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CURRENCIES:

The December Dollar closed slightly higher on Tuesday. The mid-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 last-Tuesday's low crossing at $95.54 are needed to confirm that a short-term top has been posted while opening the door for a possible test of the 50-day moving average crossing at $94.80. If December resumes the rally off September's low, the June-2020 high on the weekly continuation chart crossing at $97.81 is the next upside target. First resistance is November's high crossing at $96.94. Second resistance is the June-2020 high on the weekly continuation chart crossing at $97.81. First support is last-Tuesday's low crossing at $95.54. Second support is the 50-day moving average crossing at $94.80.

The December Euro closed lower on Tuesday. The mid-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 bullish signaling that sideways to higher prices are possible near-term. Closes above last-Tuesday's high crossing at 113.86 would confirm that a low has been posted. If December resumes this year's decline, the 87% retracement level of the 2020-2021-rally crossing at 110.60 is the next downside target. First resistance is last-Tuesday's high crossing at 113.86. Second resistance is the 50-day moving average crossing at 115.02. First support is November's low crossing at 111.90. Second support is the 87% retracement level of the 2020-2021-rally crossing at 110.60.

The December British Pound 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 have turned neutral to bearish signaling that sideways to lower prices are still possible. If December extends this year's decline, the 50% retracement level of the 2020-2021 rally crossing at 1.2906 is the next downside target. Closes above the 20-day moving average crossing at 1.3367 would signal that a short-term low has been posted. First resistance is the 20-day moving average crossing at 1.3367. Second resistance is the 50-day moving average crossing at 1.3537. First support is the 38% retracement level of the 2020-2021 rally crossing at 1.3223. Second support is the 50% retracement level of the 2020-2021 rally crossing at 1.2906.

The December Swiss Franc closed higher on Tuesday. Today's close below the 10-day moving average crossing at 1.0822 signals that a short-term top has been posted. The mid-range close sets the stage for a steady to higher opening when Wednesday'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 December extends Monday's decline, November's low crossing at 1.0673 is the next downside target. If December resumes the rally off November's low, November's high crossing at 1.1017 is the next upside target. First resistance is last-Friday's high crossing at 1.0929. Second resistance is November's high crossing at 1.1017. First support is today's low crossing at 1.0783. Second support is November's low crossing at 1.0673.

The December Canadian Dollar closed sharply higher on Tuesday as it consolidates some of the decline off October's high. The high-range close sets the stage for a steady to higher opening when Wednesday's night session begins trading. Stochastics and the RSI have turned neutral to bullish signaling that sideways to higher prices are possible near-term. Today's close above the 20-day moving average crossing at 78.97 signals that a short-term top has been posted. If December extends today's rally, the 50-day moving average crossing at 79.75 is the next upside target. If December renews the decline off October's high, the September 29th low crossing at 78.27 is the next downside target. First resistance is the 50-day moving average crossing at 79.75. Second resistance is the November 16th high crossing at 80.05. First support is last-Friday's low crossing at 77.79. Second support is September's low crossing at 77.53.

The December Japanese Yen closed lower on Tuesday. The mid-range close sets the stage for a steady to lower opening when Wednesday's night 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. Multiple closes below the 20-day moving average crossing at 0.087853 would confirm that a top has been posted. If December renews the rally off November's low, the 50% retracement level of the August-November decline crossing at 0.089293 is the next upside target. First resistance is last-Tuesday's high crossing at 0.088870. Second resistance is the 50% retracement level of the August-November decline crossing at 0.089293. First support is the 20-day moving average crossing at 0.087853. Second support is November's low crossing at 0.086565.