Monday 28th July 2014
THE SWISS FRANC closed higher on Friday as it extends this month’s rally. The highrange close sets the stage for a steady to higher opening when Friday’s night session begins trading. Stochastics and the RSI remain neutral to bullish signalling that sideways to higher prices are possible nearterm. If it extends the rally off July’s low, the 38% retracement level of the 20132014decline crossing is the next upside target. Closes below the 20day moving average crossing would confirm that a shortterm high has been posted.
See more analysis at Market Commentary | HY Markets
Monday 28th July 2014
THE YEN closed higher on Friday. Friday’s highrange close sets the stage for a steady to higher opening when Monday’s night session begins trading. Stochastics and the RSI are bullish signalling that sideways to higher prices are possible nearterm. If it extends this week’s rally, July’s high crossing is the next upside target. If it renews the decline off June’s high, May’s low crossing is the next downside target.
See more analysis at Market Commentary | HY Markets
Wednesday 30th July 2014
THE YEN closed higher on Tuesday. Tuesday’s highrange close sets the stage for a steady to higher opening when Wednesday’s night session begins trading. Stochastics and the RSI are bullish signalling that sideways to higher prices are possible nearterm. If it extends last week’s rally, July’s high crossing is the next upside target. Closes below the 10day moving average crossing would temper the bullish outlook.
See more analysis at Market Commentary | HY Markets
Thursday 31st July 2014
THE EURO closed lower on Wednesday. The midrange close sets the stage for a steady opening when Thursday’s night session begins trading. Stochastics and the RSI remain neutral to bearish signalling that sideways to lower prices are possible nearterm. If it extends this month’s decline, the 50% retracement level of the 20132014rally crossing is the next downside target. Closes above the 20day moving average crossing would confirm that a low has been posted.
See more analysis at Market Commentary | HY Markets
Friday 1st August 2014
US OIL closed lower on Thursday. The lowrange close sets the stage for a steady to lower opening when Friday’s night session begins. Stochastics and the RSI are turning neutral to bearish signalling that sideways to lower prices are possible nearterm. Multiple closes below the 10day moving average crossing are needed to confirm that a shortterm top has been posted. If it renews the rally off July’s low, June’s high crossing is the next upside target.
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HYMARKETS Stocks Report: Exxon Mobil Corp
• Exxon falls below correction target 102.00
• Next sell target - 98.00
Exxon recently fell sharply below the downward correction target 102.00 that was set in our earlier forecast for this company. The breakout of this correction target was preceded by the breakout of the lower support trendline of the daily up channel from March – which accelerated the currently active C-wave of the 4th intermediate ABC correction (4) from June – and led to the breakout of the round support level 100.00. Exxon is expected to fall further inside this C-wave toward the next sell target at 98.00 (forecast price for the completion of larger intermediate ABC wave (4)).
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The dollar traded unchanged or positive against most pairs the G10 during the European morning of Friday. Was positive against the GBP, the JPY, CAD, AUD and NOK, in that order, and negative against the SEK. The “greenback” was unchanged against the EUR, CHF and JPY.
Monday 4th August 2014
THE EURO closed higher due to short covering on Friday. The highrange close sets the stage for a steady to higher opening when Monday’s night session begins trading. Stochastics and the RSI are turning neutral to bullish hinting that a low might be in or is near. Closes above the 20day moving average crossing are needed to confirm that a low has been posted. If it extends this month’s decline, the 62% retracement level of the 20132014rally crossing is the next downside target.
See more analysis at Market Commentary | HY Markets
Tuesday 5th August 2014
STERLING closed higher on Monday as it consolidated some of last week’s decline. The highrange close sets the stage for a steady to higher opening when Tuesday’s night session begins trading. Stochastics and the RSI remain neutral to bearish signalling that sideways to lower prices are possible nearterm. If it extends the decline off July’s high, May’s low crossing is the next downside target. Closes above the 20day moving average crossing would confirm that a low has been posted.
See more analysis at Market Commentary | HY Markets
Wednesday 6th August 2014
THE SWISS FRANC closed higher on Tuesday extending this summer’s rally. The midrange close sets the stage for a steady to higher opening when Wednesday’s night session begins trading. Stochastics and the RSI are turning neutral to bearish hinting that a high might be in or is near. Closes below the 20day moving average crossing would confirm that a shortterm high has been posted. If it extends the rally off July’s low, the 50% retracement level of the 20132014decline crossing is the next upside target.
