The Dukascopy TV team is here with this week’s first Support and Resistance Level Report.
First up is the Euro/Dollar, which stands below R1 of 1 1270 and above S1 of 1 1230.
R2 counts Bollinger Upper Band among its 5 models, and Price Channel Indicator Upper Line is among the 3 studies for R3. The lowest resistance line has found 2 matches. Price Channel Indicator Lower Line is among the 5 models for S3, and S2 counts a 100 day moving average among its 4 matches. Standing near a 20 day moving average, S1 sees 3 confirmations.
Pound/Dollar has the closest levels of 1 43 in resistance and 1 4180 in support.
Standing at a 150 day moving average, R2 sees 5 confirmations. The lowest resistance line has found 2 matches, and Price Channel Indicator Upper Line is the only model for R3. Standing at a 4 year low, S3 sees 5 confirmations, and the upper two support lines have found 2 matches each, including Price Channel Indicator Lower Line for S1 and a psychological level for S2.
Dollar/Yen is currently trading in the range limited by R1 of 106 20 and S1 of 105 60.
R2 is the most confirmed resistance line with 8 models. R3 is a 50 day moving average with 6 studies, and the lowest line has found 4 matches. S1 counts a 12 month low among its 5 models, and S2 is a psychological level with 2 studies. A 2 year low is the only match for S3.
And last up is the Dollar/Swiss Franc, which stands between R1 of 0 9660 and S1 of 0 9610.
The lowest resistance line has found 8 models, and R3 sees 4 confirmations. A 50 day moving average is among the 3 studies for R2. S2 is backed up by Price Channel Indicator Lower Line, Bollinger Lower Band and 5 other models. The highest support line has found 3 matches, and S3 is a psychological level with 2 confirmations.
I’m Celeste Skinner and that’s how our in-house model tests out today. The Dukascopy TV team will keep you in the loop throughout your trading day, so check back.

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