Tuesday 16th September 2014
THE EURO closed lower due to profit taking on Monday as it consolidated some of this month’s rally. The midrange close sets the stage for a steady to lower opening when Tuesday’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 aforementioned rally, February’s high crossing is the next upside target. Closes below the 20day moving average crossing would confirm that a shortterm top has been posted.
See more analysis at Market Commentary | HY Markets
Wednesday 17th September 2014
STERLING closed lower on Tuesday. The highrange close sets the stage for a steady to higher opening when Wednesday’s night session begins trading. Stochastics and the RSI are neutral to bullish signalling that sideways to higher prices are possible nearterm. Closes above the 20day moving average crossing are needed to confirm that a shortterm low has been posted. If it resumes the decline off July’s high, the 50% retracement level of the 20132014rally crossing is the next downside target.
See more analysis at Market Commentary | HY Markets
Thursday 18th September 2014
THE EURO closed lower on Wednesday while extending the trading range of the past eightdays. 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 July 2013 low 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 19th September 2014
THE EURO closed higher on Thursday while extending the trading range of the past ninedays. The highrange 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 signalling that sideways to lower prices are possible nearterm. If it resumes this summer’s decline, weekly support 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
Monday 22nd September 2014
THE YEN closed higher on Friday. Friday’s midrange close sets the stage for a steady opening when Monday’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 June’s low, weekly resistance 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
Thursday 25th September 2014
THE EURO closed lower on Wednesday as it extends the decline off May’s high. The lowrange close sets the stage for a steady to lower 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 summer’s decline, weekly support 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 26th September 2014
STERLING 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 turning neutral to bearish signalling that sideways to lower prices are possible nearterm. If it resumes the decline off July’s high, the 50% retracement level of the 20132014rally crossing is the next downside target. Multiple closes above the 20day moving average crossing are needed to confirm that a shortterm low has been posted.
See more analysis at Market Commentary | HY Markets
Monday 29th September 2014
NATURAL GAS closed lower on Friday negating Thursday’s breakout above the 20day moving average. The lowrange close sets the stage for a steady to lower opening when Monday’s night session begins trading. Stochastics and the RSI are turning neutral to bearish hinting that sideways to lower prices are possible nearterm. Closes below the reaction low crossing would confirm that a shortterm top has been posted. If it extends Thursday’s rally, September’s high crossing is the next upside target.
See more analysis at Market Commentary | HY Markets
Tuesday 30th September 2014
THE YEN closed higher on Monday. The midrange close sets the stage for a steady opening when
Tuesday’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 June’s
low, weekly resistance 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
Thursday 2nd October 2014
US OIL oil closed lower on Wednesday as it extended Tuesday’s loss, which also posted a key reversal down signalling an end to the corrective rally off September’s low. The lowrange close sets the stage for a steady to lower opening when Thursday’s night session begins. Stochastics and the RSI have turned neutral to bearish signalling that sideways to lower prices are possible nearterm. If it resumes the decline off June’s high, the 50% retracement level of the 20092011rally crossing is the next downside target. Closes above the reaction high crossing are needed to confirm that a low has been posted.
See more analysis at Market Commentary | HY Markets
Friday 3rd October 2014
THE EURO closed higher due to short covering on Thursday as it consolidates some of the decline off May’s high. 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 bearish signalling that sideways to lower prices are possible nearterm. If it extends this summer’s decline, monthly support 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
Monday 6th October 2014
THE EURO closed sharply lower on Friday extending the decline off May’s high. The lowrange close sets the stage for a steady to lower 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 this summer’s decline, monthly support crossing at 124.56 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
Tuesday 7th October 2014
THE YEN closed lower on Monday. The lowrange close sets the stage for a steady to lower opening when Tuesday’s night session begins trading. Stochastics and the RSI are turning neutral to bullish again signalling that sideways to higher prices are possible nearterm. If it renews the rally off June’s low, weekly resistance 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
Wednesday 8th October 2014
STERLING closed higher on Tuesday. The highrange close sets the stage for a steady to higher opening when Wednesday’s night session begins trading. Stochastics and the RSI remain neutral to bearish signalling that sideways to lower prices are possible nearterm. If it resumes the decline off July’s high, the 62% retracement level of the 20132014rally crossing is the next downside target.
See more analysis at Market Commentary | HY Markets
Thursday 9th October 2014
THE SWISS FRANC 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 remain neutral to bullish signalling that sideways to higher prices are possible nearterm. If it extends the rally off July’s low, monthly resistance crossing is the next upside target. Closes below the 20day moving average crossing would confirm that a high has been posted.
See more analysis at Market Commentary | HY Markets
Friday 10th October 2014
THE EURO closed lower on Thursday. The lowrange close sets the stage for a steady to lower opening when Friday’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 summer’s decline, monthly support 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 10th October 2014
THE EURO closed lower on Thursday. The lowrange close sets the stage for a steady to lower opening when Friday’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 summer’s decline, monthly support 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
Monday 13th October 2014
STERLING closed lower on Friday. The midrange 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 sideways to lower prices are possible nearterm. If it resumes the decline off July’s high, the 62% retracement level of the 20132014rally crossing is the next downside target.
See more analysis at Market Commentary | HY Markets
Tuesday 14th October 2014
THE EURO closed higher on Monday. The midrange close sets the stage for a steady opening when Tuesday’s night session begins trading. Stochastics and the RSI are neutral to bearish signalling that sideways to lower prices are possible nearterm. If it extends this summer’s decline, monthly support 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
Thursday 16th October 2014
THE YEN closed lower on Wednesday. The midrange close sets the stage for a steady to lower 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 38% retracement level of this year’s rally 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
