 - EconoTimes)
Dollar index trading at 93.66 (+0.17%)
Strength meter (today so far) – Euro -0.21%, Franc -0.22%, Yen +0.37%, GBP -0.08%
Strength meter (since last week) – Euro -0.28%, Franc +0.60%, Yen +0.90%, GBP -0.21%
EUR/USD –
Trading at 1.173
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 –
- NIL
Commentary –
- The euro is facing sell-offs over profit bookings as the dollar recovers. Active Call: target reached at 1.19
GBP/USD –
Trading at 1.299
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 –
- Manufacturing production is up 0.6 y/y percent in June. Industrial production is up 0.3 percent from a year ago.
Commentary –
- The pound is consolidating within range.
USD/JPY –
Trading at 109.7
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 –
- No change in tertiary industry index in July.
Commentary –
- The yen has broken key resistance around 110 area over North Korean tensions. The best performer of the week.
USD/CHF –
Trading at 0.966
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 –
- NIL
Commentary –
- Franc gave up some of the earlier gains, still a much better performer than the euro. Active call – sell pair targeting 0.92
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