It’s time for this week’s last Support and Resistance Level Report. Here’s how our in-house model tests out this Friday. First up is the Euro/Dollar, which stands between R1 of 1 0610 and S1 of 1 0570. R1 is well confirmed with 14 models, including a 50 day moving average, and R2 counts a 20 day moving average among its 5 studies. R3 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band and another model. S1 leads in support with 14 matches, and S3 is a 4 year low with 6 confirmations. Bollinger Lower Band is among the 4 studies for S2. The Cable has seen a rise, which leaves it below R1 of 1 26 and above S1 of 1 2530. The lower two resistance lines have found 2 matches each, including Bollinger Upper Band for R1 and a 150 day moving average for R2, while Price Channel Indicator Upper Line is the only model for R3. S2 is supported by a 20 day moving average, a psychological level and 5 other studies. S3 is backed up by Bollinger Lower Band, a 100 day moving average and 3 other models, and the highest support line sees 3 confirmations. Dollar/Yen has the closest levels of 113 10 in resistance and 112 60 in support. R1 counts a 20 day moving average among its 8 studies. R2 is backed up by Bollinger Upper Band, a 50 day moving average and another model, and Price Channel Indicator Upper Line is among the 2 matches for R3. S2 is backed up by a 100 day moving average, Price Channel Indicator Lower Line, Bollinger Lower Band and another model, and the other two support lines see 2 confirmations each. S3 is a psychological level. And Dollar/Swiss Franc has inched lower, as it now has R1 of 1 0080 and S1 of 1 0040. R1 leads in resistance with 11 models, including a 50 day moving average, and Price Channel Indicator Upper Line is among the 2 studies for R2. The highest resistance line sees a single confirmation. S1 is well supported by 13 models, including a 100 day moving average. S2 is backed up by a 20 day moving average, a major psychological level and 3 other studies, and S3 is a 150 day moving average with 2 matches. You’ve been watching the Support and Resistance Level Report with me, Jessica Walker. We’ll be back on Monday, but until then, goodbye.
It’s time for this week’s last Support and Resistance Level Report. Here’s how our in-house model tests out this Friday.
First up is the Euro/Dollar, which stands between R1 of 1 0610 and S1 of 1 0570.
R1 is well confirmed with 14 models, including a 50 day moving average, and R2 counts a 20 day moving average among its 5 studies. R3 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band and another model. S1 leads in support with 14 matches, and S3 is a 4 year low with 6 confirmations. Bollinger Lower Band is among the 4 studies for S2.
The Cable has seen a rise, which leaves it below R1 of 1 26 and above S1 of 1 2530.
The lower two resistance lines have found 2 matches each, including Bollinger Upper Band for R1 and a 150 day moving average for R2, while Price Channel Indicator Upper Line is the only model for R3. S2 is supported by a 20 day moving average, a psychological level and 5 other studies. S3 is backed up by Bollinger Lower Band, a 100 day moving average and 3 other models, and the highest support line sees 3 confirmations.
Dollar/Yen has the closest levels of 113 10 in resistance and 112 60 in support.
R1 counts a 20 day moving average among its 8 studies. R2 is backed up by Bollinger Upper Band, a 50 day moving average and another model, and Price Channel Indicator Upper Line is among the 2 matches for R3. S2 is backed up by a 100 day moving average, Price Channel Indicator Lower Line, Bollinger Lower Band and another model, and the other two support lines see 2 confirmations each. S3 is a psychological level.
And Dollar/Swiss Franc has inched lower, as it now has R1 of 1 0080 and S1 of 1 0040.
R1 leads in resistance with 11 models, including a 50 day moving average, and Price Channel Indicator Upper Line is among the 2 studies for R2. The highest resistance line sees a single confirmation. S1 is well supported by 13 models, including a 100 day moving average. S2 is backed up by a 20 day moving average, a major psychological level and 3 other studies, and S3 is a 150 day moving average with 2 matches.
You’ve been watching the Support and Resistance Level Report with me, Jessica Walker. We’ll be back on Monday, but until then, goodbye.
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