![](\\\"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 5:51pm EST, May 9, 2021)
\\nS&P Friday at a glance – with a daily low of 4,201.64, S&P closed at 4,232.6 after starting the day at 4,201.62 and gaining 31 points (0.74%).
\\nImportant graph levels to look out for: S&P 500 immediate resistance is around 4,246.55, nearest support level is at 4,185.47. 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 4,235 – a high enough level to usually suggest the S&P is trading above its value.
\\nOverall, the technical analysis picture suggests S&P is neutral for the immediate future, with no clear-cut direction.
\\nThe S&P started 2021 by gaining 11.34%.
\\n\\n
\\n\\n\\n\\n\",\"\\nFacebook’s Trump ban shows platform’s ‘rules are in shambles,' oversight board co-chair says https://t.co/TUtW4XKlr3 pic.twitter.com/WSwlNF6Bt3
\\n— Forbes (@Forbes) May 9, 2021
(Last update 5:51pm EST, May 9, 2021)
\\nApple Friday at a glance – hesitant but green, Apple closed at $130.21 after ranging between $129.47 and $131.26. Trading volume was 78.97 million, below the daily average of 88.38 million.
\\nA study of Apple's graph shows key levels to watch: although Apple is green today and was as high as $131.26, it seems to be slowing down slightly and moving away from the $134.84 resistance line, and is now $4.63 below it. In terms of trend indicators, we can see that although up today, it's worth noting that earlier Apple dropped below the 5 day Simple Moving Average as it was trading at $129.94, usually an indication that a negative trend is ahead. 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 $127.95, indicating further gains might be next.
\\nOverall, the technical analysis suggests Apple is neutral for the immediate future, with no clear-cut direction.
\\nWith a market cap of $2.17 trillion, The mobile and tech colossus started in 2021 by losing 1.91%. So far this year it is under-performing the Nasdaq by 8.25%.
\\n\\n
\\n\\n\\n\\n\",\"\\nFacebook’s Trump ban shows platform’s ‘rules are in shambles,' oversight board co-chair says https://t.co/TUtW4XKlr3 pic.twitter.com/WSwlNF6Bt3
\\n— Forbes (@Forbes) May 9, 2021
(Last update 5:51pm EST, May 9, 2021)
\\nFacebook Friday at a glance – light red, mostly flat: Facebook ranged between $322.94 and $318.75 and closed at $319.08. Trading volume was 15.92 million, below the daily average of 20.28 million.
\\nImportant graph levels to look out for: Facebook might start to recover soon because it is getting close and is now only $6 from the support line at $313.09, 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 $320.21 Facebook did peak above the 5 day Simple Moving Average earlier, usually an indication that a positive move is maybe ahead.
\\nOverall, looking at the technical analysis landscape, it seems Facebook might start pointing upward in the short term.
\\nWith a market cap of $904.74 billion, The social media company started in 2021 by gaining 14.35%. So far this year it is outperforming the Nasdaq by 8%.
\\n\\n
\\n\\n\\n\\n\",\"\\nFacebook’s Trump ban shows platform’s ‘rules are in shambles,' oversight board co-chair says https://t.co/TUtW4XKlr3 pic.twitter.com/WSwlNF6Bt3
\\n— Forbes (@Forbes) May 9, 2021
(Last update 5:51pm EST, May 9, 2021)
\\nAmazon Friday at a glance – light red, mostly flat: Amazon ranged between $3,330.78 and $3,289 and closed at $3,291.61. Trading volume was 4.71 million, above the daily average of 4.10 million.
\\nThe Chart visual study suggests the nearest support level is at $3,137.5, followed by $3,028, resistance levels are at $3,400, and followed by $3,471.31. In terms of trend indicators, we can see that at $3,296.26, Amazon made an initial breakout below the 3 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 $3,243 – a low enough level to usually suggest Amazon is trading below its value.
\\nOverall, technical indicators suggest Amazon has no obvious direction for the immediate future.
