Currency snapshot (major pairs)

Dollar index trading at 94.81 (-0.06%).

Strength meter (today so far) - Euro +0.25%, Franc +0.40%, Yen +0.23%, GBP -0.81%

Strength meter (since last week) - Euro +0.25%, Franc +0.16%, Yen +0.37%, GBP -0.63%

EUR/USD -

Trading at 1.138

Trend meter -

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

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 - 1.145

Economic release today -

• NIL.

Commentary -

• Euro is hovering above 1.132 resistance area, further rise towards 1.157 is likely. Next target is around 1.145.

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 - 1.55

Economic release today -

• UK economy moved to deflation as CPI fell -0.1% m/m and yearly basis.

Commentary -

• Bank of England (BOE) rate hike bets fading in Pound as economy moved to deflation. Active call - Sell Pound targeting 1.44 area with stop loss around 1.58 area.

USD/JPY -                      

Trading at 119.8

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 -

• Consumer confidence dropped to 40.6 in September.

Commentary -

• Yen regained some ground further as equities dropped.. Active call - Sell USD/JPY targeting 114.7 area with stop loss around 122.

USD/CHF -                                                                                         

Trading at 0.959

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, Immediate -0.95

Resistance -

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

Economic release today -

• Producer price index dropped -0.1% in September, down -6.4% from a year ago.

Commentary -

• Franc is gaining over safe haven bids as Chinese imports slows further. Active Call - Buy USD/CHF with target around 1.03 area and stop around 0.95 area.