11.11.2014 – Support and Resistance by Dukascopy
November 11, 2014 8:15 amVideo
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Hello, I’m Sinead MacLaughlin here in the Dukascopy TV centre with another Support and Resistance Level Report. Let’s see how our in-house model tests out today.
Euro/Dollar has seen a decline and is now trading in the range limited by R1 of 1 2450 and S1 of 1 2390.
Standing near a 2 year low, R2 is well confirmed with 16 studies. R3 counts a psychological level among its 6 models, and the lowest resistance line has found 2 matches. The upper two support lines see 4 confirmations each, including Price Channel Indicator Lower Line and Bollinger Lower Band for S2. S3 is backed up by a single study.
The Cable is down as well, and it finds itself between R1 of 1 5880 and S1 of 1 5830.
A psychological level is among the 13 matches for R2, and R1 counts a 6 month low among its 6 studies. Standing near a 20 day moving average, R3 sees 5 confirmations. S1 has found 8 matches, including Bollinger Lower Band, and S2 is Price Channel Indicator Lower Line with 3 studies. The lowest support line sees a single confirmation.
Dollar/Yen is on the rise again, and it has the closest levels of 115 30 in resistance and 115 in support.
R1 is the most confirmed resistance line with 6 studies, and Price Channel Indicator Upper Line is among the 3 models for R2. R3 counts Bollinger Upper Band as its only match. S3 is a former 4 year high with 8 confirmations, and a psychological level is among the 3 studies for S1. The second line has found 2 matches.
Dollar/Swiss Franc has moved higher as well, and it stands below R1 of 0 9690 and above S1 of 0 9660.
R1 is a 12 month high with 7 studies, and Bollinger Upper Band is among the 6 matches for R2. Standing at a 2 year high, R3 sees a single confirmation. S1 leads in support with 6 studies, and S2 is a 20 day moving average with 3 models. A psychological level is among the 2 matches for S3.
That concludes the Support and Resistance Level Report for Tuesday. Check back in tomorrow when the next report will be available. Goodbye.
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