Daily market review by HY Markets

Monday 20th October 2014

THE SWISS FRANC 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 sideways to lower prices are possible nearterm. Closes below the 20day moving average crossing would confirm that a high has been posted. If it renews the rally off July’s low, monthly resistance crossing is the next upside target.

See more analysis at Market Commentary | HY Markets

Tuesday 21st October 2014

THE EURO closed higher on Monday. 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 nearterm. Closes above the 20day moving average crossing are needed to confirm that a low has been posted. If it extends this summer’s decline, monthly support crossing is the next downside target.

See more analysis at Market Commentary | HY Markets

Wednesday 22nd October 2014

THE YEN 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 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

Thursday 23rd October 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 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 low has been posted. If it extends this summer’s decline, monthly support crossing is the next downside target.

See more analysis at Market Commentary | HY Markets

Friday 24th October 2014
STERLING closed lower on Thursday. The midrange close sets the stage for a steady opening when Friday’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 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

Monday 27th October 2014
STERLING closed higher on Friday. The highrange close sets the stage for a steady to higher opening when Friday’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 the decline off July’s high, the 62% retracement level of the 20132014rally crossing is the next downside target. Closes above the reaction high crossing would confirm that a low has been posted.

See more analysis at Market Commentary | HY Markets

Wednesday 29th October 2014
THE YEN 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 are neutral to bullish signalling that sideways to higher prices are possible nearterm. If it extends this week’s rally, October’s high crossing is the next upside target. Closes below the 10day moving average crossing would confirm that a shortterm high has been posted.

See more analysis at Market Commentary | HY Markets

Thursday 30th October 2014
STERLING 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 neutral to bearish signalling that sideways to lower prices are possible nearterm. If it extends the decline off July’s high, the 62% retracement level of the 20132014rally crossing is the next downside target. Closes above the reaction high crossing would confirm that a low has been posted.

See more analysis at Market Commentary | HY Markets

Thursday 30th October 2014
STERLING 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 neutral to bearish signalling that sideways to lower prices are possible nearterm. If it extends the decline off July’s high, the 62% retracement level of the 20132014rally crossing is the next downside target. Closes above the reaction high crossing would confirm that a low has been posted.

See more analysis at Market Commentary | HY Markets

Friday 31st October 2014
THE SWISS FRANC 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 remain neutral to bullish signalling that sideways to higher prices are possible nearterm. If it renews the rally off July’s low, monthly resistance crossing is the next upside target. Closes below the 10day moving average crossing would confirm that a high has been posted.
See more analysis at Market Commentary | HY Markets

Monday 3rd November 2014
STERLING closed higher 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 neutral to bearish signalling that sideways to lower prices are possible nearterm. If it extends the decline off July’s high, the 62% retracement level of the 20132014rally crossing is the next downside target. Closes above the reaction high crossing would confirm that a low has been posted.

See more analysis at Market Commentary | HY Markets

Wednesday 5th November 2014
THE EURO 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 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 10day moving average crossing are needed to confirm that a low has been posted.

See more analysis at Market Commentary | HY Markets

Thursday 6th November 2014
THE YEN closed higher on Wednesday. The highrange close sets the stage for a steady to higher opening when Thursday’s night session begins trading. Stochastics and the RSI are neutral to bullish signalling that sideways to higher prices are possible nearterm. If it extends this week’s rally, October 2007 high crossing is the next upside target. Closes below the 10day moving average crossing would confirm that a shortterm high has been posted.

See more analysis at Market Commentary | HY Markets

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Friday 7th November 2014

US OIL closed lower on Thursday. The midrange close sets the stage for a steady opening when Friday’s night session begins. Stochastics and the RSI are turning 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 low has been posted. If it extends the decline off June’s high, the 75% retracement level of the 20092011rally crossing is the next downside target.

See more analysis at Market Commentary | HY Markets

Monday 10th November 2014
THE YEN closed lower on Friday. The lowrange close sets the stage for a steady to lower opening when Monday’s night session begins trading. Stochastics and the RSI are neutral to bullish signalling that sideways to higher prices are possible nearterm. If it extends this week’s rally, October2007 high crossing is the next upside target. Closes below the 10day moving average crossing would confirm that a shortterm high has been posted.

See more analysis Market Commentary | HY Markets

Tuesday 11th November 2014

SPOT GOLD 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 neutral to bearish signalling that sideways to lower prices are possible nearterm. Closes below the 20day moving average crossing would confirm that a shortterm top has been posted. If it extends this month’s rally, the 50% retracement level of the JulyOctoberdecline crossing is the next upside target.

See more analysis at Market Commentary | HY Markets

Wednesday 12th November 2014
THE EURO 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 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 10day moving average crossing are needed to confirm that a low has been posted.

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Thursday 13th November 2014

STERLING 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 neutral to bearish signalling that sideways to lower prices are possible nearterm. If it extends the decline off July’s high, the 62% retracement level of the 20132014rally crossing is the next downside target. Closes above the reaction high crossing would confirm that a low has been posted.

See more analysis at Market Commentary | HY Markets

Friday 14th November 2014
THE EURO 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 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 10day moving average crossing are needed to confirm that a low has been posted.

See more analysis at Market Commentary | HY Markets

Monday 17th November 2014
THE EURO closed higher 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 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 10day moving average crossing are needed to confirm that a low has been posted.

See more analysis at Market Commentary | HY Markets