\\n
\\n\",\"\\n(Last update 3:11pm EST, June 16, 2021)
\\n\\nAfter dipping down to 109.8, Dollar/Yen regains earlier losses, reaching 110.42.
\\nChart visual study suggest Dollar/Yen nearest support level is at 108.77. In terms of trend indicators, we can see that the CCI indicator is above 100. When the CCI (Commodity Channel Index) is at this level it means the price is above the average price as measured by the indicator, indicating a possible start of a new uptrend. Momentum evaluation shows The Relative Strength Index indicates Dollar/Yen is in strong overbought condition. Asset volatility analysis shows that Dollar/Yen has just crossed the upper Bollinger band at 110.32, indicating further gains might be next. However although up today, it's worth noting that earlier Dollar/Yen dropped below the 5 day Simple Moving Average as it was trading at 109.81, usually an indication that a negative trend is ahead.
\\nOverall, looking at the technical analysis landscape, it seems Dollar/Yen likely to continue pointing upward in the short term.
\\nDollar/Yen has started this year by gaining 6.22%.
\\n\\n
\\n\\n\\n\\n\",\"\\nJapan is expected to ease a coronavirus state of emergency in Tokyo and other areas this weekend, ahead of the Olympics. In Tokyo, new infections are down to 500 per day from above 1,100 in mid-May. The Olympics begin July 23. https://t.co/EAnanQFJa5
\\n— The Associated Press (@AP) June 16, 2021
(Last update 3:11pm EST, June 16, 2021)
\\n\\nDollar/Swiss trades at 0.9052 after it made its largest daily jump of 72 pips (0.8%) since Apr 9.
\\nIn terms of trend indicators, we can see that at 0.9047, Dollar/Swiss made an initial breakout above 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. Asset volatility analysis shows that Dollar/Swiss has crossed the upper Bollinger band at 0.9034, a sign that possible further gains might be next. However Dollar/Swiss could be slowing down soon because its getting close and is now only 37 pips from resistance line at 0.9089, yet crossing it might suggest further gains are ahead.
\\nOverall, looking at the technical analysis landscape, it seems Dollar/Swiss likely to continue pointing upward in the short term.
\\nDollar/Swiss has started this year by gaining 1.49%.
\\n\",\"\\n(Last update 3:11pm EST, June 16, 2021)
\\n\\nAfter opening at 0.7688, Aussie/Dollar dropped to its lowest point in 2 months at 0.7609. It later recovered 27 pips and closed at 0.7636.
\\nAustralian dollar's graph levels to watch: Aussie/Dollar fell below the 0.7673 support zone and receded 36 pips away from it. In terms of trend indicators, we can see that 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 Australian dollar shows signs that further losses might be next, as it crossed the lower Bollinger band at 0.7656 On the other hand note that although down today, it's worth noting that in earlier trading Australian dollar peaked above the 0.7711, usually an indication that a positive move is maybe 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 drawback may be next for Aussie/Dollar.
\\nAussie/Dollar started the year by losing 0.11%.
\\n\\n\"],\"title\":\"Financial Markets Review – 16 June 2021 – 15:11:25\",\"date\":\"2021-06-16T19:11:25\"}"; var omg_ads = JSON.parse(decodeHtml(omg_ads_string)); } catch (e) { var omg_ads = JSON.parse(omg_ads_string); }