You’re watching another edition of the Support and Resistance Level Report. I’m Sinead MacLaughlin and here’s how our in-house model tests out today. Euro/Dollar saw a strong rise yesterday, and it is now trading in the range limited by R1 of 1 2910 and S1 of 1 2790. R2 counts a 50 day moving average among its 2 studies, and the other two resistance lines have found a single match each. R3 is a 100 day moving average, and R1 is Bollinger Upper Band. Standing at a 2 year low, S3 sees 5 confirmations, and S2 is a 20 day moving average with 3 models. The highest support line is backed up by 2 studies. Pound/Dollar has seen both ups and downs, and it currently has R1 of 1 60 and S1 of 1 5960. Standing at a former 6 month low, R2 has found 8 matches, and the highest resistance line is confirmed by 7 studies. A psychological level is the only model for R1. S1 is the most confirmed support line with 4 studies, and S2 counts Bollinger Lower Band among its 3 models. S3 counts a 12 month low as its only match. Next up is the Dollar/Yen, and its yesterday’s decline leaves it between R1 of 106 60 and S1 of 106 10. R2 leads in resistance with 10 studies, and R3 is a 20 day moving average with 6 confirmations. Bollinger Upper Band is the only match for R1. S1 counts a 50 day moving average among its 3 models. S2 is supported by Price Channel Indicator Lower Line and another study, and S3 is a 100 day moving average with 2 confirmations. Dollar/Swiss Franc has moved lower as well, and it finds itself below R1 of 0 9450 and above S1 of 0 9360. A 12 month high is among the 8 studies for R3. R2 counts a 20 day moving average and a psychological level among its 6 confirmations, and the lowest resistance line has found a single match. The upper two support lines see 2 confirmations each, including Bollinger Lower Band for S1 and Price Channel Indicator Lower Line for S2. S3 counts a 100 day moving average as its only match. You’ve been watching the Support and Resistance Level Report for Thursday. Check back in tomorrow when the next report will be available. Goodbye.
You’re watching another edition of the Support and Resistance Level Report. I’m Sinead MacLaughlin and here’s how our in-house model tests out today.
Euro/Dollar saw a strong rise yesterday, and it is now trading in the range limited by R1 of 1 2910 and S1 of 1 2790.
R2 counts a 50 day moving average among its 2 studies, and the other two resistance lines have found a single match each. R3 is a 100 day moving average, and R1 is Bollinger Upper Band. Standing at a 2 year low, S3 sees 5 confirmations, and S2 is a 20 day moving average with 3 models. The highest support line is backed up by 2 studies.
Pound/Dollar has seen both ups and downs, and it currently has R1 of 1 60 and S1 of 1 5960.
Standing at a former 6 month low, R2 has found 8 matches, and the highest resistance line is confirmed by 7 studies. A psychological level is the only model for R1. S1 is the most confirmed support line with 4 studies, and S2 counts Bollinger Lower Band among its 3 models. S3 counts a 12 month low as its only match.
Next up is the Dollar/Yen, and its yesterday’s decline leaves it between R1 of 106 60 and S1 of 106 10.
R2 leads in resistance with 10 studies, and R3 is a 20 day moving average with 6 confirmations. Bollinger Upper Band is the only match for R1. S1 counts a 50 day moving average among its 3 models. S2 is supported by Price Channel Indicator Lower Line and another study, and S3 is a 100 day moving average with 2 confirmations.
Dollar/Swiss Franc has moved lower as well, and it finds itself below R1 of 0 9450 and above S1 of 0 9360.
A 12 month high is among the 8 studies for R3. R2 counts a 20 day moving average and a psychological level among its 6 confirmations, and the lowest resistance line has found a single match. The upper two support lines see 2 confirmations each, including Bollinger Lower Band for S1 and Price Channel Indicator Lower Line for S2. S3 counts a 100 day moving average as its only match.
You’ve been watching the Support and Resistance Level Report for Thursday. Check back in tomorrow when the next report will be available. Goodbye.
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