Tuesday Jul 23, 11:13PM EDT

Market Commentary and Analysis

Trader's Blog

Libra - Facebook's Cryptocurrency Implications

1 day ago

Weekly Futures Recap With Mike Seery

2 days ago

Precious Metals Big Picture

4 days ago

Former Canopy CEO Loves This Stock

5 days ago

Bitcoin Loses Its Luster

6 days ago

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

INO.com’s Daily Market Analysis

It’s free, informative, and will help you prepare and plan for the next trading day, while getting a jump on changing market conditions.

Privacy Policy

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

The September Dollar closed sharply higher on Tuesday as it renewed the rally off June'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 have turned neutral to bullish signaling that sideways to higher prices are possible near-term. If September extends the rally off June's low, May's high crossing at 97.72 is the next upside target. Closes below last-Thursday's low crossing at 96.32 would confirm that a short-term top has been posted. First resistance is today's high crossing at crossing at 97.45. Second resistance is May's high crossing at 97.72. First support is last-Thursday's low average crossing at 96.32. Second support is June's low crossing at 95.36.

The September Euro closed sharply lower on Tuesday. 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 oversold but remain neutral to bearish signaling that sideways to lower prices are possible. If September extends the decline off June's high, the January-2017 low crossing at 110.91 is the next downside target. Closes above the 20-day moving average crossing at 113.40 would confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at 113.26. Second resistance is June's high crossing at 114.86. First support is today's low crossing at 111.95. Second support is the January-2017 low crossing at 110.91.

The September British Pound closed lower on Tuesday. 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 turning neutral to bearish signaling that sideways to lower prices are possible near-term. If September extends the decline off June's high, monthly support crossing at 1.2001 is the next downside target. Closes above the 20-day moving average crossing at 1.2588 would confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at 1.2588. Second resistance is the 50-day moving average crossing at 1.2692. First support is last-Wednesday's low crossing at 1.2417. Second support is monthly support crossing at 1.2001.

The September Swiss Franc closed lower on Tuesday. 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 neutral to bullish signaling that sideways to higher prices are possible near-term. If September extends the rally off July's low, June's high crossing at 1.0392 is the next upside target. If September resumes the decline off June's high, June's low crossing at 1.0066 is the next downside target. First resistance is June's high crossing at 1.0392. Second resistance is January's high crossing at 1.0505. First support is the 50-day moving average crossing at 1.0153. Second support is June's low crossing at 1.0066.

The September Canadian Dollar closed lower on Tuesday. The mid-range close sets the stage for a steady to lower 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. If September extends this week's decline, the reaction low crossing at 75.72 is the next downside target. If September resumes the rally off June's low, weekly resistance crossing at 77.95 is the next upside target. First resistance is July's high crossing at 76.81. Second resistance is weekly resistance crossing at 77.95. First support is the reaction low crossing at 75.72. Second support is the 50-day moving average crossing at 75.51.

The September Japanese Yen closed lower on Tuesday. 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 neutral to bearish signaling that sideways to lower prices are possible near-term. If September renews the decline off June's high, the reaction low crossing at 0.0917 is the next downside target. If September extends the rally off July's low, July's high crossing at 0.0942 is the next upside target. First resistance is last-Friday's high crossing at 0.0937. Second resistance is July's high crossing at 0.0942. First support is July's low crossing at 0.0922. Second support is the reaction low crossing at 0.0917.