Dollar index trading at 94.62 (+1.27%).
Strength meter (today so far) - Euro -1.47%, Franc +1.66%, Yen -0.90%, GBP -0.43%
Strength meter (since last week) - Euro +0.24%, Franc -0.33%, Yen +1.72%, GBP +0.04%
EUR/USD
Trading at 1.141
Trend meter
- Long term - Buy, Medium term - Range/Buy, Short term - Range/Buy
Support
- Long term - 1.048-1.036, Medium term - 1.065-1.06, Short term - 1.08-1.085
Resistance
- Long term - 1.175-1.18, Medium term - 1.172, Short term - 1.163
Economic release today
- NIL
Commentary
- Euro pared almost all of yesterday's gains as risk aversion faded further.
GBP/USD
Trading at 1.569
Trend meter
- Long term - Buy, Medium term - Range, Short term - Range/Buy
Support
- Long term - 1.425-1.417, Medium term - 1.497-1.49, Short term - 1.518-1.512, Immediate - 1.544-1.54
Resistance
- Long term - 1.592-1.616, Medium term - 1.595, Short term - 1.572(broken)
Economic release today
- NIL
Commentary
- Pound traded as high as 1.581 against Dollar, however sank below 1.57 mark in New York session.. Active call - Buy Pound against Dollar, targeting 1.595 area and 1.609 area with stop loss around 1.54 and 1.53 area.
USD/JPY
Trading at 119.9
Trend meter
- Long term - Buy, Medium term - Range/Buy, Short term - Range/Sell
Support -
- Long term - 113.7-112.9, Medium term - 115.7-115, Short term - 119.7(broken), Immediate - 120.7(broken)
Resistance
- Long term - 130, Medium term - 127.5, Short term - 127.5.
Economic release today
- NIL
Commentary
- Yen is still the best performer this week as risk aversion subsided but not completely over.
USD/CHF
Trading at 0.949
Trend meter -
- Long term - Buy, Medium term - Range, Short term - Range/Sell
Support
- Long term - 0.88, Medium term - 0.90, Short term - 0.95(broken)
Resistance
- Long term - 1.174, Medium term - 1.025-1.02, Short term - 0.984-0.987
Economic release today
- NIL
Commentary
- Franc is worst performer today as Dollar found its groove back amid fading of risk aversion. Target reached at 0.93


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