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Currency snapshot (major pairs)

Dollar index trading at 99.75 (-0.01%).

Strength meter (today so far) - Euro -0.03%, Franc -0.13%, Yen +0.12%, GBP -0.03%

Strength meter (since last week) - Euro -0.21%, Franc -0.56%, Yen +0.17%, GBP -0.43%

EUR/USD -

Trading at 1.062

Trend meter -

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

Support

  • Long term - 0.98, Medium term - 1.02, Short term - 1.048

Resistance -

  • Long term - 1.145, Medium term - 1.104, Short term - 1.083

Economic release today -

  • NIL

Commentary -

  • Euro is keeping to the low, heading towards next week ECB meeting.. Active call - Euro to drop towards parity.

GBP/USD -

Trading at 1.511

Trend meter -

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

Support -

  • Long term - 1.46, Medium term - 1.475, Short term - 1.495

Resistance -

  • Long term - 1.55, Medium term - 1.54, Short term - 1.532

Economic release today -

  • NIL

Commentary -

  • Pound recovery failing to gain momentum. Active call - Sell Pound @1.54 targeting 1.44 area with stop loss around 1.58 area.

USD/JPY -                      

Trading at 122.5

Trend meter -

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

Support -

  • Long term - 115.5-116.5, Medium term - 118.5, Short term - 120.3

Resistance -

  • Long term - 130, Medium term - 128, Short term - 125.4

Economic release today -

  • Inflation and unemployment data to be released at 23:30 GMT.

Commentary -

  • Yen is the best performer of the week. Active call - Buy USD/JPY @ 121.9 targeting 123.2, 125, 127, with stop loss around 120, 118.

USD/CHF -                                                                                         

Trading at 1.023

Trend meter -

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

Support -

  • Long term - 0.905, Medium term - 0.945, Short term - 1.01

Resistance -

  • Long term - 1.174, Medium term - 1.07, Short term - 1.025

Economic release today -

  • Industrial production dropped -5.1% y/y in third quarter.

Commentary -

  • Franc isthe worst performer of the week.
  • Market Data
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