It’s time for another edition of the Support and Resistance Level Report. I’m Imogen Comrie and here’s how our in-house model tests out this Wednesday. Euro/Dollar saw a strong drop yesterday in light of disappointing Euro zone inflation data, and it now has R1 of 1 2630 and S1 of 1 2570. R2 leads in resistance with 6 studies, and R3 counts a 20 day moving average among its 5 confirmations. R1 is backed up by Bollinger Upper Band and two other models. S1 has found 8 matches, including Price Channel Indicator Lower Line and a 2 year low, and S2 is a psychological level with 2 studies. The lowest support line sees a single confirmation. The Cable has moved South as well, and it is currently trading in the range limited by R1 of 1 6210 and S1 of 1 6170. The lower two resistance lines see 4 confirmations each, including a 20 day moving average for R2. R3 counts Bollinger Upper Band among its 2 studies. S1 is confirmed by Price Channel Indicator Lower Line, a 6 month low and 3 other models, and the second support line has found 2 matches. S3 counts a psychological level as its only confirmation. Dollar/Yen is testing new heights as it now stands below R1 of 110 and above S1 of 109 70. Standing at the important psychological level of 110, R1 sees 3 confirmations. R2 is Bollinger Upper Band with 2 studies, and the highest resistance line has found a single match. S1 is well confirmed with 12 models, including Price Channel Indicator Lower Line and a former 4 year high, and the second line is supported by 9 studies. A 20 day moving average is among the 2 matches for S3. Last up is the Dollar/Swiss Franc, and its yesterday’s rise puts it between R1 of 0 96 an S1 of 0 9530. R1 is backed up by Price Channel Indicator Upper Line, a 12 month high and 5 other models, and R3 is a 2 year high with 2 confirmations. The second line has found a single match. S2 is a psychological level with 9 studies, and a 20 day moving average is among the 7 confirmations for S3. S1 is Bollinger Upper Band with 4 models. You’ve been watching the Support and Resistance Level Report for Wednesday. Check back in tomorrow when the next report will be available. Goodbye.
It’s time for another edition of the Support and Resistance Level Report. I’m Imogen Comrie and here’s how our in-house model tests out this Wednesday.
Euro/Dollar saw a strong drop yesterday in light of disappointing Euro zone inflation data, and it now has R1 of 1 2630 and S1 of 1 2570.
R2 leads in resistance with 6 studies, and R3 counts a 20 day moving average among its 5 confirmations. R1 is backed up by Bollinger Upper Band and two other models. S1 has found 8 matches, including Price Channel Indicator Lower Line and a 2 year low, and S2 is a psychological level with 2 studies. The lowest support line sees a single confirmation.
The Cable has moved South as well, and it is currently trading in the range limited by R1 of 1 6210 and S1 of 1 6170.
The lower two resistance lines see 4 confirmations each, including a 20 day moving average for R2. R3 counts Bollinger Upper Band among its 2 studies. S1 is confirmed by Price Channel Indicator Lower Line, a 6 month low and 3 other models, and the second support line has found 2 matches. S3 counts a psychological level as its only confirmation.
Dollar/Yen is testing new heights as it now stands below R1 of 110 and above S1 of 109 70.
Standing at the important psychological level of 110, R1 sees 3 confirmations. R2 is Bollinger Upper Band with 2 studies, and the highest resistance line has found a single match. S1 is well confirmed with 12 models, including Price Channel Indicator Lower Line and a former 4 year high, and the second line is supported by 9 studies. A 20 day moving average is among the 2 matches for S3.
Last up is the Dollar/Swiss Franc, and its yesterday’s rise puts it between R1 of 0 96 an S1 of 0 9530.
R1 is backed up by Price Channel Indicator Upper Line, a 12 month high and 5 other models, and R3 is a 2 year high with 2 confirmations. The second line has found a single match. S2 is a psychological level with 9 studies, and a 20 day moving average is among the 7 confirmations for S3. S1 is Bollinger Upper Band with 4 models.
You’ve been watching the Support and Resistance Level Report for Wednesday. Check back in tomorrow when the next report will be available. Goodbye.
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