12.07.2017 – Support and Resistance by Dukascopy
July 12, 2017 6:57 amVideo
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You’re watching the Support and Resistance Level Report for Wednesday. Here’s how our in-house model tests out.
Euro/Dollar has seen a notable rise, which leaves it between R1 of 1 15 and S1 of 1 1450.
Bollinger Upper Band is among the 3 studies for R2, while R1 is a psychological level with 2 models. R3 counts a 2 year high as its only match. Standing at a former 12 month high, S1 sees 7 confirmations, and Price Channel Indicator Lower Line is among the 3 models for S3. S2 is a 20 day moving average with 2 matches.
The Cable, however, has seen a drop and now stands below R1 of 1 2870 and above S1 of 1 2830.
Standing at a 50 day moving average, R1 sees 7 confirmations. Price Channel Indicator Upper Line is among the 5 models for R3, and R2 is a psychological level with 3 studies. S3 is confirmed by Price Channel Indicator Lower Line, Bollinger Lower Band, a 150 day moving average and another model. S1 is a 20 day moving average with 3 studies, and S2 counts a 100 day moving average among its 2 matches.
Dollar/Yen is down as well, now trading in the range limited by R1 of 113 60 and S1 of 113 30.
The lowest resistance line has found 7 matches. R2 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band and 3 other studies, and R3 is a psychological level with 2 models. The highest support line sees 9 confirmations, and S3 is a 20 day moving average with 5 matches, while S2 is a 150 day moving average with 3 studies.
And Dollar/Swiss Franc has seen its ups and downs, but it now has R1 of 0 9640 and S1 of 0 9610.
R1 leads in resistance with 13 studies, and R2 is a 20 day moving average with 5 models. R3 counts a 50 day moving average among its 2 matches. S2 is confirmed by Price Channel Indicator Lower Line, a 12 month low, Bollinger Lower Band and 4 other studies, and the highest support line has found 5 matches. S3 is a psychological level with 2 models.
This was the Support and Resistance Level Report for Wednesday with me, Jessica Walker. Check back in tomorrow for the next overview. Goodbye.
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