Hello, I’m Imogen Comrie with another Support and Resistance Level Report. Let’s see how our in-house model tests out on this last day of the trading week. The first pair for this report is the Euro/Dollar, which has the closest levels of 1 2730 in resistance and 1 2690 in support. R3 is confirmed by Price Channel Indicator Upper Line, Bollinger Upper Band, a psychological level and another study. R2 is a 20 day moving average with 3 models, and the lowest resistance line has found 2 matches. S3 leads in support with 6 studies, including Price Channel Indicator Lower Line, Bollinger Lower Band, and a psychological level. S2 is a 2 year low with 5 confirmations, and the highest support line is backed up by 4 models. The Cable has seen some decline and is now trading in the range limited by R1 of 1 6140 and S1 of 1 6090. R1 is the most confirmed resistance line with 5 models, and R2 is a 20 day moving average with 4 matches. R3 is backed up by a 50 day moving average and Bollinger Upper Band. S2 counts a former 6 month low among its 7 studies, and the highest support line has found 6 matches. S3 is confirmed by Bollinger Lower Band and an important psychological level. Dollar/Yen has seen limited movement and now stands between R1 of 107 80 and S1 of 107 50. Standing at a 4 year high, R3 is well confirmed with 12 studies, and R2 is a 20 day moving average with 7 models. The lowest resistance line has found 5 matches. The upper two support lines are confirmed by 2 studies each, including Bollinger Lower Band for S2, and S3 counts Price Channel Indicator Lower Line as its only match. And last up is the Dollar/Swiss Franc, which finds itself below R1 of 0 9550 and above S1 of 0 9520. A 12 month high is among the 11 confirmations for R2, and the lowest resistance line has found 8 matches. R3 counts Bollinger Upper Band among its 5 studies. S1 is the most confirmed support line with 6 models. Standing near a psychological level, S2 has found 4 matches, and S3 is supported by Price Channel Indicator Lower Line and another model. That’s all for Friday’s Support and Resistance Level Report. We’ll be returning on Monday with the next edition. See you then.
Hello, I’m Imogen Comrie with another Support and Resistance Level Report. Let’s see how our in-house model tests out on this last day of the trading week.
The first pair for this report is the Euro/Dollar, which has the closest levels of 1 2730 in resistance and 1 2690 in support.
R3 is confirmed by Price Channel Indicator Upper Line, Bollinger Upper Band, a psychological level and another study. R2 is a 20 day moving average with 3 models, and the lowest resistance line has found 2 matches. S3 leads in support with 6 studies, including Price Channel Indicator Lower Line, Bollinger Lower Band, and a psychological level. S2 is a 2 year low with 5 confirmations, and the highest support line is backed up by 4 models.
The Cable has seen some decline and is now trading in the range limited by R1 of 1 6140 and S1 of 1 6090.
R1 is the most confirmed resistance line with 5 models, and R2 is a 20 day moving average with 4 matches. R3 is backed up by a 50 day moving average and Bollinger Upper Band. S2 counts a former 6 month low among its 7 studies, and the highest support line has found 6 matches. S3 is confirmed by Bollinger Lower Band and an important psychological level.
Dollar/Yen has seen limited movement and now stands between R1 of 107 80 and S1 of 107 50.
Standing at a 4 year high, R3 is well confirmed with 12 studies, and R2 is a 20 day moving average with 7 models. The lowest resistance line has found 5 matches. The upper two support lines are confirmed by 2 studies each, including Bollinger Lower Band for S2, and S3 counts Price Channel Indicator Lower Line as its only match.
And last up is the Dollar/Swiss Franc, which finds itself below R1 of 0 9550 and above S1 of 0 9520.
A 12 month high is among the 11 confirmations for R2, and the lowest resistance line has found 8 matches. R3 counts Bollinger Upper Band among its 5 studies. S1 is the most confirmed support line with 6 models. Standing near a psychological level, S2 has found 4 matches, and S3 is supported by Price Channel Indicator Lower Line and another model.
That’s all for Friday’s Support and Resistance Level Report. We’ll be returning on Monday with the next edition. See you then.
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