Wednesday 6th May 2015
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 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 25% retracement level of the 20142015decline crossing is the next upside target. Closes below the 20day moving average crossing would confirm that a shortterm top has been posted.
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Thursday 7th May 2015
THE SWISS FRANC closed lower on Wednesday and spiked above the 50% retracement level of the JanuaryMarchrally crossing as it extends the decline off March’s high. The lowrange close sets the stage for a steady to lower opening when Thursday’s night session begins trading. Stochastics and the RSI are overbought but remain neutral to bearish signalling that sideways to lower prices are possible nearterm. If it extends the decline off April’s high, the 62% retracement level of the JanuaryMarchrally crossing is the next downside target. Closes above the 20day moving average crossing would confirm that a shortterm bottom has been posted.
See more analysis at Market Commentary | HY Markets
Thursday 7th May 2015
THE EURO closed higher on Wednesday and above the 25% retracement level of the 20142015decline crossing. The highrange close sets the stage for a steady to higher opening when Wednesday’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, February’s high 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 11th May 2015
THE EURO closed lower on Friday. The lowrange close sets the stage for a steady to higher opening when Monday’s night session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signalling that additional weakness is possible nearterm. If it extends the decline off April’s high, the 38% retracement level of the JuneMarchrally 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
STERLING closed higher on Monday following last week’s general election in the U.K. 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 April’s low, the 50% 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
Tuesday 12th May 2015
STERLING closed higher on Monday following last week’s general election in the U.K. 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 April’s low, the 50% 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
Tuesday 12th May 2015
THE EURO closed lower on Monday and below the 10day moving average crossing signalling that a shortterm top might be in or is near. The lowrange close sets the stage for a steady to lower opening when Tuesday’s night session begins trading. Stochastics and the RSI are overbought, diverging and are turning neutral to bearish hinting that a shortterm top might be in or is near. Closes below the 20day moving average crossing at would confirm that a shortterm top has been posted. If it resumes the rally off April’s low, February’s high crossing is the next upside target.
See more analysis at Market Commentary | HY Markets
Friday 15th May 2015
US OIL closed lower on Thursday. The midrange close sets the stage for a steady to lower opening when Friday’s night session begins. Stochastics and the RSI are neutral to bullish signalling that sideways to higher prices are possible nearterm. If it renews the rally off March’s low, the 38% retracement level of the JuneMarchdecline crossing is the next upside 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 18th May 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 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. Closes above the reaction high crossing would open the door for additional strength nearterm.
See more analysis at Market Commentary | HY Markets
Tuesday 19th May 2015
STERLING closed lower due to profit taking on Monday as it consolidates some of the rally off April’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 overbought and 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 April’s low, the 62% retracement level of the JulyAprildecline crossing is the next upside target.
See more analysis at Market Commentary | HY Markets
Wednesday 20th May 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 bearish signalling that a shortterm top might be in or is near. Closes below the 20day moving average crossing are needed to confirm that a shortterm top has been posted. If it extends the rally off April’s low, February’s high crossing is the next upside target.
See more analysis at Market Commentary | HY Markets
Thursday 21st May 2015
THE EURO closed lower 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 to bullish signalling that sideways to higher prices are possible nearterm. Today’s close above the 20day moving average crossing confirms that a shortterm low has been posted while opening the door for additional shortcovering gains. If it renews the decline off April’s high, the 38% retracement level of the JuneMarchrally crossing Sis the next downside target.
See more analysis at Market Commentary | HY Markets
Thursday 21st May 2015
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 overbought but remain neutral to bullish signalling that sideways to higher prices are possible nearterm. If it extends this week’s rally, March’s high crossing is the next upside target. Closes below the 20day moving average crossing are needed to confirm that a high has been posted.
See more analysis at Market Commentary | HY Markets
Monday 25th May 2015
THE EURO closed lower on Friday as it extends last week’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 last week’s decline, the reaction low crossing is the next downside target. Closes above the 10day moving average crossing would confirm that a shortterm low has been posted.
See more analysis at Market Commentary | HY Markets
Tuesday 26th May 2015
THE YEN closed lower on Monday. The lowrange close sets the stage for a steady to lower opening when Wednesday’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 last week’s rally, March’s high crossing is the next upside target. Closes below the 20day moving average crossing are needed to confirm that a high has been posted.
See more analysis at Market Commentary | HY Markets
Wednesday 27th May 2015
THE YEN closed sharply 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 overbought but remain neutral to bullish signalling that sideways to higher prices are possible nearterm. If it extends this week’s rally, monthly support crossing is the next upside target. Closes below the 20day moving average crossing at are needed to confirm that a high has been posted.
See more analysis at Market Commentary | HY Markets
Thursday 28th May 2015
THE EURO closed slightly higher on Wednesday as it consolidates some of the decline off May’s high. The midrange close sets the stage for a steady to higher opening when Thursday’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 reaction 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 29th May 2015
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 oversold but remain neutral to bullish signalling that sideways to higjer prices are possible nearterm. If it extends the aforementioned decline, the reaction 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
Monday 1st June 2015
THE EURO closed slightly higher on Friday as it consolidates some of the decline off May’s high. The highrange close sets the stage for a steady to higher opening when Monday’s night session begins trading. Stochastics and the RSI are oversold but are turning neutral to bullish signalling that a low might be in or is near. Closes above the 20day moving average crossing are needed to confirm that a shortterm low has been posted. If it renews the aforementioned decline, the reaction low crossing is the next downside target.
See more analysis at Market Commentary | HY Markets
Tuesday 2nd June 2015
THE YEN closed higher on Friday. 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 last week’s rally, monthly support crossing is the next upside target. Closes below the 20day moving average crossing are needed to confirm that a high has been posted.
See more analysis at Market Commentary | HY Markets
