Start your new trading week with the Dukascopy TV team and our Support and Resistance Level Report. I’m Louise McCauley and here’s how our in-house model tests out today. Euro/Dollar saw a sharp drop on Friday and now stands between R1 of 1 1350 and S1 of 1 1320. Standing near a 10 day moving average, R1 sees 8 confirmations. R2 is a 20 day moving average with 7 studies, and a psychological level is the only match for R3. S2 is supported by Price Channel Indicator Lower Line, a 4 year low and 7 other models. The highest line has found 8 confirmations, and S3 counts a psychological level among its 2 studies. The Cable has inched lower as well, and it currently has R1 of 1 5290 and S1 of 1 5210. Price Channel Indicator Upper Line is among the 3 studies for R2, and R1 is Bollinger Upper Band with 2 confirmations. The highest resistance line counts 50 day moving average as its only match. S3 is confirmed by Price Channel Indicator Lower Line, a 12 month low and 4 other studies. S2 is a 20 day moving average with 5 matches, and the highest support line sees 3 confirmations. Next up is the Dollar/Yen, which has the closest levels of 119 10 in resistance and 118 50 in support. R3 leads in resistance with 6 studies, including a 4 year high, and Bollinger Upper Band is among the 3 models for R1. R2 is confirmed by Price Channel Indicator Upper Line and a psychological level. S2 is well supported with 14 studies, including a 20 day moving average, and Price Channel Indicator Lower Line is among the 2 matches for S3. The highest support line sees a single match. And last up is the Dollar/Swiss Franc, which stands below R1 of 0 9260 and above S1 of 0 9230. The lowest resistance line has found 7 matches. Standing at a 150 day moving average, R2 sees 2 confirmations, and R3 is a psychological level with a single match. S1 is the most confirmed support line with 9 models, and S2 is a 10 day moving average with 5 studies. A 20 day moving average is the only confirmation for S3. You’ve been watching the Support and Resistance Level Report for Monday. Check back in tomorrow when the next report will be available. See you then.
Start your new trading week with the Dukascopy TV team and our Support and Resistance Level Report. I’m Louise McCauley and here’s how our in-house model tests out today.
Euro/Dollar saw a sharp drop on Friday and now stands between R1 of 1 1350 and S1 of 1 1320.
Standing near a 10 day moving average, R1 sees 8 confirmations. R2 is a 20 day moving average with 7 studies, and a psychological level is the only match for R3. S2 is supported by Price Channel Indicator Lower Line, a 4 year low and 7 other models. The highest line has found 8 confirmations, and S3 counts a psychological level among its 2 studies.
The Cable has inched lower as well, and it currently has R1 of 1 5290 and S1 of 1 5210.
Price Channel Indicator Upper Line is among the 3 studies for R2, and R1 is Bollinger Upper Band with 2 confirmations. The highest resistance line counts 50 day moving average as its only match. S3 is confirmed by Price Channel Indicator Lower Line, a 12 month low and 4 other studies. S2 is a 20 day moving average with 5 matches, and the highest support line sees 3 confirmations.
Next up is the Dollar/Yen, which has the closest levels of 119 10 in resistance and 118 50 in support.
R3 leads in resistance with 6 studies, including a 4 year high, and Bollinger Upper Band is among the 3 models for R1. R2 is confirmed by Price Channel Indicator Upper Line and a psychological level. S2 is well supported with 14 studies, including a 20 day moving average, and Price Channel Indicator Lower Line is among the 2 matches for S3. The highest support line sees a single match.
And last up is the Dollar/Swiss Franc, which stands below R1 of 0 9260 and above S1 of 0 9230.
The lowest resistance line has found 7 matches. Standing at a 150 day moving average, R2 sees 2 confirmations, and R3 is a psychological level with a single match. S1 is the most confirmed support line with 9 models, and S2 is a 10 day moving average with 5 studies. A 20 day moving average is the only confirmation for S3.
You’ve been watching the Support and Resistance Level Report for Monday. Check back in tomorrow when the next report will be available. See you then.
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