\\n

\\n\",\"\\n

The Dow up 0.84%, trading around 32,700

\\n

(Last update 1:51pm EST, March 24, 2021)

\\n

\\n

The Dow Jones gained 276.85 points and is hovering at the 32,700 level.

\\n

Visual analysis of the Dow's price graph shows the Dow immediate resistance is around 32,900, nearest support level is at 31,962. In terms of trend indicators, we can see that at 32,700, Dow made an initial breakout above the 10 day Simple Moving Average, an indication of a positive trend.

\\n

Overall, looking at the technical analysis landscape, it seems Dow might continue pointing upwards in the short term.

\\n

The Dow Jones started 2021 by gaining 5.6%.

\\n

\\n
\\n

Dow Jumps 200 Points, GameStop And ViacomCBS Plunge, Prompting Warnings Of Risky Stock Frenzies https://t.co/RRPkQoPffA

\\n

— Forbes (@Forbes) March 24, 2021

\\n

\\n

\\n\",\"\\n

S&P 500 drifts up to 3,926.21 up 15.69 points

\\n

(Last update 1:51pm EST, March 24, 2021)

\\n

\\n

After starting the day at 3,910.52, S&P 500 went up to 3,942 only to drop back to the half way point range and is now trading at 3,926.21.

\\n

In terms of trend indicators, we can see that at 3,936.69, S&P made an initial breakout above the 10 day Simple Moving Average, an indication of a positive trend.

\\n

Overall, looking at the technical analysis landscape, it seems S&P might continue pointing upwards in the short term.

\\n

The S&P 500 started 2021 by gaining 3.95%.

\\n\",\"\\n

Apple slips to $121.35 (down 0.97%) after starting the day at $122.54

\\n

(Last update 1:52pm EST, March 24, 2021)

\\n

\\n

The mobile and tech colossus slid down from $122.54 to $121.35, losing $1.19 (0.97%).

\\n

Chart visual study suggest Apple might start to recover soon because it is getting closer and is now only $1.36 from the support line at $120, Obviously, dipping below it could be an indication that further losses are ahead. In terms of trend indicators, we can see that at $121.97, Apple made an initial breakout below the 3 day Simple Moving Average, an indication of a negative trend.

\\n

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

\\n

With a market cap of $2.04 trillion, The mobile and tech colossus started in 2021 by losing 8.28%. So far this year it is under-performing the S&P 500 by 12.23%.

\\n

\\n
\\n

Xiaomi is the new Chinese smartphone king. It was the third-largest smartphone seller in the world toward the end of last year, behind Apple and Samsung. https://t.co/XlKPFCpgTj

\\n

— The Wall Street Journal (@WSJ) March 24, 2021

\\n

\\n

\\n\",\"\\n

Facebook withdraws to $285.6 (down 1.73%) after starting the day at $290.63

\\n

(Last update 1:52pm EST, March 24, 2021)

\\n

\\n

The social media company slid down from $290.63 to $285.6, losing $5.03 (1.73%).

\\n

Facebook's graph levels to watch: Facebook's nearest support level is at $273.97, followed by $258.33 at the next level. In terms of trend indicators, we can see that at $287.38, Facebook 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 Facebook is likely to continue pointing down in the short term.

\\n

With a market cap of $813.28 billion, Mark Zuckerberg's company started in 2021 by gaining 6%. So far this year it is outperforming the S&P 500 by 2.06%.

\\n

\\n
\\n

Facebook may have to disclose some app records in privacy probe, Massachusetts court rules https://t.co/8W9Dxh7i4x pic.twitter.com/x6B6tI11Uo

\\n

— Reuters (@Reuters) March 24, 2021

\\n

\\n

\\n\",\"\\n

After three days of going up, Amazon is down 0.59% today

\\n

(Last update 1:51pm EST, March 24, 2021)

\\n

\\n

Currently light red but with no clear-cut direction, Jeff Bezos’s company is trading at $3,119 after ranging today between $3,160 and $3,102.62.

\\n

In terms of trend indicators, we can see that at $3,130.81, Amazon made an initial breakout below the 200 day Simple Moving Average, an indication of a negative trend. Asset volatility analysis shows that the upper Bollinger band is at $3,182.34, indicating a further downward move might be next. However, Amazon might start to recover soon because it is getting closer and is now only $90.88 from the support line at $3,028, obviously dipping below it could be an indication that further losses are ahead.

\\n

Overall, 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 Amazon.

\\n

with a market cap of $1.57 trillion, Jeff Bezos’s company started 2021 by losing 3.81%. So far this year it is under-performing the S&P by 7.76%.

