It’s time Support and Resistance Level Report. I’m Monica Gibson and here’s 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 trades between R1 of 1 2470 and S1 of 1 2370. The first resistance level is confirmed by a 20 day moving average and 11 more models. R2 is a psychological level with a total of 5 matches. Bollinger upper band is one of the 2 confirmations for R3. S1 leads in support with 10 matches, including Bollinger lower band, price channel indicator lower line and a 2 year low. S2 is a 4 year low and S3 is a psychological level. The Cable has been trending South and it now stands between R1 of 1 5680 and S1 of 1 5590. A 10 day moving average is one of the 10 matches for R1. R3 has found 3 confirmations and it’s backed up by a psychological level and Bollinger upper band. R2 posts 2 matches and it’s a 20 day moving average. A 10 month low and price channel indicator lower line both are among the 7 confirmations for S1. S2 is a Bollinger lower band and S3 is a psychological level. Dollar/Yen has been gaining ground and it’s just slightly below R1 of 119 and quite a stretch above S1 of 117 90. A 4 year high and price channel indicator upper line both are near the closest resistance level, which has 11 confirmations. R3 is a psychological level with a total of 2 matches. The second line is a Bollinger upper band. S1 leads in support with 11 matches, including a 10 day moving average. S2 follows with 2 confirmations and it’s a 20 day moving average. S3 is a psychological level. And last up for this report is the Dollar/Swissie, which has R1 of 0 9720 and S1 of 0 9640. R1 is confirmed by Bollinger upper band and 3 more studies. A psychological level is one of the 2 matches for R3. R2 is a 2 year high. S1 has found 10 matches and it’s a 20 day moving average. S2 and S3 both have 4 confirmations. The second line is a 50 day moving average and Bollinger lower band. S3 is confirmed by price channel indicator lower line. That concludes the Support and Resistance Level Report for Monday. We’ll be back tomorrow with yet another review of the key price levels. Goodbye.
It’s time Support and Resistance Level Report. I’m Monica Gibson and here’s 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 trades between R1 of 1 2470 and S1 of 1 2370.
The first resistance level is confirmed by a 20 day moving average and 11 more models. R2 is a psychological level with a total of 5 matches. Bollinger upper band is one of the 2 confirmations for R3. S1 leads in support with 10 matches, including Bollinger lower band, price channel indicator lower line and a 2 year low. S2 is a 4 year low and S3 is a psychological level.
The Cable has been trending South and it now stands between R1 of 1 5680 and S1 of 1 5590.
A 10 day moving average is one of the 10 matches for R1. R3 has found 3 confirmations and it’s backed up by a psychological level and Bollinger upper band. R2 posts 2 matches and it’s a 20 day moving average. A 10 month low and price channel indicator lower line both are among the 7 confirmations for S1. S2 is a Bollinger lower band and S3 is a psychological level.
Dollar/Yen has been gaining ground and it’s just slightly below R1 of 119 and quite a stretch above S1 of 117 90.
A 4 year high and price channel indicator upper line both are near the closest resistance level, which has 11 confirmations. R3 is a psychological level with a total of 2 matches. The second line is a Bollinger upper band. S1 leads in support with 11 matches, including a 10 day moving average. S2 follows with 2 confirmations and it’s a 20 day moving average. S3 is a psychological level.
And last up for this report is the Dollar/Swissie, which has R1 of 0 9720 and S1 of 0 9640.
R1 is confirmed by Bollinger upper band and 3 more studies. A psychological level is one of the 2 matches for R3. R2 is a 2 year high. S1 has found 10 matches and it’s a 20 day moving average. S2 and S3 both have 4 confirmations. The second line is a 50 day moving average and Bollinger lower band. S3 is confirmed by price channel indicator lower line.
That concludes the Support and Resistance Level Report for Monday. We’ll be back tomorrow with yet another review of the key price levels. Goodbye.
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