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CURRENCIES

The September Dollar closed higher on Tuesday as it extended the rally off June's low. The mid-range close sets the stage for a steady to higher opening when Wednesday's night 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, May's high crossing at 98.29 is the next upside target. Closes below the 20-day moving average crossing at 95.43 would confirm that a short-term top has been posted. First resistance is today's high crossing at 97.45. Second resistance is May's high crossing at 98.29. First support is the 20-day moving average crossing at 95.43. Second support is June's low crossing at 93.30.

The September Euro closed slightly lower on Tuesday. The mid-range close sets the stage for a steady opening when Wednesday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If September extends the decilne off June's high, May's low crossing at 108.37 is the next downside target. Closes above the 20-day moving average crossing at 112.19 would confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at 112.19. Second resistance is the May's high crossing at 114.50. First support is today's low crossing at 109.27. Second support is May's low crossing at 108.37.

The September British Pound closed lower on Tuesday testing support marked by the the 38% retracement level of the April-June-rally crossing at 1.5415. The low-range close sets the stage for a steady to lower opening when Wednesday'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 September extends the decline off June's high, the 50% retracement level of the April-June-rally crossing at 1.5257 is the next downside target. Closes above the 20-day moving average crossing at 1.5663 would confirm that a low has been posted. First resistance is the 20-day moving average crossing at 1.5663. Second resistance is June's high crossing at 1.5924. First support is the 38% retracement level of the April-June-rally crossing at 1.5415. Second support is the 50% retracement level of the April-June-rally crossing at 1.5257.

The September Swiss Franc closed lower on Tuesday. The mid-range close sets the stage for a steady to lower opening when Wednesday's night session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower possible near-term. If September extends the decline off June's high, May's low crossing at 1.0526 is the next downside target. Closes above last Monday's high crossing at 1.0849 are needed to confirm that a short-term low has been posted. First resistance is last Monday's high crossing at 1.0849. Second resistance is June's high crossing at 1.0964. First support is May's low crossing at 1.0526. Second support is the reaction low crossing at 1.0373.

The September Canadian Dollar closed lower on Tuesday as it extends the decline off May's high. The mid-range close sets the stage for a steady to lower opening when Wednesday'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 September extends the aforementioned decline, March's low crossing at 77.77 is the next downside target. Closes above the 20-day moving average crossing at 79.23 would confirm that a low has been posted. First resistance is the 20-day moving average crossing at 79.23. Second resistance is June's high crossing at 82.35. First support is today's low crossing at 78.17. Second support is March's low crossing at 77.77.

The September Japanese Yen closed slightly lower on Tuesday. The mid-range close sets the stage for a steady opening when Wednesday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If September extends the rally off June's low, the reaction high crossing at .8300 is the next upside target. Closes below the 20-day moving average crossing at .8129 would confirm that a short-term top has been posted. First resistance is Monday's high crossing at .8214. Second resistance is the reaction high crossing at .8300. First support is the 20-day moving average crossing at .8129. Second support is June's low crossing at .7956.

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