The Dukascopy TV team is here with this week’s last Support and Resistance Level Report. Here’s how our in-house model tests out. We start with traders’ favourite pair, the Euro/Dollar, which has R1 of 1 1930 and S1 of 1 19. R1 leads in resistance with 8 models. R3 is backed up by Bollinger Upper Band, a 2 year high and 5 other studies, and R2 is a psychological level with 4 confirmations. Standing at a 20 day moving average, S1 has found 10 matches, and Price Channel Indicator Lower Line is among the 3 models for S3. S2 is a 50 day moving average with 2 models. The Cable had a notable jump yesterday, and it’s now between R1 of 1 3440 and S1 of 1 3320. R2 is a psychological level with 2 confirmations, while the other two resistance lines have found a single match each, namely, a 12 month high for R1 and a psychological level for R3. S2 leads in support with 6 studies, while the highest support line has found 4 matches. S3 is confirmed by a 50 day moving average, a psychological level and another model. Dollar/Yen has the closest levels of 110 50 in resistance and 110 20 in support. Standing at a 50 day moving average, R1 sees 7 confirmations. R2 is backed up by Price Channel Indicator Upper Line, a 100 day moving average, Bollinger Upper Band and 3 other studies, and a 150 day moving average is the only match for R3. S2 is a 20 day moving average with 9 models, and the highest support line sees 4 confirmations. S3 is supported by a 6 month low and Bollinger Lower Band. And Dollar/Swiss Franc stands below R1 of 0 9650 and above S1 of 0 9610. The lowest resistance line has found 5 matches, and Price Channel Indicator Upper Line is among the 4 studies for R3. Standing at a 100 day moving average, R2 sees 2 confirmations. S2 is the most confirmed support line with 12 models, and S1 is a 50 day moving average with 8 studies. A psychological level is among the 4 matches for S3. I’m Celeste Skinner and this was the Support and Resistance Level Report for Friday. Stay with Dukascopy TV for the latest in forex markets.
The Dukascopy TV team is here with this week’s last Support and Resistance Level Report. Here’s how our in-house model tests out.
We start with traders’ favourite pair, the Euro/Dollar, which has R1 of 1 1930 and S1 of 1 19.
R1 leads in resistance with 8 models. R3 is backed up by Bollinger Upper Band, a 2 year high and 5 other studies, and R2 is a psychological level with 4 confirmations. Standing at a 20 day moving average, S1 has found 10 matches, and Price Channel Indicator Lower Line is among the 3 models for S3. S2 is a 50 day moving average with 2 models.
The Cable had a notable jump yesterday, and it’s now between R1 of 1 3440 and S1 of 1 3320.
R2 is a psychological level with 2 confirmations, while the other two resistance lines have found a single match each, namely, a 12 month high for R1 and a psychological level for R3. S2 leads in support with 6 studies, while the highest support line has found 4 matches. S3 is confirmed by a 50 day moving average, a psychological level and another model.
Dollar/Yen has the closest levels of 110 50 in resistance and 110 20 in support.
Standing at a 50 day moving average, R1 sees 7 confirmations. R2 is backed up by Price Channel Indicator Upper Line, a 100 day moving average, Bollinger Upper Band and 3 other studies, and a 150 day moving average is the only match for R3. S2 is a 20 day moving average with 9 models, and the highest support line sees 4 confirmations. S3 is supported by a 6 month low and Bollinger Lower Band.
And Dollar/Swiss Franc stands below R1 of 0 9650 and above S1 of 0 9610.
The lowest resistance line has found 5 matches, and Price Channel Indicator Upper Line is among the 4 studies for R3. Standing at a 100 day moving average, R2 sees 2 confirmations. S2 is the most confirmed support line with 12 models, and S1 is a 50 day moving average with 8 studies. A psychological level is among the 4 matches for S3.
I’m Celeste Skinner and this was the Support and Resistance Level Report for Friday. Stay with Dukascopy TV for the latest in forex markets.
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