Wednesday 8th April 2015
THE EURO closed lower on Tuesday. The lowrange 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. 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.
Market Commentary | HY Markets
Wednesday 8th April 2015
STERLING closed lower on Tuesday. The lowrange close sets the stage for a steady to higher opening when Wednesday’s night session begins trading. Stochastics and the RSI are neutral signalling that sideways trading is possible nearterm. Closes above the 20day moving average crossing are needed to confirm that a shortterm low has been posted. If June resumes this winter’s decline, weekly support crossing is the next downside target.
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Friday 10th April 2015
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 are neutral to bearish signaling that sideways to lower prices are possible nearterm. Today’s close below last Tuesday’s low crossing confirms that a shortterm top has been posted and sets the stage for a test of March’s low crossing. If it renews the rally off March’s low, the 25% retracement level of the 20142015decline crossing next upside target.
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Monday 13th April 2015
SPOT GOLD closed higher due to short covering on Friday as it consolidates some of this week’s decline. 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. Closes below the 20day moving average crossing would confirm that a shortterm top has been posted. If it renews the rally off March’s low, the 50% retracement level of the JanuaryMarchdecline crossing is the next upside target.
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Tuesday 14th April 2015
THE EURO closed lower on Monday. The highrange close sets the stage for a steady to lower opening when Tuesday’s night session begins trading. Stochastics and the RSI are becoming oversold but remain neutral to bearish signalling that sideways to lower prices are possible nearterm. If it extends this week’s decline, March’s low 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
Wednesday 15th April 2015
SPOT GOLD closed lower on Tuesday. The midrange 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. Closes below the 20day moving average crossing would confirm that a shortterm top has been posted. If it renews the rally off March’s low, the 50% retracement level of the JanuaryMarchdecline crossing is the next upside target.
See more analysis at Market Commentary | HY Markets
Thursday 16th April 2015
THE EURO closed higher on Wednesday. The highrange close sets the stage for a steady to lower opening when Monday’s night session begins trading. Stochastics and the RSI are becoming oversold but remain neutral to bearish signalling that sideways to lower prices are possible nearterm. If it extends this week’s decline, March’s low 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
Friday 17th April 2015
THE YEN closed lower on Thursday. The midrange close sets the stage for a steady to lower 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. Closes below April’s low crossing are needed to confirm that a high has been posted. If it extends this month’s rally, March’s high crossing is the next upside target.
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Monday 20th April 2015
THE EURO closed lower on Friday as it extends last week’s decline. The midrange close sets the stage for a steady opening when Monday’s night session begins trading. Stochastics and the RSI are neutral to bearish signalling that a shortterm top might be in or is near. If it extends this week’s decline, the 25% retracement level of the JuneMarchrally crossing is the next downside target. If it renews this month’s rally, March’s high crossing is the next upside target.
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Tuesday 21st April 2015
THE YEN 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 turning neutral to bullish signalling that a shortterm bottom might be in or is near. Closes below March’s low crossing are needed to renew the decline off March’s high. If it renews the rally off March’s low, March’s high crossing is the next upside target.
See more analysis at Market Commentary | HY Markets
Thursday 23rd April 2015
THE EURO closed slightly higher 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 are neutral signalling that sideways trading is possible nearterm. Closes above the 20day moving average crossing are needed to confirm that a shortterm low has been posted. If it resumes this month’s decline, March’s low crossing is the next downside target.
See more analysis at Market Commentary | HY Markets
Friday 24th April 2015
THE YEN closed lower on Thursday as it consolidates some of this week’s rally. The lowrange close sets the stage for a steady to lower opening when Friday’s night session begins trading. Stochastics and the RSI are neutral to bearish signalling that sideways to higher prices are possible nearterm. If it extends this week’s rally, the reaction high crossing is the next upside target. Closes below March’s low crossing are needed to renew the decline off March’s high.
See more analysis at Market Commentary | HY Markets
Monday 27th April 2015
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 bullish signalling that sideways to higher prices are possible nearterm. Today’s close above last Friday’s high crossing confirms that a shortterm low has been posted while opening the door for additional shortterm gains. If it resumes this month’s decline, March’s low crossing is the next downside target.
See more analysis at Market Commentary | HY Markets
Tuesday 28th April 2015
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 are turning neutral to bearish signalling that sideways to lower prices are possible nearterm. Closes below March’s low crossing are needed to renew the decline off March’s high. If it renews last week’s rally, the reaction high crossing is the next upside target.
See more analysis at Market Commentary | HY Markets
Tuesday 28th April 2015
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 are turning neutral to bearish signalling that sideways to lower prices are possible nearterm. Closes below March’s low crossing are needed to renew the decline off March’s high. If it renews last week’s rally, the reaction high crossing is the next upside target.
See more analysis at Market Commentary | HY Markets
Tuesday 28th April 2015
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 are turning neutral to bearish signalling that sideways to lower prices are possible nearterm. Closes below March’s low crossing are needed to renew the decline off March’s high. If it renews last week’s rally, the reaction high crossing is the next upside target.
See more analysis at Market Commentary | HY Markets
Tuesday 28th April 2015
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 are turning neutral to bearish signalling that sideways to lower prices are possible nearterm. Closes below March’s low crossing are needed to renew the decline off March’s high. If it renews last week’s rally, the reaction high crossing is the next upside target.
See more analysis at Market Commentary | HY Markets
Tuesday 28th April 2015
STERLING closed higher on Monday as it extends this month’s rally. The highrange close sets the stage for a steady to higher opening when Tuesday’s night session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signalling that sideways to higher prices are possible nearterm. If it extends the rally off April’s low, the 38% retracement level of the JulyAprildecline 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
Monday 4th May 2015
THE EURO 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 the rally off April’s low, April’s high crossing is the next upside target. If it resumes this month’s decline, March’s low crossing is the next downside target.
See more analysis at
Market Commentary | HY Markets
Monday 4th May 2015
THE EURO 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 the rally off April’s low, April’s high crossing is the next upside target. If it resumes this month’s decline, March’s low crossing is the next downside target.
See more analysis at Market Commentary | HY Markets
