Dollar index trading at 89.63 (-0.21%)
Strength meter (today so far) – Euro +0.06%, Franc -0.19%, Yen +0.18%, GBP +0.27%
Strength meter (since last week) – Euro +0.39%, Franc +0.32%, Yen +0.82%, GBP +1.58%
EUR/USD –
Trading at 1.233
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 –
- NIL
Commentary –
- The euro recovered from earlier loss and now up for the week so far as dollar declines over trade tensions.
GBP/USD –
Trading at 1.415
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 –
- NIL
Commentary –
- The pound is the best performer of the week on hope of an agreement with EU and as unemployment report was better than anticipated. Active call- short term sell targeting 1.375 (target reached); extended to 1.354
USD/JPY –
Trading at 105.2
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 rose sharply riding on risk aversion over trade tensions. Active call – Buy yen targeting 101
USD/CHF –
Trading at 0.948
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 up in line with the euro this week.
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