Let’s find out what support and resistance levels are close for the 4 non-cross majors on this week’s last trading day.
Euro/Dollar trades between R1 of 1 1110 and S1 of 1 1050.
R2 is backed up by a 150 day moving average and 9 more models. R1 follows with 9 confirmations and 4 alternative studies are near R3, which is a 20 day moving average. S1 leads in support with 6 confirmations. S2 and S3 both have 2 matches. The second line is a psychological level and S3 is a Bollinger lower band.
Pound/Dollar currently stands below R1 of 1 30 and above S1 of 1 2880.
The first two resistance levels both have 3 confirmations. The first line is a psychological level and R2 is a 10 day moving average. The highest resistance level is a psychological level with a total of 2 matches. All three support levels have an equal number of 2 matches. The second line is confirmed by a price channel indicator lower line and S3 is a Bollinger lower band.
Dollar/Yen has R1 of 100 60 and S1 of 100.
R2 has a 10 day moving average among its 5 confirmations. R1 follows with 4 matches and R3 is a psychological level. S2 is confirmed y a price channel indicator lower line, 2 year low and 5 more models. S1 has Bollinger lower band and a psychological level among its 3 matches and S3 is also a psychological level.
Last up is the Dollar/Swissie, which finds itself between R1 of 0 9790 and S1 of 0 9750.
R1 has found a total of 9 matches. R2 follows with 6 confirmations, including a 150 day moving average. R3 is a 3 month high with a total of 3 matches. S1 leads in support with 18 matches and it’s a 100 day moving average. A 20 day moving average is one of the 3 matches for S2 and S3 is backed up by a Bollinger lower band.
I’m Celeste Skinner and this is how the Dukascopy S&R model tests out on Friday. Click back on Monday for the next report, but for now, goodbye.

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