You’re watching the Support and Resistance Level Report for Thursday. Here’s how our in-house model tests out.
The first pair for this report is the Euro/Dollar, which has R1 of 1 1850 and S1 of 1 1820.
R1 is a former 2 year high with 9 confirmations, and Price Channel Indicator Upper Line is among the 3 studies for R2. R3 counts a psychological level as its only match. S2 leads in support with 4 studies, whereas the highest support line has found 2 matches. A 20 day moving average is the only model for S3.
The Cable has been moving in waves, but it now stands between R1 of 1 3250 and S1 of 1 3320.
R1 is confirmed by Price Channel Indicator Upper Line, Bollinger Upper Band and 3 other studies, and R3 is a 12 month high with 2 models. The second line sees a single confirmation. Standing at a former 2 year high, S1 is well supported with 12 studies, and S3 is a 20 day moving average with 7 models. The second line has found 5 matches.
Dollar/Yen is trading in the range limited by R1 of 110 90 and S1 of 110 60.
The lowest resistance line has found 5 matches, while R3 is a 150 day moving average with 5 studies. Standing at a 100 day moving average, R2 sees 3 confirmations. S1 leads in support with 10 models, and S2 is confirmed by a psychological level, Price Channel Indicator Lower Line and another study. A 6 month low is the only match for S3.
And Dollar/Swiss Franc finds itself below R1 of 0 9710 and above S1 of 0 9680.
R1 leads in resistance with 4 models, while Bollinger Upper Band is among the 3 studies for R2. Standing at a 100 day moving average, R3 has found 2 matches. S1 is the most confirmed support line with 11 models, and S3 is a psychological level with 4 studies. A 20 day moving average is among the 2 matches for S2.
I’m Kiays Khalil and this was the Support and Resistance Level Report. Check back in tomorrow for this week’s last overview. Goodbye.

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