S&P 500
2053.80
+1.98 +0.10%
Dow Indu
17656.16
-16.44 -0.09%
Nasdaq
4763.96
+6.08 +0.13%
Crude Oil
45.18
-0.41 -0.91%
Gold
1279.740
-13.980 -1.08%
Euro
1.12740
+0.01119 +1.00%
US Dollar
94.810
-0.351 -0.45%
Weak

Market Commentary

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

The March Dollar was higher overnight as it extends this winter's rally. Stochastics and the RSI are overbought, diverging but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If March extends this winter's rally, monthly resistance crossing at 96.16 is the next upside target. Closes below the 20-day moving average crossing at 92.35 are needed to confirm that a short-term top has been posted. First resistance is the overnight high crossing at 95.85. Second resistance is monthly resistance crossing at 96.16. First support is the 10-day moving average crossing at 93.37. Second support is the 20-day moving average crossing at 92.35.

The March Euro was slightly lower overnight as it extends this winter's decline. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If March extends this winter's decline, monthly support crossing at 107.59 is the next downside target. Closes above the 20-day moving average crossing at 117.81 are needed to confirm that a low has been posted. First resistance is the 10-day moving average crossing at 115.63. Second resistance is the 20-day moving average crossing at 117.81. First support is the overnight low crossing at 111.02. Second support is monthly support crossing at 107.59.

The March British Pound was slightly lower overnight. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If March extends this winter's decline, the July 2013-low on the monthly continuation chart crossing at 1.4806 is the next downside target. Closes above the 20-day moving average crossing at 1.5221 are needed to confirm that a low has been posted. First resistance is the 20-day moving average crossing at 1.5221. Second resistance is the reaction high crossing at 1.5612. First support is last Friday's low crossing at 1.4946. Second support is the July-2013 low on the monthly continuation chart crossing at 1.4806.

The March Swiss Franc was lower overnight as it continues to setback from this month's high. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at 1.0496 would confirm that a top has been posted. If March extends this month's rally, monthly resistance crossing at 1.2503 is the next upside target. First resistance is the reaction high crossing at 1.2282. Second resistance is monthly resistance crossing at 1.2503. First support is the 10-day moving average crossing at 1.1000. Second support is the 20-day moving average crossing at 1.0496.

The March Canadian Dollar was lower overnight as it extends this winter's decline. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If March extends this winter's decline, monthly support crossing at 78.71 is the next downside target. Closes above the 20-day moving average crossing at 83.66 are needed to confirm that a low has been posted. First resistance is the 10-day moving average crossing at 82.22. Second resistance is the 20-day moving average crossing at 83.66. First support is the overnight low crossing at 80.09. Second support is monthly support crossing at 78.71.

The March Japanese Yen was lower overnight. 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 .8428 would confirm that a short-term top has been posted while opening the door for additional weakness near-term. If March resumes this month's rally, December's high crossing at .8663 is the next upside target. First resistance is the reaction high crossing at .8637. Second resistance is December's high crossing at .8663. First support is the 20-day moving average crossing at .8428. Second support is the reaction low crossing at .8282. Third support is December's low crossing at .8219.

INO.com on Facebook INO.com MarketClub on Twitter INO.com on Google+ INO.com YouTube

© Copyright INO.com, Inc. All Rights Reserved.