The Dukascopy TV team is back with another Support and Resistance Level Report. I’m Sam Meredith with a closer look at how our in-house model tests out this Monday.
The first pair for this report is the Euro/Dollar, which is trading in the range limited by R1 of 1 0980 and S1 of 1 0950.
The lowest resistance line has found 8 matches, and R3 is backed up by 4 models, including a 150 day moving average and Bollinger Upper Band. R2 is a 100 day moving average with 3 studies. Standing at a 20 day moving average, S1 sees 7 confirmations. S2 is supported by Price Channel Indicator Lower Line, Bollinger Lower Band, a 3 month low and 2 other models, and a psychological level is the only match for S3.
Next up is the Cable, which stands between R1 of 1 5510 and S1 of 1 5480.
R2 is a 50 day moving average with 7 studies, and R1 counts a psychological level among its 5 confirmations. R3 is Bollinger Upper Band with 2 models. Bollinger Lower Band is among the 4 studies for S1, and the other two support lines have found 2 matches each, including Price Channel Indicator Lower Line for S2 and a 150 day moving average for S3.
Dollar/Yen has the closest levels of 124 50 in resistance and 124 10 in support.
R1 leads in resistance with 8 studies, and R2 counts Bollinger Upper Band among its 7 models. R3 is a 4 year high with 6 confirmations. Standing near a 20 day moving average, S1 sees 9 matches. S2 is a 50 day moving average with 4 models, and Bollinger Lower Band is the only confirmation for S3.
And Dollar/Swiss Franc finds itself below R1 of 0 9840 and above S1 of 0 98.
R2 counts Price Channel Indicator Upper Line among its 5 studies, and Bollinger Upper Band is among the 4 models for R1. Standing at an important psychological level, R3 sees 3 confirmations. S1 is the most confirmed support line with 8 studies, and S3 is a 20 day moving average with 4 confirmations. Standing at a 3 month high, S2 has found 3 matches.
You’ve been watching the Support and Resistance Level Report for Monday. Check back in tomorrow when the next overview will be available. Goodbye.

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