Tuesday Aug 20, 8:19PM EDT

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CURRENCIES

The September Dollar closed lower on Tuesday 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 Wednesday's night session begins trading. Stochastics and the RSI remain neutral to bullish signaling that sideways to higher prices are possible near-term. If September extends the rally off August's low, August's high crossing at 98.70 is the next upside target. Closes below the 10-day moving average crossing at 97.74 would confirm that a short-term top has been posted. First resistance is today's high crossing at 98.34. Second resistance is August's high crossing at 98.70. First support is the 10-day moving average crossing at 97.74. Second support is the 50-day moving average crossing at 97.00.

The September Euro closed higher on Tuesday. The high-range close sets the stage for a steady to higher opening when Wednesday's night session begins trading. Stochastics and the RSI remain neutral to bearish signaling that sideways to lower prices are possible near-term. If September extends the decline off August's high, August's low crossing at 110.65 is the next downside target. Closes above the 20-day moving average crossing at 111.78 would confirm that a short-term low has been posted. Closes above the 50-day moving average crossing at 112.74 would open the door for a possible test of June's high crossing at 114.86. First resistance is the 50-day moving average crossing at 112.74. Second resistance is the June high crossing at 114.86. First support is August's low crossing at 110.65. Second support is monthly support crossing at 109.21.

The September British Pound closed higher on Tuesday. The high-range close sets the stage for a steady to higher opening when Wednesday's night session begins trading. 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 1.2183 would confirm that a short-term low has been posted. If September extends the decline off June's high, monthly support crossing at 1.2001 is the next downside target. First resistance is the 20-day moving average crossing at 1.2183. Second resistance is the 50-day moving average crossing at 1.2456. First support is last-Monday's low crossing at 1.2033. Second support is monthly support crossing at 1.2001.

The September Swiss Franc closed higher on Tuesday as it consolidates some of the decline off August's high. The high-range close sets the stage for a steady to higher opening when Wednesday's night session begins trading. 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 1.0213 would confirm that a short-term top has been posted. If September resumes the rally off August's low, June's high crossing at 1.0392 is the next upside target. First resistance is last-Tuesday's high crossing at 1.0384. Second resistance is June's high crossing at 1.0392. First support is the 50-day moving average crossing at 1.0213. Second support is the 50% retracement level of the May-June-rally crossing at 1.0148.

The September Canadian Dollar closed slightly higher on Tuesday. The high-range close sets the stage for a steady to higher opening when Wednesday'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 September resumes the decline off July's high, the 75% retracement level of the June-July-rally crossing at 74.68 is the next downside target. Closes above the 20-day moving average crossing at 75.64 would confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at 75.64. Second resistance is late-July high crossing at 76.37. First support is the 62% retracement level of the June-July-rally crossing at 75.08. Second support is the 75% retracement level of the June-July-rally crossing at 74.68.

The September Japanese Yen closed higher on Tuesday. The high-range close sets the stage for a steady to higher opening when Wednesday's night session begins trading. 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 0.0938 would confirm that a short-term top has been posted. If September resumes the rally off August's low, the 62% retracement level of the 2018-2019-decline crossing at 0.0960 is the next upside target. First resistance is last-Monday's high crossing at 0.0954. Second resistance is the 62% retracement level of the 2018-2019-decline crossing at 0.0960. First support is the 20-day moving average crossing 0.0938. Second support is the 50-day moving average crossing at 0.0933.