As expected, the Fed did move by 25 basis points yesterday, so let’s see what are the closest support and resistance levels for the 4 non-cross majors according to the Dukascopy in-house model. Euro/Dollar rose and the pair now trades between R1 of 1 0740 and S1 of 1 07. R2 leads in resistance with 4 confirmations and it’s a 150 day moving average. R1 and R3 have 3 and 2 matches respectively. The first line is a price channel indicator upper line and R3 is a psychological level. S2 is confirmed by a 100 day moving average and 6 more models. A 20 day moving average is among the 6 confirmations for S3 and 4 alternative studies are near S1, which is a Bollinger upper band. Pound/Dollar has gained ground as well, which puts the pair below R1 of 1 23 and above S1 of 1 2210. Weekly high R1 has a total of 3 confirmations. R2 and R3 both have 2 matches. The second line is a near a 20 day moving average and R3 is confirmed by a 50 day moving average. S2 has found 12 matches. 8 alternative studies are near S1 and only a price channel indicator lower line is close to S3. Dollar/Yen has dropped and it now has R1 of 113 70 and S1 of 113. A 50 day moving average is among the 7 confirmations for R2. R1 follows with 6 matches and it’s a 20 day moving average. R3 is a psychological level and it has a total of 3 confirmations. S3 leads in support with 3 matches, including a price channel indicator lower line. S2 has a Bollinger lower band among its 2 matches and only a 100 day moving average is near S1. Dollar/Swissie took a slide as well and it’s currently between R1 of 1 0050 and S1 of 0 9990. R2 has found a total of 11 confirmations. R3 posts 6 matches and it’s both a price channel indicator upper line and a Bollinger upper band. R1 is a 100 day moving average and it has a total of 3 confirmations. 4 studies are near S1, which is a Bollinger lower band and a psychological level. S2 follows with 3 matches, including a 150 day moving average and a price channel indicator lower line. S3 is a 3 month low with a total of 2 matches. I’m Celeste Skinner and this wraps up Thursday’s Support and Resistance level report, but do click back for this week’s last overview. Goodbye.
As expected, the Fed did move by 25 basis points yesterday, so let’s see what are the closest support and resistance levels for the 4 non-cross majors according to the Dukascopy in-house model.
Euro/Dollar rose and the pair now trades between R1 of 1 0740 and S1 of 1 07.
R2 leads in resistance with 4 confirmations and it’s a 150 day moving average. R1 and R3 have 3 and 2 matches respectively. The first line is a price channel indicator upper line and R3 is a psychological level. S2 is confirmed by a 100 day moving average and 6 more models. A 20 day moving average is among the 6 confirmations for S3 and 4 alternative studies are near S1, which is a Bollinger upper band.
Pound/Dollar has gained ground as well, which puts the pair below R1 of 1 23 and above S1 of 1 2210.
Weekly high R1 has a total of 3 confirmations. R2 and R3 both have 2 matches. The second line is a near a 20 day moving average and R3 is confirmed by a 50 day moving average. S2 has found 12 matches. 8 alternative studies are near S1 and only a price channel indicator lower line is close to S3.
Dollar/Yen has dropped and it now has R1 of 113 70 and S1 of 113.
A 50 day moving average is among the 7 confirmations for R2. R1 follows with 6 matches and it’s a 20 day moving average. R3 is a psychological level and it has a total of 3 confirmations. S3 leads in support with 3 matches, including a price channel indicator lower line. S2 has a Bollinger lower band among its 2 matches and only a 100 day moving average is near S1.
Dollar/Swissie took a slide as well and it’s currently between R1 of 1 0050 and S1 of 0 9990.
R2 has found a total of 11 confirmations. R3 posts 6 matches and it’s both a price channel indicator upper line and a Bollinger upper band. R1 is a 100 day moving average and it has a total of 3 confirmations. 4 studies are near S1, which is a Bollinger lower band and a psychological level. S2 follows with 3 matches, including a 150 day moving average and a price channel indicator lower line. S3 is a 3 month low with a total of 2 matches.
I’m Celeste Skinner and this wraps up Thursday’s Support and Resistance level report, but do click back for this week’s last overview. Goodbye.
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