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CURRENCIES:

The March Dollar closed sharply higher on Friday. The high-range close sets the stage for a steady to higher opening when Monday'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 March extends today's rally, February's high crossing at 91.61 is the next upside target. If March renews the decline off February's high, January's low crossing 89.16 is the next downside target. First resistance is the February 17th high crossing at 91.05. Second resistance is February's high crossing at 91.60. First support is Thursday's low crossing 89.67. Second support is January's low crossing at 89.16.

The March Euro closed sharply lower on Friday and below the 20-day moving average crossing at 121.01 signaling that a short-term top has been posted. The low-range close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI have turned neutral to bearish signaling that sideways to lower prices are possible near-term. If March extends today's decline, the February 17th low crossing at 120.29 is the next downside target. If March resumes the rally off February's low, the 75% retracement level of the January-February-decline crossing at 122.69 is the next upside target. First resistance is the 75% retracement level of the January-February-decline crossing at 122.69. Second resistance is the 87% retracement level of the January-February-decline crossing at 123.18. First support is the February 17th low crossing at 120.29. Second support is February's low crossing at 119.60.

The March British Pound closed lower for the second day in a row on Friday as it consolidates some of the rally off September's low. The low-range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI have turned neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at 1.3860 would signal that a short-term top has been posted while opening the door for additional weakness. If March resumes the rally off May's low, the 87% retracement level of the 2016-2020-decline crossing at 1.4577 is the next upside target. First resistance is Wednesday's high crossing at 1.4245. Second resistance is the 87% retracement level of the 2016-2020-decline crossing at 1.4577. First support is the 20-day moving average crossing at 1.3860. Second support is the 50-day moving average crossing at 1.3700.

The March Swiss Franc closed lower on Friday as it extends the decline off January's high. The low-range close sets the stage for a steady to lower opening when Monday's night 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 March extends the decline off Tuesday's high, the November 23rd low crossing at 1.0972 is the next downside target. Closes above the 20-day moving average crossing at 1.1145 would signal that a short-term low has been posted. First resistance is the 20-day moving average crossing at 1.1145. Second resistance is the 50-day moving average crossing at 1.1241. First support is today's low crossing at 1.0990. Second support is the November 23rd low crossing at 1.0972.

The March Canadian Dollar closed sharply lower on Friday confirming yesterday's key reversal down. The low-range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI have turned neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 50-day moving average crossing at 78.58 would confirm that a short-term top has been posted while opening the door for additional weakness near-term. If March resumes the rally off January's low, the 87% retracement level of the 2018-2020-decline crossing at 80.51 is the next upside target. First resistance is Thursday's high crossing at 80.21. Second resistance is the 87% retracement level of the 2018-2020-decline crossing at 80.51. First support is the 50-day moving average crossing at 78.58. Second support is January's low crossing at77.63.

The March Japanese Yen closed lower on Friday as it extended the decline off January's high. The low-range close sets the stage for a steady to lower opening when Monday'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 January's high, the 62% retracement level of the 2020-2021-rally crossing at 0.0934 is the next downside target. Multiple closes above the 20-day moving average crossing at 0.0949 would signal that a short-term low has been posted. First resistance is the 20-day moving average crossing at 0.0949. Second resistance is the February 10th high crossing at 0.0958. First support is today's low crossing at 0.0937. Second support is the 62% retracement level of the 2020-2021-rally crossing at 0.0934.