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CURRENCIES

The June Dollar closed lower on Friday renewing the decline off April's high. 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 June extends the aforementioned decline, the 25% retracement level of the June-March-rally crossing at 95.62 is the next downside target. Closes above the 20-day moving average crossing at 98.18 would signal that a short-term low has been posted. First resistance is last Monday's high crossing at 100.27. Second resistance is March's high crossing at 100.78. First support is April's low crossing at 96.49. Second support is the 25% retracement level of the June-March-rally crossing at 95.62.

The June Euro 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 to bullish signaling that sideways to higher prices are possible near-term. Toda's close above last Friday's high crossing at 108.57 confirms that a short-term low has been posted while opening the door for additional short-term gains. If June resumes this month's decline, March's low crossing at 104.73 is the next downside target. First resistance is April's high crossing at 110.64. Second resistance is the 25% retracement level of the 2014-2015-decline crossing at 113.42. First support is March's low crossing at 104.73. Second support is weekly support crossing at 102.60.

The June British Pound closed higher on Friday as it extends this month'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 June extends the rally off April's low, the 38% retracement level of the July-April-decline crossing at 1.5525 is the next upside target. Closes below the 20-day moving average crossing at 1.4869 would confirm that a short-term top has been posted. First resistance is today's high crossing at 1.5181. Second resistance is the 38% retracement level of the July-April-decline crossing at 1.5525. First support is the 20-day moving average crossing at 1.4869. Second support is April's low crossing at 1.4560.

The June Swiss Franc 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 turning neutral to bullish signaling that sideways to higher prices are possible near-term. If June resumes the rally off April's low, the 38% retracement level of the January-March-decline crossing at 1.0697 is the next upside target. Closes below April's low crossing at 1.0162 would confirm that a triple top has been posted. First resistance is the reaction high crossing at 1.079. Second resistance is the 38% retracement level of the January-March-decline crossing at 1.0697. First support is April's low crossing at 1.0162. Second support is March's low crossing at 0.9910.

The June Canadian Dollar closed lower on Friday. 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 bullish signaling that sideways to higher prices are possible near-term. If June renews the rally off March's low, the 38% retracement level of the 2013-2015-decline crossing at 84.82 is the next upside target. Closes below the 20-day moving average crossing at 80.42 would confirm that a short-term top has been posted. First resistance is last Friday's high crossing at 82.67. Second resistance is the 38% retracement level of the 2013-2015-decline crossing at 0.8482. First support is the 20-day moving average crossing at 80.42. Second support is the reaction low crossing at 78.88.

The June Japanese Yen closed higher on Friday as it consolidates some of this week's decline. 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 turning neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above March's high crossing at .8460 are needed to renew the rally off March's low. If June renews this week's decline, the reaction low crossing at .8280 is the next downside target. First resistance is March's high crossing at .8460. Second resistance is February's high crossing at .8562. First support is the reaction low crossing at .8280. Second support is March's low crossing at .8205.

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