![](\\\"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 5:12pm EST, May 10, 2021)
\\nS&P today at a glance – After a mostly steady session, S&P lost 44.17 points, closing at 4,188.43.
\\nThe S&P drawback takes place as
\\nIn terms of trend indicators, we can see that at 4,191, S&P made an initial breakout below the 10 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. Asset volatility analysis shows that the upper Bollinger band is at 4,227.42, indicating a further downward move might be next. However, S&P might start to recover soon because it is getting closer and is now only 53.49 points from the support line at 4,135, obviously dipping below it could be an indication that further losses are ahead. 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 – although indicators are mixed and some are pointing in different directions, it seems further drawbacks may be next for the S&P 500
\\nThe S&P 500 started 2021 by gaining 11.26%.
\\n\\n
\\n\\n\\n\\n\",\"\\nUS stocks ended lower on Monday, giving up earlier gains.
\\n📉 The Dow finished 0.1%, or 35 points lower
\\n📉 The S&P 500 fell just over 1%
\\n📉 The Nasdaq Composite tumbled 2.6%https://t.co/vLyKjWum6A
\\n— CNN Business (@CNNBusiness) May 10, 2021
(Last update 5:12pm EST, May 10, 2021)
\\nApple today at a glance – the mobile and tech colossus dropped 2.58% early on and stayed at the $126.85 range. Trading volume was 85.15 million, below the daily average of 88.38 million.
\\nApple is coming under pressure as
\\nIn terms of trend indicators, we can see that at $126.82, Apple made an initial breakout below the 50 day Simple Moving Average, an indication of a negative trend. The CCI indicator is bellow -100. When the CCI (Commodity Channel Index) is at this level, it means the price is below the average price as measured by the indicator, indicating a possible start of a new downtrend. Asset volatility analysis shows that Apple has just crossed the lower Bollinger band at $127.17, indicating further loses might be next In contrast, Apple might start to recover soon because it is getting closer and is now only $1.28 from the support line at $125.57, obviously dipping below it could be an indication that further losses are ahead. 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 – although indicators are mixed and some are pointing in different directions, it seems further drawbacks may be next for Apple.
\\nwith a market cap of $2.12 trillion, The sleek phone manufacturer started in 2021 by losing 1.9%. So far this year it is under-performing the Nasdaq by 8.18%.
\\n\\n
\\n\\n\\n\\n\",\"\\nUS stocks ended lower on Monday, giving up earlier gains.
\\n📉 The Dow finished 0.1%, or 35 points lower
\\n📉 The S&P 500 fell just over 1%
\\n📉 The Nasdaq Composite tumbled 2.6%https://t.co/vLyKjWum6A
\\n— CNN Business (@CNNBusiness) May 10, 2021
(Last update 5:12pm EST, May 10, 2021)
\\nThe social media company closed at $305.97 after making its largest single-day drop ($13.11) since November 2020.
\\nFacebook drawback takes place as
\\nchart visual study suggests that although Facebook is down today and was as low as $304.83, it seems to be recovering slightly and climbing away from the $296.52 support line and is now $9.45 above it. In terms of trend indicators, we can see that at $310.38, Facebook made an initial breakout below the 21 day Simple Moving Average, an indication of a negative trend.
\\nOverall, technical indicators suggest Facebook has no obvious direction for the immediate future.
\\nWith a market cap of $867.57 billion, The social media company started in 2021 by gaining 14.39%. So far this year it is outperforming the Nasdaq by 8.11%.
\\n\\n
\\n\\n\\n\\n\",\"\\nUS stocks ended lower on Monday, giving up earlier gains.
\\n📉 The Dow finished 0.1%, or 35 points lower
\\n📉 The S&P 500 fell just over 1%
\\n📉 The Nasdaq Composite tumbled 2.6%https://t.co/vLyKjWum6A
\\n— CNN Business (@CNNBusiness) May 10, 2021
(Last update 5:12pm EST, May 10, 2021)
\\nAfter starting at $3,291.61 Amazon dropped to $101.12 and traded below the $3,200 level for the first time in 5 weeks.
