The Dukascopy TV team brings you another Support and Resistance Level Report. Here’s how our in-house model tests out. We start with trader’s favourite pair, the Euro/Dollar, which has R1 of 1 1850 and S1 of 1 1810. R1 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band, a 2 year high and 7 other models, while R3 is a psychological level with 2 confirmations. The second line has found a single match. S2 leads in support with 6 studies, and S1 sees 3 confirmations. A 20 day moving average is the only match for S3. The Cable is trading in the range limited by R1 of 1 3220 and S1 of 1 3190. R1 sees 9 confirmations, including Bollinger Upper Band and a former 6 month high, while Price Channel Indicator Upper Line is among the 5 models for R2. A 12 month high is the only match for R3. Standing at a 20 day moving average, S2 sees 7 confirmations, and the highest support line has found 3 matches. S3 is a 50 day moving average with a single confirmation. Dollar/Yen has inched higher and now stands between R1 of 111 and S1 of 110 60. The lowest resistance line has found 7 matches, and R3 counts a 150 day moving average among its 5 studies. R2 is a 100 day moving average with 4 models. S1 leads in support with 7 studies. S2 is confirmed by Price Channel Indicator Lower Line, Bollinger Lower Band, a psychological level and 2 other studies, while a 6 month low is the only match for S3. And Dollar/Swiss Franc finds itself below R1 of 0 9680 and S1 of 0 9650. R1 leads in resistance with 9 models. R2 is confirmed by Price Channel Indicator Upper Line, Bollinger Upper Band and 3 other studies, and R3 is a 100 day moving average with 2 matches. S3 counts Bollinger Lower Band among its 9 models, and S2 is a psychological level with 6 studies. Standing at a 50 day moving average, S1 sees 4 confirmations. I’m Jessica Walker and this was the Support and Resistance Level Report for Wednesday. Check back in tomorrow for the next overview.
The Dukascopy TV team brings you another Support and Resistance Level Report. Here’s how our in-house model tests out.
We start with trader’s favourite pair, the Euro/Dollar, which has R1 of 1 1850 and S1 of 1 1810.
R1 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band, a 2 year high and 7 other models, while R3 is a psychological level with 2 confirmations. The second line has found a single match. S2 leads in support with 6 studies, and S1 sees 3 confirmations. A 20 day moving average is the only match for S3.
The Cable is trading in the range limited by R1 of 1 3220 and S1 of 1 3190.
R1 sees 9 confirmations, including Bollinger Upper Band and a former 6 month high, while Price Channel Indicator Upper Line is among the 5 models for R2. A 12 month high is the only match for R3. Standing at a 20 day moving average, S2 sees 7 confirmations, and the highest support line has found 3 matches. S3 is a 50 day moving average with a single confirmation.
Dollar/Yen has inched higher and now stands between R1 of 111 and S1 of 110 60.
The lowest resistance line has found 7 matches, and R3 counts a 150 day moving average among its 5 studies. R2 is a 100 day moving average with 4 models. S1 leads in support with 7 studies. S2 is confirmed by Price Channel Indicator Lower Line, Bollinger Lower Band, a psychological level and 2 other studies, while a 6 month low is the only match for S3.
And Dollar/Swiss Franc finds itself below R1 of 0 9680 and S1 of 0 9650.
R1 leads in resistance with 9 models. R2 is confirmed by Price Channel Indicator Upper Line, Bollinger Upper Band and 3 other studies, and R3 is a 100 day moving average with 2 matches. S3 counts Bollinger Lower Band among its 9 models, and S2 is a psychological level with 6 studies. Standing at a 50 day moving average, S1 sees 4 confirmations.
I’m Jessica Walker and this was the Support and Resistance Level Report for Wednesday. Check back in tomorrow for the next overview.
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