It’s time for Wednesday’s Support and Resistance Level Report. Let’s see how our in-house model tests out today. First up is the Euro/Dollar, which is mostly trading in the range limited by R1 of 1 1120 and S1 of 1 1090. The lowest resistance line has found 5 matches, and R2 counts Bollinger Upper Band among its 3 studies. Price Channel Indicator Upper Line is among the 2 models for R3. S2 is a 150 day moving average with 9 studies, and the highest support line sees 7 confirmations. S3 is backed up by a 50 day moving average, a psychological level and 3 other models. Pound/Dollar has been inching lower and now stands below R1 of 1 4150 and above S1 of 1 41. Standing at a 20 day moving average, R1 sees 5 confirmations. Price Channel Indicator Upper Line is among the 2 models for R3, and a 50 day moving average is the only match for R2. S3 is backed up by Price Channel Indicator Lower Line, Bollinger Lower Band, a 4 year low and 5 other models, whereas the other two support lines see a single confirmation each. S2 is a psychological level. Dollar/Yen has regained some ground, and it currently has R1 of 113 50 and S1 of 113 20. R1 is the most confirmed resistance line with 11 models. R3 is backed up by Price Channel Indicator Upper Line, a psychological level and another study, and Bollinger Upper Band is among the 2 matches for R2. S3 is supported by Price Channel Indicator Lower Line, a 12 month low and 5 other models. S1 is a 20 day moving average with 4 studies, and Bollinger Lower Band is among the 2 matches for S2. And the last pair for this report is the Dollar/Swiss Franc, which stands between R1 of 0 9900 and S1 of 0 9870. R2 counts a 50 day moving average among its 7 models, and R3 has found 6 matches, including Bollinger Upper Band and a psychological level. The lowest resistance line sees 5 confirmations. S1 is well confirmed with 12 models, including a 150 day moving average, and Bollinger Lower Band is among the 5 studies for S2. S3 counts Price Channel Indicator Lower Line among its 2 matches. You’ve been watching the Support and Resistance Level Report with me, Monica Gibson, but this is a busy day in the forex markets, so stay with Dukascopy TV to follow the latest developments.
It’s time for Wednesday’s Support and Resistance Level Report. Let’s see how our in-house model tests out today.
First up is the Euro/Dollar, which is mostly trading in the range limited by R1 of 1 1120 and S1 of 1 1090.
The lowest resistance line has found 5 matches, and R2 counts Bollinger Upper Band among its 3 studies. Price Channel Indicator Upper Line is among the 2 models for R3. S2 is a 150 day moving average with 9 studies, and the highest support line sees 7 confirmations. S3 is backed up by a 50 day moving average, a psychological level and 3 other models.
Pound/Dollar has been inching lower and now stands below R1 of 1 4150 and above S1 of 1 41.
Standing at a 20 day moving average, R1 sees 5 confirmations. Price Channel Indicator Upper Line is among the 2 models for R3, and a 50 day moving average is the only match for R2. S3 is backed up by Price Channel Indicator Lower Line, Bollinger Lower Band, a 4 year low and 5 other models, whereas the other two support lines see a single confirmation each. S2 is a psychological level.
Dollar/Yen has regained some ground, and it currently has R1 of 113 50 and S1 of 113 20.
R1 is the most confirmed resistance line with 11 models. R3 is backed up by Price Channel Indicator Upper Line, a psychological level and another study, and Bollinger Upper Band is among the 2 matches for R2. S3 is supported by Price Channel Indicator Lower Line, a 12 month low and 5 other models. S1 is a 20 day moving average with 4 studies, and Bollinger Lower Band is among the 2 matches for S2.
And the last pair for this report is the Dollar/Swiss Franc, which stands between R1 of 0 9900 and S1 of 0 9870.
R2 counts a 50 day moving average among its 7 models, and R3 has found 6 matches, including Bollinger Upper Band and a psychological level. The lowest resistance line sees 5 confirmations. S1 is well confirmed with 12 models, including a 150 day moving average, and Bollinger Lower Band is among the 5 studies for S2. S3 counts Price Channel Indicator Lower Line among its 2 matches.
You’ve been watching the Support and Resistance Level Report with me, Monica Gibson, but this is a busy day in the forex markets, so stay with Dukascopy TV to follow the latest developments.
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