![](\\\"https://images.unsplash.com/photo-1534469589579-86bd01bc003a?ixlib=rb-1.2.1&q=80&fm=jpg&crop=entropy&cs=tinysrgb&w=1080&fit=max&ixid=eyJhcHBfaWQiOjE1NDYwM30\\\")
The Nasdaq yesterday at a glance – The NASDAQ recovered back to 13,403.4 after dipping down to 13,132.47 in a session that started at 13,403.4.
\\nThis limbo state for Nasdaq is reflected by market data published as United States ISM Manufacturing PMI (Jan) fell short of the 60 projections, at 58.7 and continued its downward trajectory from the previous figure of 60.5. The United States ISM Manufacturing Employment (Jan) released yesterday at 3:00 PM with a figure of 52.6, This is better than the previous number of 51.7. Released yesterday at 2:45 PM, United States's Manufacturing PMI showed an uptick, coming in at 59.2, up from the previous number of 59.1.
\\nThe Chart pattern study shows the Nasdaq is climbing away and is now 503.97 points from the 12,899.42 support line. In terms of trend indicators, we can see that the MACD line is below the MACD signal line significantly, meaning the medium-term trend might turn positive.
\\nOverall, looking at the technical analysis landscape, it seems the Nasdaq might start pointing upward in the short term.
\\nWhile the Nasdaq was pretty flat yesterday, mixed performances were seen elsewhere as Microsoft made its largest single-day gain ($9.98) since August 2020. Google made some headway from $1,835.74 to $1,901.35 (3.57%, $65.61).
\\nData to be released later might clear up some of the fog for the Nasdaq as United States ADP Nonfarm Employment Change (Jan) projected to outperform last figure with 45,000 while it previously stood at -123,000, data will be released tomorrow at 1:15 PM. United States Crude Oil Inventories are projected to outperform last figure with 367,000, while it previously stood at -9.91 million, data will be released tomorrow at 3:30 PM. The United States ISM Non-Manufacturing PMI (Jan) expected to decline to 56.8, while its preceding data was 57.7, Data will be available tomorrow at 3:00 PM.
\\nNasdaq social media highlights:
\\n\\n\\n\\n\\n\",\"\\nUS stocks started February on a better note, chipping away at some of the recent losses.
\\nThe Dow ended up 0.8%, or 229 points, while the broader S&P 500 closed 1.6% higher in its best day since November. The Nasdaq Composite closed up 2.6%. https://t.co/oZx7MrhHOZ
\\n— CNN Business (@CNNBusiness) February 1, 2021
(Last update 4:51am EST, February 2, 2021)
\\nDow yesterday at a glance – With a daily low of 30,015, Dow Jones closed at 30,212 after starting the day at 29,982.62 and gaining 229.38 points (0.76%).
\\nVisual analysis of the Dow's price graph shows the nearest resistance level is at 31,188.38. In terms of trend indicators, we can see that the MACD line is below the MACD signal line significantly, meaning the medium-term trend might turn positive. Asset volatility analysis shows that the lower Bollinger band is at 30,073.21, indicating further gains might be next. Japanese Candlesticks formations detected today are the "Bullish harami”, when it appears on top of a bearish overall trend, as it is now, some traders would consider this as an indication of a reversal, of course. However, the CCI indicator is below -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.
\\nOverall, looking at the technical analysis landscape, it seems Dow Jones is likely to continue pointing upward in the short term.
\\nThe Dow started 2021 by gaining 1.1%.
\\n\\n
\\n\\n\\n\\n\",\"\\nThe Dow jumped 250 points today, but GameStop's market value plunged $7 billion as shorts cash out https://t.co/hfccRmEmJa pic.twitter.com/IEzy7zguYW
\\n— Forbes (@Forbes) February 1, 2021
(Last update 4:51am EST, February 2, 2021)
\\nS&P yesterday at a glance – S&P 500 gained 59.76 points and stayed at 3,774 levels.