\\nWith a market cap of $1.66 trillion, Jeff Bezos’s company started in 2021 by gaining 1.05%. So far this year it is under-performing the Nasdaq by 5.29%.
\\n\\n
\\n\\n\\n\\n\",\"\\nFacebook’s Trump ban shows platform’s ‘rules are in shambles,' oversight board co-chair says https://t.co/TUtW4XKlr3 pic.twitter.com/WSwlNF6Bt3
\\n— Forbes (@Forbes) May 9, 2021
(Last update 5:56pm EST, May 9, 2021)
\\nMicrosoft Friday at a glance – the iconic OS developer went up to $252.46 and gained $2.73 compared to the $249.73 start of the day (1.09%). Trading volume was 27.03 million, below the daily average of 28.60 million.
\\nMicrosoft chart analysis: nearest resistance level is at $261.97. In terms of trend indicators, we can see that at $253.98, Microsoft made an initial breakout above the 10 day Simple Moving Average, an indication of a positive trend. The MACD line is below the MACD signal line significantly, meaning the medium-term trend might turn positive.
\\nOverall, looking at the technical analysis landscape, it seems Microsoft might continue pointing upwards in the short term.
\\nWith a market cap of $1.90 trillion, The software giant started in 2021 by gaining 12.03%. So far this year it is outperforming the Nasdaq by 5.69%.
\\n\\n
\\n\\n\\n\\n\",\"\\nGoogle's new Pixel Buds could fix the problems of their predecessors https://t.co/nueI5eCKOb
\\n— Forbes (@Forbes) May 9, 2021
(Last update 5:56pm EST, May 9, 2021)
\\nGoogle Friday at a glance – light green Google closed at $2,398.69 after it ranged between $2,415.39 and $2,390. Trading volume was 1.16 million, below the daily average of 1.57 million.
\\nChart visual study suggest Google could be slowing down soon as it is approaching and is only $31.2 away from resistance at $2,430, of course, crossing it might suggest further gains are ahead. Asset volatility analysis shows that the upper Bollinger band is at $2,446.37, This is a slight indication of a slowdown.
\\nOverall, looking at the technical analysis landscape, it seems Google is likely to reverse course and start pointing down in the short term.
\\nWith a market cap of $1.59 trillion, The leading search engine company started 2021 by gaining 27.16%. So far this year it is outperforming the Nasdaq by 20.82%.
\\n\\n
\\n\\n\\n\\n\",\"\\nGoogle's new Pixel Buds could fix the problems of their predecessors https://t.co/nueI5eCKOb
\\n— Forbes (@Forbes) May 9, 2021
(Last update 5:56pm EST, May 9, 2021)
\\nTesla Friday at a glance – hesitant but green, Tesla closed at $672.08 after ranging between $660.22 and $690. Trading volume was 23.47 million, below the daily average of 28.06 million.
\\nThe Chart visual study suggests the nearest resistance level is at $762.32. In terms of trend indicators, we can see that at $681.18, 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 $644.59, indicating further gains might be next. Japanese Candlesticks formations detected today are the "bullish harami”, 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. In contrast, The Relative Strength Index indicates Tesla is in oversold condition, allowing more gains.
\\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 $647.43 billion, The trendy electric car company started in 2021 by losing 5.06%. So far this year it is under-performing the Nasdaq by 11.4%.
\\n\\n
\\n\\n\\n\\n\",\"\\nGoogle's new Pixel Buds could fix the problems of their predecessors https://t.co/nueI5eCKOb
\\n— Forbes (@Forbes) May 9, 2021
(Last update 5:56pm EST, May 9, 2021)
\\nZoom Friday at a glance – light green Zoom closed at $295.24 after it ranged between $304.7 and $292.71. Trading volume was 2.45 million, below the daily average of 2.50 million.
