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Last update: 2010-02-09 18:46:22 INO.com FOREX quotes are real-time, above table displayed as bid over ask. View major spot prices.
CURRENCIES
Commentary
The March Dollar closed lower due to profit taking on Tuesday as it consolidated some of last week's rally but remains above the 38% retracement level of the 2009-2010-decline crossing at 79.71. The low-range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways prices are possible near-term. If March extends this winter's rally, the 50% retracement level of the 2009-2010-decline crossing at 81.32 is the next upside target. Closes below the 20-day moving average crossing at 78.77 are needed to confirm that a short-term top has been posted. First resistance is last Friday's high crossing at 80.82. Second resistance is the 50% retracement level of the 2009-2001-decline crossing at 81.32. First support is the 10-day moving average crossing at 79.69. Second support is the 20-day moving average crossing at 78.77. The March Euro closed higher due to short covering on Tuesday as it consolidated some of last week's decline. The high-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI are oversold but are turning neutral to bullish hinting that a low might be in or is near. Closes above the 20-day moving average crossing at 140.610 are needed to confirm that a short-term low has been posted. If March extends this winter's decline, the 62% retracement level of the 2008-2009-rally crossing at 134.493 is the next downside target. First resistance is the 10-day moving average crossing at 138.493. Second resistance is the 20-day moving average crossing at 140.610. First support is last Friday's low crossing at 135.840. Second support is the 62% retracement level of the 2008-2009-rally crossing at 134.493. The March British Pound closed higher due to short covering on Tuesday as it consolidated some of last week's decline. The high-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If March extends the decline off January's high, the 50% retracement level of 2009's rally crossing at 1.5381 is the next downside target. Closes above the 20-day moving average crossing at 1.6054 are needed to confirm that a short-term low has been posted. First resistance is the 10-day moving average crossing at 1.5874. Second resistance is the 20-day moving average crossing at 1.6054. First support is Monday's low crossing at 1.5531. Second support is the 50% retracement level of 2009's rally crossing at 1.5381. The March Swiss Franc closed higher due to short covering on Tuesday as it consolidated some of last week's decline. The high-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI are oversold but are turning neutral to bullish hinting that a low might be in or is near. Closes above the 20-day moving average crossing at .9558 are needed to confirm that a short-term low has been posted. If March extends the decline off November's high, the 50% retracement level of the 2008-2009-rally crossing at .9192 is the next downside target. First resistance is the 10-day moving average crossing at .9429. Second resistance is the 20-day moving average crossing at .9558. First support is last Friday's low crossing at .9264. Second support is the 50% retracement level of the 2008-2009-rally crossing at .9192. The March Canadian Dollar closed higher due to short covering on Tuesday as it consolidated some of the decline off January's high. The high-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI are oversold but are turning neutral to bullish hinting that a low might be in or is near. Closes above the 20-day moving average crossing at 95.58 are needed to confirm that a short-term low has been posted. If March extends the decline off January's high, November's low crossing at 92.17 is the next downside target. First resistance is the 10-day moving average crossing at 94.29. Second resistance is last Wednesday's high crossing at 94.83. First support is last Friday's low crossing at 92.74. Second support is November's low crossing at 92.17. The March Japanese Yen closed lower on Tuesday as it consolidated some of last week's rally. The mid-range close sets the stage for a steady opening on Wednesday. Stochastics and the RSI are diverging but have turned bullish signaling that sideways to higher prices are possible near-term. If March extends the rally off January's low, the 62% retracement level of the November-January decline crossing at .11364 is the next upside target. Closes below last Wednesday's low crossing at .10957 would confirm that a short-term top has been posted. First resistance is last Thursday's high crossing at .11295. Second resistance is the 62% retracement level of the November-January decline crossing at .11364. First support is the 10-day moving average crossing at .11120. Second support is last Wednesday's low crossing at .11039.
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