Thursday 12th February 2015
THE EURO closed lower on Wednesday as it consolidates some of the rally off this month’s low. 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 hinting that a pause or shortterm top might be forming. If it extends the aforementioned rally, the reaction high crossing is the next upside target. Closes below the 10day moving average crossing would signal that a shortterm top has been posted. If it renews the decline off December’s high, January’s low crossing is the next downside target.
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Friday 13th February 2015
THE EURO closed higher on Thursday as it extends the rally off this month’s low. 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 bullish signalling that sideways to higher prices are possible nearterm. If it extends the aforementioned rally, the reaction high crossing is the next upside target. Closes below the 10day moving average crossing would signal that a shortterm top has been posted.
See more analysis at Market Commentary | HY Markets
Friday 13th February 2015
THE EURO closed higher on Thursday as it extends the rally off this month’s low. 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 bullish signalling that sideways to higher prices are possible nearterm. If it extends the aforementioned rally, the reaction high crossing is the next upside target. Closes below the 10day moving average crossing would signal that a shortterm top has been posted.
See more analysis at Market Commentary | HY Markets
Tuesday 17th February 2015
THE EURO closed lower on Monday and the lowrange close sets the stage for a steady opening on Tuesday. 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 NovemberJanuary uptrend line crossing near is the next downside target. Closes below the 20day moving average crossing would temper the nearterm bearish outlook.
See more analysis at Market Commentary | HY Markets
Tuesday 17th February 2015
SPOT GOLD closed higher 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 remain neutral to bullish signalling that sideways to higher prices are possible nearterm. If it extends the rally off December’s low, the 62% retracement level of the AugustDecember decline 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
Tuesday 17th February 2015
STERLING 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 bullish signalling that sideways to higher prices are possible nearterm. If it extends the rally off last week’s low, monthly resistance crossing is the next upside 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
Tuesday 17th February 2015
THE EURO closed lower on Monday and the lowrange close sets the stage for a steady opening on Tuesday. 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 NovemberJanuary uptrend line crossing near is the next downside target. Closes below the 20day moving average crossing would temper the nearterm bearish outlook.
See more analysis at Market Commentary | HY Markets
Tuesday 24th February 2015
THE EURO closed lower on Monday and the lowrange close sets the stage for a steady to lower opening on Tuesday. 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 62% retracement level of the NovemberFebruary rally crossing is the next downside target. Closes above the 20day moving average crossing would temper the nearterm bearish outlook.
See more analysis at Market Commentary | HY Markets
Tuesday 24th February 2015
THE EURO closed lower on Monday and the lowrange close sets the stage for a steady to lower opening on Tuesday. 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 62% retracement level of the NovemberFebruary rally crossing is the next downside target. Closes above the 20day moving average crossing would temper the nearterm bearish outlook.
See more analysis at Market Commentary | HY Markets
Tuesday 24th February 2015
THE EURO closed lower on Monday and the lowrange close sets the stage for a steady to lower opening on Tuesday. 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 62% retracement level of the NovemberFebruary rally crossing is the next downside target. Closes above the 20day moving average crossing would temper the nearterm bearish outlook.
See more analysis at Market Commentary | HY Markets
Thursday 26th February 2015
THE EURO closed higher on Wednesday and the highrange close sets the stage for a steady to higher opening on Thursday. 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 62% retracement level of the NovemberFebruary rally crossing is the next downside target. Closes above the 20day moving average crossing would temper the nearterm bearish outlook.
See more analysis at Market Commentary | HY Markets
Thursday 26th February 2015
STERLING closed higher on Wednesday and the highrange close sets the stage for a steady to higher 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 year’s decline, weekly support crossing is the next downside target. 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 2nd March 2015
THE YEN 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 turning neutral to bullish signalling that sideways to higher prices are possible nearterm. If it renews the rally off January’s low, the reaction high crossing is the next upside 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 3rd March 2015
NATURAL GAS closed lower due to profit taking on Monday as it consolidated some of the rally off January’s low. 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 signalling that a shortterm top might be in or is near. Closes below the 20day moving average crossing would confirm that a shortterm top has been posted. If it extends the rally off January’s low, the 38% retracement level of the 20142015decline crossing is the next upside target.
See more analysis at Market Commentary | HY Markets
Wednesday 4th March 2015
THE YEN closed lower on Tuesday. 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 turning neutral to bearish hinting that a 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 extends the rally off February’s low, the reaction high crossing is the next upside target.
See more analysis at Market Commentary | HY Markets
Thursday 5th March 2015
STERLING closed lower on Wednesday breaking out to the downside of the trading range of the past four weeks. The 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 extends today’s decline, the 38% retracement level of the NovemberFebruaryrally crossing is the next downside target. Closes below the 20day moving average crossing confirming that a shortterm top has been posted.
See more analysis at Market Commentary | HY Markets
Friday 6th March 2015
THE SWISS FRANC closed higher on Thursday and the highrange close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI remain bearish signalling that sideways to lower prices are possible nearterm. If it extends this rally, January’s high crossing is the next upside target.
See more analysis at Market Commentary | HY Markets
Monday 9th March 2015
THE EURO closed sharply lower on Friday extending the decline off the May 2014 high. 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 winter’s decline, monthly support crossing is the next downside target. Closes below the 20day moving average crossing are needed to confirm that a shortterm top has been posted.
See more analysis at Market Commentary | HY Markets
Monday 9th March 2015
THE YEN closed higher on Friday as it extends a threemonth old trading range. The midrange close sets 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 extends the rally off January’s low, December’s high crossing is the next upside target. Closes above the 20day moving average crossing would temper the nearterm bearish outlook.
See more analysis at Market Commentary | HY Markets
Tuesday 10th March 2015
THE YEN closed higher on Monday as it extends a threemonth old trading range. 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. If it extends the rally off January’s low, December’s high crossing is the next upside target. 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
