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After three days of going down, Dollar/Swiss up 16 pips today

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(Last update 11:11am EST, August 19, 2021)

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Currently light green but with no clear-cut direction Dollar/Swiss trading at 0.9186 after ranging today between 0.9207 and 0.9145.

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Dollar/Swiss's graph levels to watch: Dollar/Swiss could be slowing down soon as it approaches resistance at 0.9234, of course crossing it might suggest further gains are ahead. In terms of trend indicators, we can see that although up today, it's worth noting that earlier Dollar/Swiss dropped below the 50 day Simple Moving Average as it was trading at 0.9162, usually an indication that a negative trend is ahead. The MACD line is above the MACD signal line significantly, meaning medium-term trend might turn negative. In contrast 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 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.

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Overall, looking at the technical analysis landscape, it seems a reverse of course in the short term might be next for Dollar/Swiss.

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Dollar/Swiss started the year by gaining 3.47%.

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Australian dollar bounces 13 pips from 9 months low

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(Last update 11:11am EST, August 19, 2021)

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After starting the day at 0.7234 Aussie/Dollar dropped to 0.7144, hitting its lowest point in 9 months, it later recovered 13 pips and is now trading at 0.7158.

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Important graph levels to look out for: 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 Australian dollar has just crossed the lower Bollinger band at 0.8162, indicating further loses might be next.

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Overall, technical indicators suggest Aussie/Dollar has no obvious direction for the immediate future.

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Australian dollar started the year by losing 6.32%.

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