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CURRENCIES:

The September Dollar was lower overnight and remains poised to extend the decline off July's high. The low-range overnight trade sets the stage for a lower opening when the day 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 September extends the decline off July's high, the 50-day moving average crossing at $91.60 is the next downside target. Closes above the 20-day moving average crossing at $92.51 would signal that a short-term low has been posted. First resistance is the 20-day moving average crossing at $92.51. Second resistance is July's high crossing at $93.20. First support is the 50-day moving average crossing at $91.60. Second support is the June 23rd low crossing at 91.51.

The September Euro was higher overnight as it extends the rally off July's low. The high-range overnight trade sets the stage for a higher opening when the day session begins trading. Stochastics and the RSI are becoming overbought but remain bullish signaling that sideways to higher prices are possible near-term. If September extends the aforementioned rally, the 38% retracement level of the May-July-decline crossing at $119.67 is the next upside target. Closes below the 10-day moving average crossing at $118.34 would signal that a short-term top has been posted. First resistance is the 25% retracement level of the May-July-decline crossing at $118.97. Second resistance is the 38% retracement level of the May-July-decline crossing at $119.67. First support is the 10-day moving average crossing at $118.34. Second support is July's low crossing at $117.64.

The September British Pound 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 beings trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If September extends this month's rally, the June 16th high crossing at 1.4135 is the next upside target. Closes below the 20-day moving average crossing at 1.3816 would signal that a short-term top has been posted. First resistance is the 50-day moving average crossing at 1.3947. Second resistance is the June 16th high crossing at 1.4135. First support is the 20-day moving average crossing at 1.3816. Second support is the 25% retracement level of the 2020-2021-rally crossing at 1.3578.

The September Swiss Franc was higher overnight as it extends the rally off July's low. The high-range trade overnight sets the stage for a steady to higher opening when the day session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If September extends the rally off July's low, the 75% retracement level of the June-July-decline crossing at 1.1125 is the next upside target. Closes below the 20-day moving average crossing at 1.0932 would signal that a short-term top has been posted. First resistance is the 62% retracement level of the June-July-decline crossing at 1.1067. Second resistance is the 75% retracement level of the June-July-decline crossing at 1.1125. First support is the 50-day moving average crossing at 1.1003. Second support is the 20-day moving average crossing at 1.0932.

The September Canadian Dollar was steady to slightly higher overnight as it consolidates some of the rally off July's low. The high-range trade overnight sets the stage for a steady to higher opening when the day session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If September extends the aforementioned rally, the 50-day moving average crossing at 81.06 is the next upside target. Closes below the 10-day moving average crossing at 79.72 would temper the friendly outlook. If September resumes the decline off June's high, the 38% retracement level of the 2020-2021-rally crossing at $77.74 is the next downside target. First resistance is last-Friday's high crossing at $80.50. Second resistance is the 50-day moving average crossing at 81.06. First support is July's low crossing at $78.07. Second support is the 38% retracement level of the 2020-2021-rally crossing at $77.74.

The September Japanese Yen was higher overnight as it extends July's trading range. July's trading range appears of be forming a small head-and-shoulders top. Closes below the July 14th low crossing at 0.090375 would mark a downside breakout of the neckline of this formations. The high-range overnight trade sets the stage for a higher 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. If September renews the rally off July's low, the May 25th high crossing at 0.092170 is the next upside target. Closes below the July 14th low crossing at 0.090375 would mark a downside breakout of the neckline of this months head-and-shoulders top. First resistance is the 25% retracement level of the January-July-decline crossing at 0.091615. Second resistance is the May 25th high crossing at 0.092170. First support is the July 14th low crossing at 0.090375. Second support is July's low crossing at 0.089605.