You’re watching the Dukascopy Support and Resistance Level Report. Here’s a look at how our in-house model tests out on this last day of the trading week.
Euro/Dollar trades between R1 of 1 1290 and S1 of 1 1180.
R1 is confirmed by a 20 day moving average and 4 more models. R2 follows with 3 matches and it’s a price channel indicator upper line. R3 is a psychological level and a 6 month high. All three support levels have an equal number of 2 matches. The first line is a 50 day moving average, S2 is a Bollinger lower band and S3 is a price channel indicator lower line.
The Cable stands below R1 of 1 4190 and it has S1 of 1 4090.
R2 leads in resistance with 7 confirmations, including a 50 day moving average. R1 posts 4 matches and 3 alternative studies are near R3, which is confirmed by a Bollinger upper band. S3 is a 4 year low with a total of 6 matches. The first two support levels both have 5 confirmations and the second level is a price channel indicator lower line, Bollinger lower band and a psychological level.
Dollar/Yen has been relatively flat and it’s currently trading between R1 of 110 and S1 of 109 50.
R2 has a 20 day moving average among its 3 confirmations. A psychological level is one of the 2 matches for R1 and a 50 day moving average is near R3. S1 has found 6 matches and it’s followed by S2, which is near 5 alternative studies, including price channel indicator lower line and a Bollinger lower band. S3 is a psychological level.
And last up for this report is Dollar/Swissie, which has R1 of 0 9690 and S1 of 0 9640.
R1 and R2 both have 3 confirmations and the second line is confirmed by a Bollinger upper band and a 50 day moving average. R3 is a 150 day moving average. S2 leads in support with 14 confirmations. S3 posts 7 matches and it’s backed up by a price channel indicator lower line, Bollinger lower band and a psychological level. A 20 day moving average is one of the 4 matches for S1.
I’m Louise McCauley and that brings Friday’s Support and Resistance Level Report to an end. We’ll be back on Monday with the next review of the key price levels. Goodbye.

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