Currency snapshot (major pairs)

Dollar index trading at 99.11 (-0.08%).

Strength meter (today so far) - Euro +0.13%, Franc +0.04%, Yen -0.08%, GBP +0.35%

Strength meter (since last week) - Euro +0.13%, Franc +0.04%, Yen -0.08%, GBP +0.35%

EUR/USD 

Trading at 1.075

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 (broken)

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 broken below key support and facing selling pressure at rallies. Active call - Euro to drop towards parity.

GBP/USD 

Trading at 1.509

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 - 1.5

Resistance 

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

Economic release today 

• NIL

Commentary 

• Pound is best performer today, however struggling at former support turned resistance. Active call - Sell Pound targeting 1.44 area with stop loss around 1.58 area.

USD/JPY             

Trading at 123.2

Trend meter 

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

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 

• Labor cash earnings grew 0.6% in September from a year ago.

Commentary 

• Yen is worst performer today, however gaining in New York session as equities falter. 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 - 1

Resistance 

• Long term - 1.174, Medium term - 1.025-1.02, Short term - 1.03

Economic release today 

• NIL

Commentary 

• Franc is having a profit book rally today.