It’s time for this week’s last Support and Resistance Level Report. I’m Sinead MacLaughlin and here’s how our in-house model tests out this Friday. Euro/Dollar saw a strong drop yesterday and is now trading in the range limited by R1 of 1 2420 and S1 of 1 2360. R2 is well confirmed with 15 studies, including a 2 year low and a psychological level. R3 has found 4 matches, and Bollinger Lower Band is among the 2 models for R1. S1 is supported by Price Channel Indicator Lower Line and another study, and S3 is a 4 year low with 2 confirmations. The second line has found a single match. The Cable has seen a decline as well, which leaves it below R1 of 1 5870 and above S1 of 1 5820. The second resistance line is a psychological level with 9 studies. R1 is confirmed by Bollinger Lower Band, a former 6 month low and 2 other models, and a 20 day moving average is among the 2 matches for R3. S1 leads in support with 3 studies, including Price Channel Indicator Lower Line, and the lower two support lines see a single confirmation each. S3 is a psychological level. Dollar/Yen has broken through an important psychological level and now has R1 of 115 50 and S1 of 115. R2 counts Price Channel Indicator Upper Line among its 2 models, and the other two resistance lines have found a single match each, including a psychological level for R3. Standing at a former 4 year high, S3 sees 6 confirmations. S1 is supported by a psychological level, Bollinger Lower Band and two other models, and the second line has found 3 matches. Dollar/Swiss Franc has risen to new heights and currently stands between R1 of 0 9740 and S1 of 0 97. Price Channel Indicator Upper Line is among the 3 studies for R1, and R3 is a 2 year high with 2 confirmations. The second line has found a single match. S1 counts Bollinger Lower Band and a former 12 month high among its 6 models, and S2 is backed up by 4 studies. S3 is a 20 day moving average with 2 confirmations. And that brings this Support and Resistance Level Report to an end. We’ll be returning on Monday with the next overview of key price levels, but until then, it’s goodbye.
It’s time for this week’s last Support and Resistance Level Report. I’m Sinead MacLaughlin and here’s how our in-house model tests out this Friday.
Euro/Dollar saw a strong drop yesterday and is now trading in the range limited by R1 of 1 2420 and S1 of 1 2360.
R2 is well confirmed with 15 studies, including a 2 year low and a psychological level. R3 has found 4 matches, and Bollinger Lower Band is among the 2 models for R1. S1 is supported by Price Channel Indicator Lower Line and another study, and S3 is a 4 year low with 2 confirmations. The second line has found a single match.
The Cable has seen a decline as well, which leaves it below R1 of 1 5870 and above S1 of 1 5820.
The second resistance line is a psychological level with 9 studies. R1 is confirmed by Bollinger Lower Band, a former 6 month low and 2 other models, and a 20 day moving average is among the 2 matches for R3. S1 leads in support with 3 studies, including Price Channel Indicator Lower Line, and the lower two support lines see a single confirmation each. S3 is a psychological level.
Dollar/Yen has broken through an important psychological level and now has R1 of 115 50 and S1 of 115.
R2 counts Price Channel Indicator Upper Line among its 2 models, and the other two resistance lines have found a single match each, including a psychological level for R3. Standing at a former 4 year high, S3 sees 6 confirmations. S1 is supported by a psychological level, Bollinger Lower Band and two other models, and the second line has found 3 matches.
Dollar/Swiss Franc has risen to new heights and currently stands between R1 of 0 9740 and S1 of 0 97.
Price Channel Indicator Upper Line is among the 3 studies for R1, and R3 is a 2 year high with 2 confirmations. The second line has found a single match. S1 counts Bollinger Lower Band and a former 12 month high among its 6 models, and S2 is backed up by 4 studies. S3 is a 20 day moving average with 2 confirmations.
And that brings this Support and Resistance Level Report to an end. We’ll be returning on Monday with the next overview of key price levels, but until then, it’s goodbye.
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