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CURRENCIES:

The December Dollar closed lower on Friday as it extended this week's trading range. The mid-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 higher prices are possible near-term. If December extends the aforementioned decline, the 50-day moving average crossing at $93.29 is the next downside target. Closes above the 20-day moving average crossing at $93.98 would signal that a short-term low has been posted. First resistance is October's high crossing at 94.57. Second resistance is the 38% retracement level of the 2020-2021-decline crossing at $94.82. First support is the 50-day moving average crossing at $93.29. Second support is the September 23rd low crossing at $92.97.

The December Euro posted an inside day with a higher close on Friday. The mid-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 rally off October's low, the 50-day moving average crossing at 117.26 is the next upside target. Closes below the 10-day moving average crossing at 116.17 would signal that a short-term top has been posted. First resistance is the 50-day moving average crossing at 117.26. 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 closed lower on Friday. 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 overbought but remain neutral to bullish signaling that sideways to higher prices are still possible. If December extends the rally off September's low, September's high crossing at 1.3917 is the next upside target. Closes below the 20-day moving average crossing at 1.3648 would signal that a short-term top has been posted. First resistance is Thursday's high crossing at 1.3832. Second resistance is September's high crossing at 1.3917. First support is the 50-day moving average crossing at 1.3715. Second support is the 20-day moving average crossing at 1.3648.

The December Swiss Franc closed higher on Friday as it extends the rally off September's low. The mid-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 September's low, the 50% retracement level of the June-August decline crossing at 1.0968 is the next upside target. Closes below the 20-day moving average crossing at 1.0818 would confirm that a short-term top has been posted while opening the door for additional weakness near-term. First resistance is today's high crossing at 1.1942. Second resistance is the 50% retracement level of the June-August decline crossing at 1.0968. First support is the 20-day moving average crossing at 1.0818. Second support is September's low crossing at 1.0693.

The December Canadian Dollar closed slightly higher on Friday. 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 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 off the June-August decline crossing at 81.72 is the next upside target. Closes below the 20-day moving average crossing at 79.99 would signal that a short-term top has been posted. First resistance is the June 26th high crossing at 81.55. Second resistance is the 75% retracement level off the June-August decline crossing at 81.72. First support is the 10-day moving average crossing at 80.69. Second support is the 20-day moving average crossing at 79.99.

The December Japanese Yen closed higher on Friday and above the 10-day moving average crossing at 0.087874 hinting that a short-term low might be in place. 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 are turning neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at 0.088815 would confirm that a short-term low has been posted. If December extends the decline off September's high, the December-2016 low on the monthly continuation chart crossing at 0.084275 is the next downside target. First resistance is the 20-day moving average crossing at 0.088815. Second resistance is the 50-day moving average crossing at 0.090200. First support is Wednesday's low crossing at 0.087215. Second support is the December-2016 low on the monthly continuation chart crossing at 0.084275.