Currency snapshot (major pairs)

Dollar index trading at 93.13 (+0.36%)

Strength meter (today so far) – Euro +0.23%, Franc -0.08%, Yen -0.18%, GBP +0.16%

Strength meter (since last week) – Euro +0.23%, Franc -0.08%, Yen -0.18%, GBP +0.16%

EUR/USD –

Trading at 1.18

Trend meter –

• Long term – Buy, Medium term – Buy, Short term – Breakout/ Buy

Support          

• Long term – 1.12, Medium term – 1.14, Short term – 1.16

Resistance –

• Long term – 1.22, Medium term – 1.19, Short term – 1.19

Economic release today –

• Sentix investor confidence declines to 27.7 in August.

Commentary –

• The euro retracing Friday’s loss after NFP report. Active Call: target reached at 1.19

GBP/USD –

Trading at 1.305

Trend meter –

• Long term – Sell, Medium term – Buy, Short term – Sell

Support –

• Long term – 1.26, Medium term – 1.275, Short term – 1.293

Resistance –

• Long term – 1.345, Medium term – 1.32, Short term – 1.32

Economic release today –

• Halifax house price grew 0.4 percent in July, up 2.1 percent from a year ago.

Commentary –

• The pound is consolidating within range.

USD/JPY –           

Trading at 110.8

Trend meter –

• Long term – Sell, Medium term – sell, Short term – Range/Sell

Support –

• Long term – 107, Medium term – 108.4, Short term – 110

Resistance –

• Long term – 116, Medium term – 114.2, Short term – 114.2

Economic release today –

• Leading economic index improves to 106.3 in June.
• Coincident index improved to 117.2

Commentary –

• The yen is struggling around key resistance 110 area. Down over NFP report. The worst performer of the day.

USD/CHF –

Trading at 0.973

Trend meter –

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

Support –

• Long term – 0.90, Medium term – 0.92, Short term – 0.95

Resistance –

• Long term – 1.04, Medium term – 1.01, Short term – 0.987

Economic release today –

• Consumer price inflation declined 0.3 percent in July, up 0.3 percent from a year ago.
• Forex reserve swelled to 714 billion.

Commentary –

• Franc remains a much weaker performer compared to the euro. Active call – sell pair targeting 0.92

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