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CURRENCIES:

The June Dollar was slightly lower overnight. 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 bullish signaling that sideways to higher prices are possible near-term. Closes above the 50-day moving average crossing at $90.70 would open the door for additional gains near-term. If June resumes the decline off March's high, January's low crossing at $89.16 is the next downside target. First resistance is the 50-day moving average crossing at $90.70. Second resistance is the May 5th high crossing at $91.44. First support is May's low crossing at $89.52. Second support is the January low crossing at $89.16.

The June Euro was higher overnight as it consolidates some of Monday's decline. 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 bearish signaling that sideways to lower prices are possible near-term. Closes below the 50-day moving average crossing at $120.96 would open the door for additional weakness near-term. Closes above May's high crossing at $122.71 are needed to renew the rally off March's low. First resistance is May's high crossing at $122.71. Second resistance is the 87% retracement level of the January-March-decline crossing at $121.43. First support is the 50-day moving average crossing at $120.96. Second support is the May 13th low crossing at $120.58.

The June British Pound was higher overnight as it extends the trading range of the past six-weeks. 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 reaction low crossing at 1.4079 would signal that a short-term top has been posted while opening the door for additional weakness near-term. If June renews this year's rally, the 87% retracement level of the 2018-2020-decline crossing at 1.4602 is the next upside target. First resistance is the June 1st high crossing at 1.4256. Second resistance is the 87% retracement level of the 2018-2020-decline crossing at 1.4602. First support is the reaction low crossing at 1.4079. Second support is the 50-day moving average crossing at 1.4002.

The June Swiss Franc was steady to slightly lower overnight. 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 June 4th low crossing at 1.1047 would signal that a short-term top has been posted while opening the door for additional weakness near-term. If June renews the rally off April's low, the 75% retracement level of the January-April-decline crossing at 1.1233 is the next upside target. First resistance is last-Wednesday's high crossing at 1.1205. Second resistance is the 75% retracement level of the January-April-decline crossing at 1.1233. First support is the June 4th low crossing at 1.1047. Second support is the 50-day moving average crossing at 1.1018.

The June Canadian Dollar was lower overnight as it extends the decline off June'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 becoming oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If June extends the aforementioned decline, the 50-day moving average crossing at $81.60 is the next downside target. Closes above the 20-day moving average crossing at $82.70 would temper the near-term bearish outlook. First resistance is June's high crossing at $83.28. Second resistance is the May-2015 high on the monthly continuation chart crossing at $83.86. First support is the overnight low crossing at $82.08. Second support is the 50-day moving average crossing at $81.60.

The June Japanese Yen was lower overnight. 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. If June extends the decline off April's high, March's low crossing at 0.090180 is the next downside target. Closes above the 50-day moving average crossing at 0.091667 would signal that a short-term low has been posted. First resistance is the 38% retracement level of the January-March-decline crossing at 0.092994. Second resistance is the 50% retracement level of the January-March-decline crossing at 0.093874. First support is the June 3rd low crossing at 0.090740. Second support is March's low crossing at 0.090180.