Currency snapshot (major pairs)

Dollar index trading at 94.45 (+0.58%).

Strength meter (today so far) - Euro -0.70%, Franc -0.11%, Yen +0.31%, GBP -0.03%

Strength meter (since last week) - Euro +0.36%, Franc +1.06%, Yen +1.46%, GBP +1.08%

EUR/USD -

Trading at 1.139

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 gained over weaker retail sales in US, further rise towards 1.157 is likely. Next target is around 1.145.

GBP/USD -

Trading at 1.547

Trend meter -

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

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 -

• Pound is tested 1.55 area today. Active call - Sell Pound targeting 1.44 area with stop loss around 1.58 area. In the near term Pound is likely to rise towards 1.55 and 1.56 with support around 1.52 area.

USD/JPY -                      

Trading at 118.5

Trend meter -

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

Support -

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

Resistance -

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

Economic release today -

• Industrial production dropped by -1.2% in August from July.

Commentary -

• Yen turned out to be the best performer this week so far, due to rapid short squeeze in Yen. Active call - Sell USD/JPY targeting 114.7 area with stop loss around 122.

USD/CHF -                                                                                         

Trading at 0.951

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 testing support in the area of 0.95. Weak Dollar is pushing the pair lower.