Good morning, traders, you’re watching the Support and Resistance Level Report for Thursday. Euro/Dollar has recovered some lost ground and now stands between R1 of 1 1790 and S1 of 1 1750. The lowest resistance line has found 9 matches, while R2 is a 2 year high with 7 confirmations. Price Channel Indicator Upper Line is among the 2 studies for R3. Standing at a 20 day moving average, S1 is well confirmed with 13 models, and the second support line has found 4 matches. Bollinger Lower Band is among the 2 studies for S3. The Cable has inched higher and it’s currently trading below R1 of 1 2930 and above S1 of 1 2880. Standing at a psychological level, R2 is well confirmed with 12 models. R3 is a 20 day moving average with 6 studies, and R1 counts a 50 day moving average among its 5 matches. S2 is supported by Price Channel Indicator Lower Line, Bollinger Lower Band, a 100 day moving average and 4 other studies. The highest support line sees 6 confirmations, and S3 is a 150 day moving average with 2 matches. It’s been quite a drop for the Dollar/Yen, which now has R1 of 109 90 and S1 of 109 50. R1 counts a psychological level among its 9 studies, while R2 is a 20 day moving average with 6 matches. R3 is a 100 day moving average with 3 models. S2 counts Bollinger Lower Band among its 4 studies, and the other two support lines have found 2 matches each, including a 6 month low for S3. And Dollar/Swiss Franc is down as well, now trading between R1 of 0 9660 and S1 of 0 9630. Standing near a 50 day moving average, R1 sees 6 confirmations. R2 is backed up by Price Channel Indicator Upper Line, a 100 day moving average and 2 other models, and Bollinger Upper Band is among the 2 studies for R3. Standing at a 20 day moving average, S1 sees 5 confirmations, and S2 is a psychological level with 2 models. Bollinger Lower Band is the only match for S3. I’m Celeste Skinner and that’s how our in-house model tests out today. Check back in tomorrow for this week’s last overview.
Good morning, traders, you’re watching the Support and Resistance Level Report for Thursday.
Euro/Dollar has recovered some lost ground and now stands between R1 of 1 1790 and S1 of 1 1750.
The lowest resistance line has found 9 matches, while R2 is a 2 year high with 7 confirmations. Price Channel Indicator Upper Line is among the 2 studies for R3. Standing at a 20 day moving average, S1 is well confirmed with 13 models, and the second support line has found 4 matches. Bollinger Lower Band is among the 2 studies for S3.
The Cable has inched higher and it’s currently trading below R1 of 1 2930 and above S1 of 1 2880.
Standing at a psychological level, R2 is well confirmed with 12 models. R3 is a 20 day moving average with 6 studies, and R1 counts a 50 day moving average among its 5 matches. S2 is supported by Price Channel Indicator Lower Line, Bollinger Lower Band, a 100 day moving average and 4 other studies. The highest support line sees 6 confirmations, and S3 is a 150 day moving average with 2 matches.
It’s been quite a drop for the Dollar/Yen, which now has R1 of 109 90 and S1 of 109 50.
R1 counts a psychological level among its 9 studies, while R2 is a 20 day moving average with 6 matches. R3 is a 100 day moving average with 3 models. S2 counts Bollinger Lower Band among its 4 studies, and the other two support lines have found 2 matches each, including a 6 month low for S3.
And Dollar/Swiss Franc is down as well, now trading between R1 of 0 9660 and S1 of 0 9630.
Standing near a 50 day moving average, R1 sees 6 confirmations. R2 is backed up by Price Channel Indicator Upper Line, a 100 day moving average and 2 other models, and Bollinger Upper Band is among the 2 studies for R3. Standing at a 20 day moving average, S1 sees 5 confirmations, and S2 is a psychological level with 2 models. Bollinger Lower Band is the only match for S3.
I’m Celeste Skinner and that’s how our in-house model tests out today. Check back in tomorrow for this week’s last overview.
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