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CURRENCIES

The September Dollar closed lower on Friday. The low-range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. If September renews the decline off April's high, weekly support crossing at 91.88 is the next downside target. If September resumes this month's rally, the 50-day moving average crossing at 94.89 is the next upside target. First resistance is the 50-day moving average crossing at 94.89. Second resistance is July's high crossing at 96.26. First support is August's low crossing at 92.39. Second support is weekly support crossing at 91.88.

The September Euro closed higher on Friday. The high-range close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI remain neutral to bearish signaling that sideways to lower prices are possible near-term. If September extends this month's decline, the 50-day moving average crossing at 115.49 is the next downside target. If September renews the rally off April's low, the December-2014 gap on the weekly continuation chart crossing at 120.07 is the next upside target. First resistance is August's high crossing at 119.39. Second resistance is the December-2014 gap on the weekly continuation chart crossing at 120.07. First support is the reaction low crossing at 116.45. Second support is the 50-day moving average crossing at 115.49.

The September British Pound closed slightly higher on Friday. The mid-range close sets the stage for a steady opening when Friday'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 month's decline, June's low crossing at 1.2625 is the next downside target. Closes above the 20-day moving average crossing at 1.3053 would temper the near-term bearish outlook. First resistance is August's high crossing at 1.3287. Second resistance is weekly resistance crossing at 1.3546. First support is July's low crossing at 1.2839. Second support is June's low crossing at 1.2625.

The September Swiss Franc closed lower on Friday. The low-range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If September extends this week's rally, the reaction high crossing at 1.0519 is the next upside target. If September resumes the decline off July's high, the 62% retracement level of the May-July-rally crossing at 1.0173 is the next downside target. First resistance is the reaction high crossing at 1.0461. Second resistance is the reaction high crossing at 1.0519. First support is last Tuesday's low crossing at 1.0258. Second support is the 62% retracement level of the May-July-rally crossing at 1.0173.

The September Canadian Dollar closed higher on Friday and above the 20-day moving average crossing at 79.39 signaling that a short-term low has been posted. The high-range close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If September resumes the decline off July's high, the 38% retracement level of the May-July-rally crossing at 76.65 is the next downside target. First resistance the reaction high crossing at 79.79. Second resistance is July's high crossing at 80.62. First support is Tuesday's low crossing at 78.29. Second support is the 38% retracement level of the May-July-rally crossing at 76.65.

The September Japanese Yen closed higher on Friday as it extends the rally off July's low. The mid-range close sets the stage for a steady opening when the Monday's night session begins trading. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. If September extends the rally off July's low, June's high crossing at 0.9228 is the next upside target. Multiple closes below the 20-day moving average crossing at 0.9079 would confirm that a short-term top has been posted. First resistance is June's high crossing at 0.9228. Second resistance is April's high crossing at 0.9302. First support is Wednesday's low crossing at 0.9026. Second support is the 50-day moving average crossing at 0.9007.

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