\\nA study of Zoom's graph shows key levels to watch: although Zoom is green today and was as high as $304.7, it seems to be slowing down slightly and moving away from the $316.32 resistance line, and is now $21.08 below it. In terms of trend indicators, we can see that although up today, it's worth noting that earlier Zoom dropped below the 3 day Simple Moving Average as it was trading at $298.5, usually an indication that a negative trend is ahead. Momentum evaluation shows The Relative Strength Index indicates Zoom is in strong oversold condition. However, the lower Bollinger band is at $281.3, indicating further gains might be next.
\\nOverall, looking at the technical analysis landscape, it seems a reverse of course in the short term might be next for Zoom.
\\nwith a market cap of $86.94 billion, The video communications platform provider started in 2021 by losing 14.36%. So far this year it is under-performing the Nasdaq by 20.7%.
\\n\\n
\\n\\n\\n\\n\",\"\\nGoogle's new Pixel Buds could fix the problems of their predecessors https://t.co/nueI5eCKOb
\\n— Forbes (@Forbes) May 9, 2021
(Last update 5:56pm EST, May 9, 2021)
\\nNetflix Friday at a glance – the streaming company went up to $503.84 and gained $4.29 compared to the $499.55 start of the day (0.86%). Trading volume was 3.13 million, below the daily average of 3.85 million.
\\nThe chart pattern study shows the nearest resistance level is at $535.09, followed by $555.31 at the next level. In terms of trend indicators, we can see that at $505.83, Netflix made an initial breakout above the 10 day Simple Moving Average, an indication of a positive trend. Asset volatility analysis shows that the upper Bollinger band is at $515, This is a slight indication of a slowdown.
\\nOverall, the technical analysis suggests Netflix is neutral for the immediate future, with no clear-cut direction.
\\nWith a market cap of $223.40 billion, The streaming heavyweight started in 2021 by losing 7.38%. So far this year it is under-performing the Nasdaq by 13.72%.
\\n\\n
\\n\\n\\n\\n\",\"\\nGoogle's new Pixel Buds could fix the problems of their predecessors https://t.co/nueI5eCKOb
\\n— Forbes (@Forbes) May 9, 2021
(Last update 5:21pm EST, May 9, 2021)
\\nWalmart Friday at a glance – the discount department and warehouse store chain slid down from $141.05 to $140.2, taking a 85 cents loss (0.6%). Trading volume was 7.80 million, above the daily average of 6.36 million.
\\nIn terms of trend indicators, we can see that at $140.21, 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 $142.43, indicating a further downward move might be next. In contrast, Walmart might start to recover soon because it is getting closer and is now only $2.31 from the support line at $137.89, 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 Walmart.
\\nwith a market cap of $394.45 billion, The warehouse store chain company started in 2021 by losing 2.8%. So far this year it is under-performing the Dow by 14.87%.
\\n\\n
\\n\\n\\n\\n\",\"\\n#WSJWhatsNow: Pfizer has boosted full-year guidance on sales of its Covid-19 vaccine, and analysts said Pfizer’s Covid-19 quarterly vaccine sales exceeded expectations https://t.co/0fLD0HrtIW pic.twitter.com/qS9ACRZa4n
\\n— The Wall Street Journal (@WSJ) May 9, 2021
(Last update 5:21pm EST, May 9, 2021)
\\nProcter & Gamble Friday at a glance – Procter & Gamble closed at $135.15 with no clear-cut direction and ranged between $136.03 and $134.76. Trading volume was 6.30 million, below the daily average of 7.53 million.
\\nThe Chart visual study suggests Procter & Gamble's nearest support level is at $131.18. In terms of trend indicators, we can see that at $135.25, Procter & Gamble made an initial breakout above the 200 day Simple Moving Average, an indication of a positive trend. Momentum evaluation shows The Relative Strength Index indicates Procter & Gamble is in overbought condition. In contrast, the upper Bollinger band is at $136.62, indicating a downward move might be next.
\\nOverall, looking at the technical analysis landscape, it seems Procter & Gamble might be pointing upward in the short term.
\\nWith a market cap of $330.88 billion, The consumer goods company started in 2021 by losing 2.95%. So far this year it is under-performing the Dow Jones by 15%.
