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CURRENCIES:

The March Dollar 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 March extends the decline off last-Friday's high, January's low crossing at 89.16 is the next downside target. Closes above the 50-day moving average crossing at 90.71 are needed to confirm that a short-term low has been posted. First resistance is the 50-day moving average crossing at 90.71. Second resistance is the November 30th high crossing at 91.96. First support is January's low crossing at 89.16. Second support is monthly support crossing at 88.15.

The March Euro closed higher on Tuesday. 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 turning neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at 122.16 would signal that a short-term low has been posted. Closes below last-Tuesday's low crossing at 120.68 would open the door for a possible test of December's low crossing at 119.63. First resistance is January's high crossing at 123.68. Second resistance is the 62% retracement level of the 2018-2020-decline crossing at 125.39. First support is last-Tuesday's low crossing at 120.68. Second support is December's low crossing at 119.63.

The March British Pound posted a key reversal up as it closed higher on Tuesday. 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 March extends the rally off May's low, the February-2019 crossing at 1.3728 is the next upside target. Closes below the 50-day moving average crossing at 1.3474 would confirm that a short-term top has been opened for additional weakness and a possible test of the December 21st low crossing at 1.3200. First resistance is last-Thursday's high crossing at 1.3750. Second resistance is the February-2019 high crossing at 1.3728. First support is the 50-day moving average crossing at 1.3474. Second support is the December 21st low crossing at 1.3200.

The March Swiss Franc closed higher on Tuesday. 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 turning neutral to bullish signaling that sideways to higher prices are possible near-term. If March renews the rally off September's low, the 75% retracement level of the 2018-2020-decline crossing at 1.1540 is the next upside target. Closes below the 50-day moving average crossing at 1.1231 would confirm that a short-term top has been posted. First resistance is January's high crossing at 1.1441. Second resistance is the 75% retracement level of the 2018-2020-decline crossing at 1.1540. First support is the 50-day moving average crossing at 1.1231. Second support is the November 30th low crossing at 1.1036.

The March Canadian Dollar closed higher on Tuesday. 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 neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 50-day moving average crossing at 77.95 would confirm that a short-term top has been posted. If March resumes the rally off October's low, the 87% retracement level of the 2018-2020-decline crossing at 80.50 is the next upside target. First resistance is last-Thursday's high crossing at 79.44. Second resistance is the 87% retracement level of the 2018-2020-decline crossing at 80.50. First support is the 50-day moving average crossing at 77.95. Second support is the November 13th low crossing at 75.96.

The March Japanese Yen closed higher on Tuesday. 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 turning neutral to bearish signaling that sideways to lower prices are possible near-term. If March resumes this month's decline, December's low crossing at 0.0956 is the next downside target. Multiple closes above last-Thursday's high crossing at 0.0968 would confirm that a short-term low has been posted while opening the door for additional short covering gains. First resistance is January's high crossing at 0.0975. Second resistance is the 87% retracement level of March's decline crossing at 0.0981. First support is January's low crossing at 0.0958. Second support is December's low crossing at 0.0956.