20.02.2017 – Support and Resistance by Dukascopy
February 20, 2017 8:53 amVideo
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It’s a new trading week, and the Dukascopy TV team is here with another Support and Resistance Level Report.
First up is the Euro/Dollar, which has the closest levels of 1 0630 in resistance and 1 06 in support.
The lowest resistance line sees 7 confirmations, and R2 is a 20 day moving average with 6 studies. R3 is backed up by Bollinger Upper Band, Price Channel Indicator Upper Line and 3 other models. Standing at a 50 day moving average, S1 sees 8 confirmations. Bollinger Lower Band is among the 6 studies for S2, and S3 counts Price Channel Indicator Lower Line among its 3 models.
The Cable is trading in the range limited by R1 of 1 2460 and S1 of 1 24.
Standing at a 20 day moving average, R2 has found 10 matches. The lowest resistance line sees 8 confirmations, whereas R3 is backed up by Bollinger Upper Band, a 150 day moving average and another model. S1 leads in support with 4 studies, including Bollinger Lower Band and a 100 day moving average, and S3 is a psychological level with 4 models. Price Channel Indicator Lower Line is among the 2 matches for S2.
Dollar/Yen finds itself below R1 of 113 30 and above S1 of 112 90.
R1 is a 20 day moving average with 6 studies, and R2 is confirmed by Bollinger Upper Band, a psychological level and 2 other models. Price Channel Indicator Upper Line is among the 2 matches for R3. S2 is supported by Price Channel Indicator Lower Line, Bollinger Lower Band and another model, and the other two lines see 2 confirmations each, including a psychological level for S3.
And Dollar/Swiss Franc stands between R1 of 1 0050 and S1 of 1 0010.
The lowest resistance line has found 9 matches, and Bollinger Upper Band is among the 6 studies for R2. R3 is Price Channel Indicator Upper Line with 3 confirmations. S1 is supported by a 100 day moving average, a psychological level and 6 other models. S2 is a 150 day moving average with 4 confirmations, and Bollinger Lower Band is among the 2 studies for S3.
I’m Jessica Walker and that’s how our in-house model tests out this Monday morning. Stay with us throughout your trading week.
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