Wednesday 3rd June 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 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.
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Thursday 4th June 2015
THE EURO 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 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.
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Friday 5th June 2015
US OIL closed lower on Thursday. The lowrange close sets the stage for a steady to lower opening when Friday’s night session begins. Stochastics and the RSI are turning neutral to bearish signalling that sideways to lower prices are possible nearterm. If it extends the decline off May’s high, the 50% retracement level of the MarchMayrally crossing is the next downside target.
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Monday 8th June 2015
THE YEN closed higher on Friday renewing the rally off April’s low. The highrange close sets the stage for a steady to higher opening when Monday’s night session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signalling that sideways to high prices are possible nearterm. If it extends the aforementioned 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.
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Tuesday 9th June 2015
THE SWISS FRANC closed lower on Monday and above the 20day moving average crossing confirming that a shortterm bottom has been posted. 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 bearish signalling that sideways to lower prices are possible nearterm. If it extends Monday’s decline, the reaction low crossing is the next downside target. If it resumes the rally off May’s low, the reaction high crossing is the next upside target.
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Wednesday 10th June 2015
THE YEN closed lower on Tuesday as it consolidated some of the rally off April’s low. The midrange 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 bearish signalling that sideways to lower prices are possible nearterm. If it extends the aforementioned 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.
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Thursday 11th June 2015
THE SWISS FRANC 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 neutral to bearish signalling that sideways to lower prices are possible nearterm. If it extends the decline off May’s high, the reaction low crossing is the next downside target. If it resumes the rally off May’s low, the reaction high crossing is the next upside target.
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Friday 12th June 2015
STERLING posted an inside day with a slightly lower close 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 neutral to bullish signalling that sideways to higher prices are possible nearterm. If it extends this month’s rally, the reaction high crossing is the next upside target. Closes below the 10day moving average crossing would confirm that a shortterm top has been posted.
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Monday 15th June 2015
THE YEN posted an inside day with a higher close on Friday as it consolidates above the 20day moving average. 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 sideways to lower prices are possible nearterm. Closes below the 20day moving average crossing are needed to confirm that a high has been posted. If it renews this year’s rally, monthly support crossing is the next upside target.
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Tuesday 16th June 2015
The SWISS FRANC closed higher on Monday as it extends the trading range of the past threeweeks. 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 signalling that sideways trading is possible nearterm. If it resumes the decline off May’s high, the reaction low crossing is the next downside target. Closes above May’s high crossing would renew the rally off May’s low while opening the door for a test of the reaction high crossing.
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Wednesday 17th June 2015
STERLING closed slightly higher on Tuesday but remains below the 20day moving average. The highrange close sets the stage for a steady to higher opening when Wednesday’s night session begins trading. Stochastics and the RSI are neutral to bullish signalling that sideways to higher prices are possible nearterm. Closes above last Wednesday’s high crossing are needed to confirm that a low has been posted. If it renews this year’s decline, monthly support crossing is the next downside target.
See more analysis at Market Commentary | HY Markets
Thursday 18th June 2015
The EURO 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 resumes the rally off May’s low, May’s high 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
Thursday 18th June 2015
SPOT GOLD closed 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 signalling that sideways to higher prices are possible nearterm. Closes above the 20day moving average crossing are needed to confirm that a low has been posted. If it renews the decline off May’s high, March’s low crossing is the next downside target.
See more analysis at Market Commentary | HY Markets
Friday 19th June 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 overbought but remain neutral to bullish signalling that sideways to higher prices are possible nearterm. If it extends the rally off May’s low, May’s high 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
Wednesday 24th June 2015
The EURO closed lower on Tuesday 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 Wednesday’s night session begins trading. Stochastics and the RSI have turned bearish signalling that sideways to lower prices are possible nearterm. If it extends Tuesday’s decilne, the reaction low crossing is the next downside target. If it renews the rally off May’s low, May’s high crossing is the next upside target.
See more analysis at Market Commentary | HY Markets
Thursday 25th June 2015
STERLING closed lower on Wednesday as it extended 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 are turning neutral to bearish signalling that sideways to lower prices are possible nearterm. Closes below the 20day moving average crossing are needed to confirm that a shortterm top has been posted. If it resumes this month’s rally, the 62% retracement level of the JulyAprildecline crossing is the next upside target.
See more analysis at Market Commentary | HY Markets
Friday 26th June 2015
STERLING closed higher 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 turning neutral to bearish signalling that sideways to lower prices are possible nearterm. Closes below the 20day moving average crossing are needed to confirm that a shortterm top has been posted. If it resumes this month’s rally, the 62% retracement level of the JulyAprildecline crossing is the next upside target.
See more analysis at Market Commentary | HY Markets
Tuesday 30th June 2015
THE EURO closed higher on Monday as it consolidated earlysession weakness but remains below the 20day moving average crossing. 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 sideways to higher prices are possible nearterm. If it renews the rally off May’s low, May’s high crossing is the next upside target. If it extends last week’s decilne, May’s low crossing is the next downside target.
See more analysis at Market Commentary | HY Markets
Friday 3rd July 2015
STERLING closed lower on Thursday extending yesterday’s decline below the 20day moving average crossing. 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 lower prices are possible nearterm. If it extends this week’s decline, the AprilJuneuptrend line crossing is the next downside target.
See more analysis at Market Commentary | HY Markets
Monday 6th July 2015
STERLING closed lower on Friday extending yesterday’s decline below the 20day moving average crossing. 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 bearish signalling that sideways to lower prices are possible nearterm. If it extends this week’s decline, the AprilJuneuptrend line crossing is the next downside target.
See more analysis at Market Commentary | HY Markets
