• Currency snapshot (major pairs)

    Source: FxWire Pro - Commentary / 19 Jul 2018 11:02:01   America/New_York

    Dollar index trading at 95.40 (+0.33%)

    Strength meter (today so far) – Euro -0.27%, Franc -0.31%, Yen -0.11%, GBP -0.63%

    Strength meter (since last week) – Euro -0.60%, Franc -0.20%, Yen -0.52%, GBP -1.61%

    EUR/USD –

    Trading at 1.161

    Trend meter –

    • Long term – Buy, Medium term – Buy, Short term – Sell

    Support          

    • Long term – 1.12, Medium term – 1.145, Short term – 1.145

    Resistance –

    • Long term – 1.22, Medium term – 1.2, Short term – 1.18

    Economic release today –

    • NIL

          Commentary –

    • The euro is declining as the dollar recovers with a bang. Active Call - Sell Euro at 1.218 with 1.17 as target; target revised lower to 1.095

    GBP/USD –

    Trading at 1.3

    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 – 1.37 Medium term – 1.35, Short term – 1.33

    Economic release today –

    • Retail sales up 3 percent y/y in June, down from 4.5 percent a month ago.

    Commentary –

    • The pound is the worst performer of the week amid a strong dollar and Brexit concerns. 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 112.9

    Trend meter -

    • Long term – Sell, Medium term – sell, Short term – Range/Buy

    Support –

    • Long term – 104.2, Medium term – 106.2, Short term – 109.2

    Resistance –

    • Long term – 114, Medium term – 111, Short term – 111

    Economic release today –

    • NIL

    Commentary –

    • The yen is declining as the strong dollar and bullish equities weigh.

    USD/CHF –

    Trading at 1.002

    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 –

    • June trade balance came at 2.591 billion franc.  

    Commentary –

    • Franc is the best performer of the week but down against the dollar.

     

     

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