This is the Support and Resistance Level Report for Wednesday. Here’s how our in-house model tests out.
The first pair for this report is the Euro/Dollar, which has R1 of 1 20 and S1 of 1 1970.
R2 is confirmed by Bollinger Upper Band, a 2 year high and 6 other studies. R1 is a psychological level with 7 models, and the highest resistance line has found a single match. Standing at a 20 day moving average, S2 sees 6 confirmations, whereas the highest support line has found 5 matches. S3 counts a 50 day moving average as its only model.
The Cable is trading in the range limited by R1 of 1 3330 and S1 of 1 3270.
R1 leads in resistance with 2 studies, while the upper two lines have found a single match each, that is, a 12 month high for R2 and a psychological level for R3. S1 is a former 6 month high with 4 confirmations, while the second line has found 3 matches. S3 is supported by a 50 day moving average, a psychological level and another study.
Dollar/Yen has been trending higher and now stands between R1 of 110 30 and S1 of 110.
R2 has found 4 matches, including Price Channel Indicator Upper Line and Bollinger Upper Band. R3 is a 100 day moving average with 3 studies, and the lowest resistance line sees 2 confirmations. Standing at a 20 day moving average, S2 has found 8 matches. S1 is a psychological level with 7 studies, while S3 sees 3 confirmations, including a 6 month low and Bollinger Lower Band.
And Dollar/Swiss Franc has the closest levels of 0 9610 in resistance and 0 9580 in support.
Standing at a 50 day moving average, R1 sees 7 confirmations. R2 is confirmed by Bollinger Upper Band, a 100 day moving average and another model, while R3 counts a 150 day moving average as its only match. S1 counts a 20 day moving average among its 10 studies. S3 is supported by Price Channel Indicator Lower Line, a 2 year low and 6 other models, and S2 is a psychological level with 4 confirmations.
You’ve been watching the Support and Resistance Level Report. I’m Celeste Skinner and we’ll be back tomorrow with the next overview. Goodbye.

You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#220748

Смотрите Dukascopy TV на вашем языке: http://www.youtube.com/user/dukascopytvrussian
用您的语言观看杜高斯贝电视: http://www.youtube.com/user/dukascopytvchinese
Miren Dukascopy TV en su idioma: http://www.youtube.com/user/dukascopytvspanish
Schauen Sie Dukascopy TV in Ihrer Sprache: http://www.youtube.com/user/dukascopytvgerman
Regardez la Dukascopy TV dans votre langue: http://www.youtube.com/user/dukascopytvfrench
Veja a TV Dukascopy na sua língua: http://www.youtube.com/user/dukascopytvpt

Dukascopy TV is a free educational project producing daily updates on global markets, visit http://Dukascopy.com/tv for more

Trade Forex, Commodities, Stocks and more, trade CFDs on the Plus 500 CFD trading platform! *CFD Service. 80.6% lose money - Register a real money account here and get trading right away.