Dollar index trading at 99.51 (-0.16%).
Strength meter (today so far) - Euro +0.25%, Franc -0.23%, Yen +0.01%, GBP -0.01%
Strength meter (since last week) - Euro -0.85%, Franc -1.20%, Yen -0.41%, GBP -0.03%
EUR/USD -
Trading at 1.067
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 - 1.08 area
Economic release today -
- Construction output declined by -0.4% in September.
Commentary -
- Euro struggling to break below 1.06, while 1.07 acting as support .Active call - Euro to drop towards parity.
GBP/USD -
Trading at 1.52
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 - 1.55, Immediate - 1.53
Economic release today -
- NIL
Commentary -
- Pound remains the best performer this week hovering around 1.52. 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 -
- NIL
Commentary -
- Yen is hovering above 123 area, awaiting FOMC minutes. Active call - Buy USD/JPY @ 121.9 targeting 123.2, 125, 127, with stop loss around 120, 118.
USD/CHF -
Trading at 1.017
Trend meter -
- Long term - Buy, Medium term - Range, Short term - Range/Buy
Support -
- Long term - 0.88, Medium term - 0.93, Short term - 0.95, Immediate -0.98
Resistance -
- Long term - 1.174, Medium term - 1.025-1.02, Short term - 1.025
Economic release today -
- Zew survey expectation dropped to zero in November from 18.3 prior.
Commentary -
- SNB probably increased intervention heading into European central bank meeting in less than three weeks.


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