Menu

Search

  |   Commentary

Menu

  |   Commentary

Search

Currency snapshot (major pairs)

Dollar index trading at 93.55 (-0.15%)

Strength meter (today so far) – Euro +0.26%, Franc +0.04%, Yen +0.19%, GBP -0.46%

Strength meter (since last week) – Euro +0.31%, Franc +0.34%, Yen +1.02%, GBP -0.01%

EUR/USD –

Trading at 1.181

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 –

  • October trade balance came at €19 billion.

Commentary –

  • The euro is up this week as the dollar remains weak. Active call – Sell targeting 1.14

GBP/USD –

Trading at 1.338

Trend meter –

  • Long term – Sell, Medium term – Buy, Short term – Buy

Support –

  • Long term – 1.28, Medium term – 1.295, Short term – 1.32

Resistance –

  • Long term – 1.38 Medium term – 1.36, Short term – 1.35

Economic release today –

  • BoE released its quarterly bulletin today.

Commentary –

  • The pound is the worst performer of this week despite Brexit deal.

USD/JPY –           

Trading at 112.2

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 the best performer this week. Active call – Buy yen targeting 101

USD/CHF –

Trading at 0.988

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 up in line with the euro. Active call – Buy pair targeting 1.02

FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest

 

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.