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CURRENCIES

The December Dollar was slightly lower overnight. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends the rally off last week's low, September's high crossing at 86.87 is the next upside target. Closes below last week's low crossing at 84.52 are needed to renew the decline off September's high. First resistance is the reaction high crossing at 86.13. Second resistance is September's high crossing at 86.87. First support is the 25% retracement level of the May-September-rally crossing at 84.95. Second support is the 38% retracement level of the May-September-rally crossing at 83.95.

The December Euro was slightly higher overnight. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below last Wednesday's low crossing at 126.30 would confirm that the rebound off October's low has ended. If December renews this month's rally, the 38% retracement level of the May-September-rally crossing at 130.67 is the next upside target. First resistance is the 25% retracement level of the May-September-rally crossing at 128.71. Second resistance is the 38% retracement level of the May-September-rally crossing at 130.67. First support is October's low crossing at 125.06. Second support is monthly support crossing at 124.56.

The December British Pound was slightly higher overnight. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If December renews the decline off September's high, the 62% retracement level of the 2013-2014-rally crossing at 1.5732 is the next downside target. If December resumes the rebound off October's low, September's high crossing at 1.6515 is the next upside target. First resistance is Tuesday's high crossing at 1.6178. Second resistance is September's high crossing at 1.6515. First support is last Wednesday's low crossing at 1.5866. Second support is the 62% retracement level of the 2013-2014-rally crossing at 1.5732.

The December Swiss Franc was slightly higher overnight. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends this week's decline, October's low crossing at 1.0333 is the next downside target. If December renews the rally off October's low, the 38% retracement level of the March-October-decline crossing at 1.0775 is the next upside target. First resistance is the 25% retracement level of the March-October-decline crossing at 1.0622. Second resistance is the 38% retracement level of the March-October-decline crossing at 1.0775. First support is October's low crossing at 1.0333. Second support is monthly support crossing at 1.0259.

The December Canadian Dollar was higher overnight. 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 89.04 are needed to confirm that a short-term low has been posted. If December renews this summer's decline, monthly support crossing at 85.30 is the next downside target. First resistance is the 20-day moving average crossing at 89.04. Second resistance is the reaction high crossing at 90.09. First support is last Wednesday's low crossing at 87.69. Second support is monthly support crossing at 85.30.

The December Japanese Yen was slightly higher overnight as it consolidates some of Thursday's decline. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends Thursday's decline, October's low crossing at .9088 is the next downside target. If December resumes the rally off October's low, the 62% retracement level of this year's decline crossing at .9617 is the next upside target. First resistance is the 50% retracement level of this year's decline crossing at .9516. Second resistance is the 62% retracement level of this year's decline crossing at .9617. First support is Thursday's low crossing at .9233. Second support is October's low crossing at .9088.

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