16.02.2017 – Support and Resistance by Dukascopy
February 16, 2017 8:29 amVideo
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Good morning traders, you’re watching the Dukascopy Support and Resistance Level Report for Thursday.
Euro/Dollar has recovered from its losses and now has R1 of 1 0630 and S1 of 1 06.
The lowest resistance line sees 8 confirmations, and R2 is a 20 day moving average with 5 matches. R3 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band and another model. Bollinger Lower Band is among the 8 studies for S2, and S1 is a 50 day moving average with 4 matches. Standing at a psychological level, S3 sees 2 confirmations.
The Cable is up as well, and it stands between R1 of 1 25 and S1 of 1 2460.
R1 is well confirmed with 14 models, including a psychological level and a 20 day moving average. R2 is backed up by Bollinger Upper Band, a 150 day moving average and 2 other studies, and Price Channel Indicator Upper Line is among the 2 models for R3. S1 leads in support with 10 studies, and S2 counts a 100 day moving average among its 4 matches. Bollinger Lower Band is among the 4 models for S3.
Dollar/Yen has inched lower and now finds itself below R1 of 113 90 and above S1 of 113 50.
R1 leads in resistance with 5 studies. R2 is backed up by a psychological level, a 50 day moving average and another model, and Price Channel Indicator Upper Line is the only match for R3. Standing near a 20 day moving average, S1 sees 5 confirmations, and the second line has found 4 matches. S3 is supported by Price Channel Indicator Lower Line, Bollinger Lower Band and another model.
And Dollar/Swiss Franc is trading in the range limited by R1 of 1 0050 and S1 of 1 0020.
R1 is the most confirmed resistance line with 9 models. R2 counts Bollinger Upper Band among its 4 matches, while R3 sees 3 confirmations, including Price Channel Indicator Upper Line and a 50 day moving average. Standing at a 100 day moving average, S1 has found 8 matches. S2 is supported by a psychological level, a 20 day moving average and 6 other studies, and S3 is a 150 day moving average with 5 models.
And that’s how our in-house model tests out this Thursday morning. I’m Jessica Walker and we’ll be back tomorrow with the next overview. See you then.
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