Tuesday 7th July 2015
THE EURO closed slightly lower on Monday. The lowrange close sets the stage for a steady 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 the decilne off June’s high, May’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 8th July 2015
THE YEN closed slightly higher on Tuesday. The midrange close sets the stage for a steady 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 the decline off June’s high, the reaction low 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 9th July 2015
THE YEN closed sharply lower on Wednesday as it extends the rally off June’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 neutral to bearish signalling that sideways to lower prices are possible nearterm. If it extends the decline off June’s high, the reaction low 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
Friday 10th July 2015
THE EURO was unchanged 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. If it extends the decilne off June’s high, May’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
Monday 13th July 2015
THE EURO closed higher on Friday. The midrange close sets the stage for a steady 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. Closes above the 20day moving average crossing would confirm that a shortterm low has been posted. If it resumes the decilne off June’s high, May’s low crossing is the next downside target.
See more analysis at Market Commentary | HY Markets
Tuesday 14th July 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 turning neutral to bullish signalling that a shortterm low might be in or is near. Closes above the 20day moving average crossing are needed to confirm that a low has been posted. If it resumes the decline off June’s high, the 50% retracement level of the AprilJunerally is the next downside target.
See more analysis at Market Commentary | HY Markets
Tuesday 14th July 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 turning neutral to bullish signalling that a shortterm low might be in or is near. Closes above the 20day moving average crossing are needed to confirm that a low has been posted. If it resumes the decline off June’s high, the 50% retracement level of the AprilJunerally is the next downside target.
See more analysis at Market Commentary | HY Markets
Friday 17th July 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 signalling that sideways to lower prices are possible nearterm. If it extends the decilne off June’s high, May’s low crossing is the next downside target. Closes above the 20day moving average crossing are needed confirm that a shortterm low has been posted.
See more analysis at Market Commentary | HY Markets
Monday 20th July 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 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 the decilne off June’s high, May’s low 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
Tuesday 21st July 2015
THE YEN closed slightly higher on Monday as it extends the rise off July’s low. The highrange close sets the stage for a steady 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 decline off July’s low, June’s high crossing is the next upside target. Closes below the 10day moving average crossing would signal that a shortterm high has been posted.
See more analysis at Market Commentary | HY Markets
HYMARKETS Stocks Report: Apple Inc.
• Apple reached resistance level 130.00
• Likely to rise to 133.00 and 134.50
Apple opened yesterday with the sharp upward gap – breaking through the resistance level 130.00, which was set in our previous report as the expected target for the upward movement of this company. The breakout of the resistance level 130.00 coincided with the breakout of the resistance trendline of the daily down channel from April (which has enclosed the previous primary ABC correction IV from April). Apple is likely to rise further to the next resistance levels 133.00 and 134.50 (which stopped previous primary impulse wave III in April).
Wednesday 22nd July 2015
THE EURO closed higher due to short covering on Tuesday as it consolidates some of this month’s decline. 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 remain neutral to bearish signalling that sideways to lower prices are possible nearterm. If it extends the decilne off June’s high, the reaction 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
Wednesday 22nd July 2015
THE EURO closed higher due to short covering on Tuesday as it consolidates some of this month’s decline. 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 remain neutral to bearish signalling that sideways to lower prices are possible nearterm. If it extends the decilne off June’s high, the reaction 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
Thursday 23rd July 2015
STERLING was higher overnight as it appears to be forming a small bull flag. Stochastics and the RSI are turning neutral to bullish signalling that sideways to higher prices are possible nearterm. Closes above the reaction high crossing are needed to confirm that a shortterm low has been posted while opening the door for additional gains nearterm. If it resumes the decline off June’s high, the 50% retracement level of the AprilJunerally crossing is the next downside target.
See more analysis at Market Commentary | HY Markets
Monday 27th July 2015
THE EURO closed slightly lower on Friday. The midrange 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 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 decilne off June’s high, the reaction crossing is the next downside target.
See more analysis at Market Commentary | HY Markets
Tuesday 28th July 2015
THE SWISS FRANC 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 overbought but remain neutral to bullish signalling that sideways to higher prices are possible nearterm. If it extends the decline off June’s low, the 75% retracement level of the MarchMayrally crossing is the next upside target. Closes below the 20day moving average crossing are needed to confirm that a shortterm high has been posted.
See more analysis at Market Commentary | HY Markets
Wednesday 29th July 2015
THE YEN was higher overnight. Stochastics and the RSI are turning neutral to bearish signalling that a high might be in or is near. Closes below the 20day moving average crossing would confirm that a shortterm high has been posted. If it renews the decline off July’s low, June’s high crossing is the next upside target.
See more analysis at Market Commentary | HY Markets
Wednesday 29th July 2015
THE YEN was higher overnight. Stochastics and the RSI are turning neutral to bearish signalling that a high might be in or is near. Closes below the 20day moving average crossing would confirm that a shortterm high has been posted. If it renews the decline off July’s low, June’s high crossing is the next upside target.
See more analysis at Market Commentary | HY Markets
Thursday 30th July 2015
THE EURO closed lower on Wednesday as it consolidates some of its recent gains. 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. If it extends the rally off July’s low, the reaction high crossing is the next upside target. If it renews the decilne off June’s high, the reaction crossing is the next downside target.
See more analysis at Market Commentary | HY Markets
Monday 3rd August 2015
STERLING closed slightly higher on Friday. The midrange close sets the stage for a steady to higher opening when Monday’s night session begins trading. Stochastics and the RSI are neutral signalling that sideways trading is possible nearterm. Closes above the reaction high crossing are needed to renew the rally off July’s low. If it renews the decline off June’s high, July’s low crossing is the next downside target.
See more analysis at Market Commentary | HY Markets
