Good morning, traders, you’re watching the Dukascopy Support and Resistance Level Report for Friday, the 1st of September.
Euro/Dollar has been moving in waves, and it has the closest levels of 1 1920 in resistance and 1 1890 in support.
Bollinger Upper Band is among the 8 models for R2, while R3 is confirmed by Price Channel Indicator Upper Line, a 12 month high and 4 other studies. The lowest resistance line sees 4 confirmations. S2 is a 20 day moving average with 6 matches, and S1 sees 4 confirmations. S3 is supported by Price Channel Indicator Lower Line, Bollinger Lower Band and 2 other studies.
The Cable has also seen its ups and downs, and it currently stands below R1 of 1 2930 and above S1 of 1 29.
R1 is well confirmed with 12 studies, including a 20 day moving average. R3 has found 4 matches, including Price Channel Indicator Upper Line and a 6 month high, whereas R2 is a psychological level with 3 models. S2 leads in support with 7 studies, including Bollinger Lower Band and Price Channel Indicator Lower Line, and S1 is a 100 day moving average with 6 matches. A 150 day moving average is the only model for S3.
Dollar/Yen lost some ground yesterday, and it now finds itself between R1 of 110 30 and S1 of 110.
R2 is backed up by Bollinger Upper Band, Price Channel Indicator Upper Line, a 100 day moving average and 3 other studies, while the lowest resistance line sees 4 confirmations. R3 is a 150 day moving average with 2 models. S2 counts a 20 day moving average among its 9 studies, and S3 is Bollinger Lower Band with 4 models. A psychological level is among the 3 technicals for S1.
And Dollar/Swiss Franc is down as well, trading in the range limited by R1 of 0 9620 and S1 of 0 9580.
Standing at a 20 day moving average, R2 is well confirmed with 12 studies. R1 counts a 50 day moving average among its 5 matches, while R3 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band and 3 other models. Bollinger Lower Band is among the 7 studies for S2. S3 is confirmed by Price Channel Indicator Lower Line, a 2 year low and 4 other models, and the highest support line has found 2 matches.
And that’s how our in-house model tests out today. I’m Celeste Skinner and we’ll be back on Monday to cover the latest developments. See you then.

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