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Weak

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The December Dollar was slightly lower overnight. Stochastics and the RSI are neutral to bullish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at 94.84 would confirm that a short-term top has been posted while opening the door for additional weakness near-term. If December resumes the rally off September's low, August's high crossing at 96.45 is the next upside target. First resistance is last-Tuesday's high crossing at 95.84. Second resistance is August's high crossing at 96.45. First support is the 20-day moving average crossing at 94.84. Second support is September's low crossing at 93.39.

The December Euro was steady to slightly higher overnight. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at 116.51 would temper the near-term bearish outlook. If December resumes the decline off September's high, August's low crossing at 114.09 is the next downside target. First resistance is September's high crossing at 118.93. Second resistance is July's high crossing at 119.36. First support is last-Tuesday's low crossing at 114.93. Second support is August's low crossing at 114.09.

The December British Pound was slightly higher in late-overnight trading. The high-range trade in the overnight trade sets the stage for a steady to higher prices are possible near-term. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 50-day moving average crossing at 1.3053 would temper the near-term friendly outlook. If December extends the rally off October's low, September's high crossing at 1.3350 is the next upside target. First resistance is September's high crossing at 1.3350. Second resistance is July's high crossing at 1.3435. First support is October's low crossing at 1.2963. Second support is September's low crossing at 1.2845.

The December Swiss Franc was higher overnight. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If December resumes the decline off September's high, July's low crossing at 1.0082 is the next downside target. Closes above the 20-day moving average crossing at 1.0231 would confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at 1.0231. Second resistance is the 50-day moving average crossing at 1.0286. First support is the overnight low crossing at 1.0091. Second support is July's low crossing at 1.0082.

The December Canadian Dollar was slightly lower overnight. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. If December resumes the decline off October's high, September's low crossing at 75.75 is the next downside target. Closes above Tuesday's high crossing at 77.51 would confirm that a short-term low has been posted. First resistance is Tuesday's high crossing at 77.51. Second resistance is October's high crossing at 78.35. First support is the September 27th low crossing at 76.56. Second support is September's low crossing at 75.75.

The December Japanese Yen was slightly higher overnight. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at 0.0890 would temper the near-term friendly outlook. Closes above the 50-day moving average crossing at 0.0889 would open the door for additional short-covering gains near-term. If December renews the decline off August's high, the 87% retracement level of the 2015-2016 rally crossing at 0.0876 is the next downside target. First resistance is the 50-day moving average crossing at 0.0889. Second resistance is September's high crossing at 0.0912. First support is October's low crossing at 0.0877. Second support is the 87% retracement level of the 2015-2016 rally crossing at 0.0876.

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