Dollar index trading at 90.08 (-0.19%)
Strength meter (today so far) – Euro +0.09%, Franc -0.16%, Yen -0.11%, GBP +0.75%
Strength meter (since last week) – Euro +0.09%, Franc -0.16%, Yen -0.11%, GBP +0.75%
EUR/USD –
Trading at 1.23
Trend meter –
- Long term – Buy, Medium term – Buy, Short term – Sell
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 –
- January trade balance came at €19.9 billion.
Commentary –
- The euro started the week on a positive note.
GBP/USD –
Trading at 1.403
Trend meter –
- Long term – Sell, Medium term – Buy, Short term – Sell
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 –
- Right move house price index rose 1.5 percent in January, up 2.1 percent from a year ago.
Commentary –
- The pound is the best performer of the day on hope of an agreement. Active call- short term sell targeting 1.375 (target reached); extended to 1.354
USD/JPY –
Trading at 106.1
Trend meter -
- Long term – Sell, Medium term – sell, Short term – Range/Sell
Support –
- Long term – 101, Medium term – 104.2, Short term – 106 (testing)
Resistance –
- Long term – 112, Medium term – 110, Short term – 109
Economic release today –
- NIL
Commentary –
- The yen is down today due to lack of risk aversion. Active call – Buy yen targeting 101
USD/CHF –
Trading at 0.952
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 (testing)
Economic release today –
- NIL
Commentary –
- Franc is down today, contrasting with the euro.
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