Hello, I’m Ben Jones with another Support and Resistance Level Report. Let’s see how our in-house model tests out this Wednesday. Euro/Dollar has moved South, and it now stands below R1 of 1 2650 and above S1 of 1 2620. The lowest resistance line has found 5 matches, and R2 is a 20 day moving average with 3 studies. R3 is backed up by Bollinger Upper Band and another model. Standing at a 2 year low, S2 sees 6 confirmations, and the highest support line has found 5 matches. S3 is Bollinger Lower Band with 3 models. The Cable saw a strong drop yesterday, which leaves it between R1 of 1 5920 and S1 of 1 5880. A former 6 month low is among the 8 models for R2. R1 has found 3 matches, including Bollinger Lower Band, and R3 is confirmed by a 20 day moving average and another study. S1 counts Price Channel Indicator Lower Line among its 2 models, and the other two support lines see a single confirmation each, including a 12 month low for S2. Dollar/Yen has been moving in waves, and it now has R1 of 107 60 and 107 20. R3 is a 4 year high with 9 confirmations, and the lowest resistance line has found 4 matches. A 20 day moving average is among the 3 models for R2. S1 leads in support with 8 studies, including Bollinger Lower Band, and S3 is a 50 day moving average with 3 confirmations. The second line is backed up by Price Channel Indicator Lower Line and another model. And last up is the Dollar/Swiss Franc, which is trading in the range limited by R1 of 0 9560 and S1 of 0 9530. Standing at a 12 month high, R2 has found 9 confirmations, and the lowest resistance line is backed up by 6 studies. R3 counts Bollinger Upper Band among its 5 studies. S1 is the most confirmed support line with 14 models. S2 counts a 20 day moving average and a psychological level among its 6 matches, and S3 is Bollinger Lower Band with 2 confirmations. That concludes the Support and Resistance Level Report for Wednesday. Check back in tomorrow for the next overview of the key price levels. Goodbye.
Hello, I’m Ben Jones with another Support and Resistance Level Report. Let’s see how our in-house model tests out this Wednesday.
Euro/Dollar has moved South, and it now stands below R1 of 1 2650 and above S1 of 1 2620.
The lowest resistance line has found 5 matches, and R2 is a 20 day moving average with 3 studies. R3 is backed up by Bollinger Upper Band and another model. Standing at a 2 year low, S2 sees 6 confirmations, and the highest support line has found 5 matches. S3 is Bollinger Lower Band with 3 models.
The Cable saw a strong drop yesterday, which leaves it between R1 of 1 5920 and S1 of 1 5880.
A former 6 month low is among the 8 models for R2. R1 has found 3 matches, including Bollinger Lower Band, and R3 is confirmed by a 20 day moving average and another study. S1 counts Price Channel Indicator Lower Line among its 2 models, and the other two support lines see a single confirmation each, including a 12 month low for S2.
Dollar/Yen has been moving in waves, and it now has R1 of 107 60 and 107 20.
R3 is a 4 year high with 9 confirmations, and the lowest resistance line has found 4 matches. A 20 day moving average is among the 3 models for R2. S1 leads in support with 8 studies, including Bollinger Lower Band, and S3 is a 50 day moving average with 3 confirmations. The second line is backed up by Price Channel Indicator Lower Line and another model.
And last up is the Dollar/Swiss Franc, which is trading in the range limited by R1 of 0 9560 and S1 of 0 9530.
Standing at a 12 month high, R2 has found 9 confirmations, and the lowest resistance line is backed up by 6 studies. R3 counts Bollinger Upper Band among its 5 studies. S1 is the most confirmed support line with 14 models. S2 counts a 20 day moving average and a psychological level among its 6 matches, and S3 is Bollinger Lower Band with 2 confirmations.
That concludes the Support and Resistance Level Report for Wednesday. Check back in tomorrow for the next overview of the key price levels. Goodbye.
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