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CURRENCIES:

The December Dollar was higher overnight. 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 neutral to bullish signaling that sideways to higher prices are possible near-term. Multiple closes above the 20-day moving average crossing at $93.36 would temper the near-term bearish outlook. If December renews the decline off September's high, September's low crossing at $91.75 is the next downside target. First resistance is the October 15th high crossing at $93.93. Second resistance is the 25% retracement level of the March-September-decline crossing at $94.72. First support is last-Wednesday's low crossing at $92.46. Second support is September's low crossing at $91.75.

The December Euro was lower in overnight trading. 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. Closes below the October 15th low crossing at $117.02 would confirm that a short-term top has been posted while opening the door for a possible test of September's low crossing at $116.31. Closes above last-Wednesday's high crossing at $118.95 are needed to renew the rally off September's low. First resistance is last-Wednesday's high crossing at $118.95. Second resistance is the September 10th high crossing at $119.42. First support is the October 15th low crossing at $117.02. Second support is September's low crossing at $116.31.

The December British Pound was lower in overnight trading. The low-range overnight trade sets the stage for a steady to lower opening when the day session beings trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at 1.2990 would signal that a short-term top has been posted. If December renews the rally off September's low, the August 19th high crossing at 1.3270 is the next upside target. First resistance is last-Wednesday's high crossing at 1.3182. Second resistance is the August 19th high crossing at 1.3270. First support is the October 16th low crossing at 1.2856. Second support is the 38% retracement level of the March-August-rally crossing at 1.2736.

The December Swiss Franc was lower overnight as it consolidates some of the rally off September's low. 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. Closes below the 20-day moving average crossing at 1.0984 would confirm that a short-term top has been posted. If December resumes the rally off September's low, August's high crossing at 1.1138 is the next upside target. First resistance is last-Wednesday's high crossing at 1.1090. Second resistance is August's high crossing at 1.1138. First support is the 20-day moving average crossing at 1.0984. Second support is the 38% retracement level of the March-August-rally crossing at 1.0789.

The December Canadian Dollar was lower overnight as it extends the decline off last-Wednesday's high. The low-range 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 December extends the aforementioned decline, September's low crossing at $74.53 is the next downside target. If December resumes the rally off September's low, September's high crossing at $76.97 is the next upside target. First resistance is last-Wednesday's high crossing at $76.46. Second resistance is September's high crossing at $76.97. First support is the overnight low crossing at $74.96. Second support is September's low crossing at $74.53.

The December Japanese Yen was higher overnight as it extends the rally off October'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 December extends the rally off October's low, September's high crossing at 0.0963 is the next upside target. Closes below Monday's low crossing at 0.0952 would confirm that a short-term top has been posted. First resistance is the overnight high crossing at 0.0962. Second resistance is September's high crossing at 0.0963. First support is the October 20th low crossing at 0.0946. Second support is October's low crossing at 0.0943.