Tuesday 16th December 2014
THE EURO closed lower on Monday. The midrange close sets the stage for a steady to lower 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 extends last week’s rally, November’s high crossing is the next upside target. If it renews this year’s decline, monthly support crossing is the next downside target.
Market Commentary | HY Markets
See more analysis at Market Commentary | HY Markets
Wednesday 17th December 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 are turning neutral to bullish signalling that sideways to higher prices are possible nearterm. Closes above the reaction high crossing are needed to confirm that a low has been posted. If it extends the decline off July’s high, monthly support crossing is the next downside target.
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Thursday 18th December 2014
STERLING closed sharply lower on Wednesday and is poised to renew this year’s decline. 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 extends the decline off July’s high, monthly support 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 19th December 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 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. If it renews the decline off December’s high,Tuesday’s low crossing is the next downside target.
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Monday 22nd December 2014
THE YEN closed higher on Friday. The highrange close sets the stage for a steady to higer 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 renews this year’s rally, weekly resistance crossing is the next upside target. If it extends the decline off December’s high, the 25% retracement level of the 20132014rally crossing is the next downside target.
See more analysis at Market Commentary | HY Markets
Tuesday 23rd December 2014
THE EURO closed lower on Monday as it extends this year’s decline. The midrange close sets the stage for a steady 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 this year’s decline, monthly support crossing is the next downside target. Closes above last Tuesday’s high crossing would confirm that a shortterm low has been posted.
See more analysis at Market Commentary | HY Markets
Wednesday 24th December 2014
US 100 Index CFD closed lower due to profit taking on Tuesday as it consolidates some of the rally off last week’s low. Tuesday’s lowrange 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 last week’s rally, November’s high crossing is the next upside target. Closes below the 10day moving average crossing are needed to confirm that a shortterm top has been posted.
See more analysis at Market Commentary | HY Markets
Wednesday 24th December 2014
THE EURO closed lower on Tuesday as it extends this year’s decline. The lowrange close sets the stage for a steady to lower 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 year’s decline, monthly support crossing is the next downside target. Closes above last Tuesday’s high crossing would confirm that a shortterm low has been posted.
See more analysis at Market Commentary | HY Markets
Wednesday 24th December 2014
THE EURO closed lower on Tuesday as it extends this year’s decline. The lowrange close sets the stage for a steady to lower 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 year’s decline, monthly support crossing is the next downside target. Closes above last Tuesday’s high crossing would confirm that a shortterm low has been posted.
See more analysis at Market Commentary | HY Markets
Monday 29th December 2014
THE EURO closed lower on Friday as it extends this year’s decline. The lowrange close sets the stage for a steady to lower opening when Monday’s night session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signalling that sideways to lower prices are possible nearterm. If it extends this year’s decline, monthly support 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
Tuesday 30th December 2014
THE EURO closed lower on Monday as it extends this year’s decline. The lowrange close sets the stage for a steady to lower opening when Tuesday’s night session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signalling that sideways to lower prices are possible nearterm. If it extends this year’s decline, monthly support 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 5th January 2015
THE YEN closed higher on Friday and 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 bullish signalling that additional strength is possible nearterm. If it extends the rally off September’s low, monthly resistance crossing is the next upside target. Closes above the 20day moving average crossing are needed to confirm that a shortterm bottom has been posted.
See more analysis at Market Commentary | HY Markets
Tuesday 6th January 2015
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 bearish hinting that a shortterm high might be in or is near. Closes below the 20day moving average crossing are needed to confirm that a shortterm high has been posted. If it renews the rally off October’s low, weekly resistance crossing is the next upside target.
See more analysis at Market Commentary | HY Markets
Wednesday 7th January 2015
THE SWISS FRANC closed higher on Tuesday and 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 bullish signalling that sideways to higher prices are possible nearterm. If it renews last week’s rally, monthly resistance is the next upside target. Closes above last Wednesday’s high crossing are needed to confirm that a shortterm low has been posted.
See more analysis at Market Commentary | HY Markets
Thursday 8th January 2015
THE EURO closed lower due to profit taking on Wednesday and the lowrange close sets the stage for a steady opening on Thursday.Stochastics and the RSI remain neutral to bearish signalling that sideways to lower prices are possible nearterm. If it extends the aforementioned decline, monthly support crossing is the next downside target. Closes below the 10day moving average crossing would confirm that a shortterm top has been posted.
See more analysis at Market Commentary | HY Markets
Friday 9th January 2015
SPOT GOLD closed lower due to profit taking on Thursday and above the 20day moving average crossing would temper the nearterm bearish outlook… The lowrange close sets the stage for a steady to lower opening when Friday’s night session begins trading. Stochastics and the RSI are bearish signalling that sideways to lower prices are possible nearterm. If it extends the decline off this week’s high, the reaction low crossing is the next downside target.
See more analysis at Market Commentary | HY Markets
Friday 9th January 2015
THE EURO closed lower on Wednesday. Today’s 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 the decline off December’s high, the reaction low crossing is the next downside target. Closes below the 10day moving average crossing are needed to confirm that a top has been posted.
See more analysis at Market Commentary | HY Markets
Monday 12th January 2015
SPOT SILVER closed higher on Friday and the midrange close set the stage for a steady 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 renews this week’s rally, December’s high crossing is the next upside target. Closes above last Friday’s low crossing would confirm that a shortterm low has been posted.
See more analysis at Market Commentary | HY Markets
Wednesday 14th January 2015
THE EURO closed lower on Tuesday as it consolidated some of last week’s rally but remains above the 20day moving average. Tuesday’s lowrange close sets the stage for a steady to lower 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 renews aforementioned decline, monthly support crossing is the next downside target.
See more analysis at Market Commentary | HY Markets
Thursday 15th January 2015
THE EURO closed higher on Wednesday and the lowrange close sets the stage for a steady opening on Thursday. Stochastics and the RSI remain neutral to bullish signalling that sideways to higher prices are possible nearterm. If it extends the aforementioned decline,monthly support crossing is the next downside 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
