You’re watching another Support and Resistance Level Report. I’m Sam Meredith and here’s a look at how our in-house model tests out on this last day of the trading week.
First up is the Euro/Dollar, which stands between R1 of 1 1210 and S1 of 1 1140.
R1 is backed up by price channel indicator upper line and 2 more models. R2 and R3 both have a single match and the highest line is a 3 month high. S2 leads in support with 4 confirmations, including a 150 day moving average. S1 and S3 have 3 matches each. S1 is bollinger upper band and S3 is a 100 day moving average.
The Cable has R1 of 1 5660 and S1 of 1 5590.
R1 has bollinger upper band among its 4 confirmations. R3 follows with 2 matches and only price channel indicator upper line is near R2. S1 has found a total of 14 confirmations and it’s a 50 day moving average. S2 sees 6 matches, including bollinger lower band and a psychological level. Price channel indicator lower line is one of the 3 confirmations for S3.
Dollar/Yen is below R1 of 124 50 and above S1 of 124 10.
A10 day moving average is one of the 13 matches for R1. R2 is backed up by bollinger upper band, psychological level and 5 more models. R3 sees 3 confirmations and it’s a price channel indicator upper line. S1 has found 7 matches and a 20 day moving average is one of them. S2 and S3 both have 2 confirmations. S2 is a 50 day moving average and S3 is a bollinger lower band.
And last up is the Dollar/Swissie, which has R1 of 0 9780 and S1 of 0 97.
R1 is confirmed by a 10 day moving average and 10 more models. R2 sees 4 matches and it’s a bollinger upper band. R3 has price channel indicator upper line among its 2 confirmations. S1 leads in support with 6 matches, including a 20 day moving average. S2 is backed up by a 50 day moving average and a psychological level and S3 is a price channel indicator lower line.
That concludes the Support and Resistance Level Report for Friday. As usual, we’ll be back on Monday with the next review of the price levels. Goodbye.

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