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CURRENCIES

The December Dollar closed lower on Friday as it extended the decline off October's high. 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 oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends the decline off October's high, the 62% retracement level of the June-September-rally crossing at 96.63. Closes above the 20-day moving average crossing at 98.36 would confirm that a low has been posted. First resistance is the 50-day moving average crossing at 98.03. Second resistance is the 20-day moving average crossing at 98.36. First support is the 62% retracement level of the June-September-rally crossing at 96.63. Second support is the 75% retracement level of the June-September-rally crossing at 96.06.

The December Euro closed higher on Friday as it extends the rally off October's low. 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 overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends this month's rally, the 50% retracement level of the June-September-decline crossing at 112.48 is the next upside target. Closes below the 20-day moving average crossing at 110.50 would confirm that a short-term top has been posted. First resistance is the 50% retracement level of the June-September-decline crossing at 112.48. Second resistance is the 62% retracement level of the June-September-decline crossing at 113.22. First support is the 20-day moving average crossing at 110.50. Second support is October's low crossing at 109.38.

The December British Pound 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 are neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends last-week's rally, the 50% retracement level of the February-September decline crossing at 1.2776 is the next upside target. Closes below the 20-day moving average crossing at 1.2497 would confirm that a short-term top has been posted. First resistance is the 62% retracement level of the February-September decline crossing at 1.2958. Second resistance is the 75% retracement level of the February-September decline crossing at 1.3161. First support is the 10-day moving average crossing at 1.2613. Second support is the 20-day moving average crossing at 1.2497.

The December Swiss Franc 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 are neutral to bullish signaling that sideways to higher prices are possible near-term. Multiple closes above the 50-day moving average high crossing at 1.0200 would confirm that a low has been posted. If December resumes the decline off August's high, May's low crossing at 1.0000 is the next downside target. First resistance is the 50-day moving average crossing at 1.0200. Second resistance is the reaction high crossing at 1.0230. First support is October's low crossing at 1.0029. Second support is May's low crossing at 1.0000.

The December Canadian Dollar close higher on Friday as it extends the rally off last-Thursday's low. 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 overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends the rally off last-Thursday's low, the reaction high crossing at 76.40 is the next upside target. Closes below the 20-day moving average crossing at 75.51 would confirm that a short-term top has been posted. First resistance is today's high crossing at 76.25 is the next upside target. Second resistance is the reaction high crossing at 76.40. First support is last-Thursday's low crossing at 74.96.Second support is September's low crossing at 74.84.

The December Japanese Yen closed higher close 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 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 May 21st low crossing at 0.0919 is the next downside target. Closes above the 20-day moving average crossing at 0.0932 are needed to confirm that a short-term low has been posted. First resistance is the 50-day moving average crossing at 0.0939. Second resistance is September's high crossing at 0.0952. First support is Thursday's low crossing 0.0921. Second support is the May 21st low crossing at 0.0919.