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After starting the day at 0.9145, Dollar/Swiss up slightly to 0.9162 (up 17 pips)

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(Last update 10:11am EST, August 18, 2021)

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Light green, mostly flat: Dollar/Swiss ranging between 0.9165 and 0.9127 and is now at 0.9162.

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Chart visual study suggest Dollar/Swiss could be slowing down soon because its getting close and is now only 71 pips from resistance line at 0.9234, yet crossing it might suggest further gains are ahead. In terms of trend indicators, we can see that at 0.9162, Dollar/Swiss made an initial breakout above 50 day Simple Moving Average, an indication of a positive trend. 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. The MACD line is above the MACD signal line significantly, meaning medium-term trend might turn negative. 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 0.8236, a sign that possible further gains might be next.

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

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Dollar/Swiss started the year by gaining 3.31%.

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At 0.7245 Australian dollar trades above 0.725 level for the first time in 9 months.

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(Last update 10:11am EST, August 18, 2021)

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After starting at 0.7253 Aussie/Dollar gained 7 pips and trades above 0.725 level for the first time in 9 months.

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Chart visual study suggest Aussie/Dollar resistance level is at 0.7403. In terms of trend indicators, we can see that 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. The MACD line is below the MACD signal line significantly, meaning medium-term trend might turn positive. 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. Momentum evaluation shows The Relative Strength Index has gone below 30, going into oversold conditions and allowing more gains. Asset volatility analysis shows that Aussie/Dollar shows signs that further losses might be next, as it crossed the lower Bollinger band at 0.82 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 trend reversal. "Inverted 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 trend reversal. "Morning star”, whenever it appears on top of a bullish overall trend, some traders would consider this an indication of a trend reversal.

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

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Australian dollar has started this year by losing 6.06%.

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