Hello, I’m Monica Gibson and you’re watching this week’s first Support and Resistance Level Report. Here’s how our in-house model tests out on this Monday. Euro/Dollar has recovered some ground and is now trading in the range limited by R1 of 1 2490 and S1 of 1 2430. R1 is well confirmed by 14 studies, including a former 2 year low, and the second line has found 5 matches. A 20 day moving average is the only confirmation for R3. S2 counts Price Channel Indicator Lower Line among its 3 models. S3 is backed up by 2 studies, and the highest support line has found a single match. The Cable has inched higher, and it has the closest levels of 1 5920 in resistance and 1 5890 in support. Standing near a psychological level, R2 sees 13 confirmations. R3 is a 20 day moving average with 4 studies, and the lowest resistance line has found 2 matches. S2 is supported by Bollinger Lower Band, a 12 month high and 3 other models, and S1 sees 4 confirmations. Price Channel Indicator Lower Line is among the 3 matches for S3. Next up is the Dollar/Yen, which currently stands below R1 of 114 30 and above S1 of 114. R3 is confirmed by Bollinger Upper Band, Price Channel Indicator Upper Line and two other studies. R2 is a psychological level with 3 models, and the lowest resistance line has found 2 matches. Standing near a former 4 year high, S3 sees 9 confirmations, and the second line is backed up by 4 studies. S1 has found 3 matches. Dollar/Swiss Franc has seen a decline, which leaves it between R1 of 0 9660 and S1 of 0 9630. The lowest resistance line is confirmed by 5 models. R2 is Bollinger Upper Band with 4 studies, and a 2 year high is among the 2 matches for R3. S1 is the most confirmed support line with 9 models. S3 counts a 50 day moving average among its 5 studies, and S2 is a 20 day moving average with 2 matches. That concludes Monday’s Support and Resistance Level Report. Check back in tomorrow for the next overview of the key price levels. Goodbye.
Hello, I’m Monica Gibson and you’re watching this week’s first Support and Resistance Level Report. Here’s how our in-house model tests out on this Monday.
Euro/Dollar has recovered some ground and is now trading in the range limited by R1 of 1 2490 and S1 of 1 2430.
R1 is well confirmed by 14 studies, including a former 2 year low, and the second line has found 5 matches. A 20 day moving average is the only confirmation for R3. S2 counts Price Channel Indicator Lower Line among its 3 models. S3 is backed up by 2 studies, and the highest support line has found a single match.
The Cable has inched higher, and it has the closest levels of 1 5920 in resistance and 1 5890 in support.
Standing near a psychological level, R2 sees 13 confirmations. R3 is a 20 day moving average with 4 studies, and the lowest resistance line has found 2 matches. S2 is supported by Bollinger Lower Band, a 12 month high and 3 other models, and S1 sees 4 confirmations. Price Channel Indicator Lower Line is among the 3 matches for S3.
Next up is the Dollar/Yen, which currently stands below R1 of 114 30 and above S1 of 114.
R3 is confirmed by Bollinger Upper Band, Price Channel Indicator Upper Line and two other studies. R2 is a psychological level with 3 models, and the lowest resistance line has found 2 matches. Standing near a former 4 year high, S3 sees 9 confirmations, and the second line is backed up by 4 studies. S1 has found 3 matches.
Dollar/Swiss Franc has seen a decline, which leaves it between R1 of 0 9660 and S1 of 0 9630.
The lowest resistance line is confirmed by 5 models. R2 is Bollinger Upper Band with 4 studies, and a 2 year high is among the 2 matches for R3. S1 is the most confirmed support line with 9 models. S3 counts a 50 day moving average among its 5 studies, and S2 is a 20 day moving average with 2 matches.
That concludes Monday’s Support and Resistance Level Report. Check back in tomorrow for the next overview of the key price levels. Goodbye.
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