It’s time for another edition of the Support and Resistance Level Report. I’m Ben Jones and here’s how our in-house model tests out this Wednesday. Euro/Dollar recovered some ground yesterday and now stands between R1 of 1 2490 and S1 of 1 2460. R1 is well confirmed with 18 models, including a 2 year low and a psychological level. The second line has found 6 matches, and R3 is a 20 day moving average with 2 studies. S2 is supported by Price Channel Indicator Lower Line, Bollinger Lower Band and two other models. S3 has found 2 confirmations, and the highest support line sees a single match. The Cable has moved North and is now trading in the range limited by R1 of 1 5940 and S1 of 1 59. R2 counts a psychological level and a 20 day moving average among its 10 studies, and R1 is backed up by 3 models. R3 is a 50 day moving average with 2 confirmations. Standing near a 12 month low, S2 has found 7 matches. The highest support line sees 5 confirmations, and Price Channel Indicator Lower Line is among the 3 studies for S3. Dollar/Yen has been struggling to move higher, and it currently has R1 of 115 50 and S1 of 115 20. The lower two resistance lines have found 2 confirmations each, including Price Channel Indicator Upper Line for R2. Bollinger Upper Band is the only match for R3. Standing near a former 4 year high, S3 sees 8 confirmations, and the highest support line is backed up by 6 studies. S2 counts a psychological level among its 5 models. Dollar/Swiss Franc saw a decline yesterday, which leaves it between R1 of 0 9670 and S1 of 0 9640. R2 counts a 12 month high among its 8 studies, and the lowest resistance line has found 6 matches. R3 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band and 4 other models. S1 is the most confirmed support line with 10 studies. S3 is supported by a psychological level, a 50 day moving average and another model, and S2 counts a 20 day moving average as its only match. That concludes the Support and Resistance level report for Wednesday. We’ll be back tomorrow with the next report. See you then.
It’s time for another edition of the Support and Resistance Level Report. I’m Ben Jones and here’s how our in-house model tests out this Wednesday.
Euro/Dollar recovered some ground yesterday and now stands between R1 of 1 2490 and S1 of 1 2460.
R1 is well confirmed with 18 models, including a 2 year low and a psychological level. The second line has found 6 matches, and R3 is a 20 day moving average with 2 studies. S2 is supported by Price Channel Indicator Lower Line, Bollinger Lower Band and two other models. S3 has found 2 confirmations, and the highest support line sees a single match.
The Cable has moved North and is now trading in the range limited by R1 of 1 5940 and S1 of 1 59.
R2 counts a psychological level and a 20 day moving average among its 10 studies, and R1 is backed up by 3 models. R3 is a 50 day moving average with 2 confirmations. Standing near a 12 month low, S2 has found 7 matches. The highest support line sees 5 confirmations, and Price Channel Indicator Lower Line is among the 3 studies for S3.
Dollar/Yen has been struggling to move higher, and it currently has R1 of 115 50 and S1 of 115 20.
The lower two resistance lines have found 2 confirmations each, including Price Channel Indicator Upper Line for R2. Bollinger Upper Band is the only match for R3. Standing near a former 4 year high, S3 sees 8 confirmations, and the highest support line is backed up by 6 studies. S2 counts a psychological level among its 5 models.
Dollar/Swiss Franc saw a decline yesterday, which leaves it between R1 of 0 9670 and S1 of 0 9640.
R2 counts a 12 month high among its 8 studies, and the lowest resistance line has found 6 matches. R3 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band and 4 other models. S1 is the most confirmed support line with 10 studies. S3 is supported by a psychological level, a 50 day moving average and another model, and S2 counts a 20 day moving average as its only match.
That concludes the Support and Resistance level report for Wednesday. We’ll be back tomorrow with the next report. See you then.
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