\\n

\\n\",\"\\n

Dollar/Swiss continues a six day positive streak and is up 43 pips to 0.9181

\\n

(Last update 4:11pm EST, August 26, 2021)

\\n

\\n

Hesitant but green: from an earlier low of 0.9128, Dollar/Swiss is up to 0.9181 gaining 43 pips compared to the 0.9138 start of the day (0.47%).

\\n

As the day reaches an end a chart visual study suggests 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 at 0.9153, Dollar/Swiss made an initial breakout above 50 day Simple Moving Average, an indication of a positive trend. 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 0.822, a sign that possible further gains might be next.

\\n

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

\\n

Dollar/Swiss has started this year by gaining 3.26%.

\\n\",\"\\n

Aussie/Dollar slips to 0.7239 (down 38 pips) after starting the day at 0.7277

\\n

(Last update 4:11pm EST, August 26, 2021)

\\n

\\n

Aussie/Dollar crashes after losing 38 pips, breaking down to 0.7239.

\\n

As the day reaches an end a chart visual study suggests Australian dollar nearest support level is at 0.7108. In terms of trend indicators, we can see that at 0.7248, Australian dollar made an initial breakout below the 3 day Simple Moving Average, an indication of a negative trend. 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 0.8227 On the other hand note that the MACD line is below the MACD signal line significantly, meaning medium-term trend might turn positive. The Relative Strength Index has gone below 30, going into oversold conditions and allowing more gains.

\\n

Overall, 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.

\\n

Aussie/Dollar started the year by losing 5.49%.

\\n\\n\"],\"title\":\"Financial Markets Review – 26 August 2021 – 16:11:22\",\"date\":\"2021-08-26T20:11:22\"}"; var omg_ads = JSON.parse(decodeHtml(omg_ads_string)); } catch (e) { var omg_ads = JSON.parse(omg_ads_string); }