Dollar index trading at 92.02 (+0.19%)
Strength meter (today so far) – Euro -0.27%, Franc -0.50%, Yen +0.01%, GBP -0.27%
Strength meter (since last week) – Euro +0.17%, Franc -0.14%, Yen +0.48%, GBP +0.36%
EUR/USD –
Trading at 1.203
Trend meter –
- Long term – Buy, Medium term – Buy, Short term – Buy
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 (testing)
Economic release today –
- NIL
Commentary –
- The euro is down today as the dollar recovers. Active call – Buy targeting 1.25
GBP/USD –
Trading at 1.356
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 –
- Markit construction PMI declines to 52.2 in December.
Commentary –
- The pound is higher this week as dollar weakens.
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 of the week on Iran tensions. Active call – Buy yen targeting 101
USD/CHF –
Trading at 0.976
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 –
- SVME PMI rose to 65.2 in December.
Commentary –
- Franc is the worst performer this week. Active call – Buy pair targeting 1.02
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