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CURRENCIES

The March Dollar closed higher on Friday while extending the trading range of the past four-weeks. The high-range close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If March renews the rally off October's low, weekly resistance crossing at 96.16 is the next upside target. Closes below the reaction low crossing at 93.38 are needed to confirm that a short-term top has been posted and would open the door for additional weakness near-term. First resistance is January's high crossing at 95.85. Second resistance is weekly resistance crossing at 96.16. First support is the reaction low crossing at 93.38. Second support is the reaction low crossing at 91.49.

The March Euro closed lower on Friday as it extends this week's decline. The low-range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If March renews this winter's decline, monthly support crossing at 107.59 is the next downside target. Closes above the reaction high crossing at 115.39 are needed to confirm that a short-term low has been posted. First resistance is the reaction high crossing at 115.39. Second resistance is the reaction high crossing at 118.78. First support is January's low crossing at 111.02. Second support is weekly support crossing at 107.59.

The March British Pound closed higher on Friday. The high-range close sets the stage for a steady to higher opening when Monday's night session begins trading. 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 1.5320 would confirm that a short-term top has been posted. If March extends the rally off January's low, the 38% retracement level of the June-January-decline crossing at 1.5775 is the next upside target. First resistance is Thursday's high crossing at 1.5552. Second resistance is the 38% retracement level of the June-January-decline crossing at 1.5775. First support is the 20-day moving average crossing at 1.5320. Second support is February's low crossing at 1.4983.

The March Swiss Franc closed slightly higher on Friday. The low-range close sets the stage for a steady to lower opening when Monday'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 March extends the decline off January's high, the 75% retracement level of January's rally crossing at 1.0399 is the next downside target. Closes above the 20-day moving average crossing at 1.0706 would confirm that a low has been posted. First resistance is the 10-day moving average crossing at 1.0579. Second resistance is the 20-day moving average crossing at 1.0706. First support is today's low crossing at 1.0477. Second support is the 75% retracement level of January's rally crossing at 1.0399.

The March Canadian Dollar closed higher on Friday while extending this month's trading range. The low-range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If March renews this month's rally, the 25% retracement level of the 2013-2015-decline crossing at 82.65 is the next upside target. If March resumes this winter's decline, monthly support crossing at 76.53 is the next downside target. First resistance is last Tuesday's high crossing at 80.87. Second resistance is the 25% retracement level of the 2013-2015-decline crossing at 82.65. First support is January's low crossing at 78.08. Second support is monthly support crossing at 76.53.

The March Japanese Yen closed lower on Friday as it extends a three-month old trading range. The low-range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower pirces are possible near-term. If March renews the decline off January's high, the reaction low crossing at .8282 is the next downside target. Closes above the 20-day moving average crossing at .8427 would temper the near-term bearish outlook. First resistance is the 20-day moving average crossing at .8427. Second resistance is December's high crossing at .8663. First support is the reaction low crossing at .8282. Second support is December's low crossing at .8219.

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