It’s time for this week’s last Support and Resistance Level Report. Here’s how our in-house model tests out. Euro/Dollar has lost some ground and now stands between R1 of 1 18 and S1 of 1 1760. R1 counts a 100 day moving average among its 10 models, and a 20 day moving average is among the 7 studies for R2. R3 is Price Channel Indicator Upper Line with 3 technicals. Standing at a 50 day moving average, S1 sees 5 confirmations. S2 is supported by Price Channel Indicator Lower Line, Bollinger Lower Band and 2 other models, and S3 is a 150 day moving average with 2 studies. The Cable has the closest levels of 1 3470 in resistance and 1 3420 in support. R3 is confirmed by Price Channel Indicator Upper Line, Bollinger Upper Band and 3 other studies, whereas the lower two resistance lines have found 4 matches each, including a psychological level for R2. Standing near a 20 day moving average, S2 sees 10 confirmations, and the highest support line has found 8 matches. S3 counts a 50 day moving average among its 2 models. Dollar/Yen has seen a decline, which leaves it below R1 of 112 40 and above S1 of 112 10. Standing near a 50 day moving average, R2 has found 8 matches. R1 counts a 20 day moving average among its 4 models, and R3 is backed up by Bollinger Upper Band and Price Channel Indicator Upper Line. S1 leads in support with 5 models, and S2 is a 150 day moving average with 4 models. S3 is supported by Price Channel Indicator Lower Line, Bollinger Lower Band and 2 other studies. And Dollar/Swiss Franc is trading in the range limited by R1 of 0 9890 and S1 of 0 9860. R1 is well confirmed with 12 models, including a 50 day moving average. R2 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band and 3 other studies, and R3 is a major psychological level with 2 confirmations. Standing at a 20 day moving average, S1 has found 8 matches, and the lower two support lines see 3 confirmations each, including a 100 day moving average and Bollinger Lower Band for S2 and a 150 day moving average and Price Channel Indicator Lower Line for S3. I’m Kiays Khalil and this was the Support and Resistance Level Report for Friday. We’ll be back on Monday, but until then, goodbye.
It’s time for this week’s last Support and Resistance Level Report. Here’s how our in-house model tests out.
Euro/Dollar has lost some ground and now stands between R1 of 1 18 and S1 of 1 1760.
R1 counts a 100 day moving average among its 10 models, and a 20 day moving average is among the 7 studies for R2. R3 is Price Channel Indicator Upper Line with 3 technicals. Standing at a 50 day moving average, S1 sees 5 confirmations. S2 is supported by Price Channel Indicator Lower Line, Bollinger Lower Band and 2 other models, and S3 is a 150 day moving average with 2 studies.
The Cable has the closest levels of 1 3470 in resistance and 1 3420 in support.
R3 is confirmed by Price Channel Indicator Upper Line, Bollinger Upper Band and 3 other studies, whereas the lower two resistance lines have found 4 matches each, including a psychological level for R2. Standing near a 20 day moving average, S2 sees 10 confirmations, and the highest support line has found 8 matches. S3 counts a 50 day moving average among its 2 models.
Dollar/Yen has seen a decline, which leaves it below R1 of 112 40 and above S1 of 112 10.
Standing near a 50 day moving average, R2 has found 8 matches. R1 counts a 20 day moving average among its 4 models, and R3 is backed up by Bollinger Upper Band and Price Channel Indicator Upper Line. S1 leads in support with 5 models, and S2 is a 150 day moving average with 4 models. S3 is supported by Price Channel Indicator Lower Line, Bollinger Lower Band and 2 other studies.
And Dollar/Swiss Franc is trading in the range limited by R1 of 0 9890 and S1 of 0 9860.
R1 is well confirmed with 12 models, including a 50 day moving average. R2 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band and 3 other studies, and R3 is a major psychological level with 2 confirmations. Standing at a 20 day moving average, S1 has found 8 matches, and the lower two support lines see 3 confirmations each, including a 100 day moving average and Bollinger Lower Band for S2 and a 150 day moving average and Price Channel Indicator Lower Line for S3.
I’m Kiays Khalil and this was the Support and Resistance Level Report for Friday. We’ll be back on Monday, but until then, goodbye.
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