Tuesday 25th March 2014
GOLD closed lower on Monday as it renewed this month’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 remain neutral to bearish signalling that sideways to lower prices are possible nearterm. If it extends this month’s decline, the 50% retracement level of the JanuaryMarchrally crossing is the next downside target. Closes above the 10day moving average crossing would confirm that a low has been posted.
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Wednesday 26th March 2014
THE EURO closed lower 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 turning neutral to bullish hinting that a shortterm low might be in or is near. Closes above the 10day moving average crossing would temper the nearterm bearish outlook. If it renews the decline off March’s high, the reaction low crossing is the next downside target.
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Thursday 27th March 2014
STERLING 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, the 50% retracement level of the NovemberFebruaryrally crossing is the next downside target. Closes above the 20day moving average crossing would temper the nearterm bearish outlook.
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Friday 28th March 2014
GOLD closed lower on Thursday as it extends this month’s decline. 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 bearish signalling that sideways to lower prices are possible nearterm. If it extends this month’s decline, the 50% retracement level of the JanuaryMarchrally crossing is the next downside target. Closes above the 20day moving average crossing would confirm that a low has been posted.
See more analysis at Market Commentary | HY Markets
Monday 31st March 2014
THE YEN closed higher on Friday. Friday’s highrange close sets the stage for a steady opening when Monday’s night session begins trading. Stochastics and the RSI are neutral to bearish hinting that sideways to lower prices are possible nearterm. If it renews the decline off March’s high, February’s low crossing is the next downside target. If it renews last week’s rally, March’s high crossing is the next upside target.
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Tuesday 1st April 2014
THE EURO closed higher on Monday as it consolidates some of the decline off March’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 turning neutral to bullish hinting that a low might be in or is near. Closes above the 20day moving average crossing would temper the nearterm bearish outlook. If it extends the decline off March’s high, the reaction low crossing is the next downside target.
See more analysis at Market Commentary | HY Markets
Wednesday 2nd April 2014
THE YEN closed higher on Tuesday as it extends last week’s rally. 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 extends this week’s rally, the reaction high crossing is the next upside target. Closes below the 20day moving average crossing would confirm that a shortterm high has been posted.
See more analysis at Market Commentary | HY Markets
Thursday 3rd April 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 are turning neutral to bearish hinting that a high might be in or is near. Closes below the 20day moving average crossing would temper the nearterm bullish outlook. If it renews the rally off March’s low, the 50% retracement level of the JanuaryMarchdecline crossing is the next upside target.
See more analysis at Market Commentary | HY Markets
Friday 4th April 2014
US OIL closed higher on Thursday as it consolidates some of this week’s decline. Thursday’s highrange close sets the stage for a steady to higher opening when Friday’s night session begins. Stochastics and the RSI are neutral to bearish signalling that sideways to lower prices are possible nearterm. If it extends this week’s decline, March’s low crossing is the next downside target. If it renews the rally off March’s low, March’s high crossing is the next upside target.
See more analysis at Market Commentary | HY Markets
Friday 4th April 2014
THE EURO closed lower on Thursday extending the decline off March’s high. 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 again signalling that sideways to lower prices are possible nearterm. If it extends the decline off March’s high, the reaction low crossing is the next downside target. Closes above the 20day moving average crossing would temper the nearterm bearish outlook.
See more analysis at Market Commentary | HY Markets
Tuesday 8th April 2014
US OIL closed lower on Monday. Monday’s midrange close sets the stage for a steady opening when Tuesday’s night session begins. Stochastics and the RSI are turning neutral to bullish signalling that sideways to higher prices are possible nearterm. If it renews the rally off March’s low, March’s high crossing is the next upside target. If it renews the decline off last week’s high, March’s low crossing is the next downside target.
See more analysis at Market Commentary | HY Markets
Wednesday 9th April 2014
THE EURO closed higher on Tuesday as it consolidated some of the decline off March’s high. The highrange close sets the stage for a steady to higher opening when Wednesday’s night session begins trading. Stochastics and the RSI are bullish signalling that sideways to higher prices are possible nearterm. Closes above the 20day moving average crossing would temper the nearterm bearish outlook. If it extends the decline off March’s high, the 75% retracement level of the FebruaryMarchrally crossing is the next downside target.
See more analysis at Market Commentary | HY Markets
Thursday 10th April 2014
The Swiss Franc closed lower 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 bearish signalling that sideways to lower prices are possible nearterm. Closes below the 20day moving average crossing would confirm that a shortterm high has been posted. If it renews the rally off March’s low, the 62% retracement level of the JanuaryMarchdecline crossing is the next upside target.
See more analysis at Market Commentary | HY Markets
Monday 14th April 2014
THE EURO closed lower on Friday. The midrange close sets the stage for a steady opening when Monday’s night session begins trading. Stochastics and the RSI are 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 10day moving average crossing would confirm that a shortterm top has been posted.
See more analysis at Market Commentary | HY Markets
Tuesday 15th April 2014
STERLING closed lower due to profit taking 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 turning neutral to bearish signalling that a double top with February’s high might have been posted with last Thursday’s high. If it extends the rally off March’s low, weekly resistance crossing is the next upside target. Multiple 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 16th April 2014
GOLD closed sharply lower due to profit taking on Tuesday as it consolidated some of this month’s rally. The midrange close sets the stage for a steady opening when Wednesday’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. Multiple closes below the 10day moving average would confirm that a shortterm top has been posted. If it renews this month’s rally, the reaction high crossing is the next upside target.
See more analysis at Market Commentary | HY Markets
Thursday 17th April 2014
US OIL closed slightly higher due to profit taking on Wednesday as it consolidated some of the rally off January’s low. Today’s lowrange close sets the stage for a steady to lower opening when Thursday’s night session begins. Stochastics and the RSI are turning neutral to bearish hinting that a double top with March’s high might have been posted with Monday’s high. Closes below the 20day moving average crossing would confirm that a shortterm top has been posted. If it extends the rally off March’s low, weekly resistance crossing is the next upside target.
See more analysis at Market Commentary | HY Markets
Friday 18th April 2014
SILVER closed lower on Thursday. The midrange close set the stage for a steady opening when Monday’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 extends the decline off February’s high, January’s low crossing is the next downside target. Closes above last Thursday’s high crossing would confirm that a shortterm low has been posted.
See more anaylysis at Market Commentary | HY Markets
Monday 21st April 2014
US OIL closed unchanged due to market holiday on Friday. The highrange close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI remain bullish signalling that sideways to higher prices are possible nearterm. If it extends the rally off March’s low, the reaction 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 anaylysis at Market Commentary | HY Markets
Tuesday 22nd April 2014
THE EURO closed lower on Monday and just below the 20day moving average crossing. 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 a shortterm top might be in or is near. Multiple closes below the 20day moving average crossing would confirm that a shortterm top has been posted.
See more analysis at Market Commentary | HY Markets