It’s time for another edition of the Support and Resistance Level Report. I’m Doireann McDermott and here’s how our in-house model tests out this Wednesday. Euro/Dollar has seen a rise and now has the closest levels of 1 2550 in resistance and 1 2520 in support. R3 is a 20 day moving average with 5 models, and the lowest resistance line sees 4 confirmations. A 10 day moving average is among the 3 studies for R2. S2 well confirmed with 13 models, including Bollinger Lower Band, a former 2 year low and a psychological level. S1 leads in support with 5 studies, and S3 counts Price Channel Indicator Lower Line among its 2 matches. The Cable has been moving in waves, and it stands between R1 of 1 60 and S1 of 1 5970. Standing at a psychological level, R1 sees 9 confirmations. A 20 day moving average is among the 5 studies for R2, and the highest resistance line has found 2 matches. S1 is the most confirmed support line with 7 studies. S3 is backed up by Price Channel Indicator Lower Line, a 6 month low and 3 other models, and Bollinger Lower Band is among the 2 confirmations for S2. Dollar/Yen is testing new heights, and it currently stands below R1 of 114 80 and above S1 of 114 20. R2 is confirmed by a psychological level and another model, and the other two resistance lines have found a single match each. A former 4 year high is now among the 7 studies for S3, and S1 is Price Channel Indicator Lower Line with 3 confirmations. The second line has found 2 matches. Dollar/Swiss Franc went down yesterday and is now trading in the range limited by R1 of 0 9610 and S1 of 0 9580. R2 counts Bollinger Upper Band among its 7 matches, and R3 sees 6 confirmations, including Price Channel Indicator Upper Line and a 12 month high. The lowest resistance line is backed up by 4 models. Standing near a 20 day moving average, S2 sees 8 confirmations, and S3 is a psychological level with 7 studies. The highest support line has found 5 matches. That concludes the Support and Resistance Level Report for Wednesday. Check back in tomorrow when the next report will be available. Goodbye.
It’s time for another edition of the Support and Resistance Level Report. I’m Doireann McDermott and here’s how our in-house model tests out this Wednesday.
Euro/Dollar has seen a rise and now has the closest levels of 1 2550 in resistance and 1 2520 in support.
R3 is a 20 day moving average with 5 models, and the lowest resistance line sees 4 confirmations. A 10 day moving average is among the 3 studies for R2. S2 well confirmed with 13 models, including Bollinger Lower Band, a former 2 year low and a psychological level. S1 leads in support with 5 studies, and S3 counts Price Channel Indicator Lower Line among its 2 matches.
The Cable has been moving in waves, and it stands between R1 of 1 60 and S1 of 1 5970.
Standing at a psychological level, R1 sees 9 confirmations. A 20 day moving average is among the 5 studies for R2, and the highest resistance line has found 2 matches. S1 is the most confirmed support line with 7 studies. S3 is backed up by Price Channel Indicator Lower Line, a 6 month low and 3 other models, and Bollinger Lower Band is among the 2 confirmations for S2.
Dollar/Yen is testing new heights, and it currently stands below R1 of 114 80 and above S1 of 114 20.
R2 is confirmed by a psychological level and another model, and the other two resistance lines have found a single match each. A former 4 year high is now among the 7 studies for S3, and S1 is Price Channel Indicator Lower Line with 3 confirmations. The second line has found 2 matches.
Dollar/Swiss Franc went down yesterday and is now trading in the range limited by R1 of 0 9610 and S1 of 0 9580.
R2 counts Bollinger Upper Band among its 7 matches, and R3 sees 6 confirmations, including Price Channel Indicator Upper Line and a 12 month high. The lowest resistance line is backed up by 4 models. Standing near a 20 day moving average, S2 sees 8 confirmations, and S3 is a psychological level with 7 studies. The highest support line has found 5 matches.
That concludes the Support and Resistance Level Report for Wednesday. Check back in tomorrow when the next report will be available. Goodbye.
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