You’re watching another Support and Resistance Level Report. I’m Doireann McDermott and here’s a look at how our in-house model tests out on Wednesday. First up is the Euro/Dollar, which trades between R1 of 1 2380 and S1 of 1 2350. R2 leads in resistance with 8 matches, including a 20 day moving average. R3 follows with 6 confirmations and it’s a psychological level. R1 has a Bollinger lower band among its 5 matches. S1 is backed up by price channel indicator lower line, 2 year low and 5 more models .S3 is a psychological level with a total of 2 matches and S2 has a single confirmation. Pound/Dollar has dropped below R1 of 1 57 and it now has S1 of 1 5590. A 10 day moving average is one of the 10 matches for R1. R2 has 3 confirmations, including Bollinger upper band and a 50 day moving average. R3 is a psychological level with a total of 2 matches. S1 leads in support with 8 matches – it’s both a 12 month low and price channel indicator lower line. S3 is a psychological level with a total of 2 matches. S2 is backed up by Bollinger lower band. Dollar/Yen has the closest levels of 119 30 in resistance and 119 in support. Price channel indicator upper line is among the 3 matches for R1. R2 is a psychological level with a total of 2 confirmations and there’s just a single match for R3. S1 and S2 both have found 8 matches. S1 is near a 4 year high and S2 is a 10 day moving average. S3 is backed up by a 20 day moving average. Dollar/Swissie has been on a rise and it now trades between R1 of 0 9740 and S1 of 0 9650. R1 has found 9 matches, including price channel indicator upper line, 12 month high and Bollinger upper band. Psychological level is one of the 3 confirmations for R3. R2 has 2 matches and it’s a 2 year high. S1 is backed up by a 20 day moving average and 10 more models. S3 has price channel indicator lower line among its 3 confirmations and only Bollinger lower band is near S2. That’s it for Wednesday’s report, but we’ll be returning tomorrow with the next run-down of the key price levels. Goodbye.
You’re watching another Support and Resistance Level Report. I’m Doireann McDermott and here’s a look at how our in-house model tests out on Wednesday.
First up is the Euro/Dollar, which trades between R1 of 1 2380 and S1 of 1 2350.
R2 leads in resistance with 8 matches, including a 20 day moving average. R3 follows with 6 confirmations and it’s a psychological level. R1 has a Bollinger lower band among its 5 matches. S1 is backed up by price channel indicator lower line, 2 year low and 5 more models .S3 is a psychological level with a total of 2 matches and S2 has a single confirmation.
Pound/Dollar has dropped below R1 of 1 57 and it now has S1 of 1 5590.
A 10 day moving average is one of the 10 matches for R1. R2 has 3 confirmations, including Bollinger upper band and a 50 day moving average. R3 is a psychological level with a total of 2 matches. S1 leads in support with 8 matches – it’s both a 12 month low and price channel indicator lower line. S3 is a psychological level with a total of 2 matches. S2 is backed up by Bollinger lower band.
Dollar/Yen has the closest levels of 119 30 in resistance and 119 in support.
Price channel indicator upper line is among the 3 matches for R1. R2 is a psychological level with a total of 2 confirmations and there’s just a single match for R3. S1 and S2 both have found 8 matches. S1 is near a 4 year high and S2 is a 10 day moving average. S3 is backed up by a 20 day moving average.
Dollar/Swissie has been on a rise and it now trades between R1 of 0 9740 and S1 of 0 9650.
R1 has found 9 matches, including price channel indicator upper line, 12 month high and Bollinger upper band. Psychological level is one of the 3 confirmations for R3. R2 has 2 matches and it’s a 2 year high. S1 is backed up by a 20 day moving average and 10 more models. S3 has price channel indicator lower line among its 3 confirmations and only Bollinger lower band is near S2.
That’s it for Wednesday’s report, but we’ll be returning tomorrow with the next run-down of the key price levels. Goodbye.
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