Friday 24th January 2014
SILVER closed higher on Thursday. The highrange close set the stage for a steady to lower opening when Friday’s night session begins trading. Stochastics and the RSI have turned bearish signalling that sideways to lower prices are possible nearterm. If it extends this week’s decline, the reaction low crossing is the next downside target. Closes above the 10day moving average crossing would temper the nearterm bearish outlook.
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Monday 27th January 2014
THE YEN 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 turning bearish signalling that sideways to lower prices are possible nearterm. If it extends the decline off January’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.
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Tuesday 28th January
THE EURO closed lower on Monday as it consolidated some of last Thursday’s rally but remains above the 20day moving average. Today’s lowrange close sets the stage for a steady to lower opening when Tuesday’s night session begins trading. Stochastics and the RSI are bullish signalling that sideways to higher prices are possible nearterm. If it extends last week’s rally, the reaction high crossing is the next upside target. Closes below the 10day moving average crossing would signal that a shortterm top has been posted.
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Wednesday 29th January 2014
THE EURO closed lower on Tuesday as it consolidated some of last week’s rally but remains above the 20day moving average. Tuesday’s 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. If it renews last week’s rally, the reaction high crossing is the next upside target. Closes below the 10day moving average crossing would signal that a shortterm top has been posted
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Today NIFTY OPEN 9 POINT UP @ 6083 SENSEX OPEN 45 POINT UP @ 20544 BANK NIFTY OPEN 40 POINT UP @ 10193.
Wednesday 29th January 2014
THE EURO closed lower on Tuesday as it consolidated some of last week’s rally but remains above the 20day moving average. Tuesday’s 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. If it renews last week’s rally, the reaction high crossing is the next upside target. Closes below the 10day moving average crossing would signal that a shortterm top has been posted
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Monday 3rd Febuary 2014
SILVER closed unchaged on Friday and below the 20-day moving average crossing confirming that a short-term top has been posted. The low-range close sets the stage for a steady to lower opening when Monday’s night session begins trading. Stochastics and the RSI are bearish signalling that sideways to lower prices are possible near-term. If it extends today’s decline, the reaction low crossing is the next downside target. If April renews the rally off December’s low, the 50% retracement level of the August-December decline crossing is the next upside target.
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Tuesday 4th Febuary 2014
US OIL closed lower due to profit taking on Monday as it consolidated some of the rally off January’s low. Monday’s low-range close sets the stage for a steady to lower opening when Tuesday’s night session begins. Stochastics and the RSI are turning neutral to bearish hinting that a short-term top might be in or is near. Closes below the 20-day moving average crossing would confirm that a short-term top has been posted. If it extends the aforementioned rally, the 87% retracement level of the December-January decline crossing is the next upside target.
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Wednesday 5th February 2014
US 30 Index CFD closed higher due to short covering on Tuesday as it consolidated some of the decline off January’s high. Tuesday’s rebound was supported by investors assessing the latest corporate earnings data which showed factory orders fell less than estimated in December. The high-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI remain neutral to bearish signalling that sideways to lower prices are possible near-term. If the Dow extends the decline off January’s high, the 75% retracement level of the October-January rally crossing is the next downside target. Closes above the 20-day moving average crossing would confirm that a short-term low has been posted. See more analysis at Market Commentary | HY Markets
Thursday 6th February 2014
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 remain neutral to bearish signalling that sideways to lower prices are possible nearterm. If it extends the decline off December’s high, the 50% retracement level of the JulyDecember rally 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 7th February 2014
THE YEN 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 remain neutral to bullish signalling that sideways to lower prices are possible nearterm. If it extends the decline off January’s high, the 62% retracement level of the OctoberJanuary rally 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
Monday 10th February 2014
THE SWISS FRANC 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 turning bearish signalling that sideways to lower prices are possible nearterm. Friday’s close below the 10day moving average crossing signals that a shortterm high has been posted. If it extends Friday’s decline, the reaction low crossing is the next downside target. If it renews the rally off January’s low, January’s high crossing is the next upside target.
See more analysis at Market Commentary | HY Markets
Tuesday 11th February 2014
NATURAL GAS closed lower due to profit taking on Monday as it consolidates some of the rally off last Monday’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 remain 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 20day moving average crossing would confirm that a shortterm top has been posted.
See more analysis at Market Commentary | HY Markets
Wednesday 12th February 2014
THE YEN closed higher on Tuesday. Tuesday’s 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 hinting that a shortterm bottom might be in or is near. Closes above the 20day moving average crossing would confirm that a shortterm bottom has been posted. If it renews the decline off January’s high, the 62% retracement level of the OctoberJanuary rally crossing is the next downside target.
See more analysis at Market Commentary | HY Markets
Thursday 13th February 2014
THE EURO closed lower on Wednesday as it consolidates some of the rally off this month’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 turning neutral to bearish hinting that a pause or shortterm top might be forming. If it extends the aforementioned rally, the reaction high crossing is the next upside target. Closes below the 10day moving average crossing would signal that a shortterm top has been posted. If it renews the decline off December’s high, the 50% retracement level of the JulyDecember rally crossing is the next downside target.
See more analysis at Market Commentary | HY Markets
Friday 14th February 2014
STERLING closed higher on Thursday and spiked above January’s high renewing the rally off 2013’s low. 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 the rally off last week’s low, monthly resistance crossing is the next upside target. Closes below the 10day moving average crossing would confirm that a shortterm top has been posted.
See more analysis at Market Commentary | HY Markets
Tuesday 16th February 2014
US 500 Index CFD closed higher on Monday. The high-range close sets the stage for a steady to higher opening when Tuesday’s night session begins trading. Stochastics and the RSI remain neutral to bullish signaling that sideways to higher prices are possible near-term. If it extends the aforementioned rally, December’s high crossing is the next upside target. Closes below the 10-day moving average crossing would confirm that a short-term top has been posted.
See more analysis at Market Commentary | HY Markets
Wednesday 19th February 2014
THE YEN closed higher on Tuesday. Tuesday’s midrange close sets the stage for a steady 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 the 20day moving average crossing would confirm that a shortterm bottom has been posted. If it renews the decline off January’s high, the 62% retracement level of the OctoberJanuary rally crossing is the next downside target.
See more analysis at Market Commentary | HY Markets
Thursday 20th February 2014
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 remain neutral to bearish signalling that sideways to lower prices are possible nearterm. If it extends this month’s decline, December’s 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 21st February 2014
THE EURO closed lower on Thursday. The midrange close sets the stage for a steady opening when Friday’s night session begins trading. Stochastics and the RSI are turning neutral to bearish hinting 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 aforementioned rally, the reaction high crossing is the next upside target.
See more analysis at Market Commentary | HY Markets