It’s a new trading week, and the Dukascopy TV team is back with another Support and Resistance Level Report. First up is the Euro/Dollar, which stands between R1 of 1 0650 and S1 of 1 0610. The lower two resistance lines see 4 confirmations each, including Bollinger Upper Band for R1 and Price Channel Indicator Upper Line for R2. Standing at a 100 day moving average, R3 has found 2 matches. S1 is a 50 day moving average with 9 studies. S3 is supported by Price Channel Indicator Lower Line, Bollinger Lower Band, a 4 year low and 5 other models, and S2 has found 4 matches, including a 20 day moving average and a psychological level. The Cable has opened lower, and it now has R1 of 1 2060 and S1 of 1 20. R2 is a 20 day moving average with 3 models. R3 is backed up by a 50 day moving average, Bollinger Upper Band and another study, and the lowest resistance line sees a single confirmation. Standing at a 4 year low, S2 has found 5 matches, and S1 is a psychological level with 3 studies. S3 counts another psychological level as its only confirmation. Dollar/Yen is trading in the range limited by R1 of 114 20 and S1 of 113 80. R3 is supported by Price Channel Indicator Upper Line, Bollinger Upper Band, a 6 month high and 2 other studies, and R2 is a psychological level with 4 models. The lowest resistance line has found 3 matches. S1 is backed up by Price Channel Indicator Lower Line, a 50 day moving average and 3 other studies, and the other two resistance lines see a single confirmation each, including a psychological level for S3. And Dollar/Swiss Franc has the closest levels of 1 0120 in resistance and 1 0080 in support. R1 counts a 50 day moving average among its 8 studies. R3 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band, a 4 year high and 5 other models, while R2 is a 20 day moving average with 3 matches. Bollinger Lower Band is among the 4 studies for S1, and Price Channel Indicator Lower Line is among the 4 models for S2. S3 is a 100 day moving average with 2 matches. I’m Celeste Skinner and that’s how our in-house model tests out this Monday morning, but the trading week is just getting started, so stay with us.
It’s a new trading week, and the Dukascopy TV team is back with another Support and Resistance Level Report.
First up is the Euro/Dollar, which stands between R1 of 1 0650 and S1 of 1 0610.
The lower two resistance lines see 4 confirmations each, including Bollinger Upper Band for R1 and Price Channel Indicator Upper Line for R2. Standing at a 100 day moving average, R3 has found 2 matches. S1 is a 50 day moving average with 9 studies. S3 is supported by Price Channel Indicator Lower Line, Bollinger Lower Band, a 4 year low and 5 other models, and S2 has found 4 matches, including a 20 day moving average and a psychological level.
The Cable has opened lower, and it now has R1 of 1 2060 and S1 of 1 20.
R2 is a 20 day moving average with 3 models. R3 is backed up by a 50 day moving average, Bollinger Upper Band and another study, and the lowest resistance line sees a single confirmation. Standing at a 4 year low, S2 has found 5 matches, and S1 is a psychological level with 3 studies. S3 counts another psychological level as its only confirmation.
Dollar/Yen is trading in the range limited by R1 of 114 20 and S1 of 113 80.
R3 is supported by Price Channel Indicator Upper Line, Bollinger Upper Band, a 6 month high and 2 other studies, and R2 is a psychological level with 4 models. The lowest resistance line has found 3 matches. S1 is backed up by Price Channel Indicator Lower Line, a 50 day moving average and 3 other studies, and the other two resistance lines see a single confirmation each, including a psychological level for S3.
And Dollar/Swiss Franc has the closest levels of 1 0120 in resistance and 1 0080 in support.
R1 counts a 50 day moving average among its 8 studies. R3 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band, a 4 year high and 5 other models, while R2 is a 20 day moving average with 3 matches. Bollinger Lower Band is among the 4 studies for S1, and Price Channel Indicator Lower Line is among the 4 models for S2. S3 is a 100 day moving average with 2 matches.
I’m Celeste Skinner and that’s how our in-house model tests out this Monday morning, but the trading week is just getting started, so stay with us.
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