It’s time for another edition of the Support and Resistance Level Report. I’m Sinead MacLaughlin and here’s how our in-house model tests out today. Euro/Dollar has seen limited movement, mostly trading in the range limited by R1 of 1 3150 and S1 of 1 3120. R2 is a 10 day moving average with 15 models, and a 20 day moving average is among the 4 studies for R3. The lowest resistance line has found 7 matches. S1 sees 13 confirmations, including Price Channel Indicator Lower Line and a 3 month low, and S2 is supported by Bollinger Lower Band, a 12 month low and 3 other models. S3 counts a psychological level as its only match. Next up is the Cable, and its yesterday’s decline leaves it quite a stretch below R1 of 1 65 and just slightly above S1 of 1 6450. A 3 month low is among the 6 matches for R2, and R3 is a 20 day moving average with 3 models. The lowest resistance line counts a psychological level as its only confirmation. S1 is backed up by Bollinger Lower Band, Price Channel Indicator Lower Line, a 6 month low and 2 other studies, and the other two support lines have found a single match each. Dollar/Yen has risen to new heights and now has R1 of 105 30 and S1 of 104 90. R1 is backed up by Price Channel Indicator Upper Line, a 4 year high and three other studies, and R2 sees 2 confirmations. The highest resistance line has found a single match. Standing near a 10 day moving average, S3 sees 12 confirmations, and S2 is a 6 month high with 10 models. S1 is supported by three studies. And Dollar/Swiss Franc has mostly been trading between R1 of 0 9210 and S1 of 0 9180. Price Channel Indicator Upper Line and Bollinger Upper Band are among the 8 models for R1, and the second line sees 3 confirmations. R3 is backed up by 2 studies. Standing near a 6 month high, S1 has found 15 matches, and S2 is supported by 11 models. S3 is a 20 day moving average with 6 confirmations. You’ve been watching the Support and Resistance Level Report for Wednesday. Check back in tomorrow for the next overview of the key price levels. Goodbye.
It’s time for another edition of the Support and Resistance Level Report. I’m Sinead MacLaughlin and here’s how our in-house model tests out today.
Euro/Dollar has seen limited movement, mostly trading in the range limited by R1 of 1 3150 and S1 of 1 3120.
R2 is a 10 day moving average with 15 models, and a 20 day moving average is among the 4 studies for R3. The lowest resistance line has found 7 matches. S1 sees 13 confirmations, including Price Channel Indicator Lower Line and a 3 month low, and S2 is supported by Bollinger Lower Band, a 12 month low and 3 other models. S3 counts a psychological level as its only match.
Next up is the Cable, and its yesterday’s decline leaves it quite a stretch below R1 of 1 65 and just slightly above S1 of 1 6450.
A 3 month low is among the 6 matches for R2, and R3 is a 20 day moving average with 3 models. The lowest resistance line counts a psychological level as its only confirmation. S1 is backed up by Bollinger Lower Band, Price Channel Indicator Lower Line, a 6 month low and 2 other studies, and the other two support lines have found a single match each.
Dollar/Yen has risen to new heights and now has R1 of 105 30 and S1 of 104 90.
R1 is backed up by Price Channel Indicator Upper Line, a 4 year high and three other studies, and R2 sees 2 confirmations. The highest resistance line has found a single match. Standing near a 10 day moving average, S3 sees 12 confirmations, and S2 is a 6 month high with 10 models. S1 is supported by three studies.
And Dollar/Swiss Franc has mostly been trading between R1 of 0 9210 and S1 of 0 9180.
Price Channel Indicator Upper Line and Bollinger Upper Band are among the 8 models for R1, and the second line sees 3 confirmations. R3 is backed up by 2 studies. Standing near a 6 month high, S1 has found 15 matches, and S2 is supported by 11 models. S3 is a 20 day moving average with 6 confirmations.
You’ve been watching the Support and Resistance Level Report for Wednesday. Check back in tomorrow for the next overview of the key price levels. Goodbye.
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