\\nAmazon is coming under pressure as
\\nIn terms of trend indicators, we can see that at $3,202.59, Amazon made an initial breakout below the 200 day Simple Moving Average, an indication of a negative trend. The CCI indicator is bellow -100. When the CCI (Commodity Channel Index) is at this level, it means the price is below the average price as measured by the indicator, indicating a possible start of a new downtrend. Asset volatility analysis shows that Amazon has just crossed the lower Bollinger band at $3,216.68, indicating further loses might be next In contrast, Amazon might start to recover soon because it is getting closer and is now only $53 from the support line at $3,137.5, Obviously, dipping below it could be an indication that further losses are ahead. The Relative Strength Index has gone below 30, going into oversold conditions and allowing more 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 Amazon.
\\nwith a market cap of $1.61 trillion, Jeff Bezos’s company started in 2021 by gaining 1.05%. So far this year it is under-performing the Nasdaq by 5.23%.
\\n\\n
\\n\\n\\n\\n\",\"\\nUS stocks ended lower on Monday, giving up earlier gains.
\\n📉 The Dow finished 0.1%, or 35 points lower
\\n📉 The S&P 500 fell just over 1%
\\n📉 The Nasdaq Composite tumbled 2.6%https://t.co/vLyKjWum6A
\\n— CNN Business (@CNNBusiness) May 10, 2021
(Last update 1:26pm EST, May 10, 2021)
\\nThe software giant slid down from $252.46 to $250.21, losing $2.25 (0.89%).
\\nThe Chart pattern study shows Microsoft immediate support is around $249.51, resistance level is at $261.97. 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.
\\nOverall, looking at the technical analysis landscape, it seems Microsoft might start pointing upward in the short term.
\\nWith a market cap of $1.88 trillion, The software giant started in 2021 by gaining 11.9%. So far this year it is outperforming the Nasdaq by 5.62%.
\\n\\n
\\n\\n\\n\\n\",\"\\nChinese electric vehicle maker Nio is betting that battery swapping will play a critical role in its challenge to Tesla in the world’s biggest car market https://t.co/hfPj7Za2Ky
\\n— Financial Times (@FinancialTimes) May 10, 2021
(Last update 1:26pm EST, May 10, 2021)
\\nThe search engine giant remains in the $2,357.5 range after starting the session at $2,398.69 and dropping 1.72%.
\\nAsset volatility analysis shows that a slight indication of recovery comes from looking at the Bollinger bands: the lower band is at $2,303.17 – a low enough level to usually suggest Google is trading below its value.
\\nOverall, looking at the technical analysis landscape, it seems Google might start pointing upward in the short term.
\\nWith a market cap of $1.56 trillion, The search engine giant started in 2021 by gaining 26.97%. So far this year it is outperforming the Nasdaq by 20.69%.
\\n\\n
\\n\\n\\n\\n\",\"\\nChinese electric vehicle maker Nio is betting that battery swapping will play a critical role in its challenge to Tesla in the world’s biggest car market https://t.co/hfPj7Za2Ky
\\n— Financial Times (@FinancialTimes) May 10, 2021
(Last update 1:26pm EST, May 10, 2021)
\\nThe trendy electric car company was trading at $640.15 after dropping by 4.79% its largest single-day drop since Mar 24
\\nChart visual study suggest Tesla might start to recover soon because it is getting closer and is now only $28.86 from the support line at $611.29, 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 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 Tesla is in oversold condition, allowing more gains. Asset volatility analysis shows that a slight indication of recovery comes from looking at the Bollinger bands: the lower band is at $634.24 – a low enough level to usually suggest Tesla is trading below its value. 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.
\\nOverall, the technical analysis suggests Tesla is neutral for the immediate future, with no clear-cut direction.
\\nWith a market cap of $616.68 billion, The trendy electric car company has started 2021 by losing 5%. So far this year it is under-performing the Nasdaq by 11.28%.
