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Currency snapshot (major pairs)

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.

 

 

  • Market Data
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