\\n

\\n
\\n

Work conditions at Amazon warehouses are increasingly in the spotlight as the e-commerce giant faces pressure to make changes https://t.co/n1VgcXPpfW

\\n

— The Wall Street Journal (@WSJ) March 24, 2021

\\n

\\n

\\n\",\"\\n

Microsoft down slightly to $236.59 (down 0.42%) after starting the day at $237.58

\\n

(Last update 1:26pm EST, March 24, 2021)

\\n

\\n

The software giant has recovered some, but not all the way back to $237.58 after dipping down to $235.33.

\\n

A study on Microsoft's chart pattern shows Microsoft might start to recover soon because it is getting close and is now only $4.62 from the support line at $231.96, Obviously, dipping below it could be an indication that further losses are ahead. Asset volatility analysis shows that the upper Bollinger band is at $240.26, indicating a further downward move might be next.

\\n

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

\\n

With a market cap of $1.78 trillion, The software giant started in 2021 by gaining 6.38%. So far this year it is outperforming the Dow by 0.78%.

\\n

\\n
\\n

This New Feature Instantly Makes Microsoft Edge The Best Browser On A Mac https://t.co/OOhLvasaEr

\\n

— Forbes (@Forbes) March 24, 2021

\\n

\\n

\\n\",\"\\n

After starting the day at $2,053, Google crawls up to $2,058.69 (up 0.28%)

\\n

(Last update 1:26pm EST, March 24, 2021)

\\n

\\n

Currently light green but with no clear-cut direction, Alphabet is trading at $2,058.69 after ranging today between $2,078.21 and $2,052.

\\n

A study of Google's graph shows key levels to watch: although Google is green today and was as high as $2,078.21, it seems to be slowing down slightly and moving away from the $2,128.31 resistance line, and is now $69.62 below it. In terms of trend indicators, we can see that although up today, it's worth noting that earlier Google dropped below the 21 day Simple Moving Average as it was trading at $2,062.17, usually an indication that a negative trend is ahead. However, the lower Bollinger band is at $2,017, indicating further gains might be next.

\\n

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

\\n

with a market cap of $1.38 trillion, The search engine giant started in 2021 by gaining 14.67%. So far this year it is outperforming the S&P by 10.72%.

\\n

\\n
\\n

Google CEO warns of 'unintended consequences' if Congress kills Section 230 https://t.co/50O6zKroMn by @DanielHowley pic.twitter.com/OteHuckWAP

\\n

— Yahoo Finance (@YahooFinance) March 24, 2021

\\n

\\n

\\n\",\"\\n

Tesla withdraws to $645.15 (down 2.57%) after starting the day at $662.16

\\n

(Last update 1:26pm EST, March 24, 2021)

\\n

\\n

After a mostly steady session, Elon Musk's electric car company lost 2.57%, trading at $645.15.

\\n

Important graph levels to look out for: Tesla's nearest support level is at $563. In terms of trend indicators, we can see that although down today, it's worth noting that at $662.34 Tesla did peak above the 3 day Simple Moving Average earlier, usually an indication that a positive move is maybe ahead. Asset volatility analysis shows that a slight indication of recovery comes from looking at the Bollinger bands: the lower band is at $634.12 – a low enough level to usually suggest Tesla is trading below its value. On the other hand, note that 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.

\\n

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

\\n

With a market cap of $619.25 billion, The trendy electric car company started in 2021 by losing 6.57%. So far this year it is under-performing the Nasdaq by 9.14%.

\\n

\\n
\\n

New for subscribers: Mike Santoli's market notes: Retail investors’ fever breaks as GameStop deflates, Tesla trades poorly. Check out @CNBCPro today. https://t.co/wuuG5NYuwG

\\n

— CNBC (@CNBC) March 24, 2021

\\n

\\n

\\n\",\"\\n

After three days of going up, Zoom is down 5.72% today

\\n

(Last update 1:26pm EST, March 24, 2021)

\\n

\\n

The video communications platform provider remains in the $320.33 range after starting the session at $339.76 and dropping 5.72%.

\\n

Zoom chart analysis: Zoom might start to recover soon because it is getting closer and is now only $9.4 from the support line at $310.93, Obviously, dipping below it could be an indication that further losses are ahead. Asset volatility analysis shows that a slight indication of recovery comes from looking at the Bollinger bands: the lower band is at $312.39 – a low enough level to usually suggest Zoom is trading below its value.

\\n

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

\\n

With a market cap of $94.09 billion, The video communications platform provider started in 2021 by gaining 0.72%. So far this year it is under-performing the Nasdaq by 1.85%.

