gaining 23.09%.
\\n\\n
\\n\\n\\n\\n\",\"\\nOman’s deficit expanded to $2 billion in the first quarter, as lower oil prices and the pandemic continued to impact the economy https://t.co/FsS3NuD3pE
\\n— Bloomberg (@business) May 1, 2021
(Last update 11:16am EST, May 1, 2021)
\\nEuro yesterday at a glance – Euro went dark red after losing 99 pips, tumbling down to 1.202.
\\nImportant graph levels to look out for: Euro/Dollar nearest support level is at 1.1718. In terms of trend indicators, we can see that at 1.2071, Euro/Dollar made an initial breakout below the 10 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 1.1909 – a low enough level to usually suggest the Euro/Dollar is trading below its value.
\\nOverall, technical indicators suggest the Euro/Dollar has no obvious direction for the immediate future.
\\nThe Euro/Dollar started 2021 by losing 0.82%.
\\n\\n
\\n\\n\\n\\n\",\"\\nOman’s deficit expanded to $2 billion in the first quarter, as lower oil prices and the pandemic continued to impact the economy https://t.co/FsS3NuD3pE
\\n— Bloomberg (@business) May 1, 2021
(Last update 12:11pm EST, May 1, 2021)
\\nThe British Pound yesterday at a glance – GBP/USD went dark red after losing 125 pips, tumbling down to 1.3818.
\\nA study of The British Pound's graph shows key levels to watch: Pound/Dollar might start to recover soon because it is getting close and is now only 128 pips from the support line at 1.3689, Obviously, dipping below it could be an indication that further losses are ahead. Asset volatility analysis shows that a slight indication of recovery comes from looking at the Bollinger bands: the lower band is at 1.3786 – a low enough level to usually suggest the Pound is trading below its value. On the other hand, note that at 1.3837, The Pound made an initial breakout below the 50 day Simple Moving Average, an indication of a negative trend.
\\nOverall, looking at the technical analysis landscape – although indicators are mixed and some are pointing in different directions, it seems the Pound might reverse course and start pointing upward in the short term.
\\nThe Pound started in 2021 by gaining 1.97%.
\\n\\n
\\n\\n\\n\\n\",\"\\nUK reports 7 new COVID deaths, 1,907 infections https://t.co/gHwx19y640 pic.twitter.com/XvJae2xWLt
\\n— Reuters (@Reuters) May 1, 2021
(Last update 12:11pm EST, May 1, 2021)
\\nThe Yen yesterday at a glance – after it started the day at 108.93 yen went up to 109.38 only to drop back, yet still traded positively overall and closed at 109.3.
\\nAn analysis of the Yen chart suggests the nearest resistance level is at 110.73. In terms of trend indicators, we can see that at 109.04, Yen made an initial breakout above the 50 day Simple Moving Average, an indication of a positive trend. The CCI indicator is above 100. When the CCI (Commodity Channel Index) is at this level, it means the price is above the average price as measured by the indicator, indicating a possible start of a new uptrend. Momentum evaluation shows the Relative Strength Index shows the Yen has gone up above 70 going into overbought territory. Asset volatility analysis shows that a slight indication of a slowdown comes from looking at the Bollinger bands: the upper band is at 109.38 – a high enough level to usually suggest the Yen is trading above its value.
\\nOverall, the technical analysis suggests the Yen is neutral for the immediate future, with no clear-cut direction.
\\nThe Yen started in 2021 by gaining 5.23%.
\\n\\n
\\n\\n\\n\\n\",\"\\nUK reports 7 new COVID deaths, 1,907 infections https://t.co/gHwx19y640 pic.twitter.com/XvJae2xWLt
\\n— Reuters (@Reuters) May 1, 2021
(Last update 12:11pm EST, May 1, 2021)
\\nSwiss francs yesterday at a glance – Dollar/Swiss is up to 0.9131 having started the day at 0.9086, overall a 0.5% move or 45 pips today.
\\nIn 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 a slight indication of a slowdown comes from looking at the Bollinger bands: the upper band is at 0.9223 – a high enough level to usually suggest Dollar/Swiss is trading above its value.
\\nOverall, looking at the technical analysis landscape, it seems Dollar/Swiss is likely to reverse course and start pointing down in the short term.
\\nThe Swiss franc started in 2021 by gaining 2.69%.
\\n\\n
\\n\\n\\n\\n\",\"\\nUK reports 7 new COVID deaths, 1,907 infections https://t.co/gHwx19y640 pic.twitter.com/XvJae2xWLt
\\n— Reuters (@Reuters) May 1, 2021
(Last update 12:11pm EST, May 1, 2021)
\\nAussie/Dollar yesterday at a glance – After a mostly steady session, Australian dollar lost 53 pips, closing at 0.7712.
\\nIn terms of trend indicators, we can see that at 0.7704, Aussie/Dollar made an initial breakout below the 21 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. On the other hand, note that a slight indication of recovery comes from looking at the Bollinger bands: the lower band is at 0.7648 – a low enough level to usually suggest the Aussie/Dollar is trading below its value.
\\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 the Australian dollar.
\\nThe Australian dollar started 2021 by gaining 0.91%.
\\n\\n
\\n\\n\\n\\n\\n\"],\"title\":\"Financial Markets Review – 1 May 2021 – 12:11:44\",\"date\":\"2021-05-01T16:11:44\"}"; var omg_ads = JSON.parse(decodeHtml(omg_ads_string)); } catch (e) { var omg_ads = JSON.parse(omg_ads_string); }UK reports 7 new COVID deaths, 1,907 infections https://t.co/gHwx19y640 pic.twitter.com/XvJae2xWLt
\\n— Reuters (@Reuters) May 1, 2021
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