EUR/USD closed higher due to short covering on Thursday as it consolidates some of Wednesday's decline but remains below the 20-day moving average crossing. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are bearish signalling that sideways to lower prices are possible near-term. If it extends this week's decline, the reaction low crossing is the next downside target. Closes above the 10-day moving average crossing would temper the near-term bearish outlook in the market.
USD/JPY closed lower on Thursday as it extends the decline off this month's high. The low-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI remain bearish signalling that sideway to lower prices are possible near-term. If it extends the decline, the reaction low crossing is the next downside target. Closes above the 20-day moving average crossing are needed to confirm that a short-term low has been postedGBP/USD closed higher due to short covering on Thursday as it consolidates some of Wednesday's decline but remains below the 20-day moving average crossing. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are bearish signalling that sideways to lower prices are possible near-term. If it extends this week's decline, the reaction low crossing is the next downside target. Closes above the 10-day moving average crossing would temper the near-term bearish outlook in the market.
DJI closed sharply higher on Thursday renewing this month's rally. The mid-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are overbought but remain neutral to bullish signalling that sideways to higher prices are possible near-term. SPI closed higher on Thursday as it extends this month's rally. The mid-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are overbought but remain neutral to bullish signalling that sideways to higher prices are possible near-term. NDI closed sharply higher on Thursday renewing this month's rally. The mid-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are
USD/JPY closed lower on Thursday as it extends the decline off this month's high. The low-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI remain bearish signalling that sideway to lower prices are possible near-term. If it extends the decline, the reaction low crossing is the next downside target. Closes above the 20-day moving average crossing are needed to confirm that a short-term low has been postedGBP/USD closed higher due to short covering on Thursday as it consolidates some of Wednesday's decline but remains below the 20-day moving average crossing. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are bearish signalling that sideways to lower prices are possible near-term. If it extends this week's decline, the reaction low crossing is the next downside target. Closes above the 10-day moving average crossing would temper the near-term bearish outlook in the market.
DJI closed sharply higher on Thursday renewing this month's rally. The mid-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are overbought but remain neutral to bullish signalling that sideways to higher prices are possible near-term. SPI closed higher on Thursday as it extends this month's rally. The mid-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are overbought but remain neutral to bullish signalling that sideways to higher prices are possible near-term. NDI closed sharply higher on Thursday renewing this month's rally. The mid-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are
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