The Dukascopy TV team is back with another edition of the Support and Resistance Level Report. I’m Alex Iszatt and here’s a closer look at how our in-house model tests out this Monday. The first pair for this report is the Euro/Dollar, which is trading in the range limited by R1 of 1 2980 and S1 of 1 2950. R3 is backed up by a 12 month low, a 20 day moving average and 4 other models, and a 10 day moving average is among the 4 matches for R1. The second line counts a psychological level among its 3 studies. S1 leads in support with 9 studies, and S2 counts Price Channel Indicator Lower Line among its 3 matches. S3 is confirmed by Bollinger Lower Band and another model. The Cable has seen limited movement over the weekend, and it has R1 of 1 6270 and S1 of 1 6240. R3 counts a 20 day moving average and a 6 month low among its 7 studies. Standing near a 10 day moving average, R2 sees 5 confirmations, and the lowest resistance line has found 2 matches. S1 is the most confirmed support line with 9 models, and Bollinger Lower Band is among the 6 studies for S3. The second line sees 5 confirmations. Next up is the Dollar/Yen, which finds itself between R1 of 107 30 and S1 of 107. R1 counts Price Channel Indicator Upper Line and Bollinger Upper Band among its 9 studies, and the second line has found 3 matches. The highest resistance line sees a single confirmation. S1 is backed up by 5 models, and S3 is a former 4 year high with 4 studies. A 10 day moving average is the only match for S2. And the last pair for this report is the Dollar/Swiss Franc, which stands below R1 of 0 9350 and above S1 of 0 9320. R1 leads in resistance with 8 studies, and R2 counts Price Channel Indicator Upper Line and Bollinger Upper Band among its 5 models. R3 is a 12 month high with 2 matches. S1 has found 10 confirmations, and S2 is a 10 day moving average with 3 studies. Standing at a 20 day moving average, S3 is backed up by 2 models. You’ve been watching the Support and Resistance Level Report for Monday. Check back in tomorrow for the next overview of the key price levels. Goodbye.
The Dukascopy TV team is back with another edition of the Support and Resistance Level Report. I’m Alex Iszatt and here’s a closer look at how our in-house model tests out this Monday.
The first pair for this report is the Euro/Dollar, which is trading in the range limited by R1 of 1 2980 and S1 of 1 2950.
R3 is backed up by a 12 month low, a 20 day moving average and 4 other models, and a 10 day moving average is among the 4 matches for R1. The second line counts a psychological level among its 3 studies. S1 leads in support with 9 studies, and S2 counts Price Channel Indicator Lower Line among its 3 matches. S3 is confirmed by Bollinger Lower Band and another model.
The Cable has seen limited movement over the weekend, and it has R1 of 1 6270 and S1 of 1 6240.
R3 counts a 20 day moving average and a 6 month low among its 7 studies. Standing near a 10 day moving average, R2 sees 5 confirmations, and the lowest resistance line has found 2 matches. S1 is the most confirmed support line with 9 models, and Bollinger Lower Band is among the 6 studies for S3. The second line sees 5 confirmations.
Next up is the Dollar/Yen, which finds itself between R1 of 107 30 and S1 of 107.
R1 counts Price Channel Indicator Upper Line and Bollinger Upper Band among its 9 studies, and the second line has found 3 matches. The highest resistance line sees a single confirmation. S1 is backed up by 5 models, and S3 is a former 4 year high with 4 studies. A 10 day moving average is the only match for S2.
And the last pair for this report is the Dollar/Swiss Franc, which stands below R1 of 0 9350 and above S1 of 0 9320.
R1 leads in resistance with 8 studies, and R2 counts Price Channel Indicator Upper Line and Bollinger Upper Band among its 5 models. R3 is a 12 month high with 2 matches. S1 has found 10 confirmations, and S2 is a 10 day moving average with 3 studies. Standing at a 20 day moving average, S3 is backed up by 2 models.
You’ve been watching the Support and Resistance Level Report for Monday. Check back in tomorrow for the next overview of the key price levels. Goodbye.
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