\\nVisual analysis of the S&P 500's price graph shows S&P immediate resistance is around 3,797, nearest support level is at 3,700.65. In terms of trend indicators, we can see that the MACD line is below the MACD signal line significantly, meaning the medium-term trend might turn positive. Asset volatility analysis shows that the lower Bollinger band is at 3,714.45, indicating further gains might be next.
\\nOverall, looking at the technical analysis landscape, it seems the S&P 500 might continue pointing upwards in the short term.
\\nThe S&P 500 started 2021 by gaining 2.52%.
\\n\",\"\\n(Last update 4:51am EST, February 2, 2021)
\\nApple yesterday at a glance – After starting yesterday at $131.96 Apple went up to $135.38 only to drop back to the half way point range, closing at $134.14. Trading volume was 104.21 million, below the daily average of 114.60 million.
\\nWednesday, Apple released its quarterly earnings, beating analysts' estimates. The company reported earnings of 1.68 per share on revenue of $111.44 billion, topping estimates of 1.41 per share on revenue of $102.54 billion. Since the release of its earnings report, Apple lost $9.02.
\\nThe Chart visual study suggests Apple's immediate resistance is around $136.04, nearest support level is at $126.6. In terms of trend indicators, we can see that even though currently pointing up, the 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.
\\nOverall, looking at the technical analysis landscape, it seems Apple is likely to reverse course and start pointing down in the short term.
\\nWith a market cap of $2.25 trillion Apple started 2021 by gaining 7.93%. So far this year it is outperforming the S&P by 5.41%.
\\n\\n
\\n\\n\\n\\n\",\"\\nApple’s quarterly sales exceed $100bn for the first time https://t.co/mnZcB1exsU
\\n— The Economist (@TheEconomist) February 2, 2021
(Last update 4:51am EST, February 2, 2021)
\\nFacebook yesterday at a glance – Hesitant but green: from an early low of $254.91, Facebook went up to $262 and gained $3.67 compared to the $258.33 start of the day (1.42%). Trading volume was 20.95 million, below the daily average of 25.52 million.
\\nWednesday, Facebook released its quarterly earnings, beating analysts' estimates. The company reported earnings of 3.88 per share on revenue of $28.07 billion, topping estimates of 3.16 per share on revenue of $26.31 billion. Since the release of its earnings report, Facebook lost $20.05.
\\nVisual analysis of Facebook's price graph shows Facebook's immediate resistance is around $265.82, nearest support level is at $245.64. Japanese Candlesticks formations detected today are the "Bullish harami”, when it appears on top of a bearish overall trend, as it is now, some traders would consider this as an indication of a reversal, of course.
\\nOverall, looking at the technical analysis landscape, it seems Facebook might continue pointing upwards in the short term.
\\nWith a market cap of $746.12 billion Facebook started in 2021 by gaining 3.44%. So far this year it is outperforming the S&P 500 by 0.92%.
\\n\\n
\\n\\n\\n\\n\",\"\\nFacebook strikes back against Apple privacy change, prompts users to accept tracking for 'better ads experience' https://t.co/AAF7C2Vhyy
\\n— CNBC (@CNBC) February 1, 2021
(Last update 4:51am EST, February 2, 2021)
\\nAmazon yesterday at a glance – Hesitant but green: from an early low of $3,235, Amazon went up to $3,343 and gained $136.8 compared to the $3,206.2 start of the day (4.26%). Trading volume was 4.16 million, above the daily average of 3.77 million.
\\nAmazon is scheduled to announce earnings results today. The consensus Earnings Per Share estimate is 7.16 and the consensus revenue estimate is $119.68 billion.
\\nVisual analysis of Amazon's price graph shows Amazon's immediate resistance is around $3,383.58, nearest support level is at $3,104.25. Asset volatility analysis shows that a slight indication of a slowdown comes from looking at the Bollinger bands: the upper band is at $3,384.22 – a high enough level to usually suggest Amazon is trading above its value.
\\nOverall, looking at the technical analysis landscape, it seems Amazon is likely to reverse course and start pointing down in the short term.
\\nWith a market cap of $1.68 trillion Amazon has started 2021 by gaining 2.16%. So far this year it is under-performing the S&P 500 by 0.36%.
