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Currency snapshot (major pairs)

Dollar index trading at 98.95 (-0.25%).

Strength meter (today so far) - Euro +0.07%, Franc +0.07%, Yen +0.09%, GBP +0.35%

Strength meter (since last week) - Euro +0.04%, Franc +0.02%, Yen +0.11%, GBP +0.97%

EUR/USD 

Trading at 1.074

Trend meter 

  • Long term - Buy, Medium term - Range, Short term - Range/Sell

Support

  • Long term - 1.048-1.036, Medium term - 1.065-1.06, Short term - 1.06

Resistance 

  • Long term - 1.175-1.18, Medium term - 1.15, Short term - 1.11, immediate - 1.085 area

Economic release today 

  • NIL

Commentary 

  • Euro hovering around 1.07 mark, waiting for further cues for next leg down. Active call - Euro to drop towards parity.

GBP/USD 

Trading at 1.519

Trend meter 

  • Long term - Buy, Medium term - Range/sell, Short term - Range/Sell

Support 

  • Long term - 1.425-1.417, Medium term - 1.497-1.49, Short term - 1.5

Resistance 

  • Long term - 1.592-1.616, Medium term - 1.585, Short term - 1.55, Immediate - 1.53

Economic release today 

  • UK unemployment rate dropped to 5.3%, while wage grew 2.5% excluding bonus and 3%, including it.

Commentary 

  • Pound is best performer today, and this week so far. Might target 1.527 area before further downside. Active call - Sell Pound @1.54 targeting 1.44 area with stop loss around 1.58 area.

USD/JPY                   

Trading at 123

Trend meter 

  • Long term - Buy, Medium term - Range/Buy, Short term - Range/Buy

Support 

  • Long term - 113.7-112.9, Medium term - 116-115, Short term - 119.5

Resistance 

  • Long term - 130, Medium term - 126, Short term - 123.5

Economic release today 

  • Labor cash earnings grew 0.6% in September from a year ago.

Commentary 

  • Yen is consolidating around 123, trapped between stronger Dollar and Risk aversion. Active call - Buy USD/JPY @ 121.9 targeting 123.2, 125, 127, with stop loss around 120, 118.

USD/CHF                                                                             

Trading at 1.004

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, Immediate -0.95

Resistance 

  • Long term - 1.174, Medium term - 1.025-1.02, Short term - 1.025

Economic release today 

  • NIL

Commentary 

  • Dollar/Franc is drifting above parity waiting for the next leg up.
  • Market Data
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