\\n\",\"\\n

After three days of going up, Netflix is down 1.66% today

\\n

(Last update 1:26pm EST, March 24, 2021)

\\n

\\n

The streaming heavyweight remains in the $526.23 range after starting the session at $535.09 and dropping 1.66%.

\\n

In terms of trend indicators, we can see that at $524.82, Netflix made an initial breakout below the 21 day Simple Moving Average, an indication of a negative trend. Asset volatility analysis shows that the upper Bollinger band is at $537.25, indicating a further downward move might be next. However, Netflix reversed direction at $523.28 support zone and climbed $2.94 above it.

\\n

Overall, 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 Netflix.

\\n

with a market cap of $233.06 billion, The streaming company started in 2021 by losing 1.05%. So far this year it is under-performing the S&P 500 by 5%.

\\n\",\"\\n

End of a rally? After three days of gains, Walmart is down 0.23% today

\\n

(Last update 1:51pm EST, March 24, 2021)

\\n

\\n

Currently light red but with no clear-cut direction, the discount department and warehouse store are trading at $133.63 after ranging today between $134.41 and $133.05.

\\n

Walmart's graph levels to watch: nearest support level is at $127.53, while the closest resistance is at $139.27. In terms of trend indicators, we can see that even though currently pointing down, the 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. Asset volatility analysis shows that the upper Bollinger band is at $134.72, indicating a further downward move might be next.

\\n

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

\\n

With a market cap of $376.45 billion, The warehouse store chain company started in 2021 by losing 8.37%. So far this year it is under-performing the Dow by 13.97%.

\\n

\\n
\\n

"It’s a long-term strategic move. We think there will be an after Covid-19 crisis, and we think Brazil has very good economic and retail prospects," says Carrefour CFO Mathieu Malige about the company's bid for Walmart's former Brazil unit https://t.co/Drso0KXGti pic.twitter.com/21Zpym7WxM

\\n

— Bloomberg TV (@BloombergTV) March 24, 2021

\\n

\\n

\\n\",\"\\n

Steady Procter & Gamble holds at $132.73

\\n

(Last update 1:51pm EST, March 24, 2021)

\\n

\\n

After dropping down to $130.62, the consumer goods corporation recovered some losses and is currently trading at $132.73.

\\n

An analysis of the Procter & Gamble chart suggests Procter & Gamble's nearest support level is at $122.15. In terms of trend indicators, we can see that at $132.93, Procter & Gamble made an initial breakout above the 200 day Simple Moving Average, an indication of a positive trend. 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 Procter & Gamble is in strong overbought condition. In contrast, the upper Bollinger band is at $132.83, indicating a downward move might be next.

\\n

Overall, looking at the technical analysis landscape, it seems Procter & Gamble might be pointing upward in the short term.

\\n

With a market cap of $326.84 billion, The consumer goods corporation started 2021 by losing 4.93%. So far this year it is under-performing the Dow by 10.53%.

\\n\",\"\\n

Walt Disney goes down to $186.79 (down 1.03%) after starting the day at $188.73

\\n

(Last update 1:51pm EST, March 24, 2021)

\\n

\\n

The entertainment and content production company dropped 1.03% early on and is steady at the $186.79 range.

\\n

Important graph levels to look out for: Walt Disney might start to recover soon because it is getting close and is now only $3.79 from the support line at $183, Obviously, dipping below it could be an indication that further losses are ahead. 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 has gone below 30, going into oversold conditions and allowing more gains. Asset volatility analysis shows that Walt Disney has just crossed the lower Bollinger band at $187.47, indicating further loses might be next

\\n

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

\\n

With a market cap of $339.07 billion, The entertainment and content production company has started 2021 by gaining 5%. So far this year it is under-performing the Dow by 0.58%.

\\n\",\"\\n

Coca-Cola is growing its four-day winning streak and is trading at $51.74, gaining 0.68%.

\\n

(Last update 1:51pm EST, March 24, 2021)

\\n

\\n

The soft drinks giant gained 0.68% and is hovering at the $51.74 level.

\\n

In terms of trend indicators, we can see that medium-term trend indications have 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 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. On the other hand, note that a slight indication of a slowdown comes from looking at the Bollinger bands: the upper band is at $51.83 – 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

With a market cap of $222.96 billion, The soft drinks giant started 2021 by losing 6.71%. So far this year it is under-performing the Dow by 12.31%.

\\n\",\"\\n

Pfizer climbs to $35.81 up 1.28%

\\n

(Last update 1:51pm EST, March 24, 2021)

\\n

\\n

The pharmaceuticals and biotechnology company was trading at $35.81 after starting the day at $35.36 and gaining 45 cents (1.28%).

