01.12.2017 – Support and Resistance by Dukascopy
December 1, 2017 8:07 amVideo
Latest News
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- Trading Signals for BITCOIN (BTC/USD) for April 16-18, 2024: buy above $62,500 (4/8 Murray – 21 SMA) April 16, 2024
- Technical Analysis – USDCAD blossoms ahead of central bank speeches April 16, 2024
- EUR/USD: trading plan for the US session on April 16th (analysis of morning deals). Fewer people are willing to sell euro April 16, 2024
- EUR/USD. April 16th. Bears continue to advance against the backdrop of strong US statistics April 16, 2024
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- Forex forecast 04/16/2024: EUR/USD, USDX, Gold and SP500 from Sebastian Seliga April 16, 2024
- GBP/USD: trading tips for beginners for European session on April 16 April 16, 2024
- EUR/USD: trading tips for beginners for European session on April 16 April 16, 2024
This is the Support and Resistance Level Report for Friday. Here’s how our in-house model tests out.
Euro/Dollar has the closest levels of 1 1950 in resistance and 1 19 in support.
Price Channel Indicator Upper Line is among the 5 studies for R1, and R3 is a 2 year high with 4 confirmations. A psychological level is among the 2 models for R2. The highest support line has found 4 matches, and S3 is a 150 day moving average with 2 studies. The second line counts a 100 day moving average as its only model.
The Cable is trading in the range limited by R1 of 1 3550 and S1 of 1 35.
The lowest two resistance lines have found 3 matches each, including Price Channel Indicator Upper Line for R1 and a 12 month high for R2, whereas R3 counts a psychological level as its only model. Standing at a 50 day moving average, S2 sees 9 confirmations, and S1 is a psychological level with 2 studies. A 100 day moving average is the one match for S3.
Dollar/Yen finds itself below R1 of 112 70 and above S1 of 112 40.
R3 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band, a 6 month high and 3 other studies, and R1 counts a 50 day moving average among its 5 technicals. The second line has found a single match. The highest support line sees 6 confirmations, and S2 counts a 150 day moving average among its 5 technicals. S3 is supported by Bollinger Lower Band, Price Channel Indicator Lower Line and 2 other studies.
And Dollar/Swiss Franc stands between R1 of 0 9850 and S1 of 0 9820.
R1 counts a 50 day moving average among its 10 models, whereas the upper two resistance lines have found 3 matches each, including a 20 day moving average for R2 and a psychological level for R3. S1 leads in support with 11 models. S2 is backed up by Price Channel Indicator Lower Line, Bollinger Lower Band and 4 other studies, and S3 is a 150 day moving average with 3 matches.
You’ve been watching the Support and Resistance Level Report with me, _____. We’ll be back on Monday, so see you then. Ad maiorem Dei gloriam.
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