Dollar has declined across the board so let’s see how our in-house model tests out this Thursday morning. I’m Sinead MacLaughlin with the Support and Resistance Level Report. Euro/Dollar has been bullish over the last couple of days, and it now has R1 of 1 1050 and S1 of 1 0980. R1 leads in resistance with 4 models, including Price Channel Indicator Upper Line and a 100 day moving average, and R2 is a 150 day moving average with 2 matches. R3 is confirmed by a 3 month high and a psychological level. Standing at a 6 month low, S3 has found 7 matches, and Bollinger Upper Band is among the 3 studies for S1. S2 counts a 20 day moving average as its only confirmation. The Cable has rebounded and is currently trading in the range limited by R1 of 1 5190 and S1 of 1 5140. The lowest resistance line has found 2 matches. R2 is Bollinger Upper Band with 2 studies, and R3 counts a 150 day moving average among its 2 confirmations. S2 is supported by a psychological level, a 6 month low and 4 other models. S3 is a 4 year low with 3 confirmations, and a 20 day moving average is among the 2 matches for S1. Dollar/Yen has seen a decline, which leaves it between R1 of 121 90 and S1 of 121 10. Standing at a 20 day moving average, R2 sees 9 confirmations. R3 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band, a 3 month high and 3 other models, and the lowest resistance line has found a single match. The upper two support lines see 2 confirmations each, including Price Channel Indicator Lower Line for S1 and a psychological level for S2, while a 3 month low is the only match for S3. And Dollar/Swiss Franc is down as well, as it finds itself below R1 of 0 9860 and above S1 of 0 9820. R2 is an important psychological level with 7 studies, and the lowest resistance line has found 4 matches. R3 is a 20 day moving average with 2 confirmations. S1 counts Price Channel Indicator Lower Line among its 3 studies, and S2 is a 150 day moving average with 2 matches. A 3 month low is the only confirmation for S3. You’ve been watching the Support and Resistance Level Report for Thursday. Check back in tomorrow to track the latest developments. Goodbye.
Dollar has declined across the board so let’s see how our in-house model tests out this Thursday morning. I’m Sinead MacLaughlin with the Support and Resistance Level Report.
Euro/Dollar has been bullish over the last couple of days, and it now has R1 of 1 1050 and S1 of 1 0980.
R1 leads in resistance with 4 models, including Price Channel Indicator Upper Line and a 100 day moving average, and R2 is a 150 day moving average with 2 matches. R3 is confirmed by a 3 month high and a psychological level. Standing at a 6 month low, S3 has found 7 matches, and Bollinger Upper Band is among the 3 studies for S1. S2 counts a 20 day moving average as its only confirmation.
The Cable has rebounded and is currently trading in the range limited by R1 of 1 5190 and S1 of 1 5140.
The lowest resistance line has found 2 matches. R2 is Bollinger Upper Band with 2 studies, and R3 counts a 150 day moving average among its 2 confirmations. S2 is supported by a psychological level, a 6 month low and 4 other models. S3 is a 4 year low with 3 confirmations, and a 20 day moving average is among the 2 matches for S1.
Dollar/Yen has seen a decline, which leaves it between R1 of 121 90 and S1 of 121 10.
Standing at a 20 day moving average, R2 sees 9 confirmations. R3 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band, a 3 month high and 3 other models, and the lowest resistance line has found a single match. The upper two support lines see 2 confirmations each, including Price Channel Indicator Lower Line for S1 and a psychological level for S2, while a 3 month low is the only match for S3.
And Dollar/Swiss Franc is down as well, as it finds itself below R1 of 0 9860 and above S1 of 0 9820.
R2 is an important psychological level with 7 studies, and the lowest resistance line has found 4 matches. R3 is a 20 day moving average with 2 confirmations. S1 counts Price Channel Indicator Lower Line among its 3 studies, and S2 is a 150 day moving average with 2 matches. A 3 month low is the only confirmation for S3.
You’ve been watching the Support and Resistance Level Report for Thursday. Check back in tomorrow to track the latest developments. Goodbye.
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