You’re watching the Support and Resistance Level Report for Thursday. Here’s how our in-house model tests out.
Euro/Dollar has seen a jump which now puts it between R1 of 1 1850 and S1 of 1 1820.
The lowest resistance line has found 3 matches, and R3 is a psychological level with 2 confirmations. Bollinger Upper Band is the only model for R2. Standing at a 50 day moving average, S2 sees 5 confirmations, and S1 is a 20 day moving average with 4 models. Price Channel Indicator Lower Line is among the 2 studies for S3.
The Cable is up as well and now has R1 of 1 3460 and S1 of 1 3420.
Standing near a major psychological level, R2 sees 5 confirmations. The lowest resistance line has found 4 matches, whereas R3 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band and 2 other models. S1 leads in support with 6 studies, and S2 is a 20 day moving average with 4 confirmations. Standing at a 50 day moving average, S3 has found 2 matches.
Dollar/Yen has seen a decline, which leaves it below R1 of 112 90 and above S1 of 112 40.
R2 is the most confirmed resistance line with 11 studies, and R1 counts a 50 day moving average among its 4 models. R3 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band and another confirmation. Standing at a 20 day moving average, S1 has found 5 matches, and S2 is a 150 day moving average with 3 studies. S3 is supported by Bollinger Lower Band, Price Channel Indicator Lower Line and another model.
And Dollar/Swiss Franc now has the closest levels of 0 9870 in resistance and 0 9840 in support.
R2 is the most confirmed resistance line with 11 models, and R1 counts a 50 day moving average among its 9 studies. R3 is a psychological level with 3 confirmations. S2 is supported by Bollinger Lower Band, a 100 day moving average and 2 other studies, and S1 sees 3 confirmations. S3 has found 3 matches, including a 150 day moving average and Price Channel Indicator Lower Line.
This was the Support and Resistance Level Report. I’m Jack Everitt and we’ll be back tomorrow with this week’s last overview. See you then.

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