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The December Dollar closed slightly lower on Friday as it consolidates some of the rally off July's low. The high-range close sets the stage for a steady to slightly higher opening when Monday's session begins trading. Stochastics and the RSI are overbought but are turning neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at 104.978 would signal that a short-term top has been posted. If December extends the rally off July's low, the 62% retracement level of the 2022-2023 decline on the weekly continuation chart crossing at 106.979 is the next upside target. First resistance is Wednesday's high crossing at 106.540. Second resistance is the 62% retracement level of the 2022-2023 decline on the weekly continuation chart crossing at 106.979. First support is the 20-day moving average crossing at 104.978. Second support is the 50-day moving average crossing at 103.388.

The December Euro closed slightly higher on Friday as it consolidated some of the decline off July's high. The low-range close sets the stage for a steady to slightly higher opening when Monday's day 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 1.07072 would signal that a short-term low has been posted. If December extends the decline off July's high, the 62% retracement level of the 2022-2023 crossing at 1.04303 is the next downside target. First resistance is the 20-day moving average crossing at 1.07072. Second resistance is the September 12th high crossing at 1.08190. First support is Wednesday's low crossing at 1.05255. Second support is the 62% retracement level of the 2022-2023 crossing at 1.04303.

The December British Pound closed slightly higher on Friday as it consolidated some of the decline off July's high. The low-range close sets the stage for a steady to higher opening when Monday's day session begins trading. Stochastics and the RSI are oversold but remain bearish signaling sideways to lower prices are possible near-term. If December extends the decline off July's high, the 50% retracement level of the 2022-2023 rally crossing at 1.1860 is the next downside target. Closes above the 20-day moving average crossing at 1.2373 would signal that a short-term low has been posted. First resistance is the 10-day moving average crossing at 1.2259. Second resistance is the 20-day moving average crossing at 1.2373. First support is the 38% retracement level of the 2022-2023 rally crossing at 1.2158. Second support is the 50% retracement level of the 2022-2023 rally crossing at 1.1860.

The December Swiss Franc closed slightly higher on Friday as it consolidates some of the decline off July's high. The low-range close sets the stage for a steady to lower opening when Monday's day session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends the decline off July's high, the 75% retracement level of the 2022-2023 rally crossing at 1.07352 is the next downside target. Closes above the 20-day moving average crossing at 1.12166 would signal that a short-term low has been posted. First resistance is the 10-day moving average crossing at 1.11077. Second resistance is the 20-day moving average crossing at 1.12166. First support is the 62% retracement level of the 2022-2023 rally crossing at 1.09334. Second support is the 75% retracement level of the 2022-2023 rally crossing at 1.07352.

The December Canadian Dollar posted a huge key reversal down and closed sharply lower on Friday. The low-range close sets the stage for a steady to lower opening when Monday's day session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Today's close below the 20-day moving average crossing at 73.94 signals that a short-term top has been posted. If December extends today's decline, September's low crossing at 73.13 is the next downside target. Closes above the September 19th high crossing at 74.55 would renew the rally off September's low while opening the door for a possible test of the 62% retracement level of the July-September decline crossing at 75.21. First resistance is the September 19th high crossing at 74.85. Second resistance is the 62% retracement level of the July-September decline crossing at 75.21. First support is today's low crossing at 73.73. Second support is September's low crossing at 73.13.

The December Japanese Yen closed lower on Friday. The low-range close sets the stage for a steady to lower opening when Monday's day session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends the decline off the July 14th high, the October-2022 low on the weekly continuation chart crossing at 0.066235 is the next downside target. Closes above the 20-day moving average crossing at 0.068598 would signal that a short-term low has been posted. First resistance is the 20-day moving average crossing at 0.068598. Second resistance is the September 11th high crossing at 0.069625. First support is Wednesday's low crossing at 0.067925. Second support is the October-2022 low on the weekly continuation chart crossing at 0.066235.

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