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CURRENCIES

The December Dollar closed slightly lower on Friday. The high-range close sets the stage for a steady to higher opening when Friday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends this week's rally, the 50-day moving average crossing at 92.78 is the next upside target. If December resumes the decline off April's high, weekly support crossing at 87.45 is the next downside targets. First resistance is the 50-day moving average crossing at 92.78. Second resistance is August's high crossing at 93.84. First support is September's low crossing at 90.79. Second support is weekly support crossing at 87.45.

The December Euro closed slightly higher on Friday. The low-range close sets the stage for a steady to lower opening when Friday's night session begins trading. Stochastics and the RSI are turning neutral signaling that sideways trading is possible near-term. Closes below the 50-day moving average crossing at 118.87 would confirm that a short-term top has been posted. If December renews the rally off April's low, weekly resistance crossing at 123.99 is the next upside target. First resistance is September's high crossing at 121.54. Second resistance is weekly resistance crossing at 123.99. First support is the 50-day moving averge crossing at 118.87. Second support is August's low crossing at 117.38.

The December British Pound closed lower on Friday. The mid-range close sets the stage for a steady to lower 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 December extends the rally off August's low, the 38% retracement level of the 2014-2017-decline crossing at 1.4030 is the next upside target. Closes below the 20-day moving average crossing at 1.3248 would confirm that a short-term top has been posted. First resistance is Wednesday's high crossing at 1.3695. Second resistance is the 38% retracement level of the 2014-2017-decline crossing at 1.4030. First support is the 10-day moving average crossing at 1.3462. Second support is the 20-day moving average crossing at 1.3248.

The December Swiss Franc closed slightly higher on Friday as it consolidated some of the decline off September's high. The low-range close sets the stage for a steady to lower opening when Friday'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 December extends this month's decline, the 62% retracement level of the December-July-rally crossing at 1.0237 is the next downside target. Closes above the 20-day moving average crossing at 1.0493 would confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at 1.0485. Second resistance is August's high crossing at 1.0683. First support is Thursday's low crossing at 1.0314. Second support is the 62% retracement level of the December-July-rally crossing at 1.0237.

The December Canadian Dollar closed lower on Friday and 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 a short-term top might be in or is near. Today's close below the 20-day moving average crossing at 81.26 confirms that a short-term top has been posted. If December resumes the rally off August's low, the 62% retracement level of the 2013-2016-decline crossing at 85.17 is the next upside target. First resistance is September's high crossing at 0.8293. Second resistance is the 62% retracement level of the 2013-2016-decline crossing at 0.8517. First support is Wednesday's low crossing at 80.74. Second support is the 50-day moving average crossing at 80.20.

The December Japanese Yen closed higher due to short covering on Friday as it consolidates some of the decline off September's high. The mid-range close sets the stage for a steady opening when Friday'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 December extends this month's decline, the 87% retracement level of the July-September-rally crossing at 0.8874 is the next downside target. Closes above the 20-day moving average crossing at 0.9116 would confirm that a short-term low has been posted. First resistance is last Friday's high crossing at 0.9165. Second resistance is September's high crossing at 0.9359. First support is Thursday's low crossing at 0.8905. Second support is the 87% retracement level of the July-September-rally crossing at 0.8874.

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