\\n\\n
\\n\\n\\n\\n\",\"\\n#WSJWhatsNow: Pfizer has boosted full-year guidance on sales of its Covid-19 vaccine, and analysts said Pfizer’s Covid-19 quarterly vaccine sales exceeded expectations https://t.co/0fLD0HrtIW pic.twitter.com/qS9ACRZa4n
\\n— The Wall Street Journal (@WSJ) May 9, 2021
(Last update 5:21pm EST, May 9, 2021)
\\nWalt Disney Friday at a glance – after starting the day at $181.79 the entertainment giant went up to $185.12 only to drop back to the half way point range and is now trading at $184.84. Trading volume was 6.89 million, above the daily average of 5.95 million.
\\nA study on Walt Disney's chart pattern shows Walt Disney could be slowing down soon because it is getting close and is now only $1.18 from the resistance line at $186.02, yet crossing it might suggest further gains are ahead. Asset volatility analysis shows that a slight indication of a slowdown comes from looking at the Bollinger bands: the upper band is at $187 – a high enough level to usually suggest Walt Disney is trading above its value. In contrast, at $184.94, Walt Disney 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 Walt Disney.
\\nwith a market cap of $335.53 billion, The entertainment giant started in 2021 by gaining 2%. So far this year it is under-performing the Dow by 10.06%.
\\n\\n
\\n\\n\\n\\n\",\"\\n#WSJWhatsNow: Pfizer has boosted full-year guidance on sales of its Covid-19 vaccine, and analysts said Pfizer’s Covid-19 quarterly vaccine sales exceeded expectations https://t.co/0fLD0HrtIW pic.twitter.com/qS9ACRZa4n
\\n— The Wall Street Journal (@WSJ) May 9, 2021
(Last update 5:21pm EST, May 9, 2021)
\\nCoca-Cola Friday at a glance – the soft drink company recovered back to $54.51 after dipping down to $54.16 in a session that started at $54.54. Trading volume was 10.64 million, around the average daily.
\\nIn terms of trend indicators, we can see that at $54.23, Coca-Cola 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 $54.84, indicating a downward move might be next. However, Coca-Cola is climbing away and is now 92 cents from the $53.58 support line.
\\nOverall, looking at the technical analysis landscape, it seems Coca-Cola might be pointing down in the short term.
\\nWith a market cap of $235.03 billion, The soft drinks giant started 2021 by losing 0.61%. So far this year it is under-performing the Dow Jones by 12.68%.
\\n\\n
\\n\\n\\n\\n\",\"\\n#WSJWhatsNow: Pfizer has boosted full-year guidance on sales of its Covid-19 vaccine, and analysts said Pfizer’s Covid-19 quarterly vaccine sales exceeded expectations https://t.co/0fLD0HrtIW pic.twitter.com/qS9ACRZa4n
\\n— The Wall Street Journal (@WSJ) May 9, 2021
(Last update 5:21pm EST, May 9, 2021)
\\nPfizer Friday at a glance – the pharmaceuticals and biotechnology company went up to $39.58 and gained 39 cents compared to the $39.19 start of the day (1%). Trading volume was 33.47 million, below the daily average of 34.91 million.
\\nTuesday, Pfizer released its quarterly earnings, beating analysts' estimates. The company reported earnings of 0.93 per share on revenue of $14.58 billion, topping estimates of 0.7773 per share on revenue of $13.67 billion. Since the release of its earnings report, Pfizer lost 0.63%.
\\nThe chart pattern study shows Pfizer is eyeing resistance at $39.97 and is now only 39 cents away, whilst this indicates a slow down or reverse of direction around $39.97, 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 Pfizer dropped below the 5 day Simple Moving Average as it was trading at $39.52, usually an indication that a negative trend is ahead. Asset volatility analysis shows that the upper Bollinger band is at $40.33, This is a slight indication of a slowdown.
\\nOverall, looking at the technical analysis landscape, it seems Pfizer is likely to reverse course and start pointing down in the short term.
