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CURRENCIES:

The June Dollar was lower overnight as it extends the decline off March's high. The low-range overnight trade sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If June extends the decline off March's high, the 87% retracement level of the January-March-rally crossing at $89.71 is the next downside target. Closes above last-Wednesday's high crossing at $91.44 would confirm that a short-term low has been posted. First resistance is last-Wednesday's high crossing at $91.44. Second resistance is the 50-day moving average crossing at $91.69. First support is the 75% retracement level of the January-March-rally crossing at $90.23. Second support is the 87% retracement level of the January-March-rally crossing at $89.71.

The June Euro was steady to slightly lower in late-overnight trading as it consolidated some of the rally off last-Wednesday's low. The mid-range overnight trade sets the stage for a steady to slightly lower opening when the day session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If June extends the rally off March's low, the 75% retracement level of the January-March-decline crossing at $122.27 is the next upside target. Closes below the 50-day moving average crossing at $119.72 would signal that a short-term top has been posted. First resistance is the 75% retracement level of the January-March-decline crossing at $122.27. Second resistance is the 87% retracement level of the January-March-decline crossing at $123.08. First support is the 50-day moving average crossing at $119.72. Second support is the April 4th low crossing at $118.76.

The June British Pound was sharply higher overnight and appears to breaking out to the topside of the March-May trading range. The high-range overnight trade sets the stage for a steady to higher opening when the day session beings trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above March's high crossing at 1.4020 or below April's low crossing at 1.3672 would mark a breakout of the aforementioned trading range and open the door for a trending moving in the direction of that breakout. First resistance is March's high crossing at 1.4020. Second resistance is February's high crossing at 1.4245. First support is April's low crossing at 1.3672. Second support is the 50% retracement level of the September-February rally crossing at 1.3490.

The June Swiss Franc was steady to slightly higher overnight as it extends the rally off April's low. The high-range overnight trade sets the stage for a steady to higher opening when the day 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 75% retracement level of the January-April-decline crossing at 1.1233 is the next upside target. Closes below the 20-day moving average crossing at 1.0960 would signal that a short-term top has been posted. First resistance is the 62% retracement level of the January-April-decline crossing at 1.1117. Second resistance is the 75% retracement level of the January-April-decline crossing at 1.1233. First support is the 20-day moving average crossing at 1.0960. Second support is the 50-day moving average crossing at 1.0851.

The June Canadian Dollar was higher overnight as it posted a new contract high of $82.33. The mid-range trade sets the stage for a steady to higher opening when the day 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 September-2017 high on the monthly continuation chart crossing at $82.91 is the next upside target. Closes below the 20-day moving average crossing at $80.76 would signal that a short-term top has been posted. First resistance is the overnight high crossing at $82.69. Second resistance is the September-2017 high on the monthly continuation chart crossing at $82.91. First support is the 10-day moving average crossing at $81.59. Second support is the 20-day moving average crossing at $80.76.

The June Japanese Yen was lower overnight and is working on a possible inside day as it consolidates some of last-Friday's rally. The mid-range overnight trade sets the stage for a steady to higher opening when the day session begins trading. Stochastics and the RSI have turned neutral to bullish signaling that sideways to higher prices are possible near-term. Multiple closes above the 50-day moving average crossing at 0.091921 would signal that a short-term low has been posted. If June renews the decline off April's high, the April-9th low crossing at 0.090990 is the next downside target. First resistance is the 38% retracement level of the January-March-decline crossing at 0.092994. Second resistance is the 50% retracement level of the January-March-decline crossing at 0.093874. First support is the April-9th low crossing at 0.090990. Second support is March's low crossing at 0.090180.