\\n

\\n\",\"\\n

Facebook lost 2.56% Friday, closed at $200.47

\\n

(Last update 3:51pm EST, May 1, 2022)

\\n

\\n

Friday at a glance: light red, mostly flat: Facebook ranged between $212.48 and $199.92, closing at $200.47. Trading volume (49 million) was above the last 21 day average by 148.7%.

\\n

Facebook reported earnings results Wednesday, with EPS at 2.72 and revenues at $27.91 billion; these results are mixed when compared to a consensus of 2.56 Earnings Per Share and $28.32 billion revenue. Since the release of its earnings report, Facebook gained 10.79%.

\\n

A chart visual study suggests next closest resistance is at $233.89, while the nearest support level is at $174.95. Trend indicators show us that at $207.83, Facebook made an initial breakout below the 50 day Simple Moving Average, an indication of a negative trend.

\\n

Overall, looking at the technical analysis landscape, it seems Facebook is likely to continue pointing down in the short term.

\\n

The company has a market cap of $542.54 billion the social media company is up 17.59% on its yearly low ($174.95) that i hit 4 days ago. So far in 2022, it has been doing worse than the Nasdaq by 12.98%.

\\n\",\"\\n

Amazon closed at $2,485.63 after suffering its largest single-day drop of $406.3 since July 2021

\\n

(Last update 3:51pm EST, May 1, 2022)

\\n

\\n

Amazon traded at $2,485.63 after making its biggest single-day drop of $406.3 (14.05%) since July 2021.

\\n

The company reported earnings of -7.56 per share Thursday, falling short of expectations of 8.37. Revenue was also lower than expected at $116.44 billion versus $116.46 billion. Since the release of its earnings report, Amazon lost 10.05%

\\n

A chart visual study suggests Amazon's nearest support level is at $2,407.2, followed by $2,328.77 at the next level. 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 momentum evaluation, the Relative Strength Index indicates Amazon is in an oversold condition, allowing for more gains. On the other hand, note that Bollinger bands shows an indication of recovery: the lower band is at $2,561, a low enough level to, generally, suggest that Amazon is trading below its value.

\\n

In general, examining the technical analysis landscape, although indicators are mixed further drawbacks may be next for Amazon.

\\n

Amazon is currently trading with a market cap of $1.47 trillion the tech and retail multifaceted giant is now trading 16.35% above its yearly low ($2,615.22) that it has slumped into 2 days ago. So far in 2022, it has performed better than the Nasdaq by 3%.

\\n

\\n
\\n

ICYMI: British satellite company Inmarsat warns of dangerous levels of space debris from satellite constellations planned by Elon Musk's Starlink, Amazon, Chinese operators and others pic.twitter.com/UHyMZ9xMm1

\\n

— Reuters (@Reuters) May 1, 2022

\\n

\\n

\\n\",\"\\n

Microsoft lost 4.18% Friday, closed at $277.52

\\n

(Last update 3:41pm EST, May 1, 2022)

\\n

\\n

Friday at a glance: the software giant remained in the $277.52 range after closing Thursday at $289.63 and dropping 4.18% as it reached the end Friday's session. Trading volume (37 million) was slightly above the latest 21 day volume average by 119.27%.

\\n

Microsoft was down, even though its quarterly earnings released on Tuesday beat the analysts’ estimates. The reported earnings of 2.22 per share on revenue of $49.36 billion, topping estimates of 2.19 per share on revenue of $49 billion.

\\n

An analysis of Microsoft's chart suggests Microsoft's immediate support is now around $272.72; its resistance level is at $315.41. In terms of trend indicators, we can see that at $281.06, Microsoft made an initial breakout below the 10 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.

\\n

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

\\n

The company has a market cap of $2 trillion the year 2022 has not been the best for the software giant, it lost 16.5% of its value. So far in 2022, it has been outperforming the Nasdaq by 10.68%.

