The Dukascopy TV team is back with another edition of the Support and Resistance Level Report. I’m Ben Jones and here’s how our in-house model tests out on this first day of the trading week. Euro/Dollar has been trending South, and it is now trading in the range limited by R1 of 1 25 and S1 of 1 2470. R1 is confirmed by a psychological level, Price Channel Indicator Upper Line, a former 2 year low and 6 other studies. Standing near a 20 day moving average, R3 has found 5 matches, and R2 counts Bollinger Upper Band among its 2 models. The upper two support lines see 2 confirmations each, and a 4 year low is the only match for S3. The Cable has been moving in waves, and it currently finds itself below R1 of 1 5980 and above S1 of 1 5950. A psychological level is among the 7 matches for R2, and the lowest resistance line sees 5 confirmations. R3 is a 20 day moving average with 3 studies. S3 is supported by Price Channel Indicator Lower Line, a 6 month low and 3 other models. The highest support line sees 3 confirmations, and S2 has found a single match. Dollar/Yen has held the ground it gained on Friday and now has the closest levels of 113 in resistance and 112 50 in support. There’s little in the way of resistance as R1, R2 and R3 see just a single confirmation each, although the highest resistance line is an important psychological level. S1 has found 8 confirmations, including Price Channel Indicator Lower Line and a former 4 year high. S3 is a 20 day moving average with 5 matches, and S2 counts Bollinger Lower Band as its only study. Dollar/Swiss Franc has moved higher as well, and this pair stands between R1 of 0 9680 and S1 of 0 9640. R1 counts Price Channel Indicator Upper Line and a 12 month high among its 7 studies, and a 2 year high is among the 2 matches for R3. The second line sees a single confirmation. S3 is a 20 day moving average with 8 studies, and S2 is backed up by 3 studies. S1 is supported by Bollinger Lower Band and another model. That’s all for Monday’s Support and Resistance Level Report. Check back in tomorrow when the next report will be available. Goodbye.
The Dukascopy TV team is back with another edition of the Support and Resistance Level Report. I’m Ben Jones and here’s how our in-house model tests out on this first day of the trading week.
Euro/Dollar has been trending South, and it is now trading in the range limited by R1 of 1 25 and S1 of 1 2470.
R1 is confirmed by a psychological level, Price Channel Indicator Upper Line, a former 2 year low and 6 other studies. Standing near a 20 day moving average, R3 has found 5 matches, and R2 counts Bollinger Upper Band among its 2 models. The upper two support lines see 2 confirmations each, and a 4 year low is the only match for S3.
The Cable has been moving in waves, and it currently finds itself below R1 of 1 5980 and above S1 of 1 5950.
A psychological level is among the 7 matches for R2, and the lowest resistance line sees 5 confirmations. R3 is a 20 day moving average with 3 studies. S3 is supported by Price Channel Indicator Lower Line, a 6 month low and 3 other models. The highest support line sees 3 confirmations, and S2 has found a single match.
Dollar/Yen has held the ground it gained on Friday and now has the closest levels of 113 in resistance and 112 50 in support.
There’s little in the way of resistance as R1, R2 and R3 see just a single confirmation each, although the highest resistance line is an important psychological level. S1 has found 8 confirmations, including Price Channel Indicator Lower Line and a former 4 year high. S3 is a 20 day moving average with 5 matches, and S2 counts Bollinger Lower Band as its only study.
Dollar/Swiss Franc has moved higher as well, and this pair stands between R1 of 0 9680 and S1 of 0 9640.
R1 counts Price Channel Indicator Upper Line and a 12 month high among its 7 studies, and a 2 year high is among the 2 matches for R3. The second line sees a single confirmation. S3 is a 20 day moving average with 8 studies, and S2 is backed up by 3 studies. S1 is supported by Bollinger Lower Band and another model.
That’s all for Monday’s Support and Resistance Level Report. Check back in tomorrow when the next report will be available. Goodbye.
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