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CURRENCIES

The September Dollar closed higher on Friday as it rebounds off Thursday's low crossing at 92.48. 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 oversold. diverging but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If September resumes this year's decline, the May 14th 2018-low on the weekly continuation chart crossing at 92.12 is the next downside target. Closes above the 20-day moving average crossing at 94.42 would signal that a short-term low has been posted. First resistance is Monday's high crossing at 93.98. Second resistance is the 20-day moving average crossing at 94.42. First support is Thursday's low crossing at 92.48. Second support is the May 14th 2018 low on the weekly continuation chart crossing at 92.12.

The September Euro closed lower due to profit taking on Friday leaving a possible double top on the daily chart. 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 overbought, diverging and are turning neutral to bearish signaling that a short-term top might be in or is near. Closes below the 20-day moving average crossing at 116.49 would signal that a short-term top has been posted. If September extends the rally off March's low, the 50% retracement level of the 2018-2020 decline crossing at 120.83 is the next upside target. First resistance is Thursday's high crossing at 119.26. Second resistance is the 50% retracement level of the 2018-2020 decline crossing at 120.83. First support is Monday's low crossing at 117.07. Second support is the 20-day moving average crossing at 116.49.

The September British Pound closed lower on Friday as it consolidates some of the rally off March's low. 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 overbought, diverging and are turning neutral to bearish signaling that a short-term top might be in or is near. Closes below the 20-day moving average crossing at 1.2850 would confirm that a short-term top has been posted. If September extends the rally off June's low, the December-2019 high crossing at 1.3453 is the next upside target. First resistance the 87% retracement level of the December-March decline crossing at 1.3193. Second resistance is the December-2019 high crossing at 1.3453. First support is the 10-day moving average crossing at 1.3048. Second support is the 20-day moving average crossing at 1.2850.

The September Swiss Franc closed lower on Friday as it consolidated some of the rally off March's low. 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 diverging and are turning neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at 1.0832 are needed to confirm that a short-term top has been posted. If September resumes the rally off May's low, the 62% retracement level of the 2018-2020 crossing at 1.1178 is the next upside target. First resistance is Wednesday's high crossing at 1.1062. Second resistance is the 62% retracement level of the 2018-2020 crossing at 1.1178. First support is the 20-day moving average crossing at 1.0832. Second support is the 50-day moving average crossing at 1.0665.

The September Canadian Dollar closed lower on Friday as it consolidated some of the rally off March's low. 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 turning neutral to bearish signaling that a short-term top might be in or is near. Closes below the 20-day moving average crossing at 74.45 would confirm that a short-term top has been posted. If September renews the rally off March's low, the 87% retracement level of the January-March-decline crossing at 76.04 is the next upside target. First resistance is Wednesday's high crossing at 75.58. Second resistance is the 87% retracement level of the January-March-decline crossing at 76.04. First support is the 20-day moving average crossing at 74.45. Second support is the 50-day moving average crossing at 74.03.

The September Japanese Yen closed lower on Friday ending a three-day bounce off Monday's low. 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. Closes below the 20-day moving average crossing at 0.0942 would confirm that a short-term top has been posted. If September renews the rally off June's low, the 75% retracement level of March's decline crossing at 0.0968 is the next upside target. First resistance is last-Friday's high crossing at 0.0960. Second resistance is the 75% retracement level of March's decline crossing at 0.0968. First support is the 20-day moving average crossing at 0.0942. Second supp0ort is the 50-day moving average crossing at 0.0935.