It’s time for this week’s last Support and Resistance Level Report. Here’s how our in-house model tests out today.
Euro/Dollar has been trending North, and it now stands below R1 of 1 0690 and above S1 of 1 0650.
R1 counts a 20 day moving average among its 10 models. R2 is backed up by Bollinger Upper Band, Price Channel Indicator Upper Line and 2 other studies, and R3 is a 150 day moving average with 2 matches. S1 leads in support with 7 models, and S2 is a 50 day moving average with 7 studies. Price Channel Indicator Lower Line is among the 2 matches for S3.
The Cable has the closest levels of 1 2520 in resistance and 1 2490 in support.
Standing at a 20 day moving average, R1 is well confirmed with 11 models. R3 counts a 150 day moving average among its 3 matches, and Bollinger Upper Band is the only study for R2. Standing near a psychological level, S1 sees 12 confirmations, and S2 is a 100 day moving average with 3 studies. Price Channel Indicator Lower Line is among the 2 models for S3.
Dollar/Yen has seen a decline, which leaves it between R1 of 113 50 and S1 of 113 10.
R1 counts a 20 day moving average among its 7 studies. R2 is backed up by a psychological level, a 50 day moving average, Bollinger Upper Band and another model, and Price Channel Indicator Upper Line is among the 2 matches for R3. S2 is supported by Bollinger Lower Band, Price Channel Indicator Lower Line and 4 other studies. S3 has found 3 matches, including a 100 day moving average, and the highest support line sees 2 confirmations.
And Dollar/Swiss Franc has slipped below a major psychological level, as it has R1 of 1 and S1 of 0 9970.
R1 counts a very important psychological level among its 7 studies, and Bollinger Upper Band is among the 6 models for R2. R3 is Price Channel Indicator Upper Line with 2 confirmations. Standing near a 20 day moving average, S1 has found 6 matches. S2 is a 150 day moving average with 4 studies, and Price Channel Indicator Lower Line is among the 3 models for S3.
I’m Celeste Skinner and this was the Support and Resistance Level Report for Friday. We’ll be back on Monday, but until then, goodbye.

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