 - EconoTimes)
Dollar index trading at 98.88 (-0.15%).
Strength meter (today so far) - Euro +0.24%, Franc +0.13%, Yen +0.03%, GBP -0.08%
Strength meter (since last week) - Euro +0.99%, Franc -0.02%, Yen +0.35%, GBP +0.54%
EUR/USD -
Trading at 1.091
Trend meter -
- Long term - Sell, Medium term - Range/Buy, Short term - Range/Sell
Support
- Long term - 1.048, Medium term - 1.048, Short term - 1.06
Resistance -
- Long term - 1.145, Medium term - 1.104, Short term - 1.1
Economic release today -
- NIL
Commentary -
- Euro is best performer today and this week. Active Call - Buy Euro @1.06 and at dips targeting 1.155 area and stop loss at 1.05
GBP/USD -
Trading at 1.435
Trend meter -
- Long term - Range/Sell, Medium term - Range/sell, Short term - Range/Sell
Support -
- Long term - 1.425, Medium term - 1.445, Short term - 1.445
Resistance -
- Long term - 1.52, Medium term - 1.5, Short term - 1.482
Economic release today -
- Nationwide house prices rose 0.3% in January reading, up 4.4% from a year ago.
Commentary -
- Pound is finding support bids around 5 year low. Downside target reached for Pound
USD/JPY -
Trading at 118.4
Trend meter -
- Long term - Sell, Medium term - Range/ Sell, Short term - Sell
Support -
- Long term - 115.5-116.5, Medium term - 116.5, Short term - 116.5
Resistance -
- Long term - 123.8, Medium term - 123.8, Short term - 119.5
Economic release today -
- NIL
Commentary -
- Yen is flat but lost charm as equities consolidate. Active call - Sell Yen @119.5 with stop loss around 123.8 and target at 114 and 110.
USD/CHF -
Trading at 1.014
Trend meter -
- Long term - Buy, Medium term - Range, Short term - Range/Sell
Support -
- Long term - 0.905, Medium term - 0.945, Short term - 1.01
Resistance -
- Long term - 1.174, Medium term - 1.07, Short term - 1.035
Economic release today -
- UBS consumption indicator rose to 1.62 from 1.55
Commentary -
- Franc is worst performer this week. Active call - Sell USD/CHF @0.985 and at rallies - targeting 0.895 area and stop loss at 1.03 area.