\\n\\n
\\n\\n\\n\\n\",\"\\nChinese electric vehicle maker Nio is betting that battery swapping will play a critical role in its challenge to Tesla in the world’s biggest car market https://t.co/hfPj7Za2Ky
\\n— Financial Times (@FinancialTimes) May 10, 2021
(Last update 1:27pm EST, May 10, 2021)
\\nThe video communications platform provider dropped 1.61% early on and is steadied at the $290.49 range.
\\nA study of Zoom's chart pattern shows Zoom's immediate support is around $290.4, resistance level is at $308.39. 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 Zoom is in strong oversold condition. In contrast, a slight indication of recovery comes from looking at the Bollinger bands: the lower band is at $279.8 – a low enough level to usually suggest Zoom 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 Zoom.
\\nwith a market cap of $85.54 billion, The video communications platform provider started in 2021 by losing 14.25%. So far this year it is under-performing the Nasdaq by 20.53%.
\\n\\n
\\n\\n\\n\\n\",\"\\nChinese electric vehicle maker Nio is betting that battery swapping will play a critical role in its challenge to Tesla in the world’s biggest car market https://t.co/hfPj7Za2Ky
\\n— Financial Times (@FinancialTimes) May 10, 2021
(Last update 1:27pm EST, May 10, 2021)
\\nThe streaming heavyweight remains in the $495.82 range after starting the session at $503.84 and dropping 1.59%.
\\nThe Chart pattern study shows Netflix's immediate support is around $489.64, resistance level is at $535.09. 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 a slight indication of recovery comes from looking at the Bollinger bands: the lower band is at $493.76 – a low enough level to usually suggest Netflix is trading below its value.
\\nOverall, the technical analysis suggests Netflix is neutral for the immediate future, with no clear-cut direction.
\\nWith a market cap of $219.85 billion, The streaming company started 2021 by losing 7.32%. So far this year it is under-performing the Nasdaq by 13.6%.
\\n\\n
\\n\\n\\n\\n\",\"\\nChinese electric vehicle maker Nio is betting that battery swapping will play a critical role in its challenge to Tesla in the world’s biggest car market https://t.co/hfPj7Za2Ky
\\n— Financial Times (@FinancialTimes) May 10, 2021
(Last update 5:31pm EST, May 10, 2021)
\\nWalmart today at a glance – the discount department and warehouse store chain rallied 0.44% and maintained at $140.82 level. Trading volume was 8.30 million, above the daily average of 6.36 million.
\\nThe chart pattern study shows Walmart broke through the $141.2 resistance and climbed 37 cents above it. In terms of trend indicators, we can see that at $140.94, Walmart made an initial breakout above the 5 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 $142.54 – a high enough level to usually suggest Walmart is trading above its value.
\\nOverall, technical indicators suggest Walmart has no obvious direction for the immediate future.
\\nWith a market cap of $396.19 billion, The discount department and warehouse stores chain started in 2021 by losing 2.82%. So far this year it is under-performing the Dow Jones by 14.81%.
\\n\\n
\\n\\n\\n\\n\",\"\\nBioNTech said that it and U.S. partner Pfizer have committed to delivering 1.8 billion doses of their COVID-19 vaccine this year, up from 1.4 billion doses announced in March https://t.co/6ldcG5XORv pic.twitter.com/XbbRcp1FGb
\\n— Reuters (@Reuters) May 10, 2021
(Last update 5:31pm EST, May 10, 2021)
\\nThe consumer goods corporation closed at $137.67 after it made its largest daily jump ($2.52) since Mar 5
\\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 Procter & Gamble is in strong overbought condition. Asset volatility analysis shows that Procter & Gamble has just crossed the upper Bollinger band at $137.59, indicating further gains might be next.
\\nOverall, looking at the technical analysis landscape, it seems Procter & Gamble might continue pointing upwards in the short term.
\\nWith a market cap of $337.05 billion, The consumer goods corporation started in 2021 by losing 2.95%. So far this year it is under-performing the Dow Jones by 14.94%.
