Currency snapshot (major pairs)

Dollar index trading at 95. 43 (-0.03%).

Strength meter (today so far) - Euro -0.10%, Franc -0.36%, Yen +0.20%, GBP +0.31%

Strength meter (since last week) - Euro +0.46%, Franc +0.02%, Yen +0.06%, GBP +0.91%

EUR/USD -

Trading at 1.125

Trend meter -

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

Support

• Long term - 1.048-1.036, Medium term - 1.065-1.06, Short term - 1.08-1.085, Immediate - 1.109

Resistance -

• Long term - 1.175-1.18, Medium term - 1.15, Short term - 1.132

Economic release today -

• NIL.

Commentary -

• Euro is struggling to break free of 1.132 resistance area, trading in tight consolidation/

GBP/USD -

Trading at 1.532

Trend meter -

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

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 - 1.572, Immediate - 1.524-1.526

Economic release today -

• Industrial production rose by 1% and manufacturing production by 0.5% in August from July.

Commentary -

• Pound is the best performer this week so far, rising from key support area of 1.512-1.518. Active call - Sell Pound targeting 1.44 area with stop loss around 1.58 area.

USD/JPY -                      

Trading at 119.9

Trend meter -

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

Support -

• Long term - 113.7-112.9, Medium term - 116-115, Short term - 118.6

Resistance -

• Long term - 130, Medium term - 126, Short term - 121.7, Immediate - 120.5

Economic release today -

• BOJ kept policy steady, next meet on October 30^th.

Commentary -

• Yen is focused on BOJ monetary policy tomorrow. Active call - Sell USD/JPY targeting 114.7 area with stop loss around 122.

USD/CHF -                                                                                         

Trading at 0.971

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 -

• FX reserve rose to $542 billion.

Commentary -

• Franc is struggling to break free of 0.98 resistance area. Active Call - Buy USD/CHF with target around 1.03 area and stop around 0.95 area.