\\n

\\n\",\"\\n

Facebook closed at $210.18 after losing 2.24% Thursday

\\n

(Last update 4:31am EST, April 16, 2022)

\\n

\\n

Thursday at a glance: Facebook dropped to $210.18 (from $215) — a 2.24% loss Thursday. Trading volume (18.38 million) was slightly under the latest 21 day average volume by 68.24%.

\\n

A chart visual study suggests the nearest support level is at $186.63, while the closest resistance is at $233.89. 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. According to asset volatility analysis, Bollinger bands shows an indication of recovery: the lower band is at $206.83, a low enough level to, generally, suggest that Facebook is trading below its value.

\\n

All in all, the technical analysis suggests Facebook has no clear-cut direction.

\\n

The company's market cap is $570.54 billion the social media company has lost 36.15% over the last 2 months. So far in 2022, it has been under-performing the Nasdaq by 19.19%.

\\n

\\n
\\n

Elon Musk's bid for Twitter probably has Facebook and Google quaking: Mark Cuban https://t.co/HEwdmHC1sw by @BrianSozzi pic.twitter.com/NJeIMqV8mc

\\n

— Yahoo Finance (@YahooFinance) April 15, 2022

\\n

\\n

\\n\",\"\\n

Amazon lost 2.47% Thursday, closed at $3,034

\\n

(Last update 4:31am EST, April 16, 2022)

\\n

\\n

A quick look at Thursday: Jeff Bezos’s company dropped 2.47% early on and stayed at the $3,034 range. Trading volume (2.58 million) was slightly under the latest 21 day average volume by 85.04%.

\\n

Amazon's graph levels to watch: Amazon's nearest support level is at $2,720.29. In terms of trend indicators, we can see that at $3,097.43, Amazon made an initial breakout below the 50 day Simple Moving Average, an indication of a negative trend. 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. On the other hand, note that Bollinger bands shows an indication of recovery: the lower band is at $2,970.68, a low enough level to, generally, suggest that Amazon is trading below its value.

\\n

Overall, looking at the technical analysis landscape, it seems that although indicators are mixed and some are pointing in different directions further drawbacks may be next for Amazon.

\\n

Amazon has a market cap of $1.54 trillion the tech and retail multifaceted giant has hit is lowest yearly rate ($2,720.29) a month ago, since then it has recovered 14.36%. So far in 2022 it has been beating the Nasdaq by 7.46%.

\\n

\\n
\\n

In 2013, Jeff Bezos revealed an ambitious plan to fill the skies with delivery drones. Nearly ten years later, internal documents and interviews reveal Amazon's program is still a long way off — and has been hit by technical challenges and safety concerns https://t.co/QwpBKHfW0K

\\n

— Bloomberg (@business) April 15, 2022

\\n

\\n

\\n\",\"\\n

Microsoft dropped by 2.71% and closed the session at $279.83

\\n

(Last update 4:26am EST, April 16, 2022)

\\n

\\n

A quick look at Thursday: the software giant remained in the $279.83 range after closing Wednesday at $287.62 and dropping 2.71% as it reached the end Thursday's session. The trading volume was 28 million which was slightly below the daily average of 28.96 million.

\\n

A study of Microsoft's graph shows key levels to watch: Microsoft might start to recover soon because it is getting close to its support line— now only $3.98 away at $275.85. Dipping below could be an indication that further losses are ahead. In terms of trend indicators, we can see that at $285, Microsoft made an initial breakout below the 3 day Simple Moving Average, an indication of a negative trend. The MACD line is significantly below the MACD signal line, meaning this medium-term trend might turn positive. 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 Bollinger bands shows an indication of recovery: the lower band is at $277.49, a low enough level to, generally, suggest that Microsoft is trading below its value.

\\n

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

\\n

The company's market cap is $2 trillion the year 2022 has not been the best for the iconic OS developer, it lost 16.03% of its value. The Nasdaq has been doing worse in 2022, it has been passing it by 2.16%.

