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Currency snapshot (major pairs)

Dollar index trading at 96.95 (-0.18%)

Strength meter (today so far) – Euro +0.19%, Franc +0.05%, Yen +0.25%, GBP +0.42%

Strength meter (since last week) – Euro +0.58%, Franc +0.54%, Yen +0.72%, GBP +0.72%

EUR/USD –

Trading at 1.137

Trend meter –

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

Support          

  • Long term – 1.10, Medium term – 1.12, Short term – 1.123

Resistance –

  • Long term – 1.22, Medium term – 1.18, Short term – 1.153

Economic release today –

  • NIL

      Commentary –

  • The euro is continuing its tight range against the USD. Active Call - Sell Euro at 1.218 with 1.17 as target; target revised lower to 1.095 area.

GBP/USD –

Trading at 1.266

Trend meter –

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

Support –

  • Long term – 1.19, Medium term – 1.23, Short term – 1.268

Resistance –

  • Long term – 1.35 Medium term – 1.337, Short term – 1.326

Economic release today –

  • NIL

Commentary –

  • The pound is up this week on a weaker USD. Active call-  short term sell at 1.413 targeting 1.375 (target reached); extended to 1.354 (target reached); extended to 1.25 and 1.21

USD/JPY –           

Trading at 112.5

Trend meter -

  • Long term – Sell, Medium term – buy, Short term – Range/Sell

Support –

  • Long term – 106.2, Medium term – 109.2, Short term – 111

Resistance –

  • Long term – 117, Medium term – 114, Short term – 114

Economic release today –

  • NIL

Commentary –

  • The yen remains trapped in bull/bear fight amid risk aversion and a strong dollar. Rising this week amid rising risk aversion in the market.

USD/CHF –

Trading at 0.992

Trend meter –

  • Long term – Buy, Medium term – Range/sell, Short term – Range/Buy

Support –

  • Long term – 0.92, Medium term – 0.95, Short term – 0.97

Resistance –

  • Long term – 1.03, Medium term – 1.00, Short term – 1.00

Economic release today –

  • NIL

Commentary –

  • Franc is up in line with the euro.

 

 

  • Market Data
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