\\n

\\n
\\n

The No. 1 mistake people make when applying for jobs, according to Microsoft's head of recruiting (via @CNBCMakeIt) https://t.co/YSpInMcB06

\\n

— CNBC (@CNBC) May 1, 2022

\\n

\\n

\\n\",\"\\n

Google ended the session at $2,299.33 (-3.72%)

\\n

(Last update 3:41pm EST, May 1, 2022)

\\n

\\n

Friday at a glance: the leading search engine company dropped 3.72% early on and stayed at the $2,299.33 range. The trading volume was 1.57 million; slightly above the daily average of 1.40 million.

\\n

The company reported earnings of 24.62 per share Tuesday, falling short of expectations of 25.75. Revenue was also lower than expected at $68 billion versus $68 billion. Since the release of its earnings report, Google lost 6.72%

\\n

Google chart analysis: Google's immediate support is around $2,269, its resistance level is at $2,873. In terms of trend indicators, we can see that although down today, it's worth noting that in earlier trading Google peaked above the $2,359.59 3 day Simple Moving Average, usually an indication that a positive move might be approaching. 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, the technical analysis picture suggests Google is neutral for the immediate future, with no clear-cut direction.

\\n

The company's market cap is $1.51 trillion the year 2022 has not been the best for the leading search engine company, it lost 20.14% of its value. So far in 2022 it has been beating the Nasdaq by 7.04%.

\\n

\\n
\\n

Not even Alphabet’s Google is immune from pressures in the online ad sector, as @djtgallagher explains #WSJWhatsNow https://t.co/3LAzW7pT6H pic.twitter.com/ap0XCtYMyR

\\n

— The Wall Street Journal (@WSJ) May 1, 2022

\\n

\\n

\\n\",\"\\n

Tesla closed at $870.76 after losing 0.77% Friday

\\n

(Last update 3:41pm EST, May 1, 2022)

\\n

\\n

A quick look at Friday: after ending Thursday at $877.51, Tesla fell to $870.76 Overall, a 0.77% move or $6.75 Friday. The trading volume was 29.38 million, which is slightly greater than the daily average of 24.73 million.

\\n

A chart visual study suggests the nearest support level is at $849.04, to be followed by $827.32. Trend indicators show us that at $903.08, Tesla made an initial breakout below the 200 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. Despite this, Bollinger bands shows an indication of recovery: the lower band is at $836.63, a low enough level to, generally, suggest that Tesla 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 Tesla.

\\n

The company has a market cap of $902.12 billion the year 2022 has not been the best for Elon Musk's electric cars company, it lost 27.27% of its value. So far in 2022, it has been under-performing the Nasdaq by 0.09%.

\\n\",\"\\n

Zoom dropped by 2.92% and closed the session at $99.57

\\n

(Last update 3:41pm EST, May 1, 2022)

\\n

\\n

A quick look at Friday: Zoom ranged between $107.77 and $99.39, but settled at $99.57. The trading volume was 3.61 million — below the daily average of 3.88 million.

\\n

A chart visual study suggests Zoom might start to recover soon because it is getting close to its support line— now only $4.93 away at $94.64. 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 $93.46, a low enough level to, generally, suggest that Zoom is trading below its value. In contrast, at $103.3, Zoom made an initial breakout below the 10 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 Zoom might reverse course and start pointing upward in the short term.

\\n

Zoom's market cap is currently $29.78 billion 9 months ago the video communications platform provider has hit its yearly high point of $401.12, since than it lost 74.43%. So far in 2022, it has been doing worse than the Nasdaq by 18.05%.

\\n

\\n
\\n

Instacart, the grocery delivery start-up, is facing an uncertain future. The company has parted ways with its founder and shifted its strategy as it tries to avoid becoming another pandemic boom company that has fizzled, like Peloton or Zoom. https://t.co/wNS4Ol3Qar

\\n

— NYT Business (@nytimesbusiness) May 1, 2022

\\n

\\n

\\n\",\"\\n

Netflix traded at $190.36, down by 4.59% when the session closed

\\n

(Last update 3:41pm EST, May 1, 2022)

\\n

\\n

A quick look at Friday: light red but with no clear-cut direction, the streaming company closed the session at $190.36 after ranging between $204.71 and $190. The trading volume was 16.39 million — slightly below the daily average of 19.29 million.