\\n

\\n
\\n

For a limited time, the tech giant is slashing prices on Microsoft Office https://t.co/ePzEz1UriN

\\n

— TheStreet (@TheStreet) April 15, 2022

\\n

\\n

\\n\",\"\\n

Google closed at $2,545 after losing 2.33% Thursday

\\n

(Last update 4:26am EST, April 16, 2022)

\\n

\\n

A quick look at Thursday: Google shed 2.33%, falling to $2,545. Trading volume (1.16 million) was slightly below the latest 21 day average volume by 97.85%.

\\n

Chart pattern study shows Google might start to recover soon because it is getting close to its support line— now only $15.77 away at $2,529.29. Dipping below could be an indication that further losses are ahead. Trend indicators show us that at $2,589.71, Google made an initial breakout below the 3 day Simple Moving Average, an indication of a negative trend. 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 Bollinger bands shows an indication of recovery: the lower band is at $2,522.59, a low enough level to, generally, suggest that Google is trading below its value.

\\n

All in all, the technical analysis suggests Google has no clear-cut direction.

\\n

Google's market cap currently stands at $1.68 trillion the year 2022 has not been the best for the search engine giant, it lost 12.03% of its value. So far in 2022, it has been outperforming the Nasdaq by 6.16%.

\\n

\\n
\\n

The last letter of the Latin alphabet has become the symbol of support for Russia’s war in Ukraine https://t.co/e8viqEc1eJ

\\n

— The Economist (@TheEconomist) April 16, 2022

\\n

\\n

\\n\",\"\\n

Tesla lost 3.66% Thursday, closed at $985

\\n

(Last update 4:26am EST, April 16, 2022)

\\n

\\n

Thursday at a glance: the trendy electric cars company remained in the $985 range after closing Wednesday at $1,022.37 and dropping 3.66% as it reached the end Thursday's session. The trading volume was 19.47 million, which is below the daily average of 24.79 million.

\\n

Tesla is scheduled to announce earnings results Wednesday. The consensus Earnings Per Share estimate is 2.24 and the consensus revenue estimate is $17.63 billion.

\\n

Chart pattern study shows the nearest support level is at $879.89, to be followed by $764.04. In terms of trend indicators, we can see that at $995.08, Tesla made an initial breakout below the 3 day Simple Moving Average, an indication of a negative trend.

\\n

Overall, looking at the technical analysis landscape, it seems Tesla is likely to start pointing downward in the short term.

\\n

The company has a market cap of $1 trillion the year 2022 has not been the best for Elon Musk's electric cars company, it lost 17.36% of its value. The Nasdaq has been doing worse in 2022, it has been passing it by 0.83%.

\\n\",\"\\n

Zoom ended the session at $110.31 (-4%)

\\n

(Last update 4:26am EST, April 16, 2022)

\\n

\\n

Thursday at a glance: the video communications platform provider remained in the $110.31 range after closing Wednesday at $114.89 and dropping 4% as it reached the end Thursday's session. The trading volume was 4.50 million, which is above the daily average of 4.28 million.

\\n

A chart visual study suggests next closest resistance is at $126.26, while the nearest support level is at $94.64. In terms of trend indicators, we can see that at $111.15, Zoom made an initial breakout below the 5 day Simple Moving Average, an indication of a negative trend. According to asset volatility analysis, Bollinger bands shows an indication of recovery: the lower band is at $106.14, a low enough level to, generally, suggest that Zoom is trading below its value.

\\n

All in all, the technical analysis suggests Zoom has no clear-cut direction.

\\n

The company's market cap is $33.00 billion 9 months ago the video communications platform provider has hit its yearly high point of $401.12, since than it lost 71.36%. So far in 2022, it has been doing worse than the Nasdaq by 20.97%.

\\n

\\n
\\n

After Two Years On Zoom, Workers Finally Learned How To Fool Their Bosses https://t.co/boVoqFEZym pic.twitter.com/SLkBtYBv13

\\n

— Forbes (@Forbes) April 15, 2022

\\n

\\n

\\n\",\"\\n

Netflix dropped by 2.65% and closed the session at $341.13

\\n

(Last update 4:26am EST, April 16, 2022)

\\n

\\n

Thursday at a glance: the streaming heavyweight dropped 2.65% early on and stayed at the $341.13 range. The trading volume was 4.34 million — below the daily average of 4.62 million.

