December US Dollar closed up 0.005 at 76.480. This was 0.250 up from the low and 0.175 off the high.
December Euro closed up 0.16 at 147.38. This was 0.51 up from the low and 0.35 off the high.
December Japanese Yen finished down 0.29 at 109.77, 0.76 off the high and 0.58 up from the low.
December Swiss finished up 0.24 at 97.28, 0.11 off the high and 0.7 up from the low.
December Canadian Dollar finished up 0.02 at 93.81, 0.63 off the high and 0.13 up from the low.
December British Pound closed down 0.52 at 164.4. This was 0.16 up from the low and 1.28 off the high.
Technical Outlook
JAPANESE YEN (DEC) 09/18/2009: Momentum studies trending lower from overbought
levels is a bearish indicator and would tend to reinforce lower price action. The market's short-term trend is positive on the close above the 9-day moving average. It is a slightly negative indicator that the close was lower than the pivot swing number. The next downside target is 108.49. The next area of resistance is around 110.45 and 111.16, while 1st support hits today at 109.12 and below there at 108.49.
EURO (DEC) 09/18/2009: Momentum studies are trending higher but have entered overbought levels. The close above the 9-day moving average is a positive short-term indicator for trend. The close over the pivot swing is a somewhat positive setup. The near-term upside target is at 148.20. The 9-day RSI over 70 indicates the market is approaching overbought levels. The next area of resistance is around 147.82 and 148.20, while 1st support hits today at 146.96 and below there at 146.49.
December Euro closed up 0.16 at 147.38. This was 0.51 up from the low and 0.35 off the high.
December Japanese Yen finished down 0.29 at 109.77, 0.76 off the high and 0.58 up from the low.
December Swiss finished up 0.24 at 97.28, 0.11 off the high and 0.7 up from the low.
December Canadian Dollar finished up 0.02 at 93.81, 0.63 off the high and 0.13 up from the low.
December British Pound closed down 0.52 at 164.4. This was 0.16 up from the low and 1.28 off the high.
Technical Outlook
JAPANESE YEN (DEC) 09/18/2009: Momentum studies trending lower from overbought
levels is a bearish indicator and would tend to reinforce lower price action. The market's short-term trend is positive on the close above the 9-day moving average. It is a slightly negative indicator that the close was lower than the pivot swing number. The next downside target is 108.49. The next area of resistance is around 110.45 and 111.16, while 1st support hits today at 109.12 and below there at 108.49.
EURO (DEC) 09/18/2009: Momentum studies are trending higher but have entered overbought levels. The close above the 9-day moving average is a positive short-term indicator for trend. The close over the pivot swing is a somewhat positive setup. The near-term upside target is at 148.20. The 9-day RSI over 70 indicates the market is approaching overbought levels. The next area of resistance is around 147.82 and 148.20, while 1st support hits today at 146.96 and below there at 146.49.
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