Dollar index trading at 89.84 (+0.14%)
Strength meter (today so far) – Euro -0.15%, Franc -0.14%, Yen +0.13%, GBP +0.34%
Strength meter (since last week) – Euro -0.66%, Franc -1.11%, Yen -053%, GBP -0.12%
EUR/USD –
Trading at 1.231
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 –
- Consumer price inflation at 1.3 percent y/y in January. Core inflation up 1 percent y/y.
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, recovered from earlier loss. Active call- short term sell targeting 1.375
USD/JPY –
Trading at 106.7
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 recovering as the dollar weakens again. Active call – Buy yen targeting 101
USD/CHF –
Trading at 0.934
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 –
- NIL
Commentary –
- Franc is still the worst performer of the week.
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