\\n\\n
\\n\\n\\n\\n\",\"\\nBioNTech said that it and U.S. partner Pfizer have committed to delivering 1.8 billion doses of their COVID-19 vaccine this year, up from 1.4 billion doses announced in March https://t.co/6ldcG5XORv pic.twitter.com/XbbRcp1FGb
\\n— Reuters (@Reuters) May 10, 2021
(Last update 5:31pm EST, May 10, 2021)
\\nWalt Disney today at a glance – after starting today at $184.84 Walt Disney went up to $186.97 only to drop back to the half way point range, closing at $184.3. Trading volume was 8.11 million, above the daily average of 5.95 million.
\\nChart visual study suggest Walt Disney might start to recover soon because it is getting close and is now only $2.79 from the support line at $181.51, 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 $184.82 Walt Disney did peak above the 21 day Simple Moving Average earlier, usually an indication that a positive move is maybe ahead. In contrast, the upper Bollinger band at $186.91, 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 Walt Disney might reverse course and start pointing upward in the short term.
\\nWith a market cap of $334.55 billion, The entertainment giant started in 2021 by gaining 1.98%. So far this year it is under-performing the Dow Jones by 10%.
\\n\\n
\\n\\n\\n\\n\",\"\\nBioNTech said that it and U.S. partner Pfizer have committed to delivering 1.8 billion doses of their COVID-19 vaccine this year, up from 1.4 billion doses announced in March https://t.co/6ldcG5XORv pic.twitter.com/XbbRcp1FGb
\\n— Reuters (@Reuters) May 10, 2021
(Last update 5:31pm EST, May 10, 2021)
\\nStarting the session at $54.51, the soft drinks giant rallied above $55.49 for the first time in 1 year, gaining 39 cents, and closed at $54.91.
\\nCoca-Cola chart analysis: Coca-Cola immediate resistance is around $55.09, nearest support level is at $53.58. Momentum evaluation shows The Relative Strength Index shows Coca-Cola has gone up above 70 going into overbought territory. Asset volatility analysis shows that the upper Bollinger band is at $55, This is a slight indication of a slowdown. In contrast, 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 Coca-Cola
\\nwith a market cap of $236.75 billion, The soft drinks giant started 2021 by losing 0.61%. So far this year it is under-performing the Dow by 12.6%.
\\n\\n
\\n\\n\\n\\n\",\"\\nBioNTech said that it and U.S. partner Pfizer have committed to delivering 1.8 billion doses of their COVID-19 vaccine this year, up from 1.4 billion doses announced in March https://t.co/6ldcG5XORv pic.twitter.com/XbbRcp1FGb
\\n— Reuters (@Reuters) May 10, 2021
(Last update 5:31pm EST, May 10, 2021)
\\nPfizer today at a glance – after starting today at $39.58 Pfizer went up to $40.28 only to drop back to the half way point range, closing at $39.86. Trading volume was 24.86 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 gained 0.08%.
\\nThe Chart pattern study shows Pfizer's immediate resistance is around $39.95, nearest support level is at $39.53. Asset volatility analysis shows that a slight indication of a slowdown comes from looking at the Bollinger bands: the upper band is at $40.4 – 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 reverse course and start pointing down in the short term.
\\nWith a market cap of $222.35 billion, The pharmaceuticals and biotechnology company started in 2021 by gaining 7%. So far this year it is under-performing the Dow by 5%.
\\n\\n
\\n\\n\\n\\n\",\"\\nBioNTech said that it and U.S. partner Pfizer have committed to delivering 1.8 billion doses of their COVID-19 vaccine this year, up from 1.4 billion doses announced in March https://t.co/6ldcG5XORv pic.twitter.com/XbbRcp1FGb
\\n— Reuters (@Reuters) May 10, 2021
(Last update 6:01pm EST, May 10, 2021)
\\nMcDonald's today at a glance – the fast food giant went up to $237.11 and gained $2.27 compared to the $234.84 start of the day (0.97%). Trading volume was 1.97 million, below the daily average of 2.22 million.
