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Currency snapshot (major pairs)

Dollar index trading at 97.42 (+0.05%).

Strength meter (today so far) - Euro -0.28%, Franc +0.52%, Yen +0.78%, GBP -0.27%

Strength meter (since last week) - Euro -1.19%, Franc -0.86%, Yen +0.42%, GBP -2.00%

EUR/USD -

Trading at 1.099

Trend meter -

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

Support

  • Long term - 1.048, Medium term - 1.07, Short term - 1.078

Resistance -

  • Long term - 1.18, Medium term - 1.15, Short term - 1.13

Economic release today -

  • NIL

Commentary -

  • Euro fell victim to weaker economic dockets from Euro Zone as ECB actions hanging ahead.

GBP/USD -

Trading at 1.41

Trend meter -

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

Support -

  • Long term - 1.35, Medium term - 1.35, Short term - 1.385

Resistance -

  • Long term - 1.46, Medium term - 1.44, Short term - 1.427

Economic release today -

  • NIL

Commentary -

  • Pound is worst performer this week over Brexit fear.

USD/JPY -                      

Trading at 112.1

Trend meter -

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

Support -

  • Long term - 98.5, Medium term - 108, Short term - 110

Resistance -

  • Long term - 121, Medium term - 117, Short term - 115

Economic release today -

  • Corporate service prices will be released at 23:50 GMT.

Commentary -

  • Yen rose to become top performer today and this week. Active call - Buy Yen @119.5 with stop loss around 123.8 and target at 114 and 110, 108.9 and 98.5

USD/CHF -                                                                                         

Trading at 0.998

Trend meter -

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

Support -

  • Long term - 0.905, Medium term - 0.945, Short term - 0.98

Resistance -

  • Long term - 1.174, Medium term - 1.07, Short term - 1.035

Economic release today -

  • NIL

Commentary -

  • Franc is up today riding on risk aversion. Active call - Sell USD/CHF @0.985 and at rallies - targeting 0.895 area and stop loss at 1.03 area.
  • Market Data
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