Good morning, traders, the Dukascopy TV team is here with Thursday’s Support and Resistance Level Report. We start with trader’s favourite pair, the Euro/Dollar, which stands between R1 of 1 1610 and S1 of 1 1580. R1 is the most confirmed resistance line with 19 studies, and R2 is a 100 day moving average with 3 models. A 50 day moving average is the only match for R3. S1 leads in support with 9 studies, while S3 is backed up by a psychological level, a 150 day moving average and 2 other studies. Price Channel Indicator Lower Line is among the 3 models for S2. The Cable is trading in the range limited by R1 of 1 3160 and S1 of 1 3120. The lowest resistance line sees 5 confirmations, and R2 is a 20 day moving average with 4 studies. Standing at a 50 day moving average, R3 has found 3 matches. S2 is supported by Bollinger Lower Band, Price Channel Indicator Lower Line and 5 other technicals, and S1 sees 3 confirmations. S3 has found 2 matches, namely, a 150 day moving average and a psychological level. Dollar/Yen has the closest levels of 113 70 in resistance and 113 40 in support. R1 leads in resistance with 11 studies, and R2 has found 3 matches, including Price Channel Indicator Upper Line and Bollinger Upper Band. R3 is a psychological level with 2 models. S1 counts a 20 day moving average among its 3 studies, and S3 is backed up by Price Channel Indicator Lower Line, a 100 day moving average and another model. S2 is a 50 day moving average with 2 matches. And Dollar/Swiss Franc is still trading below R1 of 1 and above S1 of 0 9970. By now, R1 is confirmed by no less than 25 models, including a major psychological level, whereas Price Channel Indicator Upper Line is among the 7 studies for R2. R3 is backed up by Bollinger Upper Band, a 6 month high and 3 other studies. S1 leads in support with 12 models, and the lower two lines have found 2 matches each, including a 20 day moving average for S2 and a 150 day moving average for S3. I’m Kiays Khalil and that’s how our in-house model tests out this Thursday morning. Check back in tomorrow for this week’s last overview.
Good morning, traders, the Dukascopy TV team is here with Thursday’s Support and Resistance Level Report.
We start with trader’s favourite pair, the Euro/Dollar, which stands between R1 of 1 1610 and S1 of 1 1580.
R1 is the most confirmed resistance line with 19 studies, and R2 is a 100 day moving average with 3 models. A 50 day moving average is the only match for R3. S1 leads in support with 9 studies, while S3 is backed up by a psychological level, a 150 day moving average and 2 other studies. Price Channel Indicator Lower Line is among the 3 models for S2.
The Cable is trading in the range limited by R1 of 1 3160 and S1 of 1 3120.
The lowest resistance line sees 5 confirmations, and R2 is a 20 day moving average with 4 studies. Standing at a 50 day moving average, R3 has found 3 matches. S2 is supported by Bollinger Lower Band, Price Channel Indicator Lower Line and 5 other technicals, and S1 sees 3 confirmations. S3 has found 2 matches, namely, a 150 day moving average and a psychological level.
Dollar/Yen has the closest levels of 113 70 in resistance and 113 40 in support.
R1 leads in resistance with 11 studies, and R2 has found 3 matches, including Price Channel Indicator Upper Line and Bollinger Upper Band. R3 is a psychological level with 2 models. S1 counts a 20 day moving average among its 3 studies, and S3 is backed up by Price Channel Indicator Lower Line, a 100 day moving average and another model. S2 is a 50 day moving average with 2 matches.
And Dollar/Swiss Franc is still trading below R1 of 1 and above S1 of 0 9970.
By now, R1 is confirmed by no less than 25 models, including a major psychological level, whereas Price Channel Indicator Upper Line is among the 7 studies for R2. R3 is backed up by Bollinger Upper Band, a 6 month high and 3 other studies. S1 leads in support with 12 models, and the lower two lines have found 2 matches each, including a 20 day moving average for S2 and a 150 day moving average for S3.
I’m Kiays Khalil and that’s how our in-house model tests out this Thursday morning. Check back in tomorrow for this week’s last overview.
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