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A slow down? after three days of going up, Dollar/Swiss is flat today, hovering around 0.9128.

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(Last update 3:11pm EST, August 24, 2021)

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A mostly flat day so far for Dollar/Swiss ranging between 0.9139 and 0.9111 and is now at 0.9128.

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Important graph levels to look out for: Dollar/Swiss might start to recover soon because it is getting close and is now only 86 pips from support line at 0.9042, obviously dipping below it could be an indication that further losses are ahead. In terms of trend indicators, we can see that at 0.9121, Dollar/Swiss made an initial breakout below the 200 day Simple Moving Average, an indication of a negative 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's upper Bollinger band is at 0.8205, a sign that possible 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%.

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Aussie/Dollar moves up to 0.7255 (a 0.59% gain) after starting the day at 0.7212

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(Last update 3:11pm EST, August 24, 2021)

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Hesitant but green: from an earlier low of 0.72, Aussie/Dollar is up to 0.7255 gaining 42 pips compared to the 0.7212 start of the day (0.59%).

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Aussie/Dollar's graph levels to watch: nearest resistance level is at 0.7403. In terms of trend indicators, we can see that at 0.7228, Aussie/Dollar made an initial breakout above 10 day Simple Moving Average, an indication of a positive trend. 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 has just crossed the lower Bollinger band at 0.8229, indicating downward correction might be next

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overall, technical indicators suggest Australian dollar has no obvious direction for the immediate future.

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Aussie/Dollar started the year by losing 6.75%.

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