15.03.2016 – Support and Resistance by Dukascopy
March 15, 2016 8:02 amVideo
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You’ re watching the Support and Resistance Level Report for Tuesday. Here’s how our in-house model tests out today.
Euro/Dollar has inched lower, and it now stands below R1 of 1 1150 and above S1 of 1 1090.
R1 leads in resistance with 4 models, and Bollinger Upper Band is among the 3 studies for R2. Price Channel Indicator Upper Line is the only match for R3. Standing at a 150 day moving average, S2 sees 9 confirmations. S3 is backed up by a psychological level, a 50 day moving average and 3 other models, whereas S1 has found 3 matches.
The Cable has seen a decline, which leaves it between R1 of 1 4310 and S1 of 1 4240.
All three resistance lines have found exactly 2 matches each. R1 is a 50 day moving average, R2 is Bollinger Upper Band, and R3 is Price Channel Indicator Upper Line. S2 leads in support with 12 studies, and a 20 day moving average is among the 5 models for S3. The highest support line has found a single match.
The next pair for this report is the Dollar/Yen, which currently has R1 of 113 60 and S1 of 113 30.
R1 is the most confirmed resistance line with 19 models, and R3 has found 3 matches, including a psychological level and Price Channel Indicator Upper Line. Bollinger Upper Band is among the 2 studies for R2. Standing at a 20 day moving average, S1 has found 4 matches, and the second line sees 3 confirmations. Bollinger Lower Band is the only model for S3.
And Dollar/Swiss Franc has spent the last 24 hours trading in the range limited by R1 of 0 9880 and S1 of 0 9840.
R3 is well confirmed with 11 models, including a 100 day moving average and a psychological level. R2 is a 20 day moving average with 9 matches, and R1 counts a 150 day moving average among its 8 studies. Standing near Bollinger Lower Band, S1 has found 5 matches. Price Channel Indicator Lower Line is among the 2 models for S2, and a psychological level is the only confirmation for S3.
I’m Sam Meredith and this was Tuesday’s Support and Resistance Level Report, but there’s plenty of news to cover today, so stay with Dukascopy TV.
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