26.04.2017 – Support and Resistance by Dukascopy
April 26, 2017 7:03 amVideo
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Good morning traders, you’re watching the Support and Resistance Level Report for Wednesday.
Euro/Dollar is now trading in the range limited by R1 of 1 0970 and S1 of 1 0920.
R2 is a psychological level with 3 models, and R3 counts a 6 month high among its 2 confirmations. The lowest resistance line has found a single match. Standing at a 150 day moving average, S3 sees 10 confirmations. S2 has found 6 matches, and the highest support line is backed up by 4 studies.
The Cable has the closest levels of 1 2850 in resistance and 1 2820 in support.
The lowest resistance line sees 5 confirmations, and Price Channel Indicator Upper Line is among the 2 studies for R2. A psychological level is the only match for R3. The upper two support lines see 8 confirmations each, and S3 is a 20 day moving average with 2 studies.
Dollar/Yen has been trending higher and now has R1 of 111 60 and S1 of 111 20.
R3 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band and another model. R2 is a 50 day moving average with 2 matches, and the lowest resistance line sees a single confirmation. S2 is supported by a 20 day moving average, a psychological level and 4 other studies. S3 has found 5 matches, including Price Channel Indicator Lower Line and Bollinger Lower Band, and S1 is a 150 day moving average with 3 models.
And Dollar/Swiss Franc finds itself between R1 of 0 9940 and S1 of 0 9910.
R1 leads in resistance with 7 models, and R2 is a major psychological level with 4 studies. R3 is a 100 day moving average with 3 matches. The upper two support lines see 4 confirmations each, including Price Channel Indicator Lower Line for S2, and a psychological level is the only model for S3.
I’m Celeste Skinner and that’s how our in-house model tests out today. Check back in tomorrow for the next overview.
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