\\nWith a market cap of $220.78 billion, The pharmaceuticals and biotechnology company started 2021 by gaining 7.07%. So far this year it is under-performing the Dow Jones by 5%.
\\n\\n
\\n\\n\\n\\n\",\"\\n#WSJWhatsNow: Pfizer has boosted full-year guidance on sales of its Covid-19 vaccine, and analysts said Pfizer’s Covid-19 quarterly vaccine sales exceeded expectations https://t.co/0fLD0HrtIW pic.twitter.com/qS9ACRZa4n
\\n— The Wall Street Journal (@WSJ) May 9, 2021
(Last update 5:16pm EST, May 9, 2021)
\\nMcDonald's Friday at a glance – McDonald's traded steadily on Friday, ranging between $235.72 and $234 and closed at $234.84. Trading volume was 1.41 million, below the daily average of 2.22 million.
\\nA study of McDonald's's graph shows key levels to watch: McDonald's might start to recover soon because it is getting close and is now only $2.23 from the support line at $232.61, obviously dipping below it could be an indication that further losses are ahead. In terms of trend indicators, we can see that at $234.49, McDonald's made an initial breakout above the 10 day Simple Moving Average, an indication of a positive trend. In contrast, the upper Bollinger band is at $236.78, indicating a downward move might be next.
\\nOverall, looking at the technical analysis landscape, it seems McDonald's might be pointing upward in the short term.
\\nWith a market cap of $175.23 billion, The fast food company started in 2021 by gaining 8.63%. So far this year it is under-performing the Dow by 3.44%.
\\n\\n
\\n\\n\\n\\n\",\"\\nThis bitcoin misconception could be what takes it to $250k, according to Morgan Creek’s Yusko (via @TradingNation) https://t.co/ehI0HXrkuK
\\n— CNBC (@CNBC) May 9, 2021
(Last update 5:16pm EST, May 9, 2021)
\\nBitcoin is sliding down from $58,941 to $58,000, taking a $941.2 loss (1.6%).
\\nAs the day reaches an end, a chart visual study suggests the nearest support level is at $49,000, while the closest resistance is at $63,500. In terms of trend indicators, we can see that at $56,868, Bitcoin 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 Bitcoin is likely to continue pointing down in the short term.
\\nWith a market cap of 1.08 trillion, Bitcoin started in 2021 by gaining 49.93%.
\\n\\n
\\n\\n\\n\\n\",\"\\nThis bitcoin misconception could be what takes it to $250k, according to Morgan Creek’s Yusko (via @TradingNation) https://t.co/ehI0HXrkuK
\\n— CNBC (@CNBC) May 9, 2021
(Last update 5:16pm EST, May 9, 2021)
\\nAfter starting the day at $1,831.3, Gold rallied to $1,844.6, hitting its highest point in 2 months, It later lost $12.6 and closed at $1,832
\\nThe Chart visual study suggests Gold's nearest support level is at $1,684. In terms of trend indicators, we can see that at $1,842.25, Gold 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. Momentum evaluation shows The Relative Strength Index indicates Gold is in overbought condition. On the other hand, note that the upper Bollinger band is at $1,830.51, 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 3.34%.
\\n\\n
\\n\\n\\n\\n\",\"\\nThis bitcoin misconception could be what takes it to $250k, according to Morgan Creek’s Yusko (via @TradingNation) https://t.co/ehI0HXrkuK
\\n— CNBC (@CNBC) May 9, 2021
(Last update 5:16pm EST, May 9, 2021)
\\nCrude oil Friday at a glance – Crude oil recovered back to $64.81 after dipping down to $63.88 in a session that started at $64.88.
\\nIn terms of trend indicators, we can see that at $64.86, crude oil 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 $66.59, indicating a downward move might be next. On the other hand, note that oil might start to recover soon because it is getting closer and is now only $1.33 from the support line at $63.48, Obviously, dipping below it could be an indication that further losses are ahead.
