It’s a new trading week, and the Dukascopy TV team is back with another Support and Resistance Level Report. First up is the Euro/Dollar, which is trading in the range limited by R1 of 1 0570 and S1 of 1 0530. R2 is a 20 day moving average with 5 matches, and R3 counts a 50 day moving average among its 3 models. The lowest resistance line sees 2 confirmations. S1 is backed up by Price Channel Indicator Lower Line, a 12 month low and 7 other studies, and S2 is a 4 year low with 3 models. There’s been renewed talk of reaching parity, so S3 is this very important psychological level with 2 models. The Cable finds itself between R1 of 1 2610 and S1 of 1 2550. The lowest resistance line sees 5 confirmations, and Bollinger Upper Band is among the 4 studies for R2. A psychological level is the only match for R3. S2 leads in support with 5 studies, including a 20 day moving average and a psychological level, whereas S1 sees 3 confirmations. Standing at a 50 day moving average, S3 has found 2 matches. Dollar/Yen stands below R1 of 115 70 and above S1 of 115. The lower two resistance lines have found 2 matches each, including Bollinger Upper Band for R2, and a psychological level is the one confirmation for R3. S2 is the most confirmed support line with 8 models, and S1 is a psychological level with 2 studies. A 20 day moving average is among the 2 matches for S3. And Dollar/Swiss Franc has the closest levels of 1 0210 in resistance and 1 0170 in support. R1 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band, a 6 month high and 7 other studies. R3 is a 4 year high with 3 models, and R2 counts a 20 day moving average among its 2 confirmations. The highest support line has found 10 matches, and S2 is a 20 day moving average with 9 models. S3 is backed up by a major psychological level, Bollinger Lower Band and 2 other studies. I’m Kiays Khalil and that’s how our in-house model tests out today, but the trading day is just getting started, so stay with us.
It’s a new trading week, and the Dukascopy TV team is back with another Support and Resistance Level Report.
First up is the Euro/Dollar, which is trading in the range limited by R1 of 1 0570 and S1 of 1 0530.
R2 is a 20 day moving average with 5 matches, and R3 counts a 50 day moving average among its 3 models. The lowest resistance line sees 2 confirmations. S1 is backed up by Price Channel Indicator Lower Line, a 12 month low and 7 other studies, and S2 is a 4 year low with 3 models. There’s been renewed talk of reaching parity, so S3 is this very important psychological level with 2 models.
The Cable finds itself between R1 of 1 2610 and S1 of 1 2550.
The lowest resistance line sees 5 confirmations, and Bollinger Upper Band is among the 4 studies for R2. A psychological level is the only match for R3. S2 leads in support with 5 studies, including a 20 day moving average and a psychological level, whereas S1 sees 3 confirmations. Standing at a 50 day moving average, S3 has found 2 matches.
Dollar/Yen stands below R1 of 115 70 and above S1 of 115.
The lower two resistance lines have found 2 matches each, including Bollinger Upper Band for R2, and a psychological level is the one confirmation for R3. S2 is the most confirmed support line with 8 models, and S1 is a psychological level with 2 studies. A 20 day moving average is among the 2 matches for S3.
And Dollar/Swiss Franc has the closest levels of 1 0210 in resistance and 1 0170 in support.
R1 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band, a 6 month high and 7 other studies. R3 is a 4 year high with 3 models, and R2 counts a 20 day moving average among its 2 confirmations. The highest support line has found 10 matches, and S2 is a 20 day moving average with 9 models. S3 is backed up by a major psychological level, Bollinger Lower Band and 2 other studies.
I’m Kiays Khalil and that’s how our in-house model tests out today, but the trading day is just getting started, so stay with us.
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