\\n

The company trades at $341.13 ahead of quarterly performance report which is scheduled to be released Tuesday.

\\n

A chart visual study suggests Netflix might start to recover soon because it is getting close to its support line— now only $10.12 away at $331. Dipping below could be an indication that further losses are ahead. Trend indicators show us that at $347.51, Netflix made an initial breakout below the 3 day Simple Moving Average, an indication of a negative trend. 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. Analysis based on the asset volatility indicates that Bollinger bands shows an indication of recovery: the lower band is at $336.78, a low enough level to, generally, suggest that Netflix is trading below its value.

\\n

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

\\n

The company's market cap is $151.56 billion the year 2022 has not been the best for the streaming heavyweight, it lost 42.24% of its value. So far in 2022, it has been under-performing the Nasdaq by 24.05%.

\\n\",\"\\n

Walmart holds at $157.08

\\n

(Last update 4:21am EST, April 16, 2022)

\\n

\\n

Thursday at a glance: Walmart closed at $157.08 with no clear-cut direction and ranged between $158.29 and $156.43. The trading volume was 7.30 million, around the average daily.

\\n

A study of Walmart's chart pattern shows Walmart's nearest support level is at $153.23. Japanese Candlestick formations detected today show that "bearish harami”, whenever it appears on top of a bullish overall trend, some traders would consider this as an indication of a trend reversal.

\\n

Overall, technical indicators suggest Walmart has no obvious direction for the immediate future.

\\n

The company's market cap is $432.25 billion the discount department and warehouse stores chain is now trading 17.74% above its yearly low ($158.29) that it has slumped into a month ago. The Dow Jones has been doing worse in 2022, it has been passing it by 14.75%.

\\n\",\"\\n

Procter & Gamble ended the session at $158.57 (-0.56%)

\\n

(Last update 4:21am EST, April 16, 2022)

\\n

\\n

A quick look at Thursday: light red, mostly flat: Procter & Gamble ranged between $160.3 and $158.45, closing at $158.57. Slightly greater than the daily average volume of 6.48 million, Procter & Gamble traded with 7.26 million Thursday.

\\n

Procter & Gamble is scheduled to announce earnings results Wednesday. The consensus Earnings Per Share estimate is 1.3 and the consensus revenue estimate is $18.72 billion.

\\n

A study of Procter & Gamble's graph shows key levels to watch: the nearest support level is at $143.22. In terms of trend indicators, we can see that at $159.38, Procter & Gamble made an initial breakout below the 5 day Simple Moving Average, an indication of a negative trend.

\\n

Overall, looking at the technical analysis landscape, it seems Procter & Gamble is likely to start pointing downward in the short term.

\\n

Procter & Gamble's market cap currently stands at $380.10 billion the consumer goods corporation is now trading 21.56% above its yearly low ($160.3) that it has slumped into 11 months ago. So far in 2022, it has been outperforming the Dow by 3.53%.

\\n\",\"\\n

Walt Disney lost 1.42% Thursday, closed at $130.47

\\n

(Last update 4:21am EST, April 16, 2022)

\\n

\\n

Thursday at a glance: the entertainment and content production company slid down from $132.35 to $130.47, taking a 1.42% loss Thursday. The trading volume was 6.81 million — below the daily average of 8.68 million.

\\n

Walt Disney's graph levels to watch: Walt Disney might start to recover soon because it is getting close to its support line— now only $1.44 away at $129.03. Dipping below could be an indication that further losses are ahead. Asset volatility analysis shows that Bollinger bands shows an indication of recovery: the lower band is at $128.03, a low enough level to, generally, suggest that Walt Disney is trading below its value. In contrast, at $131.52, Walt Disney made an initial breakout below the 5 day Simple Moving Average, an indication of a negative trend.

