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CURRENCIES:

The June Dollar closed higher due to short covering on Tuesday as it consolidates some of this month's decline but remain below the 50-day moving average crossing 91.56 thereby leaving the door open for a possible test of March's low crossing at 90.62. 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 higher prices are possible near-term. If June extends the decline off March's high, March's low crossing 90.62 is the next downside target. Closes above the 20-day moving average crossing at 92.31 would signal that a short-term low has been posted. First resistance is the 10-day moving average crossing at 91.78. Second resistance is the 20-day moving average crossing at 92.31. First support is today's low crossing at 90.84. Second support is March's low crossing 90.62.

The June Euro closed lower due to profit taking on Tuesday as it consolidates some of the rally off April's low but remains above the 50-day moving average crossing at 119.89. The low-range close sets the stage for a steady to lower opening when Wednesday'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, the March high crossing at 121.40 is the next upside target. Closes below the 20-day moving average crossing at 118.88 would signal that a short-term top has been posted. First resistance is today's high crossing at 120.94. Second resistance is March's high crossing at 121.40. First support is the 20-day moving average crossing at 118.88. Second support is March's low crossing at 117.21.

The June British Pound closed lower on Tuesday as it consolidates some of Monday's sharp rally. 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 June extends this week's rally, February's high crossing at 1.4245 is the next upside target. Closes below the 20-day moving average crossing at 1.3793 would signal that a short-term top has been posted. First resistance is today's high crossing at 1.4012. Second resistance is February's high crossing at 1.4245. First support is the 20-day moving average crossing at 1.3793. Second support is the 38% retracement level of the September-February-rally crossing at 1.3672.

The June Swiss Franc posted an inside day with a lower close on Tuesday as it consolidates some of this month's rally but remains above the 50-day moving average crossing at 1.0903. The low-range close sets the stage for a steady to lower opening when Wednesday'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 April's low, the 50% retracement level of the January-April-decline crossing at 1.1014 is the next upside target. Closes below the 20-day moving average crossing at 1.0773 would signal that a short-term top has been posted. First resistance is the 50% retracement level of the January-April-decline crossing at 1.1014. Second resistance is the 62% retracement level of the January-April-decline crossing at 1.1117. First support is the 10-day moving average crossing at 1.0867. Second support is the 20-day moving average crossing at 1.0773.

The June Canadian Dollar closed lower on Tuesday and below the 50-day moving average crossing at 79.44 thereby opening the door for a possible test of the February 26th low crossing at 78.42. The low-range close sets the stage for a steady to lower opening when Wednesday's night session begins trading. Stochastics and the RSI have turned neutral to bearish signaling that sideways to lower prices are possible near-term. If June extends today's decline, the February 26th low crossing at 78.42 is the next downside target. If June renews the rally off the March 30th low, March's high crossing at 80.88 is the next upside target. First resistance is the 87% retracement level of the 2018-2020-decline crossing at 80.52. Second resistance is March's high crossing at 80.88. First support is today's low crossing at 79.22. Second support is the February 26th low crossing at 78.42.

The June Japanese Yen closed slightly higher on Tuesday as it extends the rally off March's low. 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 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, the 38% retracement level of the January-March-decline crossing at 0.0930 is the next upside target. Closes below the 20-day moving average crossing at 0.0915 would signal that a short-term top has been posted. First resistance is the 50-day moving average crossing at 0.092. Second resistance is the 38% retracement level of the January-March-decline crossing at 0.0930. First support is the 10-day moving average crossing at 0.918. Second support is the 20-day moving average crossing at 0.0915.