\\n\\n
\\n\\n\\n\\n\",\"\\n.@amazon’s @b_huseman on raising the federal minimum wage: “We’ve seen the ability of $15 per hour to retain and to recruit the top talent, reduce employee turnover, increase productivity. We think those are the things that are important for businesses and… for the economy.” pic.twitter.com/GModWHbqEB
\\n— Yahoo Finance (@YahooFinance) February 1, 2021
(Last update 4:56am EST, February 2, 2021)
\\nMicrosoft yesterday at a glance – Microsoft rallied 3.32% and maintained at $239.65 level. Trading volume was 33.31 million, below the daily average of 40.61 million.
\\nThe Chart pattern study shows Microsoft's immediate resistance is around $243.96, nearest support level is at $224.96. In terms of trend indicators, we can see that the MACD line is above the MACD signal line significantly, meaning the medium-term trend might turn negative. Asset volatility analysis shows that the upper Bollinger band is at $244.58, This is a slight indication of a slowdown. However, the Relative Strength Index indicates Microsoft is in overbought condition.
\\nOverall, looking at the technical analysis landscape, it seems a reverse of course in the short term might be next for Microsoft.
\\nWith a market cap of $1.81 trillion Microsoft has started 2021 by gaining 4.27%. So far this year it is outperforming the Dow by 3.17%.
\\n\\n
\\n\\n\\n\\n\",\"\\nOver the last year we’ve experienced a global pandemic, civil unrest and political turmoil. We speak with leads of Blacks at @Microsoft about how this has impacted the ERG and how it will continue to lead. #MicrosoftLife https://t.co/kZS3c7pyW3
\\n— Nasdaq (@Nasdaq) February 1, 2021
(Last update 4:56am EST, February 2, 2021)
\\nGoogle yesterday at a glance – Starting at $1,853.57 the stock rallied 3.57% and maintained at the $1,901.35 level. Trading volume was 1.60 million, below the daily average of 1.85 million.
\\nGoogle is scheduled to announce earnings results today. The consensus Earnings Per Share estimate is 15.7 and the consensus revenue estimate is $52.89 billion.
\\nVisual analysis of Google's price graph shows Google's immediate resistance is around $1,932.18, nearest support level is at $1,807.21. Asset volatility analysis shows that the upper Bollinger band is at $1,949.69 and the lower is $1,799.22.
\\nWith a market cap of $1.28 trillion Google has started 2021 by gaining 9%. So far this year it is outperforming the S&P by 6.49%.
\\n\\n
\\n\\n\\n\\n\",\"\\nHeard on the Street: Google’s results are expected to shed new light on the costs of its cloud business https://t.co/vYBhojkDCD
\\n— The Wall Street Journal (@WSJ) February 2, 2021
(Last update 4:56am EST, February 2, 2021)
\\nTesla yesterday at a glance – Starting at $814.29 the stock rallied 5.83% and maintained at the $839.81 level. Trading volume was 25.39 million, below the daily average of 26.94 million.
\\nWednesday, Tesla reported mixed earnings results with EPS at 0.8 and revenues at $10.74 billion, compared to a consensus of 1.04 Earnings Per Share and $10.47 billion revenue. Since the release of its earnings report, Tesla lost $43.28
\\nThe Chart pattern study shows Tesla's immediate resistance is around $855.87, nearest support level is at $695. Asset volatility analysis shows that the lower Bollinger band is at $801.43, indicating further gains might be next.
\\nOverall, looking at the technical analysis landscape, it seems Tesla might continue pointing upwards in the short term.
\\nWith a market cap of $796.06 billion Tesla started 2021 by gaining 22.36%. So far this year it is outperforming the Nasdaq by 16.86%.
