Currency snapshot (major pairs)

Dollar index trading at 99.22 (+1.27%).

Strength meter (today so far) - Euro -1.44%, Franc -1.01%, Yen -1.01%, GBP -0.91%

Strength meter (since last week) - Euro -2.47%, Franc -1.83%, Yen -1.91%, GBP -2.26%

EUR/USD -

Trading at 1.073

Trend meter -

• Long term - Buy, Medium term - Range, Short term - Range/Sell

Support

• Long term - 1.048-1.036, Medium term - 1.065-1.06, Short term - 1.08-1.085

Resistance -

• Long term - 1.175-1.18, Medium term - 1.15, Short term - 1.12, immediate - 1.095 area

Economic release today -

• NIL

Commentary -

• Euro broke below support around 1.08 area, thanks to stronger NFP report. Active call - Euro to drop towards parity.

GBP/USD -

Trading at 1.507

Trend meter -

• Long term - Buy, Medium term - Range/sell, Short term - Range/Sell

Support -

• Long term - 1.425-1.417, Medium term - 1.497-1.49, Short term - 1.518-1.512(broken)

Resistance -

• Long term - 1.592-1.616, Medium term - 1.585, Short term - 1.572, Immediate - 1.55

Economic release today -

• UK manufacturing production rose by 0.8% in September, while industrial production is down by -0.2%

Commentary -

• Pound continued its drop. Active call - Sell Pound targeting 1.44 area with stop loss around 1.58 area.

USD/JPY -                      

Trading at 123

Trend meter -

• Long term - Buy, Medium term - Range/Buy, Short term - Range/sell

Support -

• Long term - 113.7-112.9, Medium term - 116-115, Short term - 119.5

Resistance -

• Long term - 130, Medium term - 126, Short term - 123.2

Economic release today -

• NIL

Commentary -

• Yen broke above key resistance at 122. Active call - Buy USD/JPY @ 121.9 targeting 123.2, 125, 127, with stop loss around 120, 118.

USD/CHF -                                                                                         

Trading at 1.005

Trend meter -

• Long term - Buy, Medium term - Range, Short term - Range/Buy

Support -

• Long term - 0.88, Medium term - 0.90, Short term - 0.93, Immediate -0.95

Resistance -

• Long term - 1.174, Medium term - 1.025-1.02, Short term - 1

Economic release today -

• Forex reserve rose to $551 billion.

Commentary -

• Franc surprisingly the best performer today, however further gains for the pair likely, given the break in parity.