Currency snapshot (major pairs)

Dollar index trading at 95.33 (-0.83%).

Strength meter (today so far) - Euro +0.88%, Franc +0.94%, Yen +0.69%, GBP +0.60%

Strength meter (since last week) - Euro +0.80%, Franc +1.17%, Yen +1.29%, GBP +0.26%

EUR/USD -

Trading at 1.128

Trend meter -

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

Support

• Long term - 1.048-1.036, Medium term - 1.065-1.06, Short term - 1.08-1.085, Immediate - 1.109

Resistance -

• Long term - 1.175-1.18, Medium term - 1.15, Short term - 1.132

Economic release today -

• NIL

Commentary -

• Euro is best performer today, as NFP came much lower than expected. Finding resistance near 1.132 area.

GBP/USD -

Trading at 1.521

Trend meter -

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

Support -

• Long term - 1.425-1.417, Medium term - 1.497-1.49, Short term - 1.518-1.512,

Resistance -

• Long term - 1.592-1.616, Medium term - 1.585, Short term - 1.572, Immediate - 1.524-1.526

Economic release today -

• UK construction PMI rose to 59.9 in September compared to 57.3 in August.

Commentary -

• Pound recovered from major slump from critical support level, riding on weaker Dollar over missed NFP report, however Pound might face offers going ahead.. Active call - Sell Pound targeting 1.44 area with stop loss around 1.58 area.

USD/JPY -                      

Trading at 119

Trend meter -

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

Support -

• Long term - 113.7-112.9, Medium term - 116-115, Short term - 118.6

Resistance -

• Long term - 130, Medium term - 126, Short term - 121.7, Immediate - 120.5

Economic release today -

• NIL

Commentary -

• Yen has broken the congestion to the downside for the pair USD/JPY. If closes outside triangular range further appreciation likely. Active call - Sell USD/JPY targeting 114.7 area with stop loss around 122.

USD/CHF -                                                                                         

Trading at 0.967

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

Resistance -

• Long term - 1.174, Medium term - 1.025-1.02, Short term - 0.984-0.987

Economic release today -

• NIL

Commentary -

• Franc is benefiting from both weaker Dollar and safe haven flow over growth concern.. Active Call - Buy USD/CHF with target around 1.03 area and stop around 0.95 area.