\\n\\n
\\n\\n\\n\\n\",\"\\nTesla has publicly apologized to the State Grid Corp. of China after a video showed one of the carmaker’s staff purportedly telling a customer that an overload in the national grid damaged their electric vehicle, Caixin reports https://t.co/TuPt7TW5Ld
\\n— Bloomberg (@business) February 2, 2021
(Last update 4:56am EST, February 2, 2021)
\\nZoom yesterday at a glance – hesitant but green: from an early low of $368.13, Zoom went up to $381.93 and gained $9.86 compared to the $372.07 start of the day (2.65%). Trading volume was 3.44 million, below the daily average of 4.50 million.
\\nThe Chart visual study suggests Zoom immediate resistance is around $387.07, nearest support level is at $337.32. Asset volatility analysis shows that a slight indication of a slowdown comes from looking at the Bollinger bands: the upper band is at $395.19 – a high enough level to usually suggest Zoom is trading above its value.
\\nOverall, looking at the technical analysis landscape, it seems Zoom is likely to reverse course and start pointing down in the short term.
\\nWith a market cap of $111.48 billion Zoom started in 2021 by gaining 9.96%. So far this year it is outperforming the Nasdaq by 4.46%.
\\n\",\"\\n(Last update 4:56am EST, February 2, 2021)
\\nNetflix yesterday at a glance – Hesitant but green: from an early low of $531.73, Netflix went up to $539.04 and gained $6.65 compared to the $532.39 start of the day (1.25%). Trading volume was 3.55 million, below the daily average of 9.89 million.
\\nVisual analysis of the Netflix's price graph shows Netflix's immediate resistance is around $545.49, nearest support level is at $494.25. In terms of trend indicators, we can see that even though currently pointing up, the 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.
\\nOverall, looking at the technical analysis landscape, it seems Netflix is likely to reverse course and start pointing down in the short term.
\\nWith a market cap of $238.74 billion Netflix started in 2021 by gaining 3.98%. So far this year it is outperforming the S&P 500 by 1.46%.
\\n\",\"\\n(Last update 4:31am EST, February 2, 2021)
\\nAfter starting yesterday at $140.49, Walmart dropped $1.22 to $139.19, reaching its lowest point in 3 months.
\\nThe Chart visual study suggests Walmart's immediate support is around $138.48, resistance level is at $148.97. In terms of trend indicators, we can see that the CCI indicator is below -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 indicates Walmart is in oversold condition, allowing more gains. In contrast, a slight indication of recovery comes from looking at the Bollinger bands: the lower band is at $138.21 – a low enough level to usually suggest Walmart is trading below its value.
\\nOverall, looking at the technical analysis landscape – although indicators are mixed and some are pointing in different directions, it seems further drawbacks may be next for Walmart.
\\nWith a market cap of $394.04 billion Walmart started 2021 by gaining 2.39%. So far this year it is outperforming the Dow by 1.29%.
\\n\\n
\\n\\n\\n\\n\",\"\\nPresident Joe Biden’s administration has deported hundreds of people despite his campaign pledge to halt most deportations at the beginning of his term. That includes one of the witnesses to a massacre at a Texas Walmart in 2019. https://t.co/4NpH8Sf7r4
\\n— The Associated Press (@AP) February 2, 2021
(Last update 4:31am EST, February 2, 2021)
\\nProcter & Gamble yesterday at a glance – hesitant but green: from an early low of $128.2, Procter & Gamble went up to $128.97 and gained 75 cents compared to the $128.21 start of the day (0.59%). Trading volume was 6.53 million, below the daily average of 8.57 million.
\\nVisual analysis of the Procter & Gamble's price graph shows the nearest resistance level is at $135.51, followed by $140.16 at the next level. Asset volatility analysis shows that the lower Bollinger band is at $127, indicating further gains might be next.
\\nOverall, looking at the technical analysis landscape, it seems Procter & Gamble might continue pointing upwards in the short term.
\\nWith a market cap of $317.59 billion Procter & Gamble started 2021 by losing 4.72%. So far this year it is under-performing the Dow Jones by 5.82%.
\\n\",\"\\n(Last update 4:31am EST, February 2, 2021)
\\nWalt Disney yesterday at a glance – With a daily low of $168.03, Walt Disney closed at $170.97 after starting the day at $168.17 and gaining $2.8 (1.66%). Trading volume was 7.71 million, below the daily average of 10.46 million.
