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The June Dollar was higher overnight as it consolidates some of the decline off March's high. Stochastics and the RSI are turning neutral to bullish hinting that a short-term low might be in or is near. Closes above the 20-day moving average crossing at 96.06 would confirm that a short-term low has been posted. If June extends this month's decline, the late-January low crossing at 94.38 is the next downside target. First resistance is March's high crossing at 97.16. Second resistance is weekly resistance crossing at 97.83. First support is Wednesday's low crossing at 95.17. Second support is the late-January low crossing at 94.38.

The June Euro was lower overnight as it consolidates some of the rally off March's low. The low-range trade overnight sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at 114.20 would confirm that a short-term top has been posted. If June extends the rally off March's low, the late-January high crossing at 116.46 is the next upside target. First resistance is Wednesday's high crossing at 115.35. Second resistance is the late-January high crossing at 116.46. First support is the 87% retracement level of the 2016-2018-rally crossing at 112.62. Second support is the April-10th-2017 low crossing at 111.05.

The June British Pound was higher overnight as it consolidated some of the decline off March's high. 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 bearish signaling that sideways to lower prices are possible near-term. Closes below the 50-day moving average crossing at 1.3139 would confirm that a short-term top has been posted. If June renews the rally off January's low, the 50% retracement level of the 2018 decline crossing at 1.3603. First resistance is last-Wednesday's high crossing at 1.3441. Second resistance is the 50% retracement level of the 2018 decline crossing at 1.3603. First support is the 50-day moving average crossing at 1.3139. Second support is February's low crossing at 1.2854.

The June Swiss Franc was lower overnight as it consolidates some of the rally off March's low. 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 September-January downtrend line crossing near 1.0247 is the next upside target. Closes below the 20-day moving average crossing at 1.0075 would confirm that a short-term top has been posted. First resistance is Wednesday's high crossing at 1.0191. Second resistance is the September-January downtrend line crossing near 1.0247. First support is the 20-day moving average crossing at 1.0075. Second support is March's low crossing at 0.9970.

The June Canadian Dollar was lower overnight as it consolidates some of the rally off March's low. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 50-day moving average crossing at 75.60 are needed to confirm that a short-term low has been posted. If June renews the decline off February's high, December's low crossing at 73.47 is the next likely downside target. First resistance is the 50-day moving average crossing at 75.60. Second resistance is the late-February high crossing at 76.46. First support is March's low crossing at 74.43. Second support is December's low crossing at 73.47.

The June Japanese Yen was higher overnight as it extends Wednesday's rally. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the reaction high crossing at 0.0911 are needed to confirm that a short-term low has been posted. If June resumes the decline off January's high, last-November's low crossing at 0.0893 is the next downside target. First resistance is the reaction high crossing at 0.0911. Second resistance is the reaction high crossing at 0.0922. First support is the 87% retracement level of the November-January rally crossing at 0.0900. Second support is last-November's low crossing at 0.0893.

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