 - EconoTimes)
Dollar index trading at 101.11 (-0.27%)
Strength meter (today so far) – Euro +0.04%, Franc +0.12%, Yen +0.02%, GBP +0.55%
Strength meter (since last week) – Euro +0.04%, Franc +0.12%, Yen +0.02%, GBP +0.55%
EUR/USD –
Trading at 1.067
Trend meter –
- Long term – Sell, Medium term – Sell, Short term – Sell
Support
- Long term – 1.01, Medium term – 1.032, Short term – 1.032
Resistance –
- Long term – 1.09, Medium term – 1.07, Short term – 1.07
Economic release today –
- ECB President Draghi’s speech at 13:30 GMT.
Commentary –
- The focus for the euro is on the Dutch election on March 15th.
GBP/USD –
Trading at 1.222
Trend meter –
- Long term – Sell, Medium term – Sell, Short term – range/sell
Support –
- Long term – 1.16, Medium term – 1.2, Short term – 1.2
Resistance –
- Long term – 1.32, Medium term – 1.27, Short term – 1.25
Economic release today –
- NIL
Commentary –
- The pound is focused on the upcoming Brexit bill voting in the House of Commons. We expect the pound to reach parity in the longer run.
USD/JPY –
Trading at 114.6
Trend meter –
- Long term – Sell, Medium term – Range/ Buy, Short term – Range/Buy
Support –
- Long term – 107, Medium term – 109, Short term – 112
Resistance –
- Long term – 121, Medium term – 119, Short term – 115
Economic release today –
- Tertiary industry index flat for January.
Commentary –
- The yen breached the 115 support area last week but still hovering around as the dollar weakened across the board. Active call – Yen likely to reach 120 as key support broken.
USD/CHF –
Trading at 1.008
Trend meter –
- Long term – Buy, Medium term – Range/Buy, Short term – Range
Support –
- Long term – 0.95, Medium term – 0.95, Short term – 0.98
Resistance –
- Long term – 1.08, Medium term – 1.037, Short term – 1.037
Economic release today –
- NIL
Commentary –
- Franc is up in line with the euro. Active call -Franc might decline to 1.08 per dollar. Target extended to 1.14
