The Fed meeting shook up the markets yesterday, so let’s see where the Support and Resistance levels stand this Thursday morning. Euro/Dollar has surged and now stands between R1 of 1 1240 and S1 of 1 1190. R1 counts Price Channel Indicator Upper Line among its 2 models, and R3 is a 3 month high with 2 confirmations. The second line has found a single match. Standing at a 150 day moving average, S2 sees 7 confirmations. S3 is backed up by a psychological level, a 50 day moving average and 2 other studies, and the highest support line has found 2 matches. The Cable has rebounded and now has R1 of 1 4260 and S1 of 1 4210. The lowest resistance line has found 4 confirmations, and R2 is a 50 day moving average with 2 matches. Bollinger Upper Band is the only model for R3. S1 leads in support with 9 studies. S3 is confirmed by Price Channel Indicator Lower Line, Bollinger Lower Band, a 4 year low and 5 other studies, and S2 is a 20 day moving average with 4 matches. Dollar/Yen has seen a decline, which leaves it below R1 of 112 30 and above S1 of 111 90. Standing at a 20 day moving average, R2 sees 5 confirmations, and the lowest resistance line has found 3 matches. R3 is backed up by Price Channel Indicator Upper Line and a psychological level. S2 leads in support with 6 studies, including Price Channel Indicator Lower Line and a 12 month low, and Bollinger Lower Band is among the 2 models for S1. S3 counts a psychological level as its only match. And Dollar/Swiss Franc is down as well, as it is now trading in the range limited by R1 of 0 98 and S1 of 0 9750. R2 is well confirmed with 12 models, including a 150 day moving average. Standing at a 50 day moving average, R3 has found 7 matches, and the lowest resistance line sees 3 confirmations. S2 is a 3 month low with 3 studies, and Price Channel Indicator Lower Line is among the 2 models for S1. A psychological level is the single confirmation for S3. I’m Louise McCauley and that’s how our in-house model tests out today. Stay with the Dukascopy TV to follow the latest developments in the currency markets. Goodbye.
The Fed meeting shook up the markets yesterday, so let’s see where the Support and Resistance levels stand this Thursday morning.
Euro/Dollar has surged and now stands between R1 of 1 1240 and S1 of 1 1190.
R1 counts Price Channel Indicator Upper Line among its 2 models, and R3 is a 3 month high with 2 confirmations. The second line has found a single match. Standing at a 150 day moving average, S2 sees 7 confirmations. S3 is backed up by a psychological level, a 50 day moving average and 2 other studies, and the highest support line has found 2 matches.
The Cable has rebounded and now has R1 of 1 4260 and S1 of 1 4210.
The lowest resistance line has found 4 confirmations, and R2 is a 50 day moving average with 2 matches. Bollinger Upper Band is the only model for R3. S1 leads in support with 9 studies. S3 is confirmed by Price Channel Indicator Lower Line, Bollinger Lower Band, a 4 year low and 5 other studies, and S2 is a 20 day moving average with 4 matches.
Dollar/Yen has seen a decline, which leaves it below R1 of 112 30 and above S1 of 111 90.
Standing at a 20 day moving average, R2 sees 5 confirmations, and the lowest resistance line has found 3 matches. R3 is backed up by Price Channel Indicator Upper Line and a psychological level. S2 leads in support with 6 studies, including Price Channel Indicator Lower Line and a 12 month low, and Bollinger Lower Band is among the 2 models for S1. S3 counts a psychological level as its only match.
And Dollar/Swiss Franc is down as well, as it is now trading in the range limited by R1 of 0 98 and S1 of 0 9750.
R2 is well confirmed with 12 models, including a 150 day moving average. Standing at a 50 day moving average, R3 has found 7 matches, and the lowest resistance line sees 3 confirmations. S2 is a 3 month low with 3 studies, and Price Channel Indicator Lower Line is among the 2 models for S1. A psychological level is the single confirmation for S3.
I’m Louise McCauley and that’s how our in-house model tests out today. Stay with the Dukascopy TV to follow the latest developments in the currency markets. Goodbye.
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