Dollar index trading at 99.12 (+0.61%).
Strength meter (today so far) - Euro -0.82%, Franc -0.80%, Yen +0.27%, GBP -0.12%
Strength meter (since last week) - Euro -0.15%, Franc -0.44%, Yen +0.17%, GBP +1.10%
EUR/USD trading at 1.072
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 - 1.06
Resistance
- Long term - 1.175-1.18, Medium term - 1.15, Short term - 1.11, immediate - 1.085 area
Economic release today
- Euro zone GDP grew 0.3% in third quarter.
Commentary
- Euro faced sharp sell-offs from 1.08 resistance area.Active call - Euro to drop towards parity.
GBP/USD trading at 1.521
Trend meter
- Long term - Buy, Medium term - Range/sell, Short term - Range/Sell
Support
- Long term - 1.425-1.417, Medium term - 1.497-1.49, Short term - 1.5
Resistance
- Long term - 1.592-1.616, Medium term - 1.585, Short term - 1.55, Immediate - 1.53
Economic release today
- UK RICS house price balance rose to 49 in October.
Commentary
- Pound is best performer this week so far. Upside target area reached. Active call - Sell Pound @1.54 targeting 1.44 area with stop loss around 1.58 area.
USD/JPY trading at 122.9
Trend meter
- Long term - Buy, Medium term - Range/Buy, Short term - Range/Buy
Support
- Long term - 113.7-112.9, Medium term - 116-115, Short term - 119.5
Resistance
- Long term - 130, Medium term - 126, Short term - 123.5
Economic release today
- NIL
Commentary
- Yen is consolidating around 123, trapped between stronger Dollar and Risk aversion, initially gaining on risk aversion today but gave up gains on strong Dollar. Active call - Buy USD/JPY @ 121.9 targeting 123.2, 125, 127, with stop loss around 120, 118.
USD/CHF trading at 1.009
Trend meter
- Long term - Buy, Medium term - Range, Short term - Range/Buy
Support
- Long term - 0.88, Medium term - 0.93, Short term - 0.95, Immediate -0.98
Resistance
- Long term - 1.174, Medium term - 1.025-1.02, Short term - 1.025
Economic release today
- NIL
Commentary
- Franc is the worst performer of the week so far. Further upside for the pair seems likely.


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