It’s time for Thursday’s Support and Resistance Level Report. Let’s take a closer look at how our in-house model tests out. Euro/Dollar’s rise was followed by a drop and the pair stands below R1 of 1 1270 and above S1 of 1 1210. First line leads in resistance with 12 confirmations and it’s a 6 month high. R2 follows with 4 matches and it’s both a price channel indicator upper line and a Bollinger upper band. R3 is a 12 month high and it has a total of 2 confirmations. S1 is backed up by a 20 day moving average and 13 more models. S2 sees 5 matches and 3 studies are near S3, which is a Bollinger lower band. Pound/Dollar has retreated from R1 of 1 2810 and it now has S1 of 1 2720. A 50 day moving average is one of the 4 confirmations for R1. R2 is near 3 studies and a 20 day moving average is one of them. R3 is a psychological level. The first two support levels both have 5 matches and the second level is near a Bollinger lower band and a price channel indicator lower line. S3 is close to 2 studies and a 100 day moving average is one of them. Next up is the Dollar/Yen, which is trading in the range limited by R1 of 110 and S1 of 109 20. R1 has a total of 11 confirmations and it’s a psychological level. R2 posts 6 matches and 4 studies are near R3, which is a 20 day moving average. All three support levels have an equal number of 3 confirmations. The first line is a Bollinger lower band and S2 is confirmed by a price channel indicator lower line. Dollar/Swissie has R1 of 0 9740 and S1 of 0 97. R1 leads in resistance with 3 matches. The second line has 2 confirmations, including a Bollinger upper band. R3 is backed up by a 50 day moving average. A 20 day moving average is one of the 13 matches for S1. S2 is confirmed by a 6 month low and 11 more models. S3 posts 5 matches and it’s both a Bollinger lower band and a price channel indicator lower line. I’m Celeste Skinner and you’ve been watching the Support and Resistance Level Report for Thursday. We’ll be back tomorrow with the next overview of the key price levels, so see you then.
It’s time for Thursday’s Support and Resistance Level Report. Let’s take a closer look at how our in-house model tests out.
Euro/Dollar’s rise was followed by a drop and the pair stands below R1 of 1 1270 and above S1 of 1 1210.
First line leads in resistance with 12 confirmations and it’s a 6 month high. R2 follows with 4 matches and it’s both a price channel indicator upper line and a Bollinger upper band. R3 is a 12 month high and it has a total of 2 confirmations. S1 is backed up by a 20 day moving average and 13 more models. S2 sees 5 matches and 3 studies are near S3, which is a Bollinger lower band.
Pound/Dollar has retreated from R1 of 1 2810 and it now has S1 of 1 2720.
A 50 day moving average is one of the 4 confirmations for R1. R2 is near 3 studies and a 20 day moving average is one of them. R3 is a psychological level. The first two support levels both have 5 matches and the second level is near a Bollinger lower band and a price channel indicator lower line. S3 is close to 2 studies and a 100 day moving average is one of them.
Next up is the Dollar/Yen, which is trading in the range limited by R1 of 110 and S1 of 109 20.
R1 has a total of 11 confirmations and it’s a psychological level. R2 posts 6 matches and 4 studies are near R3, which is a 20 day moving average. All three support levels have an equal number of 3 confirmations. The first line is a Bollinger lower band and S2 is confirmed by a price channel indicator lower line.
Dollar/Swissie has R1 of 0 9740 and S1 of 0 97.
R1 leads in resistance with 3 matches. The second line has 2 confirmations, including a Bollinger upper band. R3 is backed up by a 50 day moving average. A 20 day moving average is one of the 13 matches for S1. S2 is confirmed by a 6 month low and 11 more models. S3 posts 5 matches and it’s both a Bollinger lower band and a price channel indicator lower line.
I’m Celeste Skinner and you’ve been watching the Support and Resistance Level Report for Thursday. We’ll be back tomorrow with the next overview of the key price levels, so see you then.
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