It’s a new trading week, and the Dukascopy TV team is here with another Support and Resistance Level Report.
Euro/Dollar has opened higher, and it now has R1 of 1 0860 and S1 of 1 0820.
Bollinger Upper Band is among the 5 studies for R1, and R2 counts a psychological level among its 2 models. R3 counts a 6 month high as its only match. S2 is well confirmed with 12 models, including a 150 day moving average, and Price Channel Indicator Upper Line is among the 6 studies for S1. S3 is backed up by Price Channel Indicator Lower Line, a psychological level and 3 other models.
The Cable is trading in the range limited by R1 of 1 2540 and S1 of 1 2490.
Bollinger Upper Band is among the 5 models for R1, and R2 is Price Channel Indicator Upper Line with 3 studies. The highest resistance line has found a single match. S1 counts a psychological level among its 9 studies, and S2 is a 100 day moving average with 4 matches. A 20 day moving average is among the 2 models for S3.
Dollar/Yen has the closest levels of 110 60 in resistance and 110 in support.
The upper two resistance lines have found 7 matches each, including a 20 day moving average for R3. R1 has found 2 matches. S1 is backed up by a 150 day moving average, a psychological level and another model. S2 sees a single confirmation, and a psychological level is the only match for S3.
And Dollar/Swiss Franc finds itself below R1 of 0 9910 and above S1 of 0 9870.
R2 is a 150 day moving average with 8 models, and the lowest resistance line sees 5 confirmations. R3 is a 100 day moving average with 4 matches. Price Channel Indicator Lower Line is among the 7 models for S1, and the lower two support lines see a single confirmation each, including a 6 month low for S3.
Well, that’s how our in-house model tests out this Monday morning. I’m Jack Everitt and the trading week is just getting started, so stay with us.

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