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 - EconoTimes)
Dollar index trading at 92.90 (-2%).
Strength meter (today so far) - Euro +2.4%, Franc +1.23%, Yen +1.2%, GBP +0.43%
Strength meter (since last week) - Euro +2.4%, Franc +1.23%, Yen +1.2%, GBP +0.43%
EUR/USD
Trading at 1.16
Trend meter
- Long term - Buy, Medium term - Range/Buy, Short term - Range/Buy
Support
- Long term - 1.048-1.036, Medium term - 1.065-1.06, Short term - 1.08-1.085
Resistance
- Long term - 1.175-1.18, Medium term - 1.155-1.16(broken), Short term - 1.14-1.145(broken), Immediate - 1.125-1.132(broken)
Economic release today
- NIL
Commentary
- Global selloffs in equities pushed Euro sharply higher. Euro traded as high as 1.172 against Dollar, down from there as equity selloffs recovered.
GBP/USD
Trading at 1.575
Trend meter
- Long term - Buy, Medium term - Range, Short term - Range/Buy
Support
- Long term - 1.425-1.417, Medium term - 1.497-1.49, Short term - 1.518-1.512, Immediate - 1.544-1.54
Resistance
- Long term - 1.592-1.616, Medium term - 1.595, Short term - 1.572(broken)
Economic release today
- NIL
Commentary
- Pound has broken above its recent congestion due to weakness in Dollar. Active call - Buy Pound against Dollar, targeting 1.595 area and 1.609 area with stop loss around 1.54 and 1.53 area.
USD/JPY
Trading at 118.4
Trend meter -
- Long term - Buy, Medium term - Range/Buy, Short term - Range/Sell
Support
- Long term - 113.7-112.9, Medium term - 115.7-115, Short term - 119.7(broken), Immediate - 120.7(broken)
Resistance
- Long term - 130, Medium term - 127.5, Short term - 127.5.
Economic release today
- NIL
Commentary
- Yen is the best performer today as massive selloffs hit global markets. Yen traded 116 against Dollar, but recovered close to 119 as equities recovered.
USD/CHF
Trading at 0.934
Trend meter
- Long term - Buy, Medium term - Range, Short term - Range/Sell
Support
- Long term - 0.88, Medium term - 0.90, Short term - 0.95(broken)
Resistance
- Long term - 1.174, Medium term - 1.025-1.02, Short term - 0.984-0.987
Economic release today
- NIL
Commentary
- Franc is doing well, driven by weak dollar and haven buying. Target reached at 0.93
