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CURRENCIES

The June Dollar closed sharply higher on Friday as it extends the rally off last week's low. 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. If June extends this week's rally, the reaction high crossing at 98.64 is the next upside target. Closes below the 10-day moving average crossing at 94.67 would confirm that a short-term top has been posted. If June renews the decline off April's high, the 38% retracement level of the June-March-rally crossing at 92.90 is the next downside target. First resistance is today's high crossing at 96.35. Second resistance is the reaction high crossing at 98.69. First support is last Thursday's low crossing at 93.15. Second support is the 38% retracement level of the June-March-rally crossing at 92.90.

The June Euro closed lower on Friday as it extends this week's decline. 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 June extends this week's decline, the reaction low crossing at 106.67 is the next downside target. Closes above the 10-day moving average crossing at 112.35 would confirm that a short-term low has been posted. First resistance is last Friday's high crossing at 114.72. Second resistance is the February's high crossing at 115.46. First support is today's low crossing at 110.05. Second support is the reaction low crossing at 106.67.

The June British Pound closed sharply lower on Friday ending a two-day bounce off Tuesday'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 turning neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at 1.5452 are needed to confirm that a short-term top has been posted. If June resumes the rally off April's low, the 62% retracement level of the July-April-decline crossing at 1.6121 is the next upside target. First resistance is the 50% retracement level of the July-April-decline crossing at 1.5823. Second resistance is the 62% retracement level of the July-April-decline crossing at 1.6121. First support is the 20-day moving average crossing at 1.5452. Second support is the May 8th gap crossing at 1.5271.

The June Swiss Franc closed lower on Friday as it extends the decline off May'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 June extends this week's decline, the reaction low crossing at 1.0437 is the next downside target. Closes above the 10-day moving average crossing at 1.0783 are needed to confirm that a short-term top has been posted. First resistance is the reaction high crossing at 1.1037. Second resistance is the 62% retracement level of the January-March-decline crossing at 1.1189. First support is the reaction low crossing at 1.0437. Second support is the reaction low crossing at 1.0307.

The June Canadian Dollar closed lower on Friday as it extends this week's decline. 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 June extends this week's decline, the reaction low crossing at 78.88 is the next downside target. Closes above the 20-day moving average crossing at 82.61 would confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at 82.61. Second resistance is May's high crossing at 83.86. Third resistance is the 38% retracement level of the 2013-2015-decline crossing at 0.8482. First support is today's low crossing at 81.12. Second support is the reaction low crossing at 78.88.

The June Japanese Yen closed lower on Friday as it extends this week's decline. 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 June extends this week's decline, March's low crossing at .8205 is the next downside target. Closes above the 20-day moving average crossing at .8345 are needed to confirm that a low has been posted. First resistance is the 20-day moving average crossing at .8345. Second resistance is March's high crossing at .8460. First support is today's low crossing at .8226. Second support is March's low crossing at .8205.

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