FX - EURO
THE EURO 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 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 low has been posted. If it renews this
summer's decline, monthly support crossing is the next downside target.
FX - YEN
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THE YEN closed higher on Thursday as it extends this fall's rally. 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 higher prices are possible nearterm. If it extends this fall's rally, weekly resistance crossing is the next upside target. Closes below the 20day moving average crossing would confirm that a shortterm high has been posted.
FX - SWISS
FRANC
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THE SWISS FRANC 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 neutral to 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. If it renews the rally
off July's low, monthly resistance crossing is the next upside target.
FX -
STERLING
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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 neutral to bearish signalling that sideways to
lower prices are possible nearterm. If it extends the decline off July's high,
the 75% retracement level of the 20132014rally 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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The Daily Markets Commentary brought to you by HY Markets.
Trade Forex, Gold, Commodities, Indices, Stocks & all Capital Markets Today! Whether new to Forex Markets or an experienced trader, HY Markets provides the trading solution for you. Start now! http://bit.ly/1F7cqb9
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