I’m Monica Gibson and this is the Support and Resistance Level Report. Let’s take a look at how our in-house model tests out on this first day of the trading week. First up is the Euro/Dollar, which has R1 of 1 3170 and S1 of 1 3120. R1 leads in resistance with 8 confirmations and a 5 day moving average is among them. R2 follows with 5 matches and it’s confirmed by a 20 day moving average. R3 is near price channel indicator upper line, monthly high and a 50 day moving average. S1 is well confirmed with 9 matches, including a 6 month low, price channel indicator lower line and Bollinger lower band. A 12 month low is one of the 3 matches for S2. S3 sees 2 confirmations and it’s a psychological level. The Cable stands quite a stretch below R1 of 1 6690 and it’s just slightly above S1 of 1 66. All three resistance lines are confirmed by 2 alternative studies. The first line is a 20 day moving average, R2 is a 150 day moving average and R3 is backed up by a 50 day moving average and Bollinger upper band. S1 has a 10 day moving average among its 13 matches. S2 follows with 7 confirmations and it’s near price channel indicator lower line. S3 is a psychological level with a total of 2 matches. Dollar/Yen has been moving North and it now has R1 of 104 40 and S1 of 104. R1 is confirmed by Bollinger upper band, price channel indicator upper line and 6 more models. R3 is a 4 year high with a total of 4 matches and R2 is a psychological level, which has a total of 2 confirmations. S1 leads in support with 15 matches and it’s followed closely by S2, which is near 14 alternative studies. The first line is a 5 day moving average and s2 is a 10 day moving average. A 20 day moving average is among the 3 confirmations for S3. And the last pair for this report is Dollar/Swissie, which trades between R 1 of 0 9210 and S1 of 0 9180. R1 is the most confirmed resistance level with 3 matches. R2 is a 12 month high and R3 is a psychological level. A 10 day moving average is one of the 14 matches for S2. S1 follows with 10 confirmations and it’s backed up by price channel indicator upper line and Bollinger upper band. A 20 day moving average is one of the 8 matches for S3. That wraps up Monday’s Support and Resistance Level Report. We’ll be returning tomorrow with yet another review of the key price levels. Goodbye.
I’m Monica Gibson and this is the Support and Resistance Level Report. Let’s take a look at how our in-house model tests out on this first day of the trading week.
First up is the Euro/Dollar, which has R1 of 1 3170 and S1 of 1 3120.
R1 leads in resistance with 8 confirmations and a 5 day moving average is among them. R2 follows with 5 matches and it’s confirmed by a 20 day moving average. R3 is near price channel indicator upper line, monthly high and a 50 day moving average. S1 is well confirmed with 9 matches, including a 6 month low, price channel indicator lower line and Bollinger lower band. A 12 month low is one of the 3 matches for S2. S3 sees 2 confirmations and it’s a psychological level.
The Cable stands quite a stretch below R1 of 1 6690 and it’s just slightly above S1 of 1 66.
All three resistance lines are confirmed by 2 alternative studies. The first line is a 20 day moving average, R2 is a 150 day moving average and R3 is backed up by a 50 day moving average and Bollinger upper band. S1 has a 10 day moving average among its 13 matches. S2 follows with 7 confirmations and it’s near price channel indicator lower line. S3 is a psychological level with a total of 2 matches.
Dollar/Yen has been moving North and it now has R1 of 104 40 and S1 of 104.
R1 is confirmed by Bollinger upper band, price channel indicator upper line and 6 more models. R3 is a 4 year high with a total of 4 matches and R2 is a psychological level, which has a total of 2 confirmations. S1 leads in support with 15 matches and it’s followed closely by S2, which is near 14 alternative studies. The first line is a 5 day moving average and s2 is a 10 day moving average. A 20 day moving average is among the 3 confirmations for S3.
And the last pair for this report is Dollar/Swissie, which trades between R 1 of 0 9210 and S1 of 0 9180.
R1 is the most confirmed resistance level with 3 matches. R2 is a 12 month high and R3 is a psychological level. A 10 day moving average is one of the 14 matches for S2. S1 follows with 10 confirmations and it’s backed up by price channel indicator upper line and Bollinger upper band. A 20 day moving average is one of the 8 matches for S3.
That wraps up Monday’s Support and Resistance Level Report. We’ll be returning tomorrow with yet another review of the key price levels. Goodbye.
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