Currency snapshot (major pairs)

Dollar index trading at 99.46 (+0.45%).

Strength meter (today so far) - Euro -0.72%, Franc -0.47%, Yen -0.28%, GBP -0.09%

Strength meter (since last week) - Euro -0.46%, Franc -0.25%, Yen -0.17%, GBP +0.48%

EUR/USD 

Trading at 1.068

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 - 1.06

Resistance 

• Long term - 1.175-1.18, Medium term - 1.15, Short term - 1.11, immediate - 1.085 area

Economic release today 

• NIL

Commentary 

• Euro broke into new low against Dollar, lowest since April. Active call - Euro to drop towards parity.

GBP/USD 

Trading at 1.51

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 still weak compared to Dollar. Further downside likely in Pound. Active call - Sell Pound @1.54 targeting 1.44 area with stop loss around 1.58 area.

USD/JPY   

Trading at 123.4

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 - 123.5

Economic release today 

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

Commentary 

• Yen is trapped between stronger Dollar and Risk aversion. Active call - Buy USD/JPY @ 121.9 targeting 123.2, 125, 127, with stop loss around 120, 118.

USD/CHF                                                                     

Trading at 1.008

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 - 1.025

Economic release today 

• NIL

Commentary 

• Franc is down in line with Euro, however relatively better performer.