\\n

The Chart visual study suggests Pfizer's immediate resistance is around $36.15, nearest support level is at $33.49. In terms of trend indicators, we can see that at $35.69, Pfizer made an initial breakout above the 5 day Simple Moving Average, an indication of a positive trend. Asset volatility analysis shows that the upper Bollinger band is at $36.29, This is a slight indication of a slowdown.

\\n

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

\\n

With a market cap of $199.77 billion, The pharmaceuticals and biotechnology company started 2021 by losing 4.1%. So far this year it is under-performing the Dow Jones by 9.7%.

\\n

\\n
\\n

After bringing the first vaccine to market, Pfizer hopes for the next breakthrough https://t.co/GshJuvpgAr

\\n

— Forbes (@Forbes) March 24, 2021

\\n

\\n

\\n\",\"\\n

McDonald's goes back up to November 2020 levels, reaching $227.02

\\n

(Last update 1:56pm EST, March 24, 2021)

\\n

\\n

After opening at $224.37, the fast food giant reached $227.02, breaking a 4 – month record. Later, it lost $1.62 and is now trading at $225.4.

\\n

A study of McDonald's's graph shows key levels to watch: McDonald's immediate resistance is around $226.12, nearest support level is at $215.98. 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. Asset volatility analysis shows that a slight indication of a slowdown comes from looking at the Bollinger bands: the upper band is at $229.27 – a high enough level to usually suggest McDonald's is trading above its value.

\\n

Overall, the technical analysis suggests McDonald's is neutral for the immediate future, with no clear-cut direction.

\\n

With a market cap of $168.05 billion, The fast food giant started in 2021 by gaining 4.49%. So far this year it is under-performing the Dow by 1.11%.

\\n\",\"\\n

Bitcoin up slightly to $56,483 up $1,819

\\n

(Last update 1:56pm EST, March 24, 2021)

\\n

\\n

Hesitant but green: from an earlier low of $53,850, Bitcoin is up to $56,483 gaining $1,819 compared to the $54,664 start of the day (3.33%).

\\n

Important graph levels to look out for: nearest resistance level is at $57,540. In terms of trend indicators, we can see that at $55,229, Bitcoin made an initial breakout above the 21 day Simple Moving Average, an indication of a positive trend.

\\n

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

\\n

With a market cap of 1.05 trillion, Bitcoin started in 2021 by gaining 46.4%.

\\n

\\n
\\n

$TSLA and #Bitcoin: @jimcramer says @elonmusk is a 'pioneer' pic.twitter.com/IUCQJCa3ad

\\n

— TheStreet (@TheStreet) March 24, 2021

\\n

\\n

\\n\",\"\\n

After starting the day at $1,725, Gold crawls up to $1,733.3 (up $8.3)

\\n

(Last update 1:56pm EST, March 24, 2021)

\\n

\\n

Hesitant but green: from an earlier low of $1,722.3, Gold is up to $1,733.3 gaining $8.3 compared to the $1,725 start of the day (0.48%).

\\n

As the day reaches an end, a chart visual study suggests Gold's nearest resistance level is at $1,806.7, followed by $1,844.2 at the next level. In terms of trend indicators, we can see that at $1,727, Gold made an initial breakout above the 21 day Simple Moving Average, an indication of a positive trend. Asset volatility analysis shows that a slight indication of a slowdown comes from looking at the Bollinger bands: the upper band is at $1,752 – a high enough level to usually suggest Gold is trading above its value.

\\n

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

\\n

Gold started 2021 by losing 9.76%.

\\n

\\n
\\n

President Recep Tayyip Erdogan has called on Turks to cash in their gold and invest their savings to shore up financial markets roiled by his abrupt decision to sack the central bank chief https://t.co/ZeF5w81vky

\\n

— Financial Times (@FinancialTimes) March 24, 2021

\\n

\\n

\\n\",\"\\n

Oil logged a record single day jump ($2.91)

\\n

(Last update 1:56pm EST, March 24, 2021)

\\n

\\n

Opening at $57.76, crude oil was trading at $60.67 after making its biggest single-day jump ($2.91) recently.

\\n

As the day reaches an end, a chart visual study suggests the nearest resistance level is at $67.48. In terms of trend indicators, we can see that at $59.58, crude oil made an initial breakout above the 50 day Simple Moving Average, an indication of a positive trend.

\\n

Overall, looking at the technical analysis landscape, it seems crude oil might continue pointing upwards in the short term.

\\n

Oil started in 2021 by gaining 16%.

