Dollar index trading at 93.69 (-0.30%)
Strength meter (today so far) – Euro -0.03%, Franc -0.23%, Yen -0.05%, GBP +0.37%
Strength meter (since last week) – Euro -0.03%, Franc -0.23%, Yen -0.05%, GBP +0.37%
EUR/USD –
Trading at 1.178
Trend meter –
- Long term – Buy, Medium term – Buy, Short term – Sell
Support
- Long term – 1.14, Medium term – 1.16, Short term – 1.16
Resistance –
- Long term – 1.22, Medium term – 1.22, Short term – 1.2
Economic release today –
- ECB President Draghi is set for a speech at 14:00 GMT.
Commentary –
- The euro is under pressure today as German coalition talks fail. Active call – Sell targeting 1.14
GBP/USD –
Trading at 1.325
Trend meter –
- Long term – Sell, Medium term – Buy, Short term – Buy
Support –
- Long term – 1.28, Medium term – 1.295, Short term – 1.313 (testing)
Resistance –
- Long term – 1.38 Medium term – 1.36, Short term – 1.36
Economic release today –
- NIL
Commentary –
- The pound is the best performer of the day.
USD/JPY –
Trading at 112.1
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 –
- NIL
Commentary –
- The yen is marginally down to begin the week. Active call – Buy yen targeting 101
USD/CHF –
Trading at 0.99
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 – 1.00
Economic release today –
- NIL
Commentary –
- Franc is the worst performer of the day. Active call – Buy pair targeting 1.02
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