It’s a new trading week, and the Dukascopy TV team is back with another Support and Resistance Level Report. I’m Louise McCauley and here’s how our in-house model tests out today. First up is the Euro/Dollar, which is trading in the range limited by R1 of 1 1110 and S1 of 1 1080. R2 counts Bollinger Upper Band among its 7 studies, and the lowest resistance line has found 5 matches. Price Channel Indicator Upper Line is among the 4 models for R3. S3 is confirmed by a psychological level, a 20 day moving average and 2 other models, and the other two support lines see 3 matches each, including a 150 day moving average for S1 and a 100 day moving average for S2. The Cable has the closest levels of 1 5660 in resistance and 1 5630 in support. Bollinger Upper Band is among the 5 models for R1, and R2 is Price Channel Indicator Upper Line with 3 confirmations. The highest resistance line has found 2 matches. Standing at a 50 day moving average, S2 sees 10 confirmations, and the highest support line has found 8 models. S3 is backed up by a psychological level, Bollinger Lower Band and 4 other studies. Dollar/Yen finds itself below R1 of 124 50 and above S1 of 124 20. R1 is the most confirmed support line with 15 models. R2 is backed up by Bollinger Upper Band, a psychological level and 4 other studies, and Price Channel Indicator Upper Line is among the 4 indicators for R3. S1 is a 20 day moving average with 6 studies, and S2 counts a 50 day moving average among its 2 models. Price Channel Indicator Lower Line is among the 2 confirmations for S3. And the last pair for this report is the Dollar/Swiss Franc, which has R1 of 0 9780 and S1 of 0 9750. R1 leads in resistance with 13 studies, and the second resistance line has found 10 matches. R3 is backed up by Bollinger Upper Band, Price Channel Indicator Upper Line and 3 other studies. S2 counts a 20 day moving average and a 3 month high among its 7 models, and the highest support line sees 5 confirmations. S3 is backed up by Bollinger Lower Band, Price Channel Indicator Lower Line and another model. That’s all for Monday’s Support and Resistance Level Report. We’ll be back tomorrow with the next overview of key price levels, so see you then.
It’s a new trading week, and the Dukascopy TV team is back with another Support and Resistance Level Report. I’m Louise McCauley and here’s how our in-house model tests out today.
First up is the Euro/Dollar, which is trading in the range limited by R1 of 1 1110 and S1 of 1 1080.
R2 counts Bollinger Upper Band among its 7 studies, and the lowest resistance line has found 5 matches. Price Channel Indicator Upper Line is among the 4 models for R3. S3 is confirmed by a psychological level, a 20 day moving average and 2 other models, and the other two support lines see 3 matches each, including a 150 day moving average for S1 and a 100 day moving average for S2.
The Cable has the closest levels of 1 5660 in resistance and 1 5630 in support.
Bollinger Upper Band is among the 5 models for R1, and R2 is Price Channel Indicator Upper Line with 3 confirmations. The highest resistance line has found 2 matches. Standing at a 50 day moving average, S2 sees 10 confirmations, and the highest support line has found 8 models. S3 is backed up by a psychological level, Bollinger Lower Band and 4 other studies.
Dollar/Yen finds itself below R1 of 124 50 and above S1 of 124 20.
R1 is the most confirmed support line with 15 models. R2 is backed up by Bollinger Upper Band, a psychological level and 4 other studies, and Price Channel Indicator Upper Line is among the 4 indicators for R3. S1 is a 20 day moving average with 6 studies, and S2 counts a 50 day moving average among its 2 models. Price Channel Indicator Lower Line is among the 2 confirmations for S3.
And the last pair for this report is the Dollar/Swiss Franc, which has R1 of 0 9780 and S1 of 0 9750.
R1 leads in resistance with 13 studies, and the second resistance line has found 10 matches. R3 is backed up by Bollinger Upper Band, Price Channel Indicator Upper Line and 3 other studies. S2 counts a 20 day moving average and a 3 month high among its 7 models, and the highest support line sees 5 confirmations. S3 is backed up by Bollinger Lower Band, Price Channel Indicator Lower Line and another model.
That’s all for Monday’s Support and Resistance Level Report. We’ll be back tomorrow with the next overview of key price levels, so see you then.
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