23.02.2016 – Support and Resistance by Dukascopy
February 23, 2016 7:53 amVideo
Latest News
- Video market update for May 27, 2024 May 27, 2024
- Analysis of GBP/USD pair on May 27, 2024 May 27, 2024
- Euro area inflation unlikely to change ECB’s outlook – Preview May 27, 2024
- EUR/USD. Analysis of the upcoming inflation report in the European Union. What to expect? May 27, 2024
- USD/JPY: Simple trading tips for novice traders on May 27th (US session) May 27, 2024
- GBP/USD: Simple trading tips for novice traders on May 27th (US session) May 27, 2024
- EUR/USD: Simple trading tips for novice traders on May 27th (US session) May 27, 2024
- GBP/USD: trading plan for the US session on May 27th (analysis of morning deals). The pound reached 1.2756 May 27, 2024
- Technical Analysis – Will gold resume its prevailing uptrend? May 27, 2024
- Technical Analysis – USDCAD pulls back but diagonal line still stands May 27, 2024
- Technical Analysis – USDJPY remains stuck in a tight range May 27, 2024
- EUR/USD: trading plan for the US session on May 27th (analysis of morning deals). The euro is trying to continue its growth May 27, 2024
- Forecast of EUR/USD pair on May 27, 2024 May 27, 2024
- Forecast of GBP/USD pair on May 27, 2024 May 27, 2024
- Weekly forecast based on simplified wave analysis for GBP/USD, AUD/USD, USD/CHF, EUR/JPY, #Ethereum, and US dollar index May 27, 2024
- Weekly forecast based on simplified wave analysis for EUR/USD, USD/JPY, GBP/JPY, USD/CAD, NZD/USD, and Gold on May 27th May 27, 2024
- Technical Analysis of Intraday Price Movement of EUR/USD Main Currency Pairs, Monday May 27 2024. May 27, 2024
- Technical Analysis of Intraday Price Movement of Crude Oil Commodity Currency Pairs, Monday May 27 2024. May 27, 2024
- Weekly Technical Outlook: 27/05/2024 – USDJPY, EURUSD, AUDUSD May 27, 2024
- Forex forecast 05/27/2024: EUR/USD, GBP/USD, USD/JPY, USD/CAD and Bitcoin from Sebastian Seliga May 27, 2024
The last 24 hours have brought some notable movements in the markets, so let’s see where the support and resistance levels stand this Tuesday.
Euro/Dollar has seen a decline and is now trading between R1 of 1 1060 and S1 of 1 1020.
Standing at a 20 day moving average, R2 sees 5 confirmations, whereas R1 is a 3 month high with 4 matches. R3 is backed up by Price Channel Indicator Upper Line and Bollinger Upper Band. S2 counts a 100 day moving average among its 4 models. S3 is supported by Price Channel Indicator Lower Line, Bollinger Lower Band and another study, while the highest line counts a 150 day moving average among its 2 models.
Pound/Dollar is down as well, and it stands within the range limited by R1 of 1 4170 and S1 of 1 4080.
R2 is a 20 day moving average with 3 models, and the lowest resistance line has found 2 matches. A psychological level is the only study for R3. Standing at a 4 year low, S1 sees 6 confirmations, and the other two support lines have found a single match each; moreover, they both are psychological levels.
Dollar/Yen is another pair which has seen a drop, and it now has R1 of 112 50 and S1 of 112 20.
R3 is backed up by a 20 day moving average, a former 12 month low and 4 other models. The lowest resistance line sees 5 confirmations, and R2 is a psychological level with 2 matches. S1 leads in support with 4 models, and S2 counts Price Channel Indicator Lower Line among its 2 studies. The lowest support line is a psychological level with 2 matches.
And last up is the Dollar/Swiss Franc, which stands below R1 of 1 and S1 of 0 9940.
R3 counts Price Channel Indicator Upper Line among its 3 models, and R1 is a major psychological level with 2 matches. The second line sees a single confirmation. Standing at a 100 day moving average, S1 sees 6 confirmations. S2 is a 150 day moving average with 5 matches, and Price Channel Indicator Lower Line is the only model for S3.
I’m Sam Meredith and that’s how our in-house model tests out today. Check back in tomorrow for the next overview of the key price levels. Goodbye.
You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#177685
Смотрите Dukascopy TV на вашем языке: http://www.youtube.com/user/dukascopytvrussian
用您的语言观看杜高斯贝电视: http://www.youtube.com/user/dukascopytvchinese
Miren Dukascopy TV en su idioma: http://www.youtube.com/user/dukascopytvspanish
Schauen Sie Dukascopy TV in Ihrer Sprache: http://www.youtube.com/user/dukascopytvgerman
Regardez la Dukascopy TV dans votre langue: http://www.youtube.com/user/dukascopytvfrench
Veja a TV Dukascopy na sua língua: http://www.youtube.com/user/dukascopytvpt
Dukascopy TV is a free educational project producing daily updates on global markets, visit http://Dukascopy.com/tv for more
Related Posts: