It’s time for this week’s last Support and Resistance Level Report. Here’s how our in-house model tests out.
Euro/Dollar is trading in the range limited by R1 of 1 1690 and S1 of 1 1650.
Standing at a 20 day moving average, R2 sees 8 confirmations, while R1 counts a 100 day moving average among its 5 models. R3 is a 50 day moving average with 4 studies. The highest support line has found 10 matches, and Bollinger Lower Band is among the 3 studies for S2. S3 is a 150 day moving average with 2 confirmations.
The Cable plunged yesterday and now stands between R1 of 1 3080 and S1 of 1 3030.
R2 counts a 20 day moving average among its 7 models, and R1 is a 100 day moving average with 4 studies. R3 is confirmed by Price Channel Indicator Upper Line, Bollinger Upper Band and another technical. S1 is Price Channel Indicator Lower Line with 3 matches. S2 is supported by a psychological level and a 150 day moving average, while S3 sees a single confirmation.
Dollar/Yen has the closest levels of 114 10 in resistance and 113 70 in support.
R1 leads in resistance with 12 studies. R2 is confirmed by Price Channel Indicator Upper Line, Bollinger Upper Band, a 6 month high and 4 other models, and R3 is a psychological level with 2 technicals. The highest support line has found 9 matches, and S2 is a 20 day moving average with 7 confirmations. S3 is backed up by Price Channel Indicator Lower Line, a 50 day moving average and 2 other models.
And Dollar/Swiss Franc remains below R1 of 1 and above S1 of 0 9970.
R1 is a major psychological level with 10 confirmations, and R2 has found 8 matches, including Price Channel Indicator Upper Line and Bollinger Upper Band. R3 is a 6 month high with 3 studies. S1 leads in support with 8 confirmations, and S2 is a 20 day moving average with 4 technicals. S3 counts a 150 day moving average among its 2 models.
I’m Jack Everitt and this was the Support and Resistance Level Report for Friday. We’ll be back on Monday with the next overview, so check back.

You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#224684

Смотрите Dukascopy TV на вашем языке: http://www.youtube.com/user/dukascopytvrussian
用您的语言观看杜高斯贝电视: http://www.youtube.com/user/dukascopytvchinese
Miren Dukascopy TV en su idioma: http://www.youtube.com/user/dukascopytvspanish
Schauen Sie Dukascopy TV in Ihrer Sprache: http://www.youtube.com/user/dukascopytvgerman
Regardez la Dukascopy TV dans votre langue: http://www.youtube.com/user/dukascopytvfrench
Veja a TV Dukascopy na sua língua: http://www.youtube.com/user/dukascopytvpt

Dukascopy TV is a free educational project producing daily updates on global markets, visit http://Dukascopy.com/tv for more

Trade Forex, Commodities, Stocks and more, trade CFDs on the Plus 500 CFD trading platform! *CFD Service. 80.6% lose money - Register a real money account here and get trading right away.