It’s a new trading week, and the Dukascopy TV team is back with another Support and Resistance Level Report. Here’s how our in-house model tests out this Monday.
Euro/Dollar currently stands between R1 of 1 1450 and S1 of 1 1380.
R1 has a price channel indicator upper line and a 12 month high among its 8 confirmations. R2 posts 3 matches and it’s both a psychological level and a Bollinger upper band. R3 is a 2 year high. S1 has found 7 matches. S2 and S3 both have 2 confirmations. The second line is a 20 day moving average and S3 is a 50 day moving average.
Next up is the Cable, which is trading in the range limited by R1 of 1 2920 and S1 of 1 2870.
R1 leads in resistance with 11 confirmations. R2 sees 6 matches and 2 studies are near R3, which is a psychological level. S2 is confirmed by a 20 day moving average and 4 more models. S1 follows with 3 matches and a 50 day moving average is one of them. S3 has a 100 day moving average among its 2 matches.
Dollar/Yen has the closest levels of 114 40 in resistance and 114 10 in support.
R1 is a 3 month high with a total of 3 confirmations. R2 and R3 both have just a single match and the second line is a psychological level. S2 is backed up by a total of 9 studies. S1 and S3 have 5 matches each. The first line is confirmed by a Bollinger upper band and a price channel indicator upper line and S3 is a 150 day moving average.
And Dollar/Swiss Franc finds itself below R1 of 0 9670 and above S1 of 0 9620.
R1 is confirmed by a 20 day moving average and 4 more models. R2 follows with 4 matches and it’s both a 50 day moving average and a price channel indicator upper line. There are 2 studies near R3, which is a Bollinger upper band. S1 leads in support with 9 confirmations. S2 follows with 8 matches, including a price channel indicator lower line, a Bollinger lower band and a 12 month low. S3 is a psychological level and it has a total of 3 matches.
You’ve been watching the Support and Resistance Level overview for Monday with me,Kiays Khalil. Check back in tomorrow when the next report will be available. Goodbye.

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