\\n

A study of Netflix's graph shows key levels to watch: Netflix's nearest support level is at $185.34, followed by $180.31 at the next level. Trend indicators show us that although down today, it's worth noting that in earlier trading Netflix peaked above the $202.38 5 day Simple Moving Average, usually an indication that a positive move might be approaching. According to momentum evaluation, the Relative Strength Index indicates Netflix is in strong oversold condition.

\\n

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

\\n

Netflix's market cap currently stands at $84.57 billion the year 2022 has not been the best for the streaming heavyweight, it lost 67.1% of its value. So far in 2022, it has been under-performing the Nasdaq by 39.92%.

\\n\",\"\\n

Walmart traded at $153, down by 2.06% when the session closed

\\n

(Last update 4:01pm EST, May 1, 2022)

\\n

\\n

Friday at a glance: after closing the previous trading day at $156.21 and dropping to $152.71, the discount department and warehouse stores chain closed Friday at $153. Overall, Walmart lost 2.06% of its value. The trading volume was 7 million, which is above the daily average of 6.92 million.

\\n

Chart pattern study shows the nearest support level is at $145.78, to be followed by $141.95. In terms of trend indicators, we can see that at $155.37, Walmart made an initial breakout below the 21 day Simple Moving Average, an indication of a negative trend. Analysis based on the asset volatility indicates that Bollinger bands shows an indication of recovery: the lower band is at $151.6, a low enough level to, generally, suggest that Walmart is trading below its value.

\\n

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

\\n

Walmart has a market cap of $421.15 billion the warehouse stores chain company is now trading 2.29% below its yearly high ($159.87) that it held 10 days ago. So far in 2022 it has been beating the Dow Jones by 16.28%.

\\n

\\n
\\n

Study shows Walmart is the least-liked retailerhttps://t.co/pvueTUBiWq

\\n

— TheStreet (@TheStreet) May 1, 2022

\\n

\\n

\\n\",\"\\n

Procter & Gamble dropped by 1.75% and closed the session at $160.55

\\n

(Last update 4:01pm EST, May 1, 2022)

\\n

\\n

Friday at a glance: the consumer goods corporation remained in the $160.55 range, after closing Thursday at $163.41 and dropping by 1.75% Friday. Procter & Gamble went above the daily average (7.40 million) with a volume of 10.64 million.

\\n

A study of Procter & Gamble's graph shows key levels to watch: Procter & Gamble's nearest support level is at $143.22. In terms of trend indicators, we can see that at $160.77, Procter & Gamble made an initial breakout below the 10 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 continue pointing down in the short term.

\\n

Procter & Gamble's market cap currently stands at $385.21 billion the consumer goods company is now trading 23.77% above its yearly low ($162.95) that it has slumped into 10 months ago. So far in 2022 it has been beating the Dow Jones by 9.22%.

\\n\",\"\\n

Walt Disney ended the session at $111.63 (-3.17%)

\\n

(Last update 4:01pm EST, May 1, 2022)

\\n

\\n

Friday at a glance: the entertainment giant slid down from $115.29 to $111.63, taking a 3.17% loss Friday. Trading volume (16.91 million) was slightly greater than the last 21 day average by 127.37%.

\\n

An analysis of Walt Disney's chart suggests Walt Disney's immediate support is around $110, its resistance level is at $142.38. In terms of trend indicators, we can see that although down today, it's worth noting that in earlier trading Walt Disney peaked above the $115.42 3 day Simple Moving Average, usually an indication that a positive move might be approaching. 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 momentum evaluation, the Relative Strength Index indicates Walt Disney is in an oversold condition, allowing for more gains. According to asset volatility analysis, Bollinger bands shows an indication of recovery: the lower band is at $109.43, a low enough level to, generally, suggest that Walt Disney is trading below its value.

