It’s a new trading week, and the Dukascopy TV team is back with another Support and Resistance Level Report.
The first pair for this report is the Euro/Dollar, which has R1 of 1 1830 and S1 of 1 18.
Standing at a 2 year high, R2 has found 10 matches, and the lowest resistance line sees 6 confirmations. Price Channel Indicator Upper Line is among the 2 models for R3. The highest support line sees 9 confirmations, while S2 is a 20 day moving average with 3 matches. S3 is supported by Bollinger Lower Band, a psychological level and another model.
The Cable is trading in the range limited by R1 of 1 3030 and S1 of 1 30.
R3 is confirmed by Bollinger Upper Band, a 6 month high and 7 other studies. R2 is a 20 day moving average with 6 models, whereas the lowest resistance line has found 4 matches. S1 is a psychological level with 10 models, and S2 counts a 50 day moving average among its 3 matches. Standing at a 100 day moving average, S3 sees 2 confirmations.
Dollar/Yen has the closest levels of 109 90 in resistance and 109 50 in support.
R2 is well confirmed with 12 models, including a 20 day moving average, while R1 counts a psychological level among its 8 confirmations. R3 is a 100 day moving average with 3 matches. S3 counts Price Channel Indicator Lower Line among its 5 models, and the upper two support lines see 4 matches each, including Bollinger Lower Band for S2.
And Dollar/Swiss Franc stands between R1 of 0 9670 and S1 of 0 9640.
The lowest resistance line has found 9 matches. R2 is confirmed by Price Channel Indicator Upper Line, a 100 day moving average and 2 other studies, and a 150 day moving average is the only model for R3. Standing near a 50 day moving average, S1 sees 9 confirmations. S3 is supported by Price Channel Indicator Lower Line, Bollinger Lower Band, a 12 month low and 4 other models, whereas S2 is a psychological level with 2 confirmations.
So that’s how our in-house model tests out this Monday morning. I’m Jessica Walker and the trading week is just getting started, so stay with us.

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