Sunday May 26, 8:02PM EDT

Market Commentary and Analysis

Trader's Blog

Weekly Futures Recap With Mike Seery

12 hours ago

AMC/Avengers: Endgame Propelling Box Office Numbers

1 day ago

DOW On Track For 5th Straight Losing Week

2 days ago

Iran Sanctions And OPEC's Deliberations Have Failed To Lift Oil Prices

3 days ago

Semiconductor Sector Drags Market Lower

4 days ago

Currencies | Energy | Food | Grains | Indexes | Interest | Livestock | Metals

INO.com’s Daily Market Analysis

It’s free, informative, and will help you prepare and plan for the next trading day, while getting a jump on changing market conditions.

Privacy Policy

CURRENCIES https://quotes.ino.com/exchanges/category.html?c=currencies

The June Dollar closed lower on Friday following confirming yesterday's key reversal down. The low-range close sets the stage for a steady to lower opening when Tuesday's night session begins trading. Stochastics and the RSI have turned neutral to bearish signaling that sideways to lower prices are possible near-term. Multiple closes below the 20-day moving average crossing at 97.48 would confirm that a short-term top has been posted. If June renews this month's rally, weekly resistance crossing at 99.90 is the next upside target. First resistance is Thursday's high crossing at 98.26. Second resistance is weekly resistance crossing at 99.90. First support is the 20-day moving average crossing at 97.48. Second support is the 50-day moving average crossing at 96.99.

The June Euro closed higher on Friday following yesterday's key reversal up and closes above the 50-day moving average crossing at 112.87 confirming that a short-term low. The high-range close sets the stage for a steady to higher opening when Friday's night session begins trading. Stochastics and the RSI have turned neutral to bullish signaling that sideways to higher prices are possible near-term. If June resumes the decline off March's high, the January 2017 low crossing at 110.16 is the next downside target. First resistance is the 50-day moving average crossing at 112.87. Second resistance is March's high crossing at 115.33. First support is Thursday's low crossing at 111.26. Second support is the January 2017 low crossing at 110.16.

The June British Pound closed higher on Friday as it consolidates some of this month's decline. The high-range close sets the stage for a steady to higher opening when Tuesday's night 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 June extends the decline off May's high, January's low crossing at 1.2591 is the next downside target. Close above the 20-day moving average crossing at 1.2928 would confirm that a short-term low has been posted. First resistance is the 10-day moving average crossing at 1.2787. Second resistance is the 20-day moving average crossing at 1.2928. First support is Thursday's low crossing at 1.2618. Second support is January's low crossing at 1.2591.

The June Swiss Franc closed higher on Friday and above the 50-day moving average crossing at 0.9985. The high-range close sets the stage for a steady to higher opening when Tuesday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If June extends the rally off April's low, the 2017-2019 downtrend line crossing near 1.0093 is the next upside target. Closes below the 20-day moving average crossing at 0.9907 would confirm that a short-term top has been posted. First resistance is today's high crossing at 1.0013. Second resistance is the the 2017-2019 downtrend line crossing near 1.0093. First support is the 20-day moving average crossing at 0.9907. Second support is April's low crossing at 0.9814.

The June Canadian Dollar closed higher on Friday while extending the trading range of the past five-weeks. The high-range close sets the stage for a steady to higher opening when Tuesday's night session begins trading. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. If June resumes the decline off February's high, December's low crossing at 74.48 is the next downside target. Closes above the 50-day moving average crossing at 74.71 are needed to confirm that a short-term low has been posted. First resistance is the 50-day moving average crossing at 74.71. Second resistance is the reaction high crossing at 76.46. First support is April's low crossing at 74.04. Second support is December's low crossing at 73.47.

The June Japanese Yen closed higher on Friday. The high-range close sets the stage for a steady to higher opening when Tuesday's night session begins trading. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. If June resumes the rally off April's low, the 50% retracement level of the November-January-rally crossing at 0.0921 is the next upside target. Closes below the 50-day moving average crossing at 0.0905 would confirm that a short-term top has been posted. First resistance is May's high crossing at 0.0920. Second resistance is the 50% retracement level of the November-January-rally crossing at 0.0921. First support is the 50-day moving average crossing at 0.0905. Second support is the reaction low crossing at 0.0898.