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CURRENCIES

The March Dollar closed higher on Friday renewing the rally off October's low. 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 extends the rally off October's low, weekly resistance crossing at 90.03 is the next upside target. If March resumes the decline off December's high, the reaction low crossing at 87.42 is the next downside target. First resistance is today's high crossing at 89.88. Second resistance is weekly resistance crossing at 90.03. First support is the reaction low crossing at 87.83. Second support is the reaction low crossing at 87.42.

The March Euro closed lower on Friday as it renewed this year'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 extends this year's decline, monthly support crossing at 120.49 is the next downside target. Closes above Tuesday's high crossing at 125.79 would confirm that a short-term low has been posted. First resistance is Tuesday's high crossing at 125.79. Second resistance is November's high crossing at 126.10. First support is today's low crossing at 122.29. Second support is weekly support crossing at 120.49.

The March British Pound closed lower 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 turning neutral to bearish signaling that sideways to lower prices are possible near-term. If March extends the decline off July's high, monthly support crossing at 1.5330 is the next downside target. Closes above the reaction high crossing at 1.5813 are needed to confirm that a low has been posted. First resistance is the reaction high crossing at 1.5813. Second resistance is the reaction high crossing at 1.5915. First support is Wednesday's low crossing at 1.5527. Second support is monthly support crossing at 1.5330.

The March Swiss Franc closed lower on Friday extending this month'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 remain bearish signaling that sideways to lower prices are possible near-term. If March extends the decline off July's high, monthly support crossing at 1.0040 is the next downside target. Closes above Tuesday's high crossing at 1.0478 is the next upside target. First resistance is Tuesday's high crossing at 1.0478. Second resistance is November's high crossing at 1.0502. First support is Thursday's low crossing at 1.0169. Second support is monthly support crossing at 1.0040.

The March Canadian Dollar closed lower on Friday. The mid-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 this year's decline, monthly support crossing at 85.30 is the next downside target. Closes above the 20-day moving average crossing at 87.13 would confirm that a low has been posted. First resistance is the 20-day moving average crossing at 87.13. Second resistance is November's high crossing at 89.12. First support is Monday's low crossing at 85.47. Second support is monthly support crossing at 85.30.

The March Japanese Yen closed lower 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 neutral to bearish signaling that sideways to lower prices are possible near-term. If March renews this year's decline, weekly support crossing at .8171 is the next downside target. If March extends the rally off December's low, the 25% retracement level of the 2013-2014-decline crossing at .8773 is the next upside target. First resistance is Tuesday's high crossing at .8663. Second resistance is the 25% retracement level of the 2013-2014-decline crossing at .8773. First support is last Monday's low crossing at .8219. Second support is weekly support crossing at .8171.

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