\\n

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

\\n

Walt Disney's market cap currently stands at $203.24 billion the entertainment and content production company is now trading 3.28% above its yearly low ($116) that it has slumped into 2 days ago. So far in 2022, it has been under-performing the Dow Jones by 17.49%.

\\n\",\"\\n

Coca-Cola traded at $64.61, down by 2.39% when the session closed

\\n

(Last update 4:01pm EST, May 1, 2022)

\\n

\\n

Friday at a glance: after closing the previous trading day at $66.19 and dropping to $64.49, the soft drink company closed Friday at $64.61. Overall, Coca-Cola lost 2.39% of its value. Slightly above the daily average volume of 15.97 million, Coca-Cola traded with 20.14 million Friday.

\\n

Coca-Cola was down, even though its quarterly earnings released on Monday beat the analysts’ estimates. The reported earnings of 0.64 per share on revenue of $10.49 billion, topping estimates of 0.5792 per share on revenue of $9.83 billion.

\\n

An analysis of Coca-Cola's chart suggests Coca-Cola's nearest support level is at $57.88. In terms of trend indicators, we can see that at $65.47, Coca-Cola made an initial breakout below the 10 day Simple Moving Average, an indication of a negative trend.

\\n

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

\\n

Coca-Cola's market cap currently stands at $280 billion the soft drinks giant is up 26.56% on its yearly low ($52.3) that i hit 4 months ago. So far in 2022, it has performed better than the Dow by 19.36%.

\\n\",\"\\n

Pfizer traded at $49.07, down by 2.85% when the session closed

\\n

(Last update 4:01pm EST, May 1, 2022)

\\n

\\n

Friday at a glance: the pharmaceuticals and biotechnology company remained in the $49.07 range, after closing Thursday at $50.51 and dropping by 2.85% Friday. Trading volume (28.34 million) was slightly greater than the latest 21 day volume average by 120.97%.

\\n

Pfizer is scheduled to announce earnings results Tuesday. The consensus EPS estimate is 1.52 and the consensus revenue estimate is $23.97 billion.

\\n

A chart visual study suggests the nearest support level is at $48.6, while the closest resistance is at $55.17. In terms of trend indicators, we can see that at $49.29, Pfizer made an initial breakout below the 200 day Simple Moving Average, an indication of a negative trend.

\\n

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

\\n

The company has a market cap of $277.14 billion 4 months ago the pharmaceuticals and biotechnology company has hit its yearly high point of $61.25, since than it lost 17.53%. So far in 2022, it has been under-performing the Dow Jones by 2.41%.

\\n

\\n
\\n

Distribution of Pfizer’s Paxlovid has to expand quickly—or else the world risks repeating many of the same mistakes from the global rollout of vaccines https://t.co/1ZOTr61G9t

\\n

— Businessweek (@BW) May 1, 2022

\\n

\\n

\\n\",\"\\n

McDonald's dropped by 1.98% and closed the session at $249.16

\\n

(Last update 3:31pm EST, May 1, 2022)

\\n

\\n

Friday at a glance: the fast food giant dropped 1.98% early on and stayed at the $249.16 range. The trading volume was 3.39 million; slightly greater than the daily average of 2.56 million.

\\n

McDonald's was down, even though its quarterly earnings released on Thursday beat the analysts’ estimates. The reported earnings of 2.28 per share on revenue of $5.67 billion, topping estimates of 2.17 per share on revenue of $5.57 billion.

\\n

Important graph levels to look out for: McDonald's might start to recover soon because it is getting close to its support line— now only $2.02 away at $247.14. 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 $246.37, a low enough level to, generally, suggest that McDonald's is trading below its value. On the other hand, note that at $251.03, McDonald's made an initial breakout below the 21 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 McDonald's might reverse course and start pointing upward in the short term.

