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 - EconoTimes)
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Dollar index trading at 95.30 (+0.15%).
Strength meter (today so far) - Euro -0.23%, Franc +0.06%, Yen +0.57%, GBP -0.08%
Strength meter (since last week) - Euro -0.23%, Franc +0.06%, Yen +0.57%, GBP -0.08%
EUR/USD -
Trading at 1.131
Trend meter -
- Long term - Buy, Medium term - Range, Short term - Range
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 - 1.15, Short term - 1.15
Economic release today -
- Euro zone industrial production rose by 0.6% in July.
Commentary -
- Euro found resistance around key area of 1.136, focus in on FOMC Thursday.
GBP/USD -
Trading at 1.542
Trend meter -
- Long term - Buy, Medium term - Range, Short term - Range/Sell
Support -
- Long term - 1.425-1.417, Medium term - 1.497-1.49, Short term - 1.518-1.512,
Resistance -
- Long term - 1.592-1.616, Medium term - 1.585, Short term - 1.543-1.545
Economic release today -
- NIL
Commentary -
- Pound is hovering just below key resistance area around 1.55 area. Active call - Sell Pound targeting 1.44 area with stop loss around 1.58 area.
USD/JPY -
Trading at 119.9
Trend meter -
- Long term - Buy, Medium term - Range/Buy, Short term - Range
Support -
- Long term - 113.7-112.9, Medium term - 115.7-115, Short term - 118
Resistance -
- Long term - 130, Medium term - 127.5, Short term - 124.5
Economic release today -
- NIL
Commentary -
- Yen is the best performer today, as investors piling into safety ahead of FOMC. Active call - Sell USD/JPY targeting 114.7 area with stop loss around 122
USD/CHF -
Trading at 0.968
Trend meter -
- Long term - Buy, Medium term - Range, Short term - Range/Buy
Support -
- Long term - 0.88, Medium term - 0.90, Short term - 0.93
Resistance -
- Long term - 1.174, Medium term - 1.025-1.02, Short term - 0.984-0.987
Economic release today -
- NIL
Commentary -
- Franc is trapped between safe haven flow and selling by Swiss National Bank (SNB).