\\nThe Chart visual study suggests the nearest resistance level is at $181.18. Asset volatility analysis shows that the upper Bollinger band is at $176.15 and the lower is $165.02.
\\nWith a market cap of $310.18 billion Walt Disney started 2021 by losing 6.91%. So far this year it is under-performing the Dow by 8%.
\\n\",\"\\n(Last update 4:31am EST, February 2, 2021)
\\nCoca-Cola yesterday at a glance – Coca-Cola gained 0.69% and stayed at $48.48 levels. Trading volume was 11.69 million, below the daily average of 18.47 million.
\\nThe Chart pattern study shows the nearest resistance level is at $54.84. Asset volatility analysis shows that the lower Bollinger band is at $48.04, indicating further gains might be next. Japanese Candlesticks formations detected today are the "Bullish harami”, when it appears on top of a bearish overall trend, as it is now, some traders would consider this as an indication of a reversal, of course.
\\nOverall, looking at the technical analysis landscape, it seems Coca-Cola might continue pointing upwards in the short term.
\\nWith a market cap of $208.34 billion Coca-Cola started 2021 by losing 11.53%. So far this year it is under-performing the Dow by 12.63%.
\\n\",\"\\n(Last update 4:31am EST, February 2, 2021)
\\nPfizer yesterday at a glance – light red but with no obvious direction, Pfizer traded at $35.8 after ranging between $36.19 and $35.72. Trading volume was 39.12 million, above the daily average of 37.75 million.
\\nPfizer is scheduled to announce earnings results today. The consensus EPS estimate is 0.5183 and the consensus revenue estimate is $12.24 billion.
\\nThe Chart visual study suggests Pfizer's immediate support is around $35.62, resistance level is at $42.56. In terms of trend indicators, we can see that the CCI indicator is below -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 indicates Pfizer is in oversold condition, allowing more gains. In contrast, a slight indication of recovery comes from looking at the Bollinger bands: the lower band is at $35.35 – a low enough level to usually suggest Pfizer is trading below its value.
\\nOverall, looking at the technical analysis landscape – although indicators are mixed and some are pointing in different directions, it seems further drawbacks may be next for Pfizer.
\\nWith a market cap of $198.99 billion Pfizer started 2021 by gaining 1.39%. So far this year it is outperforming the Dow Jones by 0.29%.
\\n\\n
\\n\\n\\n\\n\",\"\\nSpain HealthMin: The Country Will Receive 2.3 Mln Doses Of Pfizer And Moderna Vaccines In February
\\n— LiveSquawk (@LiveSquawk) February 1, 2021
(Last update 4:46am EST, February 2, 2021)
\\nMcDonald's yesterday at a glance – A mostly flat day for McDonald's as it ranged between $209.69 and $206.6 and closed at $207.93. Trading volume was 2.73 million, below the daily average of 3.31 million.
\\nThursday, the company reported earnings of 1.7 per share, falling short of expectations of 1.78. Revenue was also lower than expected at $5.31 billion versus $5.36 billion. Although earnings did not match projections, McDonald's gained 93 cents since the release of its earnings report.
\\nA Visual analysis of the McDonald's's price graph shows McDonald'ss resistance level is at $215.87. Asset volatility analysis shows that the lower Bollinger band is at $205.58, indicating a positive move might be next.
\\nOverall, looking at the technical analysis landscape, it seems McDonald's might start pointing upward in the short term.
\\nWith a market cap of $154.93 billion McDonald's started 2021 by gaining 0.38%. So far this year it is under-performing the Dow by 0.72%.
\\n\",\"\\n(Last update 4:46am EST, February 2, 2021)
\\nBitcoin posts light gains on a low-volatility day, ranging between $35,443 and $33,556 and is now at $35,200.
\\nAsset volatility analysis shows that the upper Bollinger band is at $38,500 and the lower is $30,000.