\\n

\\n
\\n

Republican-led states sue the Biden administration over a climate initiative they say would effectively ban oil and gas leases on federal land https://t.co/yvsOld428K

\\n

— Bloomberg (@business) March 24, 2021

\\n

\\n

\\n\",\"\\n

Euro/Dollar hits 1.1816, its lowest rate in 4 months

\\n

(Last update 1:56pm EST, March 24, 2021)

\\n

\\n

After starting the day at 1.1855, EUR/USD dropped to 1.1816, hitting its lowest point in 4 months, It later recovered 15 pips and is now trading at 1.1832

\\n

Euro/Dollar chart analysis: Euro resistance level is at 1.1984. 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 a slight indication of recovery comes from looking at the Bollinger bands: the lower band is at 1.1809 – a low enough level to usually suggest the Euro/Dollar is trading below its value.

\\n

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

\\n

The Euro/Dollar started 2021 by losing 2.42%.

\\n\",\"\\n

At 1.3677 The British Pound down to its lowest value in 6 weeks

\\n

(Last update 2:11pm EST, March 24, 2021)

\\n

\\n

Having started at 1.3755 GBP/USD dropped to 1.3677, hitting its lowest point in 6 weeks, later it recovered 28 pips and is now trading at 1.3706

\\n

A study on Pound/Dollar's chart pattern shows the pound resistance level is at 1.4138. 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 the Pound/Dollar is in oversold condition, allowing more gains. On the other hand, note that a slight indication of recovery comes from looking at the Bollinger bands: the lower band is at 1.373 – a low enough level to usually suggest the British Pound is trading below its value.

\\n

Overall, 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 British Pound

\\n

The Pound/Dollar started in 2021 by gaining 1.42%.

\\n

\\n
\\n

Women in 40s, 50s who survive COVID more likely to suffer persistent problems: UK studies https://t.co/DgL8a3iXT8 pic.twitter.com/OEw2ONbIzf

\\n

— Reuters (@Reuters) March 24, 2021

\\n

\\n

\\n\",\"\\n

Trend reversal? After three days of going down, Yen up 14 pips today

\\n

(Last update 2:11pm EST, March 24, 2021)

\\n

\\n

After starting the day at 108.61, USD/JPY went up to 108.96 only to drop back, yet still positive overall today, trading now at 108.75.

\\n

A study of the Yen's graph shows key levels to watch: Dollar/Yen nearest support level is at 105.04. In terms of trend indicators, we can see that at 108.89, Yen made an initial breakout above the 10 day Simple Moving Average, an indication of a positive trend. Asset volatility analysis shows that a slight indication of a slowdown comes from looking at the Bollinger bands: the upper band is at 109.22 – a high enough level to usually suggest the Yen is trading above its value.

\\n

Overall, the technical analysis suggests the Dollar/Yen is neutral for the immediate future, with no clear-cut direction.

\\n

The Yen started in 2021 by gaining 5.17%.

\\n\",\"\\n

After starting the day at 0.9337, Dollar/Swiss up slightly to 0.9351 (up 13 pips)

\\n

(Last update 2:11pm EST, March 24, 2021)

\\n

\\n

Small gain for USD/CHF at 0.9351 after ranging today between 0.9331 and 0.937.

\\n

Swiss franc chart analysis: Swiss franc immediate resistance is around 0.9396, nearest support level is at 0.87. 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. Asset volatility analysis shows that a slight indication of a slowdown comes from looking at the Bollinger bands: the upper band is at 0.9352 – a high enough level to usually suggest the Swiss franc is trading above its value.

\\n

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

\\n

The Swiss franc started in 2021 by gaining 4.16%.

\\n\",\"\\n

At 0.7584 Australian dollar down to its lowest value in 2 months

\\n

(Last update 2:11pm EST, March 24, 2021)

\\n

\\n

After starting the day at 0.7637 AUD/USD dropped to 0.7584, hitting its lowest point in 2 months, it later recovered 27 pips and is now trading at 0.7612

\\n

The chart visual study suggests the Australian dollar's immediate support is around 0.7606, resistance level is at 0.7965. Momentum evaluation shows the Relative Strength Index has gone below 30, going into oversold conditions and allowing more gains. Asset volatility analysis shows that a slight indication of recovery comes from looking at the Bollinger bands: the lower band is at 0.7627 – a low enough level to usually suggest the Australian dollar is trading below its value. 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.

\\n

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

\\n

The Aussie/Dollar started 2021 by gaining 0.61%.

\\n\\n\"],\"title\":\"Financial Markets Review – 24 March 2021 – 14:11:33\",\"date\":\"2021-03-24T18:11:33\"}"; var omg_ads = JSON.parse(decodeHtml(omg_ads_string)); } catch (e) { var omg_ads = JSON.parse(omg_ads_string); }