Currency snapshot (major pairs)

Dollar index trading at 96.15 (-0.09%).

Strength meter (today so far) - Euro +0.21%, Franc -0.30%, Yen -0.30%, GBP +0.78%

Strength meter (since last week) - Euro +0.21%, Franc -0.30%, Yen -0.30%, GBP +0.78%

EUR/USD -

Trading at 1.117

Trend meter -

• Long term - Buy, Medium term - Range, Short term - Range/Sell

Support

• Long term - 1.048-1.036, Medium term - 1.065-1.06, Short term - 1.08-1.085

Resistance -

• Long term - 1.175-1.18, Medium term - 1.14, Short term - 1.132, Immediate - 1.122

Economic release today -

• Sentix investor confidence dropped to 13.6 in August from 18.4 in July.

Commentary -

• Euro trading in low volatility today, as New York closed for holiday.

GBP/USD -

Trading at 1.528

Trend meter -

• Long term - Buy, Medium term - Range, Short term - Range/Sell

Support -

• Long term - 1.425-1.417, Medium term - 1.497-1.49, Short term - 1.518-1.512,

Resistance -

• Long term - 1.592-1.616, Medium term - 1.585, Short term - 1.543-1.545

Economic release today -

• BRC shop price index to be released at 23:00 GMT.

Commentary -

• Pound is best performer today. Active call - Sell Pound targeting 1.44 area with stop loss around 1.58 area.

USD/JPY -                      

Trading at 119.4

Trend meter -

• Long term - Buy, Medium term - Range/Buy, Short term - Range/Sell

Support -

• Long term - 113.7-112.9, Medium term - 115.7-115, Short term - 118

Resistance -

• Long term - 130, Medium term - 127.5, Short term - 124.5

Economic release today -

• NIL

Commentary -

• Yen is consolidating around 119 level. Active call - Sell USD/JPY targeting 114.7 area with stop loss around 122

USD/CHF -                                                                                         

Trading at 0.975

Trend meter -

• Long term - Buy, Medium term - Range, Short term - Range/Buy

Support -

• Long term - 0.88, Medium term - 0.90, Short term - 0.93

Resistance -

• Long term - 1.174, Medium term - 1.025-1.02, Short term - 0.984-0.987

Economic release today -

• Swiss FX reserve rose to 540 billion in August.

Commentary -

• Franc is the worst performer today as SNB keeps on selling Franc.