It’s time for this week’s last Support and Resistance Level Report. I’m Monica Gibson and here’s how our in-house model tests out this Friday. Euro/Dollar has been moving in waves, and it now stands below R1 of 1 2440 and above S1 of 1 2410. R2 counts a former 2 year low among its 16 confirmations, and the lowest resistance line has found 7 matches. A psychological level is among the 6 studies for R3. S2 counts Price Channel Indicator Lower Line among its 4 models. S1 is backed up by 3 studies, and S3 sees 2 confirmations, including Bollinger Lower Band. The Cable has been moving South over the last couple of days, and it now has R1 of 1 5690 and S1 of 1 5650. R3 is a 20 day moving average with 8 confirmations, and the second line counts a former 12 month low among its 7 matches. R1 is backed up by Price Channel Indicator Lower Line and another model. S1 leads in support with 3 studies, and the other two support lines have found a single match each. S3 is a psychological level. Dollar/Yen has been moving ever higher, and it currently stands between R1 of 116 60 and S1 of 116 20. This pair sees little resistance at this level, as all three resistance lines have found a single match each. R2 is Bollinger Upper Band, and R3 is an important psychological level. The lowest support line sees 7 confirmations, and a psychological level is among the 6 studies for S2. S1 counts Price Channel Indicator Lower Line among its 4 matches. And last up is the Dollar/Swiss Franc, which has the closest levels of 0 9680 in resistance and 0 9650 in support. Standing near a 12 month high, R1 sees 12 confirmations. R3 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band and four other models, and the second line has found 2 matches. S1 is the most confirmed support line with 12 studies, and a 20 day moving average is among the 6 models for S2. S3 is supported by a psychological level, a 50 day moving average and another model. That’s all for Friday’s Support and Resistance Level Report. We’ll be back on Monday with the next report, but until then, it’s goodbye.
It’s time for this week’s last Support and Resistance Level Report. I’m Monica Gibson and here’s how our in-house model tests out this Friday.
Euro/Dollar has been moving in waves, and it now stands below R1 of 1 2440 and above S1 of 1 2410.
R2 counts a former 2 year low among its 16 confirmations, and the lowest resistance line has found 7 matches. A psychological level is among the 6 studies for R3. S2 counts Price Channel Indicator Lower Line among its 4 models. S1 is backed up by 3 studies, and S3 sees 2 confirmations, including Bollinger Lower Band.
The Cable has been moving South over the last couple of days, and it now has R1 of 1 5690 and S1 of 1 5650.
R3 is a 20 day moving average with 8 confirmations, and the second line counts a former 12 month low among its 7 matches. R1 is backed up by Price Channel Indicator Lower Line and another model. S1 leads in support with 3 studies, and the other two support lines have found a single match each. S3 is a psychological level.
Dollar/Yen has been moving ever higher, and it currently stands between R1 of 116 60 and S1 of 116 20.
This pair sees little resistance at this level, as all three resistance lines have found a single match each. R2 is Bollinger Upper Band, and R3 is an important psychological level. The lowest support line sees 7 confirmations, and a psychological level is among the 6 studies for S2. S1 counts Price Channel Indicator Lower Line among its 4 matches.
And last up is the Dollar/Swiss Franc, which has the closest levels of 0 9680 in resistance and 0 9650 in support.
Standing near a 12 month high, R1 sees 12 confirmations. R3 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band and four other models, and the second line has found 2 matches. S1 is the most confirmed support line with 12 studies, and a 20 day moving average is among the 6 models for S2. S3 is supported by a psychological level, a 50 day moving average and another model.
That’s all for Friday’s Support and Resistance Level Report. We’ll be back on Monday with the next report, but until then, it’s goodbye.
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