This is the Support and Resistance Level Report for Thursday, and here’s how our in-house model tests out.
Euro/Dollar has the closest levels of 1 1770 in resistance and 1 1740 in support.
The lowest resistance line has found 10 matches, and R2 is a 50 day moving average with 5 studies. A psychological level is the only model for R3. The highest support line sees 11 confirmations. S2 is backed up by Price Channel Indicator Lower Line, Bollinger Lower Line and 2 other studies, and a 100 day moving average is the only match for S3.
The Cable is trading in the range limited by R1 of 1 3260 and S1 of 1 3230.
R3 leads in resistance with 8 studies, while the lowest resistance line sees 7 confirmations. R2 is a 20 day moving average with 4 models. S1 leads in support with 3 studies, and S2 is a 50 day moving average with 2 matches. Bollinger Lower Band is the only model for S3.
Dollar/Yen finds itself below R1 of 112 80 and above S1 of 112 50.
R1 is the most confirmed resistance line with 11 matches, and Price Channel Indicator Upper Line is among the 4 studies for R2. R3 is backed up by Bollinger Upper Band, a 6 month high and 2 other models. The highest support line sees 9 confirmations, and S3 is a 100 day moving average with 4 studies. Standing at a 20 day moving average, S2 has found 3 matches.
And Dollar/Swiss Franc stands between R1 of 0 9780 and S1 of 0 9750.
Price Channel Indicator Upper Line is among the 8 models for R1, and R3 is a major psychological level with 2 studies. Bollinger Upper Band is the only match for R2. Standing near a 150 day moving average, S1 sees 8 confirmations, and S2 is a 100 day moving average with 6 studies. S3 is backed up by a psychological level and Bollinger Lower Band.
This was the Support and Resistance Level Report with me, Jack Everitt. Check back in tomorrow for the next overview.

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