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CURRENCIES

The September Dollar closed higher on Friday as it extends this year's rally. 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 overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If September extends the rally off May's low, weekly resistance crossing at 82.78 is the next upside target. Closes below the 20-day moving average crossing at 81.63 would confirm that a short-term top has been posted. First resistance is today's high crossing at 82.51. Second resistance is weekly resistance crossing at 82.78. First support is the 10-day moving average crossing at 81.82. Second support is the 20-day moving average crossing at 81.63.

The September Euro closed lower on Friday as it extends this summer'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 oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If September extends this summer's decline, the 75% retracement level of the 2013-2014-rally crossing at 131.20 is the next downside target. Closes above the 20-day moving average crossing at 133.69 are needed to confirm that a low has been posted. First resistance is the 20-day moving average crossing at 133.69. Second resistance is the reaction high crossing at 134.47. First support is today's low crossing at 132.22. Second support is the 75% retracement level of the 2013-2014-rally crossing at 131.20.

The September British Pound closed lower on Friday extending the decline off July's high. 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 September extends the decline off July's high, the reaction low crossing at 1.6448 is the next downside target. Closes above the 20-day moving average crossing at 1.6771 would confirm that a low has been posted. First resistance is the 10-day moving average crossing at 1.6674. Second resistance is the 20-day moving average crossing at 1.6771. First support is today's low crossing at 1.6559. Second support is the reaction low crossing at 1.6448.

The September Swiss Franc closed lower on Friday as it extends this summer'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 September renews the decline off July's high, the 50% retracement level of the 2013-2014-rally crossing at 1.0897 is the next downside target. Closes above the reaction high crossing at 1.1084 would confirm that a low has been posted. First resistance is the reaction high crossing at 1.1084. Second resistance is the reaction high crossing at 1.1154. First support is today's low crossing at 1.0926. Second support is the 50% retracement level of the 2013-2014-rally crossing at 1.0897.

The September Canadian Dollar closed slightly 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 neutral to bearish signaling that sideways to lower prices are possible near-term. If September resumes this summer's decline, the 62% retracement level of the March-July-rally crossing at 90.39 is the next downside target. Closes above last Friday's high crossing at 92.02 are needed to confirm that a low has been posted. First resistance is last Friday's high crossing at 92.02. Second resistance is the reaction high crossing at 93.25. First support is the 50% retracement level of the March-July-rally crossing at 91.08. Second support is the 62% retracement level of the March-July-rally crossing at 90.39.

The September Japanese Yen closed lower on Friday extending the decline off June's high. Today's 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 September renews the decline off June's high, April's low crossing at .9595 is the next downside target. Closes above the 20-day moving average crossing at .9748 would temper the bearish outlook. First resistance is the 20-day moving average crossing at .9748. Second resistance is the reaction high crossing at .9854. First support is today's low crossing at .9599. Second support is April's low crossing at .9595.

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