Hello, I’m Alex Iszatt with another edition of the Support and Resistance Level Report. Here’s a closer look at how our in-house model tests out this Wednesday. Euro/Dollar has been moving in waves and now stands below R1 of 1 2650 and above S1 of 1 2620. R2 is the most confirmed resistance line with 5 studies, and a 10 day moving average is among the 4 models for R1. R3 counts a 20 day moving average as its only match. The highest support line sees 9 confirmations, and S2 is a former 2 year low with 6 matches. S3 is backed up by Price Channel Indicator Lower Line, a psychological level and three other studies. The Cable has seen its ups and downs, and it is currently trading in the range limited by R1 of 1 6080 and S1 of 1 6050. R2 counts a 10 day moving average among its 7 matches, and R3 is a 20 day moving average with 6 studies. The lowest resistance line sees 5 confirmations. Standing at what used to be a 6 month low, S1 has found 6 matches. S3 is backed up by Price Channel Indicator Lower Line and another model, and the second line counts a psychological level as its only confirmation. The last 24 hours have been predominantly bearish for the Dollar/Yen, which now stands between R1 of 108 50 and S1 of 108 20. R3 is well confirmed with 12 studies, including a 4 year high. R1 is a 20 day moving average with 6 studies and R2 counts a 10 day moving average among its 4 models. S3 is backed up by Price Channel Indicator Lower Line, a psychological level and another study. The other two support lines have found a single match each, including Bollinger Lower Band for S2. And the last pair for this report is the Dollar/Swiss Franc, which has R1 of 0 9610 and S1 of 0 9580. A former 12 year high is among the 10 matches for R1, and R2 counts Price Channel Indicator Upper Line among its 6 models. The highest resistance line is a 2 year high with one confirmation. S1 leads in support with 7 studies, and S2 counts a psychological level among its 3 matches. S3 is a 20 day moving average with 3 confirmations. You’ve been watching the Support and Resistance Level Report for Wednesday. We’ll be back tomorrow with the next overview of the key price levels. See you then.
Hello, I’m Alex Iszatt with another edition of the Support and Resistance Level Report. Here’s a closer look at how our in-house model tests out this Wednesday.
Euro/Dollar has been moving in waves and now stands below R1 of 1 2650 and above S1 of 1 2620.
R2 is the most confirmed resistance line with 5 studies, and a 10 day moving average is among the 4 models for R1. R3 counts a 20 day moving average as its only match. The highest support line sees 9 confirmations, and S2 is a former 2 year low with 6 matches. S3 is backed up by Price Channel Indicator Lower Line, a psychological level and three other studies.
The Cable has seen its ups and downs, and it is currently trading in the range limited by R1 of 1 6080 and S1 of 1 6050.
R2 counts a 10 day moving average among its 7 matches, and R3 is a 20 day moving average with 6 studies. The lowest resistance line sees 5 confirmations. Standing at what used to be a 6 month low, S1 has found 6 matches. S3 is backed up by Price Channel Indicator Lower Line and another model, and the second line counts a psychological level as its only confirmation.
The last 24 hours have been predominantly bearish for the Dollar/Yen, which now stands between R1 of 108 50 and S1 of 108 20.
R3 is well confirmed with 12 studies, including a 4 year high. R1 is a 20 day moving average with 6 studies and R2 counts a 10 day moving average among its 4 models. S3 is backed up by Price Channel Indicator Lower Line, a psychological level and another study. The other two support lines have found a single match each, including Bollinger Lower Band for S2.
And the last pair for this report is the Dollar/Swiss Franc, which has R1 of 0 9610 and S1 of 0 9580.
A former 12 year high is among the 10 matches for R1, and R2 counts Price Channel Indicator Upper Line among its 6 models. The highest resistance line is a 2 year high with one confirmation. S1 leads in support with 7 studies, and S2 counts a psychological level among its 3 matches. S3 is a 20 day moving average with 3 confirmations.
You’ve been watching the Support and Resistance Level Report for Wednesday. We’ll be back tomorrow with the next overview of the key price levels. See you then.
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