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.

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