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CURRENCIES

The June Dollar closed higher on Thursday as it extends this year's rally. The mid-range close sets the stage for a steady to higher opening when Friday'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 June extends the rally off March's low, weekly resistance crossing at 99.90 is the next upside target. Closes below the 20-day moving average crossing at 96.91 would confirm that a short-term top has been posted. First resistance is today's high crossing at 98.06. Second resistance is weekly resistance crossing at 99.90. First support is the 20-day moving average crossing at 96.91. Second support is the 50-day moving average crossing at 96.41.

The June Euro closed lower on Thursday as it extends this week's decline. The low-range close sets the stage for a steady to lower 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 June extends the decline off March's high, the January 2017 low crossing at 110.16 is the next downside target. Closes above the 50-day moving average crossing at 113.68 would temper the near-term bearish outlook. First resistance is the 50-day moving average crossing at 113.68. Second resistance is March's high crossing at 115.33. First support is today's low crossing at 111.66. Second support is the January 2017 low crossing at 110.16.

The June British Pound closed slightly lower on Thursday. The mid-range close sets the stage for a steady to lower 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 June extends the decline off March's high, February's low crossing at 1.2854 is the next downside target. Closes above the 20-day moving average crossing at 1.3083 would confirm that a low has been posted. First resistance is the 20-day moving average crossing at 1.3083. Second resistance is the 50-day moving average crossing at 1.3157. First support is today's low crossing at 1.2899. Second support is February's low crossing at 1.2854.

The June Swiss Franc closed lower on Thursday as it extends the decline off March's high. The high-range close sets the stage for a steady to higher 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 June extends the decline off March's high, weekly support crossing at 0.9713 is the next downside target. Closes above the 20-day moving average crossing at 1.0008 would confirm that a low has been posted. First resistance is the 10-day moving average crossing at 0.9935. Second resistance is the 20-day moving average crossing at 1.0008. First support is today's low crossing at 0.9825. Second support is weekly support crossing at 0.9713.

The June Canadian Dollar closed slightly higher on Thursday as it consolidated some of this week's decline. The high-range close sets the stage for a steady to higher 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 June extends the decline off February's high, December's low crossing at 74.48 is the next downside target. Closes above the 50-day moving average crossing at 75.17 are needed to confirm that a short-term low has been posted. First resistance is the 50-day moving average crossing at 75.17. Second resistance is the reaction high crossing at 76.46. First support is Wednesday's low crossing at 74.04. Second support is December's low crossing at 73.47.

The June Japanese Yen closed higher on Thursday. Stochastics and the RSI are oversold but are turning neutral to bullish signaling that a short-term low might be in or is near. The high-range close sets the stage for a steady to higher opening when Friday's night session begins trading. Closes above the 50-day moving average crossing at 0.0905 would temper the near-term bearish outlook. If June extends the decline off March's low, December's low crossing at 0.0894 is the next downside target. First resistance is April's high crossing at 0.0907. Second resistance is March's high crossing at 0.0918. First support is Wednesday's low crossing at 0.0893. Second support is November's low crossing at 0.0893.