\\nMcDonald's went up as
\\nThe chart pattern study shows McDonald'ss immediate resistance is around $238.31, nearest support level is at $232.61. 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 $237.21, This is a slight indication of a slowdown.
\\nOverall, technical indicators suggest McDonald's has no obvious direction for the immediate future.
\\nWith a market cap of $176.93 billion, The fast food giant started in 2021 by gaining 8.63%. So far this year it is under-performing the Dow Jones by 3.36%.
\\n\\n
\\n\\n\\n\\n\",\"\\nPemex is racking up millions of dollars in late payments to oil companies as it struggles to generate cash amid skyrocketing debt and weaker crude sales https://t.co/DkbIXAKeAL
\\n— Bloomberg (@business) May 10, 2021
(Last update 6:01pm EST, May 10, 2021)
\\nLate in the session, Bitcoin lost $2,584(4.41%), currently trading at $55,700
\\nThe Bitcoin drawback takes place as
\\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 $56,867, 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 1.04 trillion, Bitcoin started in 2021 by gaining 49.51%.
\\n\\n
\\n\\n\\n\\n\",\"\\nPemex is racking up millions of dollars in late payments to oil companies as it struggles to generate cash amid skyrocketing debt and weaker crude sales https://t.co/DkbIXAKeAL
\\n— Bloomberg (@business) May 10, 2021
(Last update 6:01pm EST, May 10, 2021)
\\nGold is trading at $1,836.6 having started the day at $1,835.4, overall a 0.05% move or $1 today.
\\nGold is flat while
\\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 Gold is in overbought condition, Keep an eye out for a slowdown of gains. However, the upper Bollinger band is at $1,831.7, 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 3.32%.
\\n\\n
\\n\\n\\n\\n\",\"\\nPemex is racking up millions of dollars in late payments to oil companies as it struggles to generate cash amid skyrocketing debt and weaker crude sales https://t.co/DkbIXAKeAL
\\n— Bloomberg (@business) May 10, 2021
(Last update 6:01pm EST, May 10, 2021)
\\nOil is down to $64.85 having started the day at $65.24, overall a 0.6% loss or 39 cents today.
\\nCrude oil drawbacks take place as
\\nAsset volatility analysis shows that the upper Bollinger band is at $66.59, 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 in 2021 by gaining 25%.
\\n\\n
\\n\\n\\n\\n\",\"\\nPemex is racking up millions of dollars in late payments to oil companies as it struggles to generate cash amid skyrocketing debt and weaker crude sales https://t.co/DkbIXAKeAL
\\n— Bloomberg (@business) May 10, 2021
(Last update 6:01pm EST, May 10, 2021)
\\nAfter starting the day at 1.2129 Euro/Dollar went up to 1.2135 only to drop back to the half way point range and is now trading at 1.2131.
\\nThe Euro/Dollar is flat while
\\nIn terms of trend indicators, we can see that at 1.2129, Euro 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 1.2186, indicating a downward move might be next. On the other hand, note that the Euro/Dollar might start to recover soon because it is getting close and is now only 125 pips from the support line at 1.2006, Obviously, dipping below it could be an indication that further losses are ahead.
\\nOverall, looking at the technical analysis landscape, it seems the Euro/Dollar might be pointing down in the short term.
\\nThe Euro/Dollar started 2021 by losing 0.49%.
\\n\\n
\\n\\n\\n\\n\",\"\\nPemex is racking up millions of dollars in late payments to oil companies as it struggles to generate cash amid skyrocketing debt and weaker crude sales https://t.co/DkbIXAKeAL
\\n— Bloomberg (@business) May 10, 2021
(Last update 6:11pm EST, May 10, 2021)
\\nAfter starting at 1.4118 GBP/USD gained 6 pips and traded above the 1.41 level for the first time in 2 months.
\\nThe pound is flat while
\\nAs the day reaches an end, a chart visual study suggests The Pound is climbing away and is now 219 pips from the 1.3905 support line. 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 1.4084, indicating gains might be next In contrast, The Relative Strength Index shows the Pound has gone up above 70 going into overbought territory.
