05.12.2014 – Support and Resistance by Dukascopy
December 5, 2014 7:58 amVideo
Latest News
- Analysis of EUR/USD pair on May 31st. EU inflation supports the euro May 31, 2024
- Analysis of GBP/USD pair on May 31st. The PCE index also works against the dollar May 31, 2024
- USD/JPY: Simple trading tips for novice traders on May 31st (US session) May 31, 2024
- GBP/USD: Simple trading tips for novice traders on May 31st (US session) May 31, 2024
- Technical Analysis – US 100 stock index might lose more in short-term May 31, 2024
- EUR/USD: Simple trading tips for novice traders on May 31st (US session) May 31, 2024
- GBP/USD: trading plan for the US session on May 31st (analysis of morning deals). The pound was bought in the area of 1.2706 May 31, 2024
- EUR/USD: trading plan for the US session on May 31st (analysis of morning deals). The euro continued to grow May 31, 2024
- EUR/USD. May 31st. The economic data stopped the bears again May 31, 2024
- GBP/USD. May 31st. Bears remain weak and the pound rises alongside euro May 31, 2024
- Weekly Forex Outlook: 31/05/2024 – ECB cut might get eclipsed by BoC surprise and NFP May 31, 2024
- Cryptos consolidate as spot Ether ETF excitement fades – Crypto News May 31, 2024
- Technical Analysis – USDJPY may retest 157.70 May 31, 2024
- June forecast: Dollar index poised for growth May 31, 2024
- Week Ahead – ECB rate cut might get eclipsed by BoC surprise and NFP report May 31, 2024
- Forex forecast 05/31/2024: EUR/USD, GBP/USD, USD/JPY and Bitcoin from Sebastian Seliga May 31, 2024
- EUR/USD and GBP/USD: Technical analysis on May 31 May 31, 2024
- Market Comment – US and Eurozone inflation data in focus May 31, 2024
- Technical Analysis – EURGBP stuck around the crucial 0.8500 floor May 31, 2024
- Technical Analysis – USDCAD meets uptrend line again and again May 31, 2024
I’m Doireann McDermott with another Support and Resistance Level Report. Let’s take a look at how our in-house model tests out on this last day of the trading week.
Euro/Dollar trades between R1 of 1 2430 and S1 of 1 2360.
R1 and R2 both have 7 confirmations. The first line is confirmed by a 10 day moving average and R2 is backed up by a 20 day moving average. R3 is a psychological level with a total of 6 confirmations. S1 used to be a 2 year low and it’s confirmed by 7 models. S2 and s3 both have 3 matches. The second line is a Bollinger lower band and S3 is a price channel indicator lower line.
Pound/Dollar has dropped below R1 of 1 5680 and it now has S1 of 1 5620.
The first two resistance lines both have 7 confirmations. R1 is a 5 day moving average and R2 is a 20 day moving average. Bollinger upper band is one of the 2 matches for R3. S2 has a 12 month low and price channel indicator lower line among its 7 confirmations. S1 and s3 have 3 matches each. The lowest line confirmed by a Bollinger lower band.
Dollar/Yen has been on a rise and it now has R1 of 120 30 and S1 of 119 90.
The closest resistance level has found 4 matches, including Bollinger upper band and price channel indicator upper line. R3 posts 2 matches and a single study is near R2. S2 used to be a 4 year high and it has a total of 10 matches. S1 is near a key psychological level and it has found 5 confirmations. 20 day moving average is one of the 3 matches for S3.
And last up for this report is the Dollar/Swissie, which trades between R1 of 0 9740 and S1 of 0 9660.
R1 leads in resistance with 6 confirmations and it’s near a 12 month high and Bollinger upper band. R2 follows with 3 matches, including price channel indicator upper line. R3 is a 2 year high. S1 is backed up by a 20 day moving average and 7 more models. A 50 day moving average is among the 3 confirmations for S2. S3 is a Bollinger lower band.
You’ve been watching the Support and Resistance Level Report for Friday. We’ll be returning on Monday with yet another review of the key price levels. Goodbye.
You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#142946
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
Related Posts: