11.09.2014 – Support and Resistance by Dukascopy
September 11, 2014 6:55 amVideo
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Hello, I’m Imogen Comrie and you’re watching the Support and Resistance Level Report for Thursday. Here’s how our in-house model tests out today.
Euro/Dollar has seen limited movement, mostly trading in the range limited by R1 of 1 2930 and S1 of 1 2880.
R1 is the most confirmed resistance line with 10 studies. R3 is a 6 month low with 9 models, and the second line counts a psychological level among its 2 matches. S2 is backed up by Price Channel Indicator Lower Line, Bollinger Lower Band and two other studies, and S1 has found 3 matches. The lowest support line sees a single confirmation.
The Cable went up yesterday, and it now has R1 of 1 6210 and S1 of 1 6130.
A 6 month low is among the 7 models for R3, and the lower two resistance lines have found a single match each, including a 10 day moving average for R2. S1 counts Bollinger Lower Band among its 5 studies, and S2 sees 2 confirmations, including Price Channel Indicator Lower Line. S3 is a psychological level with a single match.
Dollar/Yen has inched higher as well, and it stands between R1 of 107 10 and S1 of 106 70.
The lower two resistance lines are backed up by 2 studies each, and R3 counts a psychological level as its only confirmation. Standing at an important psychological level, S3 sees 10 matches, and S2 counts a former 4 year high among its 5 models. Bollinger Lower Band is among the 2 studies for S1.
And last up is the Dollar/Swiss Franc, which has the closest levels of 0 94 in resistance and 0 9370 in support.
R1 counts Price Channel Indicator Upper Line among its 3 studies, and R2 is a 12 month high with a single confirmation. Standing at a psychological level, R3 has found a single match. S3 leads in support with 14 models, including a 20 day moving average and a 6 month high, and the highest support line counts Bollinger Lower Band among its 5 studies. S2 is a 10 day moving average with 2 matches.
You’ve been watching the Support and Resistance Level Report for Thursday. Check back in tomorrow for the next overview of the key price levels. Goodbye.
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