13.12.2016 – Support and Resistance by Dukascopy
December 13, 2016 7:51 amVideo
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Good morning, traders, the Dukascopy TV team brings you another Support and Resistance Level Report.
Euro/Dollar has recovered some ground, and it now has R1 of 1 0650 and S1 of 1 0620.
Bollinger Upper Band is among the 6 studies for R2, and R1 counts a 20 day moving average among its 5 models. R3 is a 50 day moving average with 2 matches. S2 is backed up by Price Channel Indicator Lower Line, Bollinger Lower Band, a 12 month low and 5 other studies. The highest support line sees 6 confirmations, and S3 is a 4 year low with 2 matches.
The Cable is up as well, trading between R1 of 1 2680 and S1 of 1 2630.
The lowest resistance line sees 7 confirmations, and Bollinger Upper Band is among the 3 studies for R2. R3 counts a psychological level as its only match. The highest support line sees 5 confirmations. S3 is backed up by Price Channel Indicator Lower Line, Bollinger Lower Band and another model, and S2 is a 20 day moving average with 2 matches.
Dollar/Yen has the closest levels of 115 50 in resistance and of 114 80 in support.
The lower two resistance lines have found 2 matches each, including Price Channel Indicator Upper Line for R2, and a psychological level is the only model for R3. S1 is a 6 month high with 4 models, and the other two support lines have found a single match each, namely, a 20 day moving average for S2 and a psychological level for S3.
And Dollar/Swiss Franc is trending lower, as it stands below R1 of 1 0160 and above S1 of 1 0120.
R1 is the most confirmed resistance line with 11 models. R2 is backed up by Bollinger Upper Band, a 6 month high, Price Channel Indicator Upper Line and 5 other studies, and R3 is a 4 year high with 3 matches. Standing near a 20 day moving average, S1 sees 7 confirmations, and Bollinger Lower Band is among the 3 matches for S2. A 50 day moving average is the only model for S3.
I’m Jack Everitt and that’s how our in-house model tests out today. Check back in tomorrow for the next overview. Goodbye.
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