Dollar index trading at 94.31 (+0.18%)
Strength meter (today so far) – Euro +0.37%, Franc +0.00%, Yen +0.28%, GBP +0.27%
Strength meter (since last week) – Euro +0.37%, Franc +0.00%, Yen +0.28%, GBP +0.27%
EUR/USD –
Trading at 1.169
Trend meter –
- Long term – Buy, Medium term – Buy, Short term – Sell
Support
- Long term – 1.12, Medium term – 1.16, Short term – 1.16 (testing)
Resistance –
- Long term – 1.25, Medium term – 1.22, Short term – 1.2
Economic release today –
- NIL
Commentary –
- The euro is gaining further grounds against the dollar as ECB QE end nears. Active Call - Sell Euro at 1.218 with 1.17 as target; target revised lower to 1.14
GBP/USD –
Trading at 1.328
Trend meter –
- Long term – Sell, Medium term – Sell, Short term – Sell
Support –
- Long term – 1.24, Medium term – 1.27, Short term – 1.3
Resistance –
- Long term – 1.39 Medium term – 1.37, Short term – 1.35
Economic release today –
- NIL
Commentary –
- The pound is up this week on a weaker dollar. Active call- short term sell at 1.413 targeting 1.375 (target reached); extended to 1.354 (target reached); extended to 1.3
USD/JPY –
Trading at 109.6
Trend meter -
- Long term – Sell, Medium term – sell, Short term – Range/Buy
Support –
- Long term – 101, Medium term – 104.2, Short term – 106.2
Resistance –
- Long term – 111, Medium term – 111, Short term – 109 (broken)
Economic release today –
- NIL
Commentary –
- The yen is up on weak dollar and risk aversion.
USD/CHF –
Trading at 0.987
Trend meter –
- Long term – Buy, Medium term – Range/sell, Short term – Range/Buy
Support –
- Long term – 0.90, Medium term – 0.92, Short term – 0.95
Resistance –
- Long term – 1.03, Medium term – 1.00, Short term – 1.00
Economic release today –
- NIL
Commentary –
- Franc is flat this week, contrasting with euro amid risk aversion.