December US Dollar closed up 0.845 at 77.140. This was 0.860 up from the low and 0.115 off the high.
December Euro closed down 1.44 at 146.53. This was 0.26 up from the low and 1.49 off the high.
December Japanese Yen finished down 0.1 at 109.64, 1.1 off the high and 0.45 up from the low.
December Swiss finished down 0.71 at 97.12, 0.9 off the high and 0.21 up from the low.
December Canadian Dollar finished down 1.76 at 91.76, 1.64 off the high and 0.42 up from the low.
December British Pound closed down 3.67 at 160.49. This was 0.28 up from the low and 3.37 off the high.
Technical Outlook
JAPANESE YEN (DEC) 09/25/2009: Declining momentum studies in the neutral zone will tend to reinforce lower price action. A negative signal for trend short-term was given on a close under the 9-bar moving average. It is a slightly negative indicator that the close was under the swing pivot. The next downside objective is 108.25. The next area of resistance is around 110.40 and 111.34, while 1st support hits today at 108.86 and below there at 108.25.
EURO (DEC) 09/25/2009: The daily stochastics have crossed over down which is a bearish indication. Daily stochastics turning lower from overbought levels is bearish and will tend to reinforce a downside break especially if near term support is penetrated. The market's close below the 9-day moving average is an indication the short-term trend remains negative. There could be some early pressure today given the market's negative setup with the close below the 2nd swing support. The next downside objective is 145.09. The next area of resistance is around 147.40 and 148.58, while 1st support hits today at 145.66 and below there at 145.09.
December Euro closed down 1.44 at 146.53. This was 0.26 up from the low and 1.49 off the high.
December Japanese Yen finished down 0.1 at 109.64, 1.1 off the high and 0.45 up from the low.
December Swiss finished down 0.71 at 97.12, 0.9 off the high and 0.21 up from the low.
December Canadian Dollar finished down 1.76 at 91.76, 1.64 off the high and 0.42 up from the low.
December British Pound closed down 3.67 at 160.49. This was 0.28 up from the low and 3.37 off the high.
Technical Outlook
JAPANESE YEN (DEC) 09/25/2009: Declining momentum studies in the neutral zone will tend to reinforce lower price action. A negative signal for trend short-term was given on a close under the 9-bar moving average. It is a slightly negative indicator that the close was under the swing pivot. The next downside objective is 108.25. The next area of resistance is around 110.40 and 111.34, while 1st support hits today at 108.86 and below there at 108.25.
EURO (DEC) 09/25/2009: The daily stochastics have crossed over down which is a bearish indication. Daily stochastics turning lower from overbought levels is bearish and will tend to reinforce a downside break especially if near term support is penetrated. The market's close below the 9-day moving average is an indication the short-term trend remains negative. There could be some early pressure today given the market's negative setup with the close below the 2nd swing support. The next downside objective is 145.09. The next area of resistance is around 147.40 and 148.58, while 1st support hits today at 145.66 and below there at 145.09.
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