S&P 500
1972.18
-16.69 -0.84%
Dow Indu
16528.03
-114.98 -0.69%
Nasdaq
4776.33
-51.99 -1.08%
Crude Oil
47.69
-1.51 -3.33%
Gold
1141.115
+6.330 +0.56%
Euro
1.12506
+0.00154 +0.14%
US Dollar
95.571
-0.355 -0.46%
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 December Dollar posted an inside day with a lower close on Monday as it consolidates some of the rally off August's low. The low-range close sets the stage for a steady to lower 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. Closes above the 20-day moving average crossing at 96.68 are needed to confirm that a low has been posted. If December resumes the decline off August's high, the 75% retracement level of the 2014-2015-rally crossing at 92.36 is the next downside target. First resistance is the 20-day moving average crossing at 96.68. Second resistance is the reaction high crossing at 97.40. First support is August's low crossing at 92.85. Second support is the 75% retracement level of the 2014-2015-rally crossing at 92.36.

The December Euro posted an inside day with a higher close on Monday as it consolidates some of the decline off August's high. 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 bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at 111.70 are needed to confirm that a short-term top has been posted. If December renews the rally off July's low, the 38% retracement level of the 2014-2015-decline crossing at 118.34 is the next upside target. First resistance is August's high crossing at 117.30. Second resistance is the 38% retracement level of the 2014-2015-decline crossing at 118.34. First support is the 20-day moving average crossing at 111.70. Second support is the reaction low crossing at 110.39.

The December British Pound closed lower on Monday as it extended its decline off August's high. The low-range close sets the stage for a steady to lower 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 December extends the aforementioned decline, June's low crossing at 1.5179 is the next downside target. Closes above the 20-day moving average crossing at 1.5571 would confirm that a short-term low has been posted. First resistance is August's high crossing at 1.5805. Second resistance is June's high crossing at 1.5892. First support is July's low crossing at 1.5325. Second support is June's low crossing at 1.5179.

The December Swiss Franc closed lower on Monday. The low-range close sets the stage for a steady to lower opening when Tuesday's night session begins trading. 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 1.0368 are needed to confirm that a short-term top has been posted. If December renews the rally off August's low, the 87% retracement level of the May-August-decline crossing at 1.0934 is the next upside target. First resistance is August's high crossing at 1.0842. Second resistance is the 87% retracement level of the May-August-decline crossing at 1.0934. First support is the 20-day moving average crossing at 1.0368. Second support is the reaction low crossing at 1.0248.

The December Canadian Dollar closed slightly higher due to short covering on Monday. 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. Closes above the reaction high crossing at 77.10 are needed to confirm that a low has been posted. If December extends the decline off May's high, weekly support crossing at 73.92 is the next downside target. First resistance is the reaction high crossing at 77.10. Second resistance is the reaction high crossing at 77.68. First support is August's low crossing at 74.87. Second support is weekly support crossing at 73.92.

The December Japanese Yen closed higher on Monday as it consolidates some of the decline off August's high. 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 bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at .8148 are needed to confirm that a short-term top has been posted. If December renews the rally off August's low, January's high crossing at .8653 is the next upside target. First resistance is August's high crossing at .8603. Second resistance is January's high crossing at .8653. First support is the 10-day moving average crossing at .8249. Second support is the 20-day moving average crossing at .8148.

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

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