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CURRENCIES

The September Dollar closed sharply lower on Friday and below the 20-day moving average crossing at 96.60 confirming that a short-term top has been posted. 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 extends today's decline, the late-June low crossing at 93.02 is the next downside target. Closes above the 10-day moving average crossing at 96.92 would confirm that a low has been posted. First resistance is Monday's high crossing at 97.62. Second resistance is the 75% retracement level of the February-May-decline crossing at 98.71. First support is today's low crossing at 95.33. Second support is the late-June low crossing at 93.02.

The September Euro closed higher on Friday as it extends this week'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 neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the reaction high crossing at 112.16 are needed to confirm that a short-term low has been posted. Closes below the 10-day moving average crossing at 110.56 would confirm that a short-term top has been posted. First resistance is the reaction high crossing at 112.16. Second resistance is June's high crossing at 114.55. First support is the 75% retracement level of the December-May-rally crossing at 109.21. Second support is the 87% retracement level of the December-May-rally crossing at 108.01.

The September British Pound closed 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 signaling that sideways trading is possible near-term. Closes above the reaction high crossing at 1.3540 are needed to confirm that a short-term low has been posted. If September renews the decline off June's high, long-term support crossing at 1.2550 is the next downside target. First resistance is the reaction high crossing at 1.3540. Second resistance is broken support crossing at 1.4021. First support is July's low crossing at 1.2806. Second support is long-term support crossing at 1.2550.

The September Swiss Franc closed sharply higher on Friday as it extends this week'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 neutral to bullish signaling that sideways to higher prices are possible near-term. If September extends this week's rally, June's high crossing at 1.0552 is the next upside target. Closes below the 10-day moving average crossing at 1.0184 would confirm that a short-term top has been posted. First resistance is today's high crossing at 1.0405. Second resistance is June's high crossing at 1.0552. First support is Wednesday's low crossing at 1.0043. Second support is January's low crossing at 0.9868.

The September Canadian Dollar closed 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 have turned neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the reaction high crossing at 77.75 are needed to confirm that a short-term low has been posted. If September renews the decline off June's high, the 50% retracement level of the January-May-rally crossing at 74.30 is the next downside target. First resistance is the reaction high crossing at 77.75. Second resistance is June's high crossing at 79.02. First support is Wednesday's low crossing at 75.46. Second support is the 50% retracement level of the January-May-rally crossing at 74.30.

The September Japanese Yen closed higher on Friday following news of another round of additional stimulus while also announcing a review of its current policy measures. Today's close above the 20-day moving average crossing at 0.9621 confirmed that a short-term low has been posted. The high-range close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI have turned neutral to bullish signaling that sideways to higher prices are possible near-term. If September extends today's rally, July's high crossing at 1.0025 is the next upside target. If September renews this month's decline, the reaction low crossing at .9298 is the next downside target. First resistance is today's high crossing at 0.9823. Second resistance is July's high crossing at 1.0025. First support is the reaction low crossing at 0.9298. Second support is May's low crossing at 0.9008.

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