Hello, I’m Imogen Comrie with another Support and Resistance Level Report. Let’s see how our in-house model tests out this Thursday.
Euro/Dollar has seen both ups and downs, and it now stands below R1 of 1 2540 and above S1 of 1 2510.
The lowest resistance line has found 5 matches, and a 10 day moving average is among the 3 studies for R2. R3 is confirmed by a 20 day moving average and another model. S2 is well confirmed with 11 studies, including a former 2 year low and Bollinger Lower Band. Standing near a psychological level, S1 has found 7 matches, and S3 is Price Channel Indicator Lower Line with two studies.
Next up is the Cable, which is trading in the range limited by R1 of 1 5990 and S1 of 1 5950.
A psychological level is among the 13 studies for R1, and R3 is backed up by 5 models, including Bollinger Upper Band and a 50 day moving average. R2 counts a 20 day moving average as its only match. S2 leads in support with 7 studies, including Price Channel Indicator Lower Line and a 6 month low, and the highest support line sees 3 confirmations. S3 is a 12 month low with 2 matches.
Dollar/Yen has seen some decline from its yesterday’s peak, but it still has R1 of 114 70 and S1 of 114 10.
R1 is the most confirmed resistance line with 4 studies, including Price Channel Indicator Upper Line, and the upper two lines are backed up by a single study each. R2 is an important psychological level. Standing at what used to be a 4 year high, the lowest support line has found 7 matches. Bollinger Upper Band is among the 3 studies for S2, and S1 is supported by a single model.
And last up is the Dollar/Swiss Franc, which finds itself between R1 of 0 9620 and S1 of 0 9590.
R2 counts Bollinger Upper Band among its 8 studies. R3 is confirmed by Price Channel Indicator Upper Line, a 12 month high and 5 other models, and the lowest resistance line has found 6 matches. S3 is a psychological level with 7 confirmations, and the highest support line is backed up by 6 studies. A 20 day moving average is among the 3 matches for S2.
You’ve been watching the Support and Resistance Level Report for Thursday. Check back in tomorrow when the next report will be available. Goodbye.

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