\\nOverall, looking at the technical analysis landscape, it seems The Pound might be pointing upward in the short term.
\\nThe British Pound started in 2021 by gaining 2.23%.
\\n\\n
\\n\\n\\n\\n\",\"\\nIrish trade groups hope that Brexit will push Irish chains to source more products locally, and replace UK supply hubs with local depots, creating new jobs https://t.co/IMzLOzOeI3
\\n— The Economist (@TheEconomist) May 10, 2021
(Last update 6:11pm EST, May 10, 2021)
\\nThe Yen is trading at 108.83 with no clear-cut direction, ranging between 108.87 and 108.79.
\\nThe Yen is flat while
\\nAs the day reaches an end, a chart visual study suggests the dollar/yen might start to recover soon because it is getting close and is now only 97 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 108.94, Yen made an initial breakout above the 5 day Simple Moving Average, an indication of a positive trend. However, the upper Bollinger band is at 109.56, indicating a downward move might be next.
\\nOverall, looking at the technical analysis landscape, it seems the Dollar/Yen might be pointing upward in the short term.
\\nThe Dollar/Yen started 2021 by gaining 4.92%.
\\n\\n
\\n\\n\\n\\n\",\"\\nIrish trade groups hope that Brexit will push Irish chains to source more products locally, and replace UK supply hubs with local depots, creating new jobs https://t.co/IMzLOzOeI3
\\n— The Economist (@TheEconomist) May 10, 2021
(Last update 6:11pm EST, May 10, 2021)
\\nAfter opening at 0.9011, Dollar/Swiss dropped to its lowest point in 2 months at 0.9. It later recovered 11 pips and closed at 0.9011.
\\nSwiss franc is flat while
\\nAs the day reaches an end, a chart visual study suggests the Dollar/Swiss resistance level is at 0.924. Momentum evaluation shows The Relative Strength Index indicates the Dollar/Swiss is in strong oversold condition. Asset volatility analysis shows that the lower Bollinger band is at 0.8973, indicating a positive move might be next.
\\nOverall, technical indicators suggest the Dollar/Swiss has no obvious direction for the immediate future.
\\nDollar/Swiss started in 2021 by gaining 1.78%.
\\n\\n
\\n\\n\\n\\n\",\"\\nIrish trade groups hope that Brexit will push Irish chains to source more products locally, and replace UK supply hubs with local depots, creating new jobs https://t.co/IMzLOzOeI3
\\n— The Economist (@TheEconomist) May 10, 2021
(Last update 6:11pm EST, May 10, 2021)
\\nAlthough starting the trading session strong, rising from 0.7833 to 0.7836, Aussie/Dollar dropped back and is now priced at 0.7831.
\\nThe Aussie/Dollar is flat while
\\nAs the day reaches an end, a chart visual study suggests the Aussie/Dollar might start to recover soon because it is getting close and is now only 71 pips from the support line at 0.7759, Obviously, dipping below it could be an indication that further losses are ahead. Asset volatility analysis shows that the upper Bollinger band is at 0.7877, indicating a downward move might be next.
\\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 1.91%.
\\n\\n
\\n\\n\\n\\n\\n\"],\"title\":\"Financial Markets Review – 10 May 2021 – 18:11:38\",\"date\":\"2021-05-10T22:11:39\"}"; var omg_ads = JSON.parse(decodeHtml(omg_ads_string)); } catch (e) { var omg_ads = JSON.parse(omg_ads_string); }Irish trade groups hope that Brexit will push Irish chains to source more products locally, and replace UK supply hubs with local depots, creating new jobs https://t.co/IMzLOzOeI3
\\n— The Economist (@TheEconomist) May 10, 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-1432888622747-4eb9a8efeb07?ixlib=rb-1.2.1&q=80&fm=jpg&crop=entropy&cs=tinysrgb&w=1080&fit=max&ixid=eyJhcHBfaWQiOjE1NDYwM30\\\")
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