\\n

McDonald's's market cap currently stands at $184.28 billion the fast food giant is up 14.5% on its yearly low ($222) that i hit a month ago. So far in 2022 it has been beating the Dow by 3.54%.

\\n\",\"\\n

Bitcoin steady at $37,849, no significant movement

\\n

(Last update 3:31pm EST, May 1, 2022)

\\n

\\n

Bitcoin trades at $37,849 after gaining $148.78 (0.35%).

\\n

As the day reaches an end a chart visual study suggests Bitcoin's resistance level is now at $47,466. 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, Bitcoin's lower Bollinger band is at $37,734, indicating a positive move might be next.

\\n

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

\\n

Bitcoin is currently trading with a market cap of 720.18 billion 5 months ago Bitcoin has hit its yearly high point of $67,600, since than it lost 44.2%.

\\n

\\n
\\n

The Central African Republic declares Bitcoin an official currency, the second nation in the world to accept it as legal tender https://t.co/rjBoahcCqz

\\n

— Bloomberg (@business) May 1, 2022

\\n

\\n

\\n\",\"\\n

CME Gold reached $1,897 per ounce after gaining 0.3% Friday

\\n

(Last update 3:31pm EST, May 1, 2022)

\\n

\\n

Friday at a glance: CME Gold gained $5.7 and stayed at the $1,897 per ounce level.

\\n

Trend indicators show us that at $1,915.6, U.S. Gold made an initial breakout above 5 day Simple Moving Average, an indication of a positive trend. Analysis based on the asset volatility indicates that Chicago Gold's lower Bollinger band is at $1,875.43, indicating further gains might be next.

\\n

Examining the technical analysis landscape, U.S. Gold might continue its downtrend in the short term.

\\n

A month ago CME Gold has hit its yearly high point of $2,058.3, since than it lost 8.11%.

\\n

\\n
\\n

Lithium is the "white gold" of electric vehicles — but the U.S. has a lithium supply problem. Watch the full video to learn how the U.S. fell far behind: https://t.co/OugS9EOMX2 pic.twitter.com/IRCL6x6jIo

\\n

— CNBC (@CNBC) April 30, 2022

\\n

\\n

\\n\",\"\\n

Chicago Oil lost 0.87% Friday, ending at $104.61 per barrel

\\n

(Last update 3:31pm EST, May 1, 2022)

\\n

\\n

Friday at a glance: after ending Thursday at $105.53, U.S. Oil went up to $108.43 only to drop back to its starting point and close at $104.61 per barrel.

\\n

Oil's graph levels to watch: the nearest support level is at $95.18, while the closest resistance is at $114.35. 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, looking at the technical analysis landscape, it seems CME Oil is likely to continue pointing down in the short term.

\\n

Oil is now trading 15.42% below its yearly high ($124.77) that it held a month ago.

\\n

\\n
\\n

Germany Speeds Up Time Frame For Ending Russian Oil Dependence https://t.co/VP3pAcUzq7 pic.twitter.com/VZRv0y7poT

\\n

— Forbes (@Forbes) May 1, 2022

\\n

\\n

\\n\",\"\\n

The Euro reached 1.0545 after gaining 0.44% Friday

\\n

(Last update 3:31pm EST, May 1, 2022)

\\n

\\n

A quick look at Friday: the Euro rallied 45 pips and maintained the 1.0545 level.

\\n

The Euro chart analysis: the Euro's nearest resistance level is at 1.0981, followed by 1.1157 at the next level. In terms of trend indicators, we can see that at 1.0563, Euro/Dollar made an initial breakout above 3 day Simple Moving Average, an indication of a positive 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. According to momentum evaluation, the Relative Strength Index indicates Euro/Dollar is in an oversold condition, allowing for more gains. Analysis based on the asset volatility indicates that Euro/Dollar's lower Bollinger band is at 1.0508, indicating further gains might be next. Japanese Candlestick formations detected today show that "bullish engulfing”, when it appears on top of a bearish overall trend, as it is now, some traders would consider this as an indication of a trend reversal.