\\n

Overall, looking at the technical analysis landscape – although indicators are mixed and some are pointing in different directions it seems Walt Disney might reverse course and start pointing upward in the short term.

\\n

The company has a market cap of $237.54 billion the entertainment giant has lost 25.79% over the last 5 months. So far in 2022, it has been under-performing the Dow Jones by 10.4%.

\\n\",\"\\n

Coca-Cola hits new all-time high at $65.57

\\n

(Last update 4:21am EST, April 16, 2022)

\\n

\\n

$64.73 is where Coca-Cola ended Wednesday; it reached a record high of $65.57 Thursday, changed by 57 cents and closed at $65.

\\n

An analysis of Coca-Cola's chart suggests Coca-Cola's immediate resistance is around $65.45 and its nearest support level is at $57.88. 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 that the Relative Strength Index indicates Coca-Cola is in an overbought condition, keep an eye out for slowdown of gains. On the other hand, note that a slight indication of a slowdown comes from looking at the Bollinger bands: the upper band is at $65.56 – a high enough level to usually suggest Coca-Cola is trading above its value.

\\n

Overall, looking at the technical analysis landscape, it seems Coca-Cola likely to continue pointing upward in the short term.

\\n

Coca-Cola has a market cap of $281.86 billion the soft drinks giant is now trading 0.45% below its yearly high ($65) that it held a day ago. So far in 2022, it has been outperforming the Dow by 15.86%.

\\n\",\"\\n

Steady Pfizer holds at $53.12

\\n

(Last update 4:21am EST, April 16, 2022)

\\n

\\n

Thursday at a glance: Pfizer closed at $53.12 with no clear-cut direction and ranged between $53.91 and $53.04. The trading volume was 16.62 million — under the daily average of 26 million.

\\n

Visual analysis of Pfizer's price graph shows Pfizer's resistance level is now at $54.51. In terms of trend indicators, we can see that at $53.38, Pfizer made an initial breakout above 3 day Simple Moving Average, an indication of a positive trend.

\\n

Overall, looking at the technical analysis landscape, it seems Pfizer might start pointing upward in the short term.

\\n

Pfizer's market cap is currently $300 billion 3 months ago the pharmaceuticals and biotechnology company has hit its yearly high point of $61.25, since than it lost 13.31%. So far in 2022, it has been doing worse than the Dow by 0.06%.

\\n

\\n
\\n

Pfizer says a third dose of their Covid vaccine increased antibodies against the omicron strain by 36-fold in a clinical trial https://t.co/AS9yXbjeUI

\\n

— Bloomberg (@business) April 14, 2022

\\n

\\n

\\n\",\"\\n

McDonald's traded at $250.51, down by 0.33% when the session closed

\\n

(Last update 4:16am EST, April 16, 2022)

\\n

\\n

A quick look at Thursday: after ending Wednesday at $251.33, McDonald's went up to $253.73 only to drop back to its starting point and close at $250.51. Trading volume (2 million) was slightly under the latest 21 day average volume by 75.12%.

\\n

Important graph levels to look out for: McDonald's's nearest support level is at $222. Trend indicators show us that at $251.35, McDonald's made an initial breakout below the 5 day Simple Moving Average, an indication of a negative trend.

\\n

Overall, looking at the technical analysis landscape, it seems McDonald's is likely to start pointing downward in the short term.

\\n

McDonald's's market cap is currently $185.28 billion the fast food company is now trading 13.21% above its yearly low ($253.73) that it has slumped into a month ago. So far in 2022, it has been under-performing the Dow Jones by 0.54%.

\\n\",\"\\n

Stable day for Bitcoin, parking at $40,424

\\n

(Last update 4:16am EST, April 16, 2022)

\\n

\\n

Bitcoin is trading steadily today, ranging between $40,617 and $40,400 and is now at $40,424.

\\n

An analysis of Bitcoin's chart suggests Bitcoin's resistance level is at $47,466. Trend indicators show us that at $40,634, Bitcoin made an initial breakout above 5 day Simple Moving Average, an indication of a positive trend. Asset volatility analysis shows that Bitcoin's lower Bollinger band is at $38,138, indicating a positive move might be next.

