Trend reversal? After five days of going down, Dollar/Yen up 16 pips today

\\n

(Last update 4:11am EST, May 19, 2021)

\\n

Hesitant but green: from an earlier low of 108.83, dollar/yen is up to 109.06, gaining 16 pips compared to 108.89 at the start of the day (0.15%).

\\n

A study of the Dollar/Yen's graph shows key levels to watch: Dollar/Yen nearest support level is at 107.86. In terms of trend indicators, we can see that although up today, it's worth noting that earlier the dollar/yen dropped below the 21 day Simple Moving Average as it was trading at 108.93, usually an indication that a negative trend is ahead. Asset volatility analysis shows that the upper Bollinger band is at 109.76, This is a slight indication of a slowdown.

\\n

Overall, looking at the technical analysis landscape, it seems the Dollar/Yen is likely to reverse course and start pointing down in the short term.

\\n

The Dollar/Yen started in 2021 by gaining 5.5%.

\\n

\\n
Indian variant's transmissibility edge might be smaller than feared, UK expert says https://t.co/MBh0JrJDEX pic.twitter.com/xGYLXNuOYQ
\\n
— Reuters (@Reuters) May 19, 2021

\\n

\\n\",\"\\n

At 0.8967 Dollar/Swiss down to its lowest value in 2 months

\\n

(Last update 4:11am EST, May 19, 2021)

\\n

Having started at 0.8979 dollar/swissssss dropped to 0.8967, hitting its lowest point in 2 months, later it recovered 32 pips and is now trading at 0.9

\\n

The Chart pattern study shows Dollar/Swiss is eyeing resistance at 0.9089 and is now only 87 pips away, whilst this indicates a slow down or reverse of direction around 0.9089, crossing it might suggest a prolonged positive move. Asset volatility analysis shows that the lower Bollinger band is at 0.8954, indicating further gains might be next.

\\n

Overall, the technical analysis suggests Dollar/Swiss is neutral for the immediate future, with no clear-cut direction.

\\n

Dollar/Swiss started in 2021 by gaining 2.03%.

\\n

\\n
Indian variant's transmissibility edge might be smaller than feared, UK expert says https://t.co/MBh0JrJDEX pic.twitter.com/xGYLXNuOYQ
\\n
— Reuters (@Reuters) May 19, 2021

\\n

\\n\",\"\\n

Aussie/Dollar withdraws to 0.7763 after starting the day at 0.7792 (down 0.37%)

\\n

(Last update 4:12am EST, May 19, 2021)

\\n

The Australian dollar dropped from 0.7792 to 0.7763, losing 28 pips (0.37%).

\\n

Important graph levels to look out for: Australian dollar fell below the 0.7759 support zone and receded 4 pips away from it, next resistance level is at 0.7651. In terms of trend indicators, we can see that at 0.7773, Australian dollar made an initial breakout below the 21 day Simple Moving Average, an indication of a negative trend. However, a slight indication of recovery comes from looking at the Bollinger bands: the lower band is at 0.7705 – a low enough level to usually suggest the Aussie/Dollar is trading below its value.

\\n

Overall, 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.

\\n

The Aussie/Dollar started 2021 by gaining 0.95%.

\\n

\\n
Indian variant's transmissibility edge might be smaller than feared, UK expert says https://t.co/MBh0JrJDEX pic.twitter.com/xGYLXNuOYQ
\\n
— Reuters (@Reuters) May 19, 2021

\\n

\\n\\n\"],\"title\":\"Financial Markets Review – 19 May 2021 – 22:11:25\",\"date\":\"2021-05-20T02:11:25\"}"; var omg_ads = JSON.parse(decodeHtml(omg_ads_string)); } catch (e) { var omg_ads = JSON.parse(omg_ads_string); }

Next page ➜