You’re watching this week’s last Support and Resistance Level Report. Here’s how our in-house model tests out.
Euro/Dollar has been trending lower, and it currently has R1 of 1 1180 and S1 of 1 1130.
Standing at a 20 day moving average, R2 is well confirmed with 15 models. The lowest resistance line sees 6 confirmations, while R3 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band and another study. The upper two support lines have found 3 matches each, including Bollinger Lower Band for S1 and Price Channel Indicator Lower Line for S2, whereas S3 is backed up by a 50 day moving average and a psychological level.
The Cable has the closest levels of 1 2790 in resistance and 1 2750 in support.
The highest resistance line has found 5 matches, and R2 is a 50 day moving average with 4 models. R1 sees 3 confirmations. S1 leads in support with 9 technicals. S2 is confirmed by Bolliger Lower Band, Price Channel Indicator Lower Line and 4 other studies, and S3 is a 150 day moving average with 2 models.
Dollar/Yen is on the rise and now stands between R1 of 111 50 and S1 of 111 10.
R2 is a 100 day moving average with 2 confirmations, whereas the other two resistance lines have found a single match each, including Price Channel Indicator Upper Line for R3. S2 is a psychological level with 10 studies, and S1 counts a 50 day moving average among its 4 confirmations. Standing at a 6 month low, S3 has found 2 matches.
And Dollar/Swiss Franc is trading in the range limited by R1 of 0 9770 and S1 of 0 9740.
Bollinger Upper Band is among the 3 studies for R2, and the lowest resistance line has found 2 matches. R3 counts a 100 day moving average as its only confirmation. Standing near a 20 day moving average, S2 is well supported with 15 models. S3 is confirmed by Bollinger Lower Band, Price Channel Indicator Lower Line and 6 other studies, while S1 has found 5 matches.
I’m Jack Everitt and this was the Support and Resistance Level Report for Friday. The next overview will be available on Monday, so check back.

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