\\nOverall, looking at the technical analysis landscape, it seems oil might be pointing down in the short term.
\\nOil started in 2021 by gaining 25.13%.
\\n\\n
\\n\\n\\n\\n\",\"\\nThis bitcoin misconception could be what takes it to $250k, according to Morgan Creek’s Yusko (via @TradingNation) https://t.co/ehI0HXrkuK
\\n— CNBC (@CNBC) May 9, 2021
(Last update 5:16pm EST, May 9, 2021)
\\nStarting the session at 1.2164, Euro rallied above 1.2179 for the first time in 2 months, gaining 2 pips, and closed at 1.2167.
\\nThe Chart pattern study shows the Euro/Dollar is climbing away and is now 161 pips from the 1.2006 support line. In terms of trend indicators, we can see that at 1.2065, Euro/Dollar made an initial breakout below the 10 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. Asset volatility analysis shows that the upper Bollinger band is at 1.2179, indicating a downward move might be next.
\\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 0.47%.
\\n\\n
\\n\\n\\n\\n\",\"\\nThis bitcoin misconception could be what takes it to $250k, according to Morgan Creek’s Yusko (via @TradingNation) https://t.co/ehI0HXrkuK
\\n— CNBC (@CNBC) May 9, 2021
(Last update 6:11pm EST, May 9, 2021)
\\nAfter starting at 1.398 GBP/USD gained 33 pips and traded above the 1.4 level for the first time in 2 months.
\\nIn terms of trend indicators, we can see that although up today, it's worth noting that earlier the pound dropped below the 3 day Simple Moving Average as it was trading at 1.39, usually an indication that a negative trend is ahead. Asset volatility analysis shows that a slight indication of a slowdown comes from looking at the Bollinger bands: the upper band is at 1.4022 – a high enough level to usually suggest the Pound is trading above its value. 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 The Pound.
\\nThe Pound started in 2021 by gaining 2.24%.
\\n\\n
\\n\\n\\n\\n\",\"\\nWhile Japan is set on hosting the Tokyo Olympics and Paralympics just months from now, one Japanese hospital is begging for the nation to cancel the big event.https://t.co/zmYskFRfVf
\\n— TheStreet (@TheStreet) May 9, 2021
(Last update 6:11pm EST, May 9, 2021)
\\nDollar/Yen Friday at a glance – after starting Friday at 108.62 yen went up to 108.64 only to drop back to the half way point range, closing at 108.53.
\\nChart visual study suggest the dollar/yen might start to recover soon because it is getting closer and is now only 66 pips from the support line at 107.86, Obviously, dipping below it could be an indication that further losses are ahead. In terms of trend indicators, we can see that at 109.12, dollar/yen 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 107.98, indicating a positive move might be next.
\\nOverall, looking at the technical analysis landscape, it seems the Dollar/Yen might start pointing upward in the short term.
\\nThe Yen started in 2021 by gaining 4.94%.
\\n\\n
\\n\\n\\n\\n\",\"\\nWhile Japan is set on hosting the Tokyo Olympics and Paralympics just months from now, one Japanese hospital is begging for the nation to cancel the big event.https://t.co/zmYskFRfVf
\\n— TheStreet (@TheStreet) May 9, 2021
(Last update 6:11pm EST, May 9, 2021)
\\nDollar/Swiss Friday at a glance – after starting Friday at 0.9013 dollar/swisss went up to 0.9017 only to drop back to the half way point range, closing at 0.9.
\\nThe Chart pattern study shows Swiss franc immediate support is around 0.9, resistance level is at 0.924. 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 Dollar/Swiss is in strong oversold condition. On the other hand, note that a slight indication of recovery comes from looking at the Bollinger bands: the lower band is at 0.8985 – a low enough level to usually suggest the Swiss franc 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 Dollar/Swiss
\\nThe Swiss franc started in 2021 by gaining 1.78%.