See more analysis at Market Commentary | HY Markets
Thursday 7th August 2014
THE YEN closed lower on Wednesday. Wednesday’s midrange close sets the stage for a steady opening when Thursday’s night session begins trading. Stochastics and the RSI are neutral to bearish hinting that a high might be in or is near. Closes below the 20day moving average crossing would temper the bullish outlook. If it renews the rally off July’s low, April’s high crossing is the next upside target.
See more analysis at Market Commentary | HY Markets
Friday 8th August 2014
THE SWISS FRANC closed higher on Thursday. The midrange close sets the stage for a steady to higher opening when Friday’s night session begins trading. Stochastics and the RSI are turning neutral to bearish hinting that a high might be in or is near. Closes below the 20day moving average crossing would confirm that a shortterm high has been posted. If it extends the rally off July’s low, the 50% retracement level of the 20132014decline crossing is the next upside target.
See more analysis at Market Commentary | HY Markets
Monday 11th August 2014
THE EURO closed higher on Friday. The highrange close sets the stage for a steady opening when Monday’s night session begins trading. Stochastics and the RSI remain neutral to bearish signalling that additional weakness is possible nearterm. If it extends this summer’s decline, the 62% retracement level of the 20132014rally crossing is the next downside target. Closes above the 20day moving average crossing are needed to confirm that a low has been posted.
See more analysis at Market Commentary | HY Markets
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Tuesday 12th August 2014
SPOT GOLD closed lower on Monday as it consolidates some of last week’s rally. The highrange close sets the stage for a steady to higher opening when Tuesday’s night session begins trading. Stochastics and the RSI are neutral to bullish signalling that sideways to higher prices are possible. If it extends last week’s rally, July’s high crossing is the next upside target. If it renews the decline off July’s high, the reaction low crossing is the next downside target.
See more analysis at Market Commentary | HY Markets
Wednesday 13th August 2014
THE YEN closed higher on Tuesday. Tuesday’s midrange close sets the stage for a steady opening when Wednesday’s night session begins trading. Stochastics and the RSI are neutral to bearish hinting that a high might be in or is near. Closes below the 20day moving average crossing would temper the bullish outlook. If it renews the rally off July’s low, April’s high crossing is the next upside target.
See more analysis at Market Commentary | HY Markets
Thursday 14th August 2014
THE EURO closed lower on Wednesday. The lowrange close sets the stage for a steady to lower opening when Thursday’s night session begins trading. Stochastics and the RSI are turning neutral to bearish signalling that sideways to lower prices are possible nearterm. If it resumes this summer’s decline, the 62% retracement level of the 20132014rally crossing is the next downside target. Closes above the 20day moving average crossing are needed to confirm that a low has been posted.
See more analysis at Market Commentary | HY Markets
Friday 15th August 2014
NATURAL GAS closed higher on Thursday. The highrange close sets the stage for a steady to higher opening when Friday’s night session begins trading. Stochastics and the RSI are diverging and are turning neutral to bearish signalling that sideways to lower prices are possible nearterm. If it extends the decline off June’s high, February’s low crossing is the next downside target. Closes above the 20day moving average crossing would confirm that a shortterm low has been posted.
See more analysis at Market Commentary | HY Markets
Monday 18th August 2014
STERLING closed higher due to short covering on Friday. The highrange close sets the stage for a steady to higher opening when Monday’s night session begins trading. Stochastics and the RSI remain neutral to bearish signalling that sideways to lower prices are possible nearterm. If it extends the decline off July’s high, the 25% retracement level of the 20132014rally crossing is the next downside target. Closes above the 20day moving average crossing would confirm that a low has been posted.
See more analysis at Market Commentary | HY Markets
Tuesday 19th August 2014
THE YEN closed higher on Monday. Monday’s highrange close sets the stage for a steady to higher opening when Tuesday’s night session begins trading. Stochastics and the RSI are neutral to bullish signalling that sideways to higher prices are possible nearterm. If it renews the rally off June’s low, April’s high crossing is the next upside target. Closes below the 20day moving average crossing would temper the bullish outlook.
See more analysis at Market Commentary | HY Markets
Wednesday 20th August 2014
NATURAL GAS closed higher due to short covering on Tuesday as it consolidated some of Monday’s decline. The highrange close sets the stage for a steady to higher opening when Wednesday’s night session begins trading. Stochastics and the RSI are turning neutral to bullish hinting that a low might be in or is near. Closes above the 20day moving average crosing would confirm that a shortterm low has been posted. If it extends the decline off June’s high, the 62% retracement level of the 20122014rally crossing is the next downside target.
See more analysis at Market Commentary | HY Markets
