September US Dollar closed down 0.825 at 77.340. This was 0.275 up from the low and 0.830 off the high.
September Euro closed up 1.81 at 144.9. This was 1.87 up from the low and 0.46 off the high.
September Japanese Yen finished up 0.78 at 108.29, 0.37 off the high and 1.1 up from the low.
September Swiss finished up 1.23 at 95.54, 0.32 off the high and 1.26 up from the low.
September Canadian Dollar finished up 0.51 at 92.61, 1.09 off the high and 0.63 up from the low.
September British Pound closed up 0.92 at 164.9. This was 1.68 up from the low and 0.99 off the high.
Technical Outlook
JAPANESE YEN (SEP) 09/09/2009: Momentum studies trending lower from overbought levels is a bearish indicator and would tend to reinforce lower price action. The close above the 9-day moving average is a positive short-term indicator for trend. The daily closing price reversal up is a positive indicator that could support higher prices. With the close over the 1st swing resistance number, the market is in a moderately positive position. The next downside objective is now at 106.66. The next area of resistance is around 109.05 and 109.59, while 1st support hits today at 107.59 and below there at 106.66.
EURO (SEP) 09/09/2009: Momentum studies are trending higher but have entered overbought levels. A positive signal for trend short-term was given on a close over the 9-bar moving average. There could be more upside follow through since the market closed above the 2nd swing resistance. The near-term upside objective is at 146.87. The next area of resistance is around 146.06 and 146.87, while 1st support hits today at 143.74 and below there at 142.22.
September Euro closed up 1.81 at 144.9. This was 1.87 up from the low and 0.46 off the high.
September Japanese Yen finished up 0.78 at 108.29, 0.37 off the high and 1.1 up from the low.
September Swiss finished up 1.23 at 95.54, 0.32 off the high and 1.26 up from the low.
September Canadian Dollar finished up 0.51 at 92.61, 1.09 off the high and 0.63 up from the low.
September British Pound closed up 0.92 at 164.9. This was 1.68 up from the low and 0.99 off the high.
Technical Outlook
JAPANESE YEN (SEP) 09/09/2009: Momentum studies trending lower from overbought levels is a bearish indicator and would tend to reinforce lower price action. The close above the 9-day moving average is a positive short-term indicator for trend. The daily closing price reversal up is a positive indicator that could support higher prices. With the close over the 1st swing resistance number, the market is in a moderately positive position. The next downside objective is now at 106.66. The next area of resistance is around 109.05 and 109.59, while 1st support hits today at 107.59 and below there at 106.66.
EURO (SEP) 09/09/2009: Momentum studies are trending higher but have entered overbought levels. A positive signal for trend short-term was given on a close over the 9-bar moving average. There could be more upside follow through since the market closed above the 2nd swing resistance. The near-term upside objective is at 146.87. The next area of resistance is around 146.06 and 146.87, while 1st support hits today at 143.74 and below there at 142.22.
No comments:
Post a Comment