\\n\\n
\\n\\n\\n\\n\",\"\\nWhile Japan is set on hosting the Tokyo Olympics and Paralympics just months from now, one Japanese hospital is begging for the nation to cancel the big event.https://t.co/zmYskFRfVf
\\n— TheStreet (@TheStreet) May 9, 2021
(Last update 6:11pm EST, May 9, 2021)
\\nAustralian dollar Friday at a glance – The Australian dollar recovered back to 0.7856 after dipping down to 0.784 in a session that started at 0.786.
\\nAustralian dollar chart analysis: Australian dollar broke through the 0.7759 support line and dropped 97 pips below it. 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 0.7867, indicating a downward move might be next. Japanese Candlesticks formations detected today are the "Shooting Star”, Whenever it appears on top of a bullish overall trend, some traders would consider this an indication of a reversal, of course.
\\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 gaining 1.89%.
\\n\\n
\\n\\n\\n\\n\\n\"],\"title\":\"Financial Markets Review – 9 May 2021 – 18:11:36\",\"date\":\"2021-05-09T22:11:36\"}"; var omg_ads = JSON.parse(decodeHtml(omg_ads_string)); } catch (e) { var omg_ads = JSON.parse(omg_ads_string); }While Japan is set on hosting the Tokyo Olympics and Paralympics just months from now, one Japanese hospital is begging for the nation to cancel the big event.https://t.co/zmYskFRfVf
\\n— TheStreet (@TheStreet) May 9, 2021
![](\\\"https://images.unsplash.com/photo-1579693409321-1be2df1ab130?ixlib=rb-1.2.1&q=80&fm=jpg&crop=entropy&cs=tinysrgb&w=1080&fit=max&ixid=eyJhcHBfaWQiOjE1NDYwM30\\\")
![](\\\"https://images.unsplash.com/photo-1596526131158-52be64dcc208?ixlib=rb-1.2.1&q=80&fm=jpg&crop=entropy&cs=tinysrgb&w=1080&fit=max&ixid=eyJhcHBfaWQiOjE1NDYwM30\\\")
![](\\\"https://images.unsplash.com/photo-1523474253046-8cd2748b5fd2?ixlib=rb-1.2.1&q=80&fm=jpg&crop=entropy&cs=tinysrgb&w=1080&fit=max&ixid=eyJhcHBfaWQiOjE1NDYwM30\\\")
![](\\\"https://images.unsplash.com/photo-1530133532239-eda6f53fcf0f?ixlib=rb-1.2.1&q=80&fm=jpg&crop=entropy&cs=tinysrgb&w=1080&fit=max&ixid=eyJhcHBfaWQiOjE1NDYwM30\\\")
![](\\\"https://images.unsplash.com/photo-1592096304832-62463bfdc822?ixlib=rb-1.2.1&q=80&fm=jpg&crop=entropy&cs=tinysrgb&w=1080&fit=max&ixid=eyJhcHBfaWQiOjE1NDYwM30\\\")
![](\\\"https://images.unsplash.com/photo-1572191267783-5618f992aff5?ixlib=rb-1.2.1&q=80&fm=jpg&crop=entropy&cs=tinysrgb&w=1080&fit=max&ixid=eyJhcHBfaWQiOjE1NDYwM30\\\")
![](\\\"https://images.unsplash.com/photo-1588196749597-9ff075ee6b5b?ixlib=rb-1.2.1&q=80&fm=jpg&crop=entropy&cs=tinysrgb&w=1080&fit=max&ixid=eyJhcHBfaWQiOjE1NDYwM30\\\")
