Dollar index trading at 89.65 (+0.52%)
Strength meter (today so far) – Euro -0.47%, Franc -0.60%, Yen -0.40%, GBP +0.13%
Strength meter (since last week) – Euro -0.42%, Franc -1.19%, Yen -0.99%, GBP -0.06%
EUR/USD –
Trading at 1.234
Trend meter –
- Long term – Buy, Medium term – Buy, Short term – Buy
Support
- Long term – 1.18, Medium term – 1.2, Short term – 1.22
Resistance –
- Long term – 1.25, Medium term – 1.25, Short term – 1.25
Economic release today –
- Zew survey economic sentiment declines to 29.3 in February.
Commentary –
- The euro is down this week as the dollar recovers. Active call – target reached1.25
GBP/USD –
Trading at 1.4
Trend meter –
- Long term – Sell, Medium term – Buy, Short term – Buy
Support –
- Long term – 1.35, Medium term – 1.385, Short term – 1.385
Resistance –
- Long term – 1.50 Medium term – 1.485, Short term – 1.435
Economic release today –
- NIL
Commentary –
- The pound is the best performer of the week but down against the dollar. Active call- short term sell targeting 1.375
USD/JPY –
Trading at 107.2
Trend meter -
- Long term – Sell, Medium term – sell, Short term – Range/Sell
Support –
- Long term – 101, Medium term – 104.2, Short term – 106
Resistance –
- Long term – 112, Medium term – 110, Short term – 109
Economic release today –
- NIL
Commentary –
- The yen is down this week as equities recover after selloff. Active call – Buy yen targeting 101
USD/CHF –
Trading at 0.935
Trend meter –
- Long term – Buy, Medium term – Range/sell, Short term – Range/Sell
Support –
- Long term – 0.90, Medium term – 0.92, Short term – 0.92
Resistance –
- Long term – 1.03, Medium term – 0.98, Short term – 0.95
Economic release today –
- January trade balance came at 1.324 billion.
Commentary –
- Franc is the worst performer of the week.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest