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CURRENCIES:

The March Dollar was slightly lower overnight. The high-range overnight trade sets the stage for a steady to slightly 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 Monday's high crossing at $90.95 are needed to confirm that a short-term low has been posted. If March resumes the decline off November's high, monthly support crossing at $88.15 is the next downside target. First resistance is Monday's high crossing at $90.95. Second resistance is the 50-day moving average crossing at $91.97. First support is last-Thursday's low crossing at $89.64. Second support is monthly support crossing at $88.15.

The March Euro was steady to slightly higher overnight. The low-range overnight trade sets the stage for a steady to slightly 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 20-day moving average crossing at $121.66 would signal that a short-term top has been posted. If March extends the rally off November's low, the 62% retracement level of the 2018-2020-decline crossing at $125.38 is the next upside target. First resistance is last-Thursday's high crossing at $123.04. Second resistance is the 62% retracement level of the 2018-2020-decline crossing at $125.38. First support is the 20-day moving average crossing at $121.66. Second support is the December 9th low crossing at $120.90.

The March British Pound was higher overnight and is poised to resume the rally off May's low. 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 turning neutral to bullish signaling that sideways to higher prices are possible near-term. If March renews the rally off September's low, the February-2019 high crossing at 1.3728 is the next upside target. Closes below the 50-day moving average crossing at 1.3247 would signal that a short-term top has been posted while opening the door for additional weakness near-term. First resistance is last-Thursday's high crossing at 1.3643. Second resistance is the February-2019 high crossing at 1.3728. First support is the 50-day moving average crossing at 1.3247. Second support is November's low crossing at 1.2876.

The March Swiss Franc was steady to slightly lower overnight as it extends this week's trading range. 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 1.1264 would signal that a short-term top has been posted. If March renews the rally off November's low, the September-2018 high crossing at 1.1408 is the next upside target. First resistance is last-Thursday's high crossing at 1.1371. Second resistance is the September-2018 high crossing at 1.1408. First support is the 20-day moving average crossing at 1.1264. Second support is the 50-day moving average crossing at 1.1117.

The March Canadian Dollar was steady to slightly higher overnight as it consolidates some of its losses off last-Thursday's high. The high-range 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. If March extends this week's decline, the 50-day moving average crossing at $76.91 is the next downside target. Closes above the 10-day moving average crossing at $78.22 would temper the near-term bearish outlook. If March renews this year's rally, the October-2018 high crossing at $79.05 is the next upside target. First resistance is last-Tuesday's high crossing at $78.85. Second resistance is the October-2018 high crossing at $79.05. First support is the 50-day moving average crossing at $76.91. Second support is the November 13th low crossing at $75.96.

The March Japanese Yen was steady to lower overnight. The low-range overnight trade sets the stage for a steady to slightly 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 0.0964 would signal that a short-term top has been posted. If March extends the rally off November's low, the 87% retracement level of March's decline crossing at 0.0981 is the next upside target. First resistance is last-Thursday's high crossing at 0.0974. Second resistance is the 87% retracement level of the February-March rally crossing at 0.0981. First support is the 20-day moving average crossing at 0.0964. Second support is the 50-day moving average crossing at 0.0960.