\\nWith a market cap of 655.54 billion
\\n\\n
\\n\\n\\n\\n\",\"\\nElon Musk makes bold new Bitcoin prediction https://t.co/RP30Jw7II6 pic.twitter.com/OOqatwPbSO
\\n— Forbes (@Forbes) February 2, 2021
(Last update 4:46am EST, February 2, 2021)
\\nGold slid down from $1,864 to $1,849, taking a $15 loss (0.79%).
\\nVisual analysis of Gold's price graph shows Gold's immediate support is around $1,839, resistance level is at $1,952.7. Asset volatility analysis shows that the upper Bollinger band is at $1,870.34, indicating a further downward move might be next.
\\nOverall, looking at the technical analysis landscape, it seems Gold is likely to continue pointing down in the short term.
\\nGold started 2021 by losing 2.27%.
\\n\\n
\\n\\n\\n\\n\",\"\\nGold stays in a tricky spot to start the new month https://t.co/2QS3aZz7Lz
\\n— ForexLive (@ForexLive) February 2, 2021
(Last update 4:46am EST, February 2, 2021)
\\nAfter opening at $53.55, crude oil reached $54.43, breaking an 11 month record. Later, it lost 20 cents and is now trading at $54.23.
\\nA Visual analysis of the crude oil's price graph shows crude oil's immediate resistance is around $54.31, nearest support level is at $52. Momentum evaluation shows the Relative Strength Index shows oil has gone up above 70 going into overbought territory. Asset volatility analysis shows that the upper Bollinger band is at $53.81, This is a slight indication of a slowdown. However, 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.
\\nOverall, looking at the technical analysis landscape, it seems a reverse of course in the short term might be next for crude oil.
\\nCrude oil started 2021 by gaining 7.64%.
\\n\\n
\\n\\n\\n\\n\",\"\\nPandemic drives oil major BP to first loss in a decade https://t.co/Idmhin6KTN pic.twitter.com/Ox34zWCUdy
\\n— Yahoo Finance (@YahooFinance) February 2, 2021
(Last update 4:46am EST, February 2, 2021)
\\nEUR/USD trading at 1.2071 with no clear-cut direction, ranging between 1.2093 and 1.2064.
\\nThe Chart visual study suggests the Euro/Dollar resistance level is at 1.2308. In terms of trend indicators, we can see that the CCI indicator is below -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 the lower Bollinger band is at 1.2033, indicating a positive move might be next.
\\nOverall, the technical analysis suggests the Euro/Dollar is neutral for the immediate future, with no clear-cut direction.
\\nThe Euro started 2021 by losing 0.59%.
\\n\\n
\\n\\n\\n\\n\",\"\\nThe impact of the coronavirus on different regions doesn’t just depend on infections, but also on their economic structures. Additional vulnerabilities may arise from disruptions to highly integrated EU supply chains. Read more https://t.co/D4ttGHOAFR #EconomicBulletin
\\n— European Central Bank (@ecb) February 2, 2021
(Last update 5:11am EST, February 2, 2021)
\\nSmall gain for GBP/USD at 1.369 after ranging today between 1.3663 and 1.3708.
\\nThe Chart visual study suggests the Pound's nearest support level is at 1.3665. Asset volatility analysis shows that the upper Bollinger band is at 1.3768, This is a slight indication of a slowdown.
\\nOverall, looking at the technical analysis landscape, it seems the British Pound is likely to reverse course and start pointing down in the short term.
\\nThe Pound/Dollar started in 2021 by gaining 0.05%.
\\n\\n
\\n\\n\\n\\n\",\"\\nThe pound is winning the hearts and minds of fund managers and forecasters as the U.K. steps up its coronavirus vaccinations https://t.co/fVpPLBiNoc
\\n— Bloomberg Markets (@markets) February 2, 2021
(Last update 5:11am EST, February 2, 2021)
\\nAfter starting the day at 104.94, USD/JPY rallied to 105.03, hitting its highest point in 2 months, It later lost 10 pips and is now trading at 104.92
\\nThe Chart pattern study shows the Yen's nearest support level is at 102.71. 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 the Yen is in overbought condition, Keep an eye out for a slowdown of gains. On the other hand, note that the upper Bollinger band is at 104.98, indicating a downward move might be next.
