Currency snapshot (major pairs)

Dollar index trading at 93.35 (+0.27%)

Strength meter (today so far) – Euro -0.18%, Franc -0.73%, Yen -0.46%, GBP -0.28%

Strength meter (since last week) – Euro -0.18%, Franc -0.73%, Yen -0.46%, GBP -0.28%

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 –

• NIL

Commentary –

• The euro declines as the dollar recovers since Friday. Active Call: target reached at 1.19

GBP/USD –

Trading at 1.297

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 –

• NIL.

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 –

• NIL.

Commentary –

• The yen is likely to gain further against the dollar. Active call – Buy yen targeting 101

USD/CHF –

Trading at 0.968

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 is the worst performer of the day. Active call – sell pair targeting 0.92

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