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The December Dollar closed higher on Friday as it consolidated some of the decline off August's high. 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 bearish signaling that sideways to lower prices are possible near-term. If December extends the decline off August's high, July's low crossing at 93.04 is the next downside target. Closes above the 50-day moving average crossing at 94.55 would confirm that a short-term low has been posted. First resistance is September's high crossing at 95.28. Second resistance is August's high crossing at 96.45. First support is July's low crossing at 93.04. Second support is the 38% retracement level of the February-August-rally crossing at 92.92.

The December Euro closed lower on Friday as it consolidated some of the rally off August's low. 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 December extends the rally off August's low, July's high crossing at 119.36 is the next upside target. Closes below the 50-day moving average crossing at 117.19 is needed to confirm that a short-term top has been posted. First resistance is today's high crossing at 118.82. Second resistance is July's high crossing at 119.36. First support is the 50-day moving average crossing at 117.19. Second support is September's low crossing at 116.13.

The December British Pound closed sharply lower on Friday as it consolidated some of the rally off August's low. 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 overbought and are turning neutral to bearish signaling that a short-term top might be in or is near. Closes below the 20-day moving average crossing at 1.3058 would temper the near-term friendly outlook. If December extends the rally off August's low, July's high crossing at 1.3070. First resistance is July's high crossing at 1.3435. Second resistance is June's high crossing at 1.3586. First support is September's low crossing at 1.2845. Second support is August's low crossing at 1.2735.

The December Swiss Franc closed slightly higher on Friday as it extends the rally off July's low. 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 bullish signaling that sideways to higher prices are possible near-term. If December extends the rally off August's low, the 50% retracement level of the February-July-decline crossing at 1.0605 is the next upside target. Closes below the 20-day moving average crossing at 1.0404 would confirm that a short-term top has been posted. First resistance is today's high crossing at 1.0559. Second resistance is the 50% retracement level of the February-July-decline crossing at 1.0605. First support is the 20-day moving average crossing at 1.0404. Second support is the 50-day moving average crossing at 1.0272.

The December Canadian Dollar closed lower on Friday as it consolidates some of the rally off September's low. The mid-range close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends the rally off September's low, the 38% retracement level of the 2017-2018 decline crossing at 77.84 is the next upside target. Closes below the 50-day moving average crossing at 76.71 would confirm that a short-term top has been posted. First resistance is Thursday's high crossing at 77.75. Second resistance is the 38% retracement level of the 2017-2018 decline crossing at 77.84. First support is September's low crossing at 75.75. Second support is July's low crossing at 75.47.

The December Japanese Yen closed lower on Friday as it extends this month's decline. 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 oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends the decline off August's high, the December-2016 low crossing at 0.0886 is the next downside target. Closes above the 50-day moving average crossing at 0.0905 would temper the near-term bearish outlook. First resistance is September's high crossing at 0.0912. Second resistance is August's high crossing at 0.0918. First support is today's low crossing at 0.0891. Second support is the December-2016 low crossing at 0.0886.

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