 - EconoTimes)
Dollar index trading at 93.67 (-0.08%)
Strength meter (today so far) – Euro +0.21%, Franc -0.17%, Yen -0.25%, GBP +0.85%
Strength meter (since last week) – Euro +0.21%, Franc -0.17%, Yen -0.25%, GBP +0.85%
EUR/USD –
Trading at 1.174
Trend meter –
- Long term – Buy, Medium term – Buy, Short term – Sell
Support
- Long term – 1.14, Medium term – 1.16, Short term – 1.175 (testing)
Resistance –
- Long term – 1.22, Medium term – 1.22, Short term – 1.22
Economic release today –
- Sentix investor confidence improves to 29.7 in October.
Commentary –
- The euro is marginally higher today after a downbeat last week. Active call – Sell targeting 1.14
GBP/USD –
Trading at 1.318
Trend meter –
- Long term – Sell, Medium term – Buy, Short term – Buy
Support –
- Long term – 1.28, Medium term – 1.295, Short term – 1.313
Resistance –
- Long term – 1.38 Medium term – 1.36, Short term – 1.36
Economic release today –
- BRC shop price report will be released at 23:00 GMT.
Commentary –
- The pound is the best performer of the day as Tories effort to Oust Prime Minister May spoils.
USD/JPY –
Trading at 112.7
Trend meter –
- Long term – Sell, Medium term – sell, Short term – Range/Sell
Support –
- Long term – 107, Medium term – 108.4, Short term – 108.4
Resistance –
- Long term – 116, Medium term – 114.2, Short term – 114.2
Economic release today –
- August trade balance report will be released at 23:50 GMT.
Commentary –
- The yen is the worst performer of the day. Active call – Buy yen targeting 101
USD/CHF –
Trading at 0.979
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 marginally down today. Active call – Buy pair targeting 1.02
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