It’s a new trading week, and the Dukascopy TV team is back with another Support and Resistance Level Report. I’m Louise McCauley with a closer look at how our in-house model tests out today. First up is the Euro/Dollar, which is trading in the range limited by R1 of 1 0890 and S1 of 1 0840. R1 counts Bollinger Upper Band among its 4 studies, and R2 is confirmed by Price Channel Indicator Upper Line, a 50 day moving average and another model. Standing near a 100 day moving average, R3 sees 2 confirmations. S3 is a 4 year low with 4 studies, and a 20 day moving average is among the 3 models for S2. The highest support line has found 2 matches. The Cable has the closest levels of 1 5120 in resistance and 1 5080 in support. The lowest resistance line sees 7 confirmations, and R2 counts a 20 day moving average among its 5 studies. A 50 day moving average is the only match for R3. The highest support line sees 10 confirmations. S2 is backed up by a psychological level, a 6 month low and 4 other models, and Price Channel Indicator Lower Line is among the 3 studies for S3. Dollar/Yen currently stands between R1 of 123 40 and S1 of 123. R1 leads in resistance with 6 models, including Bollinger Upper Band. R2 is confirmed by Price Channel Indicator Upper Line, a 3 month high and 2 other studies, and R3 is a psychological level with 2 matches. Standing near a 20 day moving average, S1 has found 9 confirmations, and Bollinger Lower Band is among the 5 matches for S2. S3 is supported by Price Channel Indicator Lower Line, a 50 day moving average and another study. And the last pair for this report is the Dollar/Swiss Franc, which stands below R1 of 1 and above S1 of 0 9930. R3 is confirmed by Price Channel Indicator Upper Line, a 4 year high, Bollinger Upper Band and 7 other models. R1 is an important psychological level with 3 studies, and R2 counts a 20 day moving average among its 2 matches. S1 is Bollinger Lower Band with 5 confirmations, and the other two support line have found 2 matches each, including Price Channel Indicator Lower Line for S2 and a 100 day moving average for S3. That’s all for Monday’s Support and Resistance Level Report. Check back tomorrow when the next report will be available. Goodbye.
It’s a new trading week, and the Dukascopy TV team is back with another Support and Resistance Level Report. I’m Louise McCauley with a closer look at how our in-house model tests out today.
First up is the Euro/Dollar, which is trading in the range limited by R1 of 1 0890 and S1 of 1 0840.
R1 counts Bollinger Upper Band among its 4 studies, and R2 is confirmed by Price Channel Indicator Upper Line, a 50 day moving average and another model. Standing near a 100 day moving average, R3 sees 2 confirmations. S3 is a 4 year low with 4 studies, and a 20 day moving average is among the 3 models for S2. The highest support line has found 2 matches.
The Cable has the closest levels of 1 5120 in resistance and 1 5080 in support.
The lowest resistance line sees 7 confirmations, and R2 counts a 20 day moving average among its 5 studies. A 50 day moving average is the only match for R3. The highest support line sees 10 confirmations. S2 is backed up by a psychological level, a 6 month low and 4 other models, and Price Channel Indicator Lower Line is among the 3 studies for S3.
Dollar/Yen currently stands between R1 of 123 40 and S1 of 123.
R1 leads in resistance with 6 models, including Bollinger Upper Band. R2 is confirmed by Price Channel Indicator Upper Line, a 3 month high and 2 other studies, and R3 is a psychological level with 2 matches. Standing near a 20 day moving average, S1 has found 9 confirmations, and Bollinger Lower Band is among the 5 matches for S2. S3 is supported by Price Channel Indicator Lower Line, a 50 day moving average and another study.
And the last pair for this report is the Dollar/Swiss Franc, which stands below R1 of 1 and above S1 of 0 9930.
R3 is confirmed by Price Channel Indicator Upper Line, a 4 year high, Bollinger Upper Band and 7 other models. R1 is an important psychological level with 3 studies, and R2 counts a 20 day moving average among its 2 matches. S1 is Bollinger Lower Band with 5 confirmations, and the other two support line have found 2 matches each, including Price Channel Indicator Lower Line for S2 and a 100 day moving average for S3.
That’s all for Monday’s Support and Resistance Level Report. Check back tomorrow when the next report will be available. Goodbye.
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