\\n

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

\\n

The year 2022 has not been the best for the Euro, it lost 7.29% of its value.

\\n\",\"\\n

The British Pound reached 1.2576 after gaining 0.95% Friday

\\n

(Last update 4:11pm EST, May 1, 2022)

\\n

\\n

Friday at a glance: the Pound went up to 1.2576 Friday, gaining 0.95%.

\\n

Visual analysis of Pound/Dollar's price graph shows the Pound's nearest resistance level is at 1.3116, followed by 1.3261 at the next level. Trend indicators show us that at 1.2523, the Pound made an initial breakout above 3 day Simple Moving Average, an indication of a positive 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.

\\n

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

\\n

The British Pound has lost 6.16% over the last 2 months.

\\n\",\"\\n

Dollar/Yen erased gains after record high, closed at 129.79

\\n

(Last update 4:11pm EST, May 1, 2022)

\\n

\\n

130.89 is where Dollar/Yen ended Thursday; it reached a record high of 130.96 Friday, changed by 116 pips and closed at 129.79.

\\n

An analysis of Dollar/Yen's chart suggests Dollar/Yen might start to recover soon because it is getting close to its support line— now only 71 pips away at 129.08. Dipping below could be an indication that further losses are ahead. 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.

\\n

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

\\n

Dollar/Yen has gained 12.35% over the last 2 months.

\\n

\\n
\\n

Vietnam, Japan agree to boost trade, security ties https://t.co/yIC4v2arM5 pic.twitter.com/s6elgqioI3

\\n

— Reuters (@Reuters) May 1, 2022

\\n

\\n

\\n\",\"\\n

Dollar/Swiss continued a six day positive streak, up 10 pips to 0.9734.

\\n

(Last update 4:11pm EST, May 1, 2022)

\\n

\\n

A quick look at Friday: after dipping down to 0.9671, Dollar/Swiss regained earlier losses and closed at 0.9734.

\\n

A study of Dollar/Swiss's graph shows key levels to watch: Dollar/Swiss's immediate resistance is around 0.975 and its nearest support level is at 0.923. 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/Swiss is in a strong overbought condition. In contrast, a slight indication of a slowdown comes from looking at the Bollinger bands: the upper band is at 0.9785 – a high enough level to usually suggest Dollar/Swiss is trading above its value.

\\n

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

\\n

Dollar/Swiss is now trading 0.11% below its yearly high (0.9734) that it held 2 days ago.

\\n\",\"\\n

Continuing its six day losing streak, Aussie/Dollar further drops by 0.52% to close at 0.7061.

\\n

(Last update 4:11pm EST, May 1, 2022)

\\n

\\n

Friday at a glance: after ending Thursday at 0.7098, the Australian dollar went up to 0.718 only to drop back to its starting point and close at 0.7061.

\\n

Important graph levels to look out for: Aussie/Dollar's immediate support is around 0.7021, its resistance level is at 0.7581. Trend indicators show us that although down today, it's worth noting that in earlier trading Aussie/Dollar peaked above the 0.7152 5 day Simple Moving Average, usually an indication that a positive move might be approaching. The MACD line is significantly below the MACD signal line, meaning this medium-term trend might turn positive. Analysis based on the asset volatility indicates that Bollinger bands shows an indication of recovery: the lower band is at 0.6993, a low enough level to, generally, suggest that the Australian dollar is trading below its value.

\\n

Technical analysis indicates that the Australian dollar (currently on a downtrend) might reverse course and start pointing upward in the short term.

\\n

Aussie/Dollar has lost 6.36% over the last 5 months.

\\n\\n\"],\"title\":\"Financial Markets Review – 1 May 2022 – 16:11:24\",\"date\":\"2022-05-01T20:11:24\"}"; var omg_ads = JSON.parse(decodeHtml(omg_ads_string)); } catch (e) { var omg_ads = JSON.parse(omg_ads_string); }