Trader's Blog

Chesapeake Energy All in on Natural Gas

7 hours ago

2 REITs to Buy and Hold

1 day ago

Single Stock ETFs Are Here

2 days ago

Which Is The Better Restaurant Stock?

4 days ago

Has the Fed Already Whipped Inflation?

4 days ago

View more blog entries »

Currencies | Energy | Food | Grains | Indexes | Interest | Livestock | Metals

CURRENCIES: https://quotes.ino.com/exchanges/?c=currencies

The September Dollar closed slightly higher on Friday as it consolidated some of the decline off July's high. The high-range close sets the stage for a steady to higher opening when Monday's nights session begins trading. Stochastics and the RSI are neutral to bearish signaling sideways to lower prices are possible near-term. If September extends the decline off July's high, the 38% retracement level of the 2021-2022 rally crossing at $102.753 is the next downside target. Closes above the 20-day moving average crossing at 106.197 would signal that a short-term low has been posted. First resistance is the July 27th high crossing at $107.300. Second resistance is July's high crossing at $109.140. First support is Thursday's slow crossing at $104.515. Second support is the 38% retracement level of the 2021-2022 rally crossing at $102.753.

The September Euro closed lower on Friday as it consolidated some of the rally off July's low. 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 neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 50-day moving average crossing at $1.03877 would open the door for additional gains near-term. Closes below the 20-day moving average crossing at $1.02436 would signal that a short-term top has been posted. If September renews the decline, the December-2002 low on the monthly continuation chart crossing at $0.98540 is the next downside target. First resistance is the 50-day moving average crossing at $1.03877. Second resistance is the June 27th high crossing at 1.06785. First support is the July 27th low crossing at $1.01345. Second support is the July 14th low crossing at $1.00000.

The September 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 have turned neutral to bullish signaling sideways to higher prices are possible near-term. If September renews the rally off July's low, the 25% retracement level of the 2021-2022 decline crossing at 1.2385 is the next upside target. Closes below last-Friday's low crossing at 1.2012 would temper the near-term friendly outlook. First resistance is the 25% retracement level of the 2021-2022 decline crossing at 1.2385. Second resistance is the May high crossing at 1.2677. First support is last-Friday's low crossing at 1.2012. Second support is July's low crossing at 1.1778.

The September Swiss Franc closed slightly higher on Friday as it extends the rally off June'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 diverging but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If September extends the rally off July's low, the 50% retracement level of the 2021-2022 decline crossing at 1.08120 is the next upside target. Closes below the 20-day moving average crossing at 1.04740 would signal that a short-term top has been posted. First resistance is Thursday's high crossing at 1.07010. Second resistance is the 50% retracement level of the 2021-2022 decline crossing at 1.08120. First support is the 20-day moving average crossing at 1.04740. Second support is the 50-day moving average crossing at 1.03981.

The September Canadian Dollar closed slightly lower on Friday as it consolidated some of the rally off July's low. 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 overbought, diverging but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If September extends the rally off July's low, the 62% retracement level of the April-July decline crossing at 78.67 is the next upside target. Closes below last-Friday's low crossing at 76.99 would confirm that a short-term top has been posted. First resistance is Thursday's high crossing at 78.55. Second resistance is the 62% retracement level of the April-July decline crossing at 78.67. First support is the August 5th low crossing at 76.99. Second support is the July 5th low crossing at 76.43.

The September Japanese Yen closed slightly 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 turning neutral to bullish signaling that sideways to higher prices are possible near-term. If September renews the rally off July's low, the 38% retracement level of this year's decline crossing at 0.078281 is the next upside target. Closes below the 20-day moving average crossing at 0.074297 is the next downside target. First resistance is last-Tuesday's high crossing at 0.076960. Second resistance is the 38% retracement level of the crossing at 0.078281. First support is the 20-day moving average crossing at 0.074297. Second support is July's low crossing at 0.072085.