Wednesday 11th March 2015
THE SWISS FRANC 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 the decline off January’s high, weekly support crossing is the next downside target. Closes above the 20day moving average crossing would confirm that a shortterm bottom has been posted.
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Thursday 12th 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.
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Friday 13th March 2015
THE EURO closed higher due to short covering on Thursday and the highrange 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 still possible nearterm. If it extends the decline off February’s high, the 62% retracement level of the JulyFebruary rally crossing is the next downside target.Closes below the 20day moving average crossing would confirm that a top has been posted.
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Monday 16th March 2015
THE EURO closed sharply lower on Friday and below the 20day moving average crossing confirming that a shortterm top has been posted. The lowrange close sets the stage for a steady to lower opening when Monday’s night session begins trading. Stochastics and the RSI are bearish signalling that sideways to lower prices are possible nearterm. If it extends this week’s decline, April’s low crossing is the next downside target.
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STERLING closed lower on Friday. The Monday 16th March 2015
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 bullish hinting that a low might be in or is near. Closes below the 20day moving average crossing are needed to confirm that shortterm top has been posted. If it extends this month’s decline, the reaction low crossing is the next downside target…
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Wednesday 18th March 2015
THE EURO closed higher on Tuesday and 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 bullish hinting that a shortterm low might be in or near. Closes below the 20day moving average crossing would confirm that a shortterm high has been posted. If it extends the decline off February’s high, monthly support crossing is the next downside target.
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Friday 20th March 2015
STERLING closed lower on Thursday as it extends this week’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 remain neutral to bearish signalling that sideways to lower prices are possible nearterm. If it extends this week’s decline, the 38% retracement level of the NovemberFebruaryrally crossing is the next downside target. Closes above the 20day moving average crossing would temper the nearterm bearish outlook.
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I’m a fan of your analyses HY. Thank you for posting! I like your expectation that GBP will go down: “13 March 2015: Stochastics and the RSI remain neutral to bearish signalling that sideways to lower prices are still possible nearterm.”
Could you please explain how I could enter a trade using your pivot points? For example, if the pivot point number (in sterling) decreases everyday, how could I enter a trade? I don’t even know if a daily-decreasing pivot point means that the trend is bearish. Thank you in advance!
Monday 23rd March 2015
THE EURO 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 turning neutral to bullish hinting that a shortterm top might be in or is near. Closes above the 20day moving average crossing are needed to confirm that a shortterm top has been posted. If it extends the decline off February’s high, the 62% retracement level of the JulyFebruary rally crossing is the next downside target.
See more analysis at Market Commentary | HY Markets
Tuesday 24th March 2015
THE YEN closed lower on Monday and the lowrange close sets the stage for a steady opening on Tuesday. Stochastics and the RSI are bearish signalling that sideways to lower prices are possible nearterm. Multiple closes below the 20day moving average crossing are needed to confirm that a shortterm high has been posted. If it renews the decline off September’s low, monthly support crossing is the next upside target.
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Wednesday 25th March 2015
THE EURO closed lower on Tuesday. The 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 bullish hinting that a shortterm low might be in or is near. Closes above the 10day moving average crossing would temper the nearterm bearish outlook. If it renews the decline off March’s high, the reaction low crossing is the next downside target.
See more analysis at Market Commentary | HY Markets
Thursday 26th March 2015
STERLING closed slightly higher 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 signaling 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 this winter’s decline, weekly support crossing is the next downside target.
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Friday 27th March 2015
THE SWISS FRANC closed higher on Thursday as it consolidates some of the decline off March’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 are oversold but remain neutral to bearish signalling that sideways to lower prices are possible nearterm. If it extends the aforementioned decline, the 38% retracement level of the JanuaryMarchrally crossing is the next downside target. Closes above the 10day moving average crossing would confirm that a shortterm bottom has been posted.
See more analysis at Market Commentary | HY Markets
Monday 30th March 2015
US OIL closed sharply lower on Friday erasing Thursday’s gains. The lowrange close sets the stage for a steady to lower opening when Monday’s night session begins. Stochastics and the RSI are neutral to bullish signalling that sideways to higher prices are possible nearterm. If it extends the rally off March’s low, March’s high crossing is the next downside target. Closes below the 10day moving average crossing would confirm that a shortterm top has been posted.
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Tuesday 31st March 2015
THE EURO closed lower on Monday but remains above the 20day moving average crossing. 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 signaling 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 the rally off March’s low, the 25% retracement level of the 20142015decline crossing next upside target.
See more analysis at Market Commentary | HY Markets
Wednesday 1st April 2015
THE EURO closed lower on Tuesday but remains above the 20day moving average crossing. 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 signaling 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 the rally off March’s low, the 25% retracement level of the 20142015decline crossing next upside target.
See more analysis at Market Commentary | HY Markets
Thursday 2nd April 2015
THE EURO closed higher on Wednesday. The midrange 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 signaling 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 the rally off March’s low, the 25% retracement level of the 20142015decline crossing next upside target.
See more analysis at Market Commentary | HY Markets
HYMARKETS Stocks Report: Google Inc
• Google reversed from weekly resistance trendline
• Likely to fall to 530.00 and 520.00
Google recently reversed down twice from the resistance trendline of the wide weekly down channel from February of 2014. The resistance zone near this trendline was strengthened by the upper daily Bollinger Band and by the resistance level 580.00. The last reversal form this channel line led to the formation of the strong Japanese candlesticks reversal pattern Bearish Engulfing – which marked the end of the previous corrective B-wave. The active C-wave recently broke the daily up channel from January and the support level 550.00. Google is set to fall further to the next support levels 530.00 and 520.00.
Friday 3rd April 2015
THE EURO closed higher on Thursday. 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 March’s low, the 25% retracement level of the 20142015decline crossing next upside target. Closes below Tuesday’s low crossing would confirm that a shortterm top has been posted.
See more analysis at Market Commentary | HY Markets
Tuesday 7th April 2015
THE EURO closed higher on Monday. The midrange close sets the stage for a steady to higher opening when Tuesday’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 March’s low, the 25% retracement level of the 20142015decline crossing next upside target. Closes below Tuesday’s low crossing would confirm that a shortterm top has been posted.
See more analysis at Market Commentary | HY Markets