\\nOverall, looking at the technical analysis landscape, it seems the Yen might be pointing upward in the short term.
\\nThe Yen started in 2021 by gaining 0.52%.
\\n\\n
\\n\\n\\n\\n\",\"\\nJapan urged to link up private, public testing to better grasp extent of pandemic https://t.co/az0Gac3Udp pic.twitter.com/hGSyh15p58
\\n— Reuters (@Reuters) February 2, 2021
(Last update 5:11am EST, February 2, 2021)
\\nAfter opening at 0.8969, USD/CHF reached 0.8976, breaking a 2 month record. Later, it lost 14 pips and is now trading at 0.8962.
\\nThe Chart pattern study shows the Dollar/Swiss nearest support level is at 0.8783. Momentum evaluation shows the Relative Strength Index has fallen below 70 – exiting overbought conditions and indicating possible moderate gains or a downward correction is a head. Asset volatility analysis shows that the upper Bollinger band is at 0.8967, indicating a downward move might be next. In contrast, 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.
\\nOverall, looking at all the technical indicators, it seems the Dollar/Swiss might be pointing down in the short term.
\\nThe Swiss franc started in 2021 by gaining 0.38%.
\\n\",\"\\n(Last update 5:11am EST, February 2, 2021)
\\nLight red, mostly flat: AUD/USD ranges between 0.7663 and 0.7605 and is now at 0.7623.
\\nIn terms of trend indicators, we can see that the CCI indicator is below -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 indicates the Australian dollar is in oversold condition, allowing more gains. However, a slight indication of recovery comes from looking at the Bollinger bands: the lower band is at 0.7602 – a low enough level to usually suggest the Aussie/Dollar is trading below its value.
\\nOverall, looking at the technical analysis landscape – although indicators are mixed and some are pointing in different directions, it seems further drawbacks may be next for the Australian dollar.
\\nThe Australian dollar started 2021 by gaining 0.27%.
\\n\\n
\\n\\n\\n\\n\\n\"],\"title\":\"Financial Markets Review – 2 February 2021 – 05:11:33\",\"date\":\"2021-02-02T10:11:34\"}"; var omg_ads = JSON.parse(decodeHtml(omg_ads_string)); } catch (e) { var omg_ads = JSON.parse(omg_ads_string); }Australia’s central bank will extend its quantitative easing program by a further A$100 billion ($76.2 billion) and doesn’t expect to increase interest rates until 2024 https://t.co/Yjfy3ZHtZL
\\n— Bloomberg (@business) February 2, 2021
![](\\\"https://images.unsplash.com/photo-1599566530569-68774cad9cfc?ixlib=rb-1.2.1&q=80&fm=jpg&crop=entropy&cs=tinysrgb&w=1080&fit=max&ixid=eyJhcHBfaWQiOjE1NDYwM30\\\")
![](\\\"https://images.unsplash.com/photo-1579693409321-1be2df1ab130?ixlib=rb-1.2.1&q=80&fm=jpg&crop=entropy&cs=tinysrgb&w=1080&fit=max&ixid=eyJhcHBfaWQiOjE1NDYwM30\\\")
![](\\\"https://images.unsplash.com/photo-1432888622747-4eb9a8efeb07?ixlib=rb-1.2.1&q=80&fm=jpg&crop=entropy&cs=tinysrgb&w=1080&fit=max&ixid=eyJhcHBfaWQiOjE1NDYwM30\\\")
![](\\\"https://images.unsplash.com/photo-1523474253046-8cd2748b5fd2?ixlib=rb-1.2.1&q=80&fm=jpg&crop=entropy&cs=tinysrgb&w=1080&fit=max&ixid=eyJhcHBfaWQiOjE1NDYwM30\\\")
![](\\\"https://images.unsplash.com/photo-1530133532239-eda6f53fcf0f?ixlib=rb-1.2.1&q=80&fm=jpg&crop=entropy&cs=tinysrgb&w=1080&fit=max&ixid=eyJhcHBfaWQiOjE1NDYwM30\\\")
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