23.05.2017 – Support and Resistance by Dukascopy
May 23, 2017 7:16 amVideo
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Good morning traders, let’s see where the Support and Resistance levels stand this Tuesday morning.
Euro/Dollar is trading in the range limited by R1 of 1 1260 and S1 of 1 1210.
Price Channel Indicator Upper Line is among the 2 studies for R1, and the upper two resistance lines also have found 2 matches each, including a 6 month high for R2 and a psychological level for R3. S2 leads in support with 7 models, while S1 sees 5 confirmations. S3 is a 20 day moving average with 4 technicals.
The Cable has the closest levels of 1 30 in resistance and 1 2960 in support.
R1 counts a psychological level among its 6 confirmations, and Price Channel Indicator Upper Line is among the 3 studies for R2. The highest resistance line has found a single match. Standing at a former 6 month high, S1 sees 10 confirmations, and S2 is a 20 day moving average with 6 studies. Bollinger Lower Band is among the 2 models for S3.
Dollar/Yen finds itself below R1 of 111 20 and above S1 of 110 90.
Standing near a 50 day moving average, R2 sees 9 confirmations. R1 has found 7 matches, and R3 is a 150 day moving average with 4 models. S1 leads in support with 3 studies, while the other two lines see 2 confirmations each. S2 is Bollinger Lower Band, and S3 is Price Channel Indicator Lower Line.
And Dollar/Swiss Franc stands between R1 of 0 9750 and above S1 of 0 9720.
R2 leads in resistance with 7 models, and R3 is a 20 day moving average with 3 technicals. The lowest resistance line has found 2 confirmations. Bollinger Lower Bad is among the 6 studies for S1, and S2 counts Price Channel Indicator Lower Line among its 3 models. S3 is a psychological level with 2 technicals.
I’m Jack Everitt and that’s how our in-house model tests out today. Check back in tomorrow for the next overview.
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