\\n

Overall, looking at the technical analysis landscape, it seems Bitcoin might start pointing upward in the short term.

\\n

Bitcoin is currently trading with a market cap of 768.59 billion 5 months ago Bitcoin has hit its yearly high point of $67,600, since than it lost 40%.

\\n

\\n
\\n

Dogecoin, the meme-based bitcoin rival that's a favorite of Elon Musk, has surged this week as traders bet a Musk-owned Twitter would help doge. https://t.co/vIiUbfk8bD

\\n

— Forbes (@Forbes) April 15, 2022

\\n

\\n

\\n\",\"\\n

Gold reached $1,977 per ounce after gaining 0.11% Thursday

\\n

(Last update 4:16am EST, April 16, 2022)

\\n

\\n

A quick look at Thursday: Gold recovered from the previous trading session's losses and went up to $1,977 per ounce Thursday after it traded lower at $1,962.7.

\\n

Important graph levels to look out for: the nearest resistance level is at $2,058.3. Trend indicators show us that although up today, it's worth noting that earlier Gold dropped below the 3 day Simple Moving Average as it was trading at $1,968.37, usually an indication that a negative trend is ahead. Analysis based on the asset volatility indicates that U.S. Gold's upper Bollinger band is at $1,982.52, this is a slight indication of a slowdown. Japanese Candlestick formations detected today show that "bearish harami”, whenever it appears on top of a bullish overall trend, some traders would consider this as an indication of a trend reversal. On the other hand, note 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.

\\n

Overall, looking at the technical analysis landscape, it seems like a reverse of course (in the short term) might be next for Gold.

\\n

Gold is now trading 4.05% below its yearly high ($2,058.3) that it held a month ago.

\\n\",\"\\n

Crude oil is growing its four-day winning streak by closing at $106.74, gaining $2.21.

\\n

(Last update 4:16am EST, April 16, 2022)

\\n

\\n

A quick look at Thursday: Chicago Oil recovered from the previous trading session's losses and went up to $106.74 per barrel Thursday after it traded lower at $102.41.

\\n

An analysis of CME Oil's chart suggests the nearest resistance level is at $124.77. In terms of trend indicators, we can see that even though Crude oil is up today, it is worth noting that earlier it dropped below 21 day Simple Moving Average and was trading at $103.78, a possible sign that a negative trend is ahead. 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.

\\n

All in all, while U.S. Oil has been going up, technical indicators suggest flatness for the immediate future.

\\n

CME Oil is now trading 16.23% below its yearly high ($124.77) that it held a month ago.

\\n

\\n
\\n

Ukrainian President Volodymyr Zelenskyy is calling for "the democratic world" to ban Russian oil, saying existing sanctions against Moscow are painful but not enough to stop the Russian military's ongoing assault. https://t.co/tbAF0fQaEr

\\n

— The Associated Press (@AP) April 16, 2022

\\n

\\n

\\n\",\"\\n

The Euro bounced 18 pips from 1 year low and closed at 1.0815

\\n

(Last update 4:16am EST, April 16, 2022)

\\n

\\n

The Euro dropped to 1.0796, its lowest point in 1 year. It later recovered 18 pips and closed at 1.0815.

\\n

Euro/Dollar chart analysis: the Euro's immediate support is now around 1.0807; its resistance level is at 1.0847. Trend indicators show us 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 Bollinger bands shows an indication of recovery: the lower band is at 1.0759, a low enough level to, generally, suggest that the Euro is trading below its value.

\\n

All in all, the technical analysis suggests the Euro has no clear-cut direction.

\\n

Euro/Dollar is now trading 0.18% above its yearly low (1.0831) that it has slumped into a day ago.

\\n\",\"\\n

Pound/Dollar lost 0.15% yesterday, ending at 1.3058

\\n

(Last update 5:11am EST, April 16, 2022)

\\n

\\n

Yesterday at a glance: GBP/USD slid down from 1.3077 to 1.3058, taking a 19 pips loss (0.15%).

