S&P 500
2180.38
+11.34 +0.52%
Dow Indu
18502.99
+107.59 +0.58%
Nasdaq
5232.71
+13.79 +0.26%
Crude Oil
47.08
+0.10 +0.21%
Gold
1323.495
+5.495 +0.42%
Euro
1.116880
-0.003200 -0.29%
US Dollar
95.723
+0.156 +0.20%
Strong

Market Commentary and Analysis

Trader's Blog

The Big Party Get Together At Jackson Hole

12 hours ago

Weekly Futures Recap With Mike Seery

3 days ago

Is It Time To Buy Gold Or Equities?

3 days ago

A Zombie Financial System, Black Swans and A Gold Share Correction

4 days ago

How The Natural Gas Storage Glut Has Been Cut This Summer

4 days ago

Currencies | Energy | Food | Grains | Indexes | Interest | Livestock | Metals

INO.com’s Daily Market Analysis

It’s free, informative, and will help you prepare and plan for the next trading day, while getting a jump on changing market conditions.

Privacy Policy

CURRENCIES

The December Dollar closed slightly higher on Monday following last Friday's key reversal up. The low-range close sets the stage for a steady to lower opening when Tuesday's night session begins trading. Stochastics and the RSI remain neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends the rally off last Friday's low, August's high crossing at 96.45 is the next upside target. Closes below the reaction low crossing at 94.05 would renew the decline off July's high while opening the door for a possible test of the 75% retracement level of the May-July-rally crossing at 93.47. First resistance is today's high crossing at 95.76. Second resistance is August's high crossing at 96.45. First support is the 62% retracement level of the May-July-rally crossing at 94.20. Second support is the 75% retracement level of the May-July-rally crossing at 93.47.

The December Euro closed slightly higher on Monday as it consolidates some of last Friday's decline but remains below the 20-day moving average crossing at 112.26. The high-range close sets the stage for a steady to higher opening when Tuesday's night session begins trading. Stochastics and the RSI remain neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends the decline off August's high, August's low crossing at 111.09 is the next upside target. First resistance is August's high crossing at 114.21. Second resistance is June's high crossing at 114.98. First support is August's low crossing at 111.09. Second support is July's low crossing at 110.22.

The December British Pound closed lower on Monday as it extends last Friday's losses. 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 turning neutral to bearish hinting that a short-term top might be in or is near. Closes below the 20-day moving average crossing at 1.3129 would confirm that a short-term top has been posted. If December renews the rally off August's low, August's high crossing at 1.3400 is the next upside target. First resistance is August's high crossing at 1.3400. Second resistance is July's high crossing at 1.3501. First support is August's low crossing at 1.2897. Second support is July's low crossing at 1.2843.

The December Swiss Franc closed higher due to short covering on Monday as it consolidates some of last Friday's decline. The mid-range close sets the stage for a steady to higher opening when Tuesday's night session begins trading. Stochastics and the RSI remain neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends last Friday's decline, August's low crossing at 1.0249 is the next downside target. Closes above last Friday's high crossing at 1.0448 would confirm that a short-term low has been posted. First resistance is last Friday's high crossing at 1.0448. Second resistance is August's high crossing at 1.0556. First support is August's low crossing at 1.0249. Second support is July's low crossing at 1.0141.

The December Canadian Dollar closed lower on Monday as it extends last Friday's breakout below the 20-day moving average crossing at 77.09 confirming that a short-term top has been posted. 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 bearish signaling that a short-term top might be in or is near. If December extends the decline off August's high, August's low crossing at 75.77 is the next downside target. Closes above last Friday's high crossing at 77.97 would confirm that a short-term low has been posted. First resistance is the reaction high crossing at 78.68. Second resistance is June's high crossing at 78.99. First support is today's low crossing at 76.70. Second support is August's low crossing at 75.80.

The December Japanese Yen closed lower on Monday and tested the 38% retracement level of the July-August's rally crossing at 0.9815. 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 bearish signaling that sideways to lower prices are possible near-term. If December extends today's decline, the 50% retracement level of the aforementioned rally crossing at 0.9728 is the next downside target. Closes above last Friday's high crossing at 1.0040 would confirm that a short-term low has been posted. First resistance is August's high crossing at 1.0095. Second resistance is June's high crossing at 1.0165. First support is the 38% retracement level of the July-August's rally crossing at 0.9815. Second support is 50% retracement level of the aforementioned rally crossing at 0.9728.

© Copyright INO.com, Inc. All Rights Reserved.

adtype =