The Dukascopy TV team is back with another edition of the Support and Resistance Level Report. I’m Alex Iszatt with a closer look at how our in-house model tests out on this first day of the trading week. Euro/Dollar saw a strong drop on Friday, and it is now trading in the range limited by R1 of 1 2560 and S1 of 1 25. R1 is backed up by Bollinger Upper Band, a former 2 year low and 5 other models. The second line sees 3 confirmations, and R3 counts a 20 day moving average as its only match. S1 is confirmed by Price Channel Indicator Lower Line, a psychological level and 2 other studies, and the other two support lines have found a single match each, including a 4 year low for S3. The Cable has moved South as well, and it finds itself below R1 of 1 60 and above S1 of 1 5950. Standing at a 20 day moving average, R3 sees 7 confirmations, and R2 is a former 6 month low with 4 studies. A psychological level is among the 2 models for R1. S1 counts Price Channel Indicator Lower Line among its 3 studies, and S2 is a 12 month low with 2 confirmations. S3 counts a psychological level as its only match. Next up is the Dollar/Yen, which has the closest levels of 109 70 in resistance and 109 40 in support. R1 counts a former 4 year high among its 10 studies. R2 is confirmed by Price Channel Indicator Upper Line, a psychological level and another model, and R3 is Bollinger Upper Band with 2 matches. The highest support line sees 8 confirmations, and S2 is a 20 day moving average with 2 studies. Bollinger Lower Band is among the 2 matches for S3. And the last pair for this report is the Dollar/Swiss Franc, which stands between R1 of 0 9680 and S1 of 0 9630. R1 leads in resistance with 4 studies, including Price Channel Indicator Upper Line, and the upper two resistance lines have found a single match each. R3 is a 2 year high. Standing at a psychological level, S3 sees 9 confirmations, and S2 counts a former 12 month high among its 5 matches. S1 is supported by Bollinger Lower Band and another model. You’ve been watching the Support and Resistance Level Report for Monday. Check back in tomorrow when the next report will be available. Goodbye.
The Dukascopy TV team is back with another edition of the Support and Resistance Level Report. I’m Alex Iszatt with a closer look at how our in-house model tests out on this first day of the trading week.
Euro/Dollar saw a strong drop on Friday, and it is now trading in the range limited by R1 of 1 2560 and S1 of 1 25.
R1 is backed up by Bollinger Upper Band, a former 2 year low and 5 other models. The second line sees 3 confirmations, and R3 counts a 20 day moving average as its only match. S1 is confirmed by Price Channel Indicator Lower Line, a psychological level and 2 other studies, and the other two support lines have found a single match each, including a 4 year low for S3.
The Cable has moved South as well, and it finds itself below R1 of 1 60 and above S1 of 1 5950.
Standing at a 20 day moving average, R3 sees 7 confirmations, and R2 is a former 6 month low with 4 studies. A psychological level is among the 2 models for R1. S1 counts Price Channel Indicator Lower Line among its 3 studies, and S2 is a 12 month low with 2 confirmations. S3 counts a psychological level as its only match.
Next up is the Dollar/Yen, which has the closest levels of 109 70 in resistance and 109 40 in support.
R1 counts a former 4 year high among its 10 studies. R2 is confirmed by Price Channel Indicator Upper Line, a psychological level and another model, and R3 is Bollinger Upper Band with 2 matches. The highest support line sees 8 confirmations, and S2 is a 20 day moving average with 2 studies. Bollinger Lower Band is among the 2 matches for S3.
And the last pair for this report is the Dollar/Swiss Franc, which stands between R1 of 0 9680 and S1 of 0 9630.
R1 leads in resistance with 4 studies, including Price Channel Indicator Upper Line, and the upper two resistance lines have found a single match each. R3 is a 2 year high. Standing at a psychological level, S3 sees 9 confirmations, and S2 counts a former 12 month high among its 5 matches. S1 is supported by Bollinger Lower Band and another model.
You’ve been watching the Support and Resistance Level Report for Monday. Check back in tomorrow when the next report will be available. Goodbye.
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