Currency snapshot (major pairs)

Dollar index trading at 94.59 (+0.17%).

Strength meter (today so far) - Euro +0.05%, Franc -0.05%, Yen -0.09%, GBP -0.20%

Strength meter (since last week) - Euro +0.16%, Franc +0.90%, Yen +0.82%, GBP +0.87%

EUR/USD -

Trading at 1.137

Trend meter -

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

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 -

• Euro zone inflation came at -0.1% for September.

Commentary -

• Euro is down towards its support of 1.134 area, a break of which is likely to lead the pair towards 1.11 area.

GBP/USD -

Trading at 1.544

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 dropped against Dollar, failing to clear 1.55 resistance area. 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 119.2

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 lost ground since yesterday as inflation was higher than expected in US and equities recover. Active call - Sell USD/JPY targeting 114.7 area with stop loss around 122.

USD/CHF -                                                                                         

Trading at 0.952

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 the best performing major this week so far.