![](\\\"https://images.unsplash.com/photo-1589388107017-6f60aad8387f?ixlib=rb-1.2.1&q=80&fm=jpg&crop=entropy&cs=tinysrgb&w=1080&fit=max&ixid=eyJhcHBfaWQiOjE1NDYwM30\\\")
![](\\\"https://images.unsplash.com/photo-1565061828011-282424b9ab40?ixlib=rb-1.2.1&q=80&fm=jpg&crop=entropy&cs=tinysrgb&w=1080&fit=max&ixid=eyJhcHBfaWQiOjE1NDYwM30\\\")
![](\\\"https://images.unsplash.com/photo-1550985543-f1ea83691cd8?ixlib=rb-1.2.1&q=80&fm=jpg&crop=entropy&cs=tinysrgb&w=1080&fit=max&ixid=eyJhcHBfaWQiOjE1NDYwM30\\\")
![](\\\"https://images.unsplash.com/photo-1585578030055-c6e244eb52c7?ixlib=rb-1.2.1&q=80&fm=jpg&crop=entropy&cs=tinysrgb&w=1080&fit=max&ixid=eyJhcHBfaWQiOjE1NDYwM30\\\")
![](\\\"https://images.unsplash.com/photo-1535990379313-5cd271a2da2d?ixlib=rb-1.2.1&q=80&fm=jpg&crop=entropy&cs=tinysrgb&w=1080&fit=max&ixid=eyJhcHBfaWQiOjE1NDYwM30\\\")
![](\\\"https://images.unsplash.com/photo-1584362917165-526a968579e8?ixlib=rb-1.2.1&q=80&fm=jpg&crop=entropy&cs=tinysrgb&w=1080&fit=max&ixid=eyJhcHBfaWQiOjE1NDYwM30\\\")
![](\\\"https://images.unsplash.com/photo-1533182390818-fb24be7ca4e7?ixlib=rb-1.2.1&q=80&fm=jpg&crop=entropy&cs=tinysrgb&w=1080&fit=max&ixid=eyJhcHBfaWQiOjE1NDYwM30\\\")
![](\\\"https://images.unsplash.com/photo-1543699539-33a389c5dcfe?ixlib=rb-1.2.1&q=80&fm=jpg&crop=entropy&cs=tinysrgb&w=1080&fit=max&ixid=eyJhcHBfaWQiOjE1NDYwM30\\\")
![](\\\"https://images.unsplash.com/photo-1516462919870-8bcf749b0135?ixlib=rb-1.2.1&q=80&fm=jpg&crop=entropy&cs=tinysrgb&w=1080&fit=max&ixid=eyJhcHBfaWQiOjE1NDYwM30\\\")
![](\\\"https://images.unsplash.com/photo-1534072700421-3100bd80c44d?ixlib=rb-1.2.1&q=80&fm=jpg&crop=entropy&cs=tinysrgb&w=1080&fit=max&ixid=eyJhcHBfaWQiOjE1NDYwM30\\\")
![](\\\"https://images.unsplash.com/photo-1593047385982-6779953820b0?ixlib=rb-1.2.1&q=80&fm=jpg&crop=entropy&cs=tinysrgb&w=1080&fit=max&ixid=eyJhcHBfaWQiOjE1NDYwM30\\\")
![](\\\"https://images.unsplash.com/photo-1579706966551-51df5f2b1572?ixlib=rb-1.2.1&q=80&fm=jpg&crop=entropy&cs=tinysrgb&w=1080&fit=max&ixid=eyJhcHBfaWQiOjE1NDYwM30\\\")
![](\\\"https://images.unsplash.com/photo-1549693578-dbdea046dd2f?ixlib=rb-1.2.1&q=80&fm=jpg&crop=entropy&cs=tinysrgb&w=1080&fit=max&ixid=eyJhcHBfaWQiOjE1NDYwM30\\\")
![](\\\"https://images.unsplash.com/photo-1580674286620-b87eb285aa75?ixlib=rb-1.2.1&q=80&fm=jpg&crop=entropy&cs=tinysrgb&w=1080&fit=max&ixid=eyJhcHBfaWQiOjE1NDYwM30\\\")
![](\\\"https://images.unsplash.com/photo-1538460330357-cf7b677772db?ixlib=rb-1.2.1&q=80&fm=jpg&crop=entropy&cs=tinysrgb&w=1080&fit=max&ixid=eyJhcHBfaWQiOjE1NDYwM30\\\")