Wednesday 5th August 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 have turned neutral to bearish signalling that sideways to lower prices are possible nearterm. If it renews the decilne off June’s high, the reaction crossing is the next downside target. If it resumes the rally off July’s low, the reaction high crossing is the next upside target.
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Thursday 6th August 2015
THE EURO closed slightly higher on Wednesday. The midrange 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 renews the decilne off June’s high, the reaction crossing is the next downside target. If it resumes the rally off July’s low, the reaction high crossing is the next upside target.
See more analysis at Market Commentary | HY Markets
Friday 7th August 2015
STERLING 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 turning neutral to bearish signalling that sideways to lower prices are possible nearterm. If it renews the decline off June’s high, July’s low crossing is the next downside target. Closes above the reaction high crossing are needed to renew the rally off July’s low.
See more analysis at Market Commentary | HY Markets
Monday 10th August 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 signalling that sideways to higher prices are possible nearterm. If it resumes 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
Tuesday 11th August 2015
THE EURO closed higher on Monday and 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 resumes 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
Wednesday 12th August 2015
THE EURO closed higher on Tuesday and 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 bullish signalling that sideways to higher prices are possible nearterm. If it resumes 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
Thursday 13th August 2015
THE EURO closed higher on Wednesday renewing the rally off July’s low. 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 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. Closes below the 20day moving average crossing would temper the nearterm friendly outlook.
See more analysis at Market Commentary | HY Markets
Monday 17th August 2015
THE EURO closed higher on Friday as it consolidated some of the rally off July’s low. The highrange 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 July’s low, the reaction high crossing is the next upside target. Closes below the 20day moving average crossing would temper the nearterm friendly outlook.
See more analysis at Market Commentary | HY Markets
Monday 17th August 2015
THE EURO closed higher on Friday as it consolidated some of the rally off July’s low. The highrange 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 July’s low, the reaction high crossing is the next upside target. Closes below the 20day moving average crossing would temper the nearterm friendly outlook.
See more analysis at Market Commentary | HY Markets
Wednesday 19th August 2015
STERLING posted a key reversal up on Tuesday while extending the JulyAugust trading range. 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 signalling that sideways trading is possible nearterm. Closes below the 20day moving average crossing would temper the nearterm friendly outlook. Closes below the reaction high crossing are needed to renew the rally off July’s low.
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Thursday 20th August 2015
THE EURO closed higher on Wednesday ending the decline off last week’s high. The highrange close sets the stage for a steady to higher opening when Thursday’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 resumes the rally off July’s low, the reaction 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
HYMARKETS Stocks Report: Exxon Mobil Corp
• Exxon broke support level 76.30
• Likely to fall to 73.00
Exxon recently broke through the support level 76.30 – which was set in our previous report as the expected target for the downward movement of this company. The breakout of this support level coincided with the breakout of the support trendline of the extended daily down channel from last year – which has enclosed the most of the active primary impulse sequence. Exxon is likely to fall further in the active impulse waves 3 and (3) toward the next support level 73.00. Sell stop-loss can be placed above 76.30.
Monday 24th August 2015
THE EURO closed higher on Friday as it extends the rally off July’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 neutral to bullish signalling that sideways to higher prices are possible nearterm. If it extends the rally off July’s low, June’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 24th August 2015
THE EURO closed higher on Friday as it extends the rally off July’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 neutral to bullish signalling that sideways to higher prices are possible nearterm. If it extends the rally off July’s low, June’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
Tuesday 25th August 2015
THE EURO closed sharply higher on Monday as it extends the rally off July’s low. The midrange close sets the stage for a steady to higher opening when Tuesday’s night session begins trading. Stochastics and the RSI are becoming overbought but remain neutral to bullish signalling that sideways to higher prices are possible nearterm. If it extends the rally off July’s low, the 38% 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.
See more analysis at Market Commentary | HY Markets
Thursday 27th August 2015
US OIL closed lower on Wednesday despite a weekly decline in U.S. crude inventories, dragged down by a nearly 5% drop in gasoline futures, which were pressured by the restart of a key refinery and an unexpected increase in domestic stockpiles. The lowrange close sets the stage for a steady to lower opening when Thursday’s night session begins. Stochastics and the RSI are oversold but remain neutral to bearish signalling that sideways to lower prices are possible nearterm. If October extends the decline off May’s high, low crossing is the next downside target. Closes above the 20day moving average crossing are needed to confirm that a low has been posted.
See more analysis at: Market Commentary | HY Markets
Friday 28th August 2015
THE EURO closed lower on Thursday as it consolidates some of the rally off July’s low. 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. Closes below the 20day moving average crossing are needed to confirm that a shortterm top has been posted. If it renews the rally off July’s low, the 38% retracement level of the 20142015decline crossing is the next upside target.
See more analysisa at Market Commentary | HY Markets
Monday 31st August 2015
THE EURO closed lower on Friday as it extends this 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 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 renews the rally off July’s low, the 38% retracement level of the 20142015decline crossing is the next upside target.
See more analysis at Market Commentary | HY Markets
Tuesday 1st September 2015
THE EURO posted an inside day with a higher close on Monday as it consolidates some of the decline off August’s high. 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 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 renews the rally off July’s low, the 38% retracement level of the 20142015decline crossing is the next upside target.
See more analysis at Market Commentary | HY Markets
Wednesday 2nd September 2015
THE EURO was higher due to short covering overnight as it consolidates some of this month’s decline. 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 shortterm top has been posted while opening the door for additional weakness nearterm. If it resumes the rally off July’s low, the 38% retracement level of the 20142015decline crossing is the next upside target.
See more analysis at Market Commentary | HY Markets
