Dollar index trading at 90.87 (-0.07%)
Strength meter (today so far) – Euro +0.10%, Franc -0.03%, Yen -0.25%, GBP +0.21%
Strength meter (since last week) – Euro -0.53%, Franc -0.46%, Yen -1.32%, GBP -0.19%
EUR/USD –
Trading at 1.222
Trend meter –
- Long term – Buy, Medium term – Buy, Short term – Sell
Support
- Long term – 1.18, Medium term – 1.2, Short term – 1.22
Resistance –
- Long term – 1.25, Medium term – 1.25, Short term – 1.25
Economic release today –
- NIL
Commentary –
- The euro gave up earlier loss but still down for the week.
GBP/USD –
Trading at 1.397
Trend meter –
- Long term – Sell, Medium term – Buy, Short term – Sell
Support –
- Long term – 1.35, Medium term – 1.385, Short term – 1.385
Resistance –
- Long term – 1.50 Medium term – 1.485, Short term – 1.435
Economic release today –
- Public sector net borrowing in March was -£0.262 billion.
- CBI industrial trend survey order index flat 4 in April.
Commentary –
- The pound is the best performer so far but down against the dollar. Active call- short term sell targeting 1.375 (target reached); extended to 1.354
USD/JPY –
Trading at 109.1
Trend meter -
- Long term – Sell, Medium term – sell, Short term – Range/Sell
Support –
- Long term – 101, Medium term – 104.2, Short term – 106.2
Resistance –
- Long term – 111, Medium term – 109, Short term – 109
Economic release today –
- NIL
Commentary –
- The yen is the worst performer of the week. Extended loss while other pairs trimmed. Active call – Buy yen targeting 101
USD/CHF –
Trading at 0.978
Trend meter –
- Long term – Buy, Medium term – Range/sell, Short term – Range/Sell
Support –
- Long term – 0.90, Medium term – 0.92, Short term – 0.92
Resistance –
- Long term – 1.03, Medium term – 0.98, Short term – 0.98
Economic release today –
- March trade balance came at 1.768 billion.
Commentary –
- Franc is down in line with the euro this week.
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