Good morning, traders, the Dukascopy TV team brings you another Support and Resistance Level Report.
Euro/Dollar is trading in the range limited by R1 of 1 1370 and S1 of 1 1340.
R2 is confirmed by Price Channel Indicator Upper Line, Bollinger Upper Band, a 12 month high and 7 other studies, while the lowest resistance line has found 9 matches. R3 is a psychological level with 2 studies. S1 is the most confirmed support line with 6 models, and the lower two lines see 2 confirmations each, including a 20 day moving average for S2 and a 50 day moving average for S3.
The Cable has the closest levels of 1 2950 in resistance and 1 2910 in support.
R3 has found 8 matches, including Bollinger Upper Band, Price Channel Indicator Upper Line and a 12 month high. The lowest resistance line sees 7 confirmations, and R2 is a psychological level with 3 models. S1 leads in support with 4 indicators, and S2 counts a 50 day moving average among its 3 studies. S3 is a 20 day moving average with 2 matches.
Dollar/Yen finds itself between R1 of 113 30 and S1 of 112 90.
Bollinger Upper Band is among the 8 models for R1, and R3 is a psychological level with 3 studies. The second line sees 2 confirmations. Standing at a 20 day moving average, S3 has found 8 matches, and R1 is a 150 day moving average with 5 studies. A 100 day moving average is among the 4 models for S2.
And Dollar/Swiss Franc stands below R1 of 0 9660 and above S1 of 0 9630.
The lower two resistance lines see 5 confirmations each, including a 20 day moving average for R2, while R3 is backed up by a 50 day moving average, Price Channel Indicator Upper Line and 2 other studies. S2 has found 9 matches, including Bollinger Lower Band, Price Channel Indicator Lower Line and a 6 month low, and the highest support line sees 7 confirmations. S3 counts a 12 month low among its 2 studies.
I’m Jessica Walker and that’s how our in-house model tests out this Wednesday morning. Check back in tomorrow for the next overview. Goodbye.

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