\\n

A chart visual study suggests Pound/Dollar might start to recover soon because it is getting close to its support line— now only 54 pips away at 1.3004. Dipping below could be an indication that further losses are ahead. According to asset volatility analysis, Bollinger bands shows an indication of recovery: the lower band is at 1.3, a low enough level to, generally, suggest that the Pound is trading below its value. Despite this, at 1.3058, Pound/Dollar made an initial breakout below the 5 day Simple Moving Average, an indication of a negative trend.

\\n

Pound/Dollar might continue its recent uptrend in the short term, according to technical analysis.

\\n

Pound/Dollar is now trading 0.61% above its yearly low (1.3082) that it has slumped into 4 days ago.

\\n\",\"\\n

Dollar/Yen hits new all-time high at 126.69

\\n

(Last update 5:11am EST, April 16, 2022)

\\n

\\n

Having ended Thursday at 125.88, Dollar/Yen came to a record high of 126.69 yesterday. Later, it lost 22 pips and closed at 126.46.

\\n

An analysis of Dollar/Yen's chart suggests Dollar/Yen's immediate resistance is around 126.49 and its nearest support level is at 123.88. Trend indicators show us 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 that the Relative Strength Index indicates Dollar/Yen is in a strong overbought condition. In contrast, Dollar/Yen's upper Bollinger band is at 126.67, this is a slight indication of a slowdown.

\\n

According to technical analysis, it looks as if Dollar/Yen likely to continue pointing upward in the short term.

\\n

A day ago Dollar/Yen has hit its yearly high point of 126.41, since than it lost 0.42%.

\\n

\\n
\\n

The yen’s relentless drop continues https://t.co/xHGhWz9aFe pic.twitter.com/jDVtyNhCqN

\\n

— Bloomberg Markets (@markets) April 15, 2022

\\n

\\n

\\n\",\"\\n

A slow down: after 11 days of going up, Dollar/Swiss was flat yesterday and closed at 0.943.

\\n

(Last update 5:11am EST, April 16, 2022)

\\n

\\n

A quick look at yesterday: light green, mostly flat: Dollar/Swiss ranged between 0.9445 and 0.9411 and closed at 0.943.

\\n

A chart visual study suggests the nearest resistance level is at 0.9431; if Dollar/Swiss breaks through, the next level is at 0.9433. Support levels are at 0.9415 and followed by 0.923 further down. Trend indicators show us 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. Analysis based on the asset volatility indicates that Dollar/Swiss's upper Bollinger band is at 0.9433, this is a slight indication of a slowdown.

\\n

Overall, while Dollar/Swiss has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.

\\n

Dollar/Swiss is now trading 0.06% below its yearly high (0.9429) that it held a day ago.

\\n\",\"\\n

The Australian dollar continued its four days losing streak, dropping by 22 pips, closing at 0.7395

\\n

(Last update 5:11am EST, April 16, 2022)

\\n

\\n

Yesterday at a glance: the Australian dollar slid down from 0.7418 to 0.7395, losing 22 pips (0.3%) today.

\\n

The Australian dollar's graph levels to watch: after reaching the 0.7372 support zone, the Australian dollar bounced and climbed 22 pips above it. In terms of trend indicators, we can see that the MACD line is significantly below the MACD signal line, meaning this medium-term trend might turn positive. According to asset volatility analysis, Bollinger bands shows an indication of recovery: the lower band is at 0.7384, a low enough level to, generally, suggest that the Australian dollar is trading below its value. On the other hand, note 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.

\\n

Overall, looking at the technical analysis landscape, it seems the Australian dollar —which is currently on a downtrend— might reverse course and start pointing upward in the short term.

\\n

Hitting its yearly low (0.6967) 2 months ago, Aussie/Dollar has bounced back 6.47% since.

\\n\\n\"],\"title\":\"Financial Markets Review – 16 April 2022 – 05:11:35\",\"date\":\"2022-04-16T09:11:35\"}"; var omg_ads = JSON.parse(decodeHtml(omg_ads_string)); } catch (e) { var omg_ads = JSON.parse(omg_ads_string); }