Don't forget to sign up for this Thursdays “Trend Jumper” webinars
The September Dollar posted an inside day with a lower close on Monday due to profit taking as it consolidated some of the rally off June's low. The low range close sets the stage for a steady to lower opening when Tuesday's night session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near term. If September extends the rally off June's low, monthly resistance marked by the June 2010 high crossing at 89.10 is the next upside target. Closes below the 20 day moving average crossing at 82.52 would confirm that a short term top has been posted. First resistance is Friday's high crossing at 84.93. Second resistance is monthly resistance crossing at 89.10. First support is the 10 day moving average crossing at 83.55. Second support is the 20-day moving average crossing at 82.52.
The September Euro closed higher due to short covering on Monday as it consolidated some of the decline off June's high. The high range close sets the stage for a steady to higher opening when Tuesday's night session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near term. If September extends the aforementioned decline, May's low crossing at 128.10 is the next downside target. Closes above the 20 day moving average crossing at 131.54 are needed to confirm that a short term low has been posted. First resistance is the 10 day moving average crossing at 130.08. Second resistance is the 20 day moving average crossing at 131.54. First support is last Friday's low crossing at 128.08. Second support is May's low crossing at 128.10.
The September British Pound closed higher on Monday as it consolidated some of last Friday's decline. The high range close sets the stage for a steady to higher opening when Tuesday's night session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near term. If September extends the decline off June's high, May's low crossing at 1.4999 is the next downside target. Closes above the 20 day moving average crossing at 1.5400 would confirm that a short term low has been posted. First resistance is the 10 day moving average crossing at 1.5206. Second resistance is the 20 day moving average crossing at 1.5400. First support is last Friday's low crossing at 1.4845. Second support is May's low crossing at 1.4999.
The September Swiss Franc closed higher due to short covering on Monday as it consolidated some of the decline off June's high. The high range close sets the stage for a steady to higher opening when Tuesday's night session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near term. If September extends the decline off June's high, the 75% retracement level of the May-June rally crossing at .10284 is the next downside target. Closes above the 20 day moving average crossing at .10687 would confirm that a short term low has been posted. First resistance is the 10 day moving average crossing at .10565. Second resistance is the 20 day moving average crossing at .10687. First support is the 75% retracement level of the May-June rally crossing at .10381. Second support is the 87% retracement level of the May-June rally crossing at .10284.
The September Canadian Dollar closed higher due to short covering 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 are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near term. If September extends this year's decline, weekly support crossing at 93.67 is the next downside target. Closes above the 20 day moving average crossing at 96.13 would confirm that a short term low has been posted. First resistance is the reaction high crossing at 95.74. Second resistance is the 20 day moving average crossing at 96.13. First support is last Friday's low crossing at 94.09. Second support is weekly support crossing at 93.67.
The September Japanese Yen closed slightly higher on Monday as it consolidated some of the decline off June's high. The high-range close sets the stage for a steady to higher opening when Tuesday's night session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near term. If September extends the decline off June's high, the reaction low crossing at .9757 is the next downside target. Closes above the 20 day moving average crossing at .10240 are needed to confirm that a low has been posted. First resistance is the 10 day moving average crossing at .10071. Second resistance is the 20 day moving average crossing at .10240. First support is today's low crossing at .9852. Second support is the reaction low crossing at .9757.
Sign up is open for this Thursdays “Trend Jumper” webinars
No comments:
Post a Comment