Thursday 29th May 2014
GOLD 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 neutral to bearish signalling that sideways to lower prices are possible nearterm. If it extends the decline off March’s high, the 75% 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.
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Friday 30th May 2014
THE EURO closed higher due to short covering on Thursday as it consolidates some of the decline off May’s high. The midrange close sets the stage for a steady opening when Friday’s night session begins trading. Stochastics and the RSI remains neutral to bearish signalling that sideways to lower prices are possible nearterm. If it extends the aforementioned decline, the 38% retracement level of the 20132014rally crossing is the next downside target. Closes above the 20day moving average crossing would confirm that a shortterm low has been posted.
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Monday 2nd June 2014
THE EURO closed higher due to short covering on Friday as it consolidates some of the decline off May’s high. 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 hinting that a low might be in or is near. Closes above the 20day moving average crossing would confirm that a shortterm low has been posted. If it extends this month’s decline, the 38% retracement level of the 20132014rally crossing is the next downside target.
See more analysis at Market Commentary | HY Markets
Tuesday 3rd June 2014
THE EURO closed lower on Monday and is poised to extend the decline off May’s high. The midrange close sets the stage for a steady 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 the decline off May’s high, the 38% retracement level of the 20132014rally 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 4th June 2014
THE YEN closed higher on Tuesday as it extends this 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 turning neutral to bullish with signalling that sideways to higher prices are possible nearterm. If it extends this week’s rally, May’s high crossing is the next upside target. If it renews the decline off May’s high, February’s low crossing is the next downside target.
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Thursday 5th June 2014
STERLING closed lower on Wednesday. The midrange 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 still possible. If it renews the decline off May’s high, the reaction 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.
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Friday 6th June 2014
US OIL closed higher on Thursday. The midrange close sets the stage for a steady opening when Friday’s night session begins. Stochastics and the RSI are 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 May’s low, weekly resistance crossing is the next upside target.
See more analysis at Market Commentary | HY Markets
Monday 9th June 2014
THE EURO posted an inside day with a lower close on Friday leaving Thursday’s huge key reversal up unconfirmed. The midrange close sets the stage for a steady 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. Closes above the 20day moving average crossing are needed to confirm that a shortterm low has been posted. If it extends the decline off May’s high, the 50% retracement level of the 20132014rally crossing is the next downside target.
See more analysis at Market Commentary | HY Markets
Tuesday 10th June 2014
US OIL closed higher on Monday. The highrange close sets the stage for a steady to higher 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 May’s low, weekly resistance 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 11th June 2014
THE EURO closed lower on Tuesday and the lowrange close sets the stage for a steady to lower opening when Wednesday’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 resumes the decline off May’s high, the 50% retracement level of the 20132014rally 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
Friday 13th June 2014
STERLING closed higher 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 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. If it renews the decline off May’s high, the reaction low crossing is the next downside target. If it renews the rally off May’s low, the reaction high crossing is the next upside target.
See more analysis at Market Commentary | HY Markets
Monday 16th June 2014
THE EURO closed lower on Friday and 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 neutral to bullish hinting 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 resumes the decline off May’s high, the 50% retracement level of the 20132014rally crossing is the next downside target.
See more analysis at Market Commentary | HY Markets
Tuesday 17th June 2014
THE EURO closed higher due to short covering 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 turning neutral to bullish hinting 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 resumes the decline off May’s high, the 50% retracement level of the 20132014rally crossing is the next downside target.
See more analysis at Market Commentary | HY Markets
Wednesday 18th June 2014
THE EURO closed lower on Tuesday and the lowrange close sets the stage for a steady to lower opening when Wednesday’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 resumes the decline off May’s high, the 50% retracement level of the 20132014rally 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 19th June 2014
THE EURO closed higher on Wednesday and 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. Closes above the 20day moving average crossing are needed to confirm that a shortterm low has been posted. If it resumes the decline off May’s high, the 50% retracement level of the 20132014rally crossing is the next downside target.
See more analysis at Market Commentary | HY Markets
Friday 20th June 2014
NATURAL GAS closed lower 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, weekly resistance 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 23rd June 2014
THE EURO closed lower on Friday but remains above the 20day moving average crossing. The midrange close sets the stage for a steady 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 this week’s rally, the reaction high crossing is the next upside target. If it resumes the decline off May’s high, the 50% retracement level of the 20132014rally crossing is the next downside target.
See more analysis at Market Commentary | HY Markets
US OIL closed lower due to profit taking on Tuesday but not before posting a new high for the year. The lowrange close sets the stage for a steady to lower opening when Wednesday’s night session begins. Stochastics and the RSI are neutral to bullish signalling that sideways to higher prices are possible nearterm. If it extends the rally off May’s low, monthly resistance 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 26th June 2014
THE EURO closed higher on Wednesday extending the rally off June’s low. 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 bullish signalling that sideways to higher prices are possible nearterm. If it extends the aforementioned rally, the reaction high crossing is the next upside target. If it resumes the decline off May’s high, the 50% retracement level of the 20132014rally crossing is the next downside target.
See more analysis at Market Commentary | HY Markets
Friday 27th June 2014
THE YEN closed lower on Thursday. Thursday’s 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 bullish hinting that a shortterm bottom might be in or is near. If it renews the rally off May’s low, May’s high crossing is the next upside target. If it extends the decline off June’s high, May’s low crossing is the next downside target.
See more analysis at Market Commentary | HY Markets
