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CURRENCIES:

The December Dollar was higher overnight as it extends the trading range of the past four-days. Stochastics and the RSI are oversold but remains neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends the aforementioned decline, the 50-day moving average crossing at $93.31 is the next downside target. Closes above last-Monday's high crossing at $94.18 would signal that a short-term low has been posted. If December resumes the rally off September's low, the 38% retracement level of the 2020-2021-decline on the weekly continuation chart crossing at $94.82 is the next upside target. First resistance is October's high crossing at $94.57. Second resistance is the 38% retracement level of the 2020-2021-decline on the weekly continuation chart crossing at $94.82. First support is the 50-day moving average crossing at $93.31. Second support is the September 23rd low crossing at 92.96.

The December Euro was lower overnight as it extends last-week's trading range. The low-range overnight trade sets the stage for a steady to lower opening when the day 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 October's low, the 50-day moving average crossing at $117.23 is the next upside target. If December renews the decline off September's high, the 62% retracement level of the 2020-2021-rally crossing at $114.56 is the next downside target. First resistance is the 50-day moving average crossing at $117.23. Second resistance is the September 22nd high crossing at $117.75. First support is October's low crossing at $115.38. Second support is the 62% retracement level of the 2020-2021-rally crossing at $114.56.

The December British Pound was steady to slightly higher overnight. Overnight strength sets the stage for a steady to higher opening when the day session beings 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 October's low, September's high crossing at 1.3917 is the next upside target. Closes below the 20-day moving average crossing at 1.3651 would signal that a short-term top has been posted. First resistance is last-Wednesday's high crossing at 1.3833. Second resistance is September's high crossing at 1.3917. First support is the 20-day moving average crossing 1.3651. Second support is the the October 12th low crossing at 1.3568.

The December Swiss Franc was lower overnight as it consolidates some of the rally off September's low. Overnight weakness sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices possible near-term. If December extends the rally off September's low, the 50% retracement level of the June-September decline crossing at 1.0968 is the next upside target. Closes below the 20-day moving average crossing at 1.0822 would signal that a short-term top has been posted. First resistance is the overnight high crossing at 1.0943. Second resistance is the 50% retracement level of the June-September decline crossing at 1.0968. First support is the 20-day moving average crossing at 1.0822. Second support is the October 12th low crossing at 1.0754.

The December Canadian Dollar was stead to slightly higher overnight. Overnight strength sets the stage for a steady to higher opening when the day 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 75% retracement level of the June-August decline crossing at $81.72 is the next upside target. Closes below the 20-day moving average crossing at $80.08 would signal that a short-term top has been posted. First resistance is the June 23rd high crossing at $81.55. Second resistance is the 75% retracement level of the June-August decline crossing at $81.72. First support is the 10-day moving average crossing at $80.77. Second support is the 20-day moving average crossing at $80.08.

The December Japanese Yen was steady to lower overnight. Overnight weakness sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at 0.088710 would signal that a short-term low has been posted. If December resumes the decline off September's high, long-term support on the monthly continuation chart crossing at 0.084932 is the next downside target. First resistance is the 20-day moving average crossing at 0.088710. Second resistance is the 50-day moving average crossing at 0.090134. First support is last-Wednesday's low crossing at 0.087215. Second support is long-term support on the monthly continuation chart crossing at 0.084932.