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CURRENCIES

The September Dollar was lower overnight following Wednesday's key reversal down. Stochastics and the RSI have turned neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at 96.60 are needed to confirm that a short-term top has been posted. If September renews the rally off June's low, the 75% retracement level of the 2015-2016-decline crossing at 98.71 is the next upside target. First resistance is the 62% retracement level of the 2015-2015-decline crossing at 97.53. Second resistance is the 75% retracement level of the 2015-2016-decline crossing at 98.71. First support is the 20-day moving average crossing at 96.60. Second support is the reaction low crossing at 95.37.

The September Euro was higher overnight as it extends the rebound off Monday's low. 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 112.16 are needed to confirm that a low has been posted. If September extends the decline off June's high, July's low crossing at 109.47 is the next downside target. First resistance is the reaction high crossing at 112.16. Second resistance is June's high crossing at 114.55. First support is June's low crossing at 109.47. Second support is March's low crossing at 108.98.

The September British Pound was lower overnight. 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 the 38% retracement level of the June-July-decline crossing at 1.3649. First support is July's low crossing at 1.2806. Second support is monthly support crossing at 1.2550.

The September Swiss Franc was higher due to short covering overnight. Stochastics and the RSI are turning neutral to bullish signaling that a low might be in or is near. Closes above the 20-day moving average crossing at 1.0204 are needed to confirm that a short-term low has been posted. If September resumes the decline off June's high, January's low crossing at 0.9868 is the next downside target. First resistance is the 20-day moving average crossing at 1.0204. Second resistance is July's high crossing at 1.0368. First support is the overnight low crossing at 1.0043. Second support is January's low crossing at 0.9868.

The September Canadian Dollar was higher due to short covering overnight. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If September extends the decline off June's high, the reaction low crossing at 75.29 is the next downside target. Closes above the reaction high crossing at 77.75 are needed to confirm that a short-term low has been posted. First resistance is the reaction high crossing at 77.75. Second resistance is June's high crossing at 77.95. First support is Monday's low crossing at 75.52. Second support is the reaction low crossing at 75.29.

The September Japanese Yen was higher overnight. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at 0.9619 are needed to confirm that a short-term low has been posted. If September extends this month's decline, the reaction low crossing at 0.9298 is the next downside target. First resistance is July's high crossing at 1.0025. Second resistance is June's high crossing at 1.0131. First support is last Thursday's low crossing at 0.9323. Second support is the reaction low crossing at 0.9298.

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