You’re watching another edition of the Support and Resistance Level Report. I’m Imogen Comrie and here’s how our in-house model tests out this Wednesday. First up is the Euro/Dollar, which has been trading between R1 of 1 2960 and S1 of 1 2930 for most of the week so far. The lowest resistance line has found 8 matches. A psychological level is among the 4 models for R2, and R3 is a 20 day moving average with 2 studies. S1 is the most confirmed support line with 17 models, and S2 counts Price Channel Indicator Lower Line among its 3 matches. S3 is supported by Bollinger Lower Band and another study. The Cable has inched slightly higher, and it now has R1 of 1 63 and S1 of 1 6270. R1 leads in resistance with 3 studies, and the other two resistance lines have found a single match each. R2 is a 20 day moving average, and R3 is a former 6 month low. Standing near a 10 day moving average, S2 sees 12 confirmations, and the highest support line has found 4 matches. S3 is backed up by Bollinger Lower Band, Price Channel Indicator Lower Line and another study. Dollar/Yen has mostly been trading sideways, and it finds itself below R1 of 107 30 and S1 of 107. Price Channel Indicator Upper Line is among the 12 models for R1. R2 has found 2 matches, including Bollinger Upper Band, and the highest resistance line sees a single confirmation. S1 is backed up by 10 studies, and a 10 day moving average is among the 6 models for S2. Standing at what used to be a 4 year high, S3 has found 5 matches. Dollar/Swiss Franc has seen some decline, and it is now trading in the range limited by R1 of 0 9350 and S1 of 0 9320. R1 is the most confirmed resistance line with 14 models, and Price Channel Indicator Upper Line is among the 4 matches for R2. The highest resistance line is backed up by Bollinger Upper Band and another study. The highest support line sees 10 confirmations. Standing near a former 6 month high, S3 has found 4 matches, and a 20 day moving average is among the 2 studies for S2. You’ve been watching the Support and Resistance Level Report for Wednesday. Check back in tomorrow for the next overview of the key price levels. Goodbye.
You’re watching another edition of the Support and Resistance Level Report. I’m Imogen Comrie and here’s how our in-house model tests out this Wednesday.
First up is the Euro/Dollar, which has been trading between R1 of 1 2960 and S1 of 1 2930 for most of the week so far.
The lowest resistance line has found 8 matches. A psychological level is among the 4 models for R2, and R3 is a 20 day moving average with 2 studies. S1 is the most confirmed support line with 17 models, and S2 counts Price Channel Indicator Lower Line among its 3 matches. S3 is supported by Bollinger Lower Band and another study.
The Cable has inched slightly higher, and it now has R1 of 1 63 and S1 of 1 6270.
R1 leads in resistance with 3 studies, and the other two resistance lines have found a single match each. R2 is a 20 day moving average, and R3 is a former 6 month low. Standing near a 10 day moving average, S2 sees 12 confirmations, and the highest support line has found 4 matches. S3 is backed up by Bollinger Lower Band, Price Channel Indicator Lower Line and another study.
Dollar/Yen has mostly been trading sideways, and it finds itself below R1 of 107 30 and S1 of 107.
Price Channel Indicator Upper Line is among the 12 models for R1. R2 has found 2 matches, including Bollinger Upper Band, and the highest resistance line sees a single confirmation. S1 is backed up by 10 studies, and a 10 day moving average is among the 6 models for S2. Standing at what used to be a 4 year high, S3 has found 5 matches.
Dollar/Swiss Franc has seen some decline, and it is now trading in the range limited by R1 of 0 9350 and S1 of 0 9320.
R1 is the most confirmed resistance line with 14 models, and Price Channel Indicator Upper Line is among the 4 matches for R2. The highest resistance line is backed up by Bollinger Upper Band and another study. The highest support line sees 10 confirmations. Standing near a former 6 month high, S3 has found 4 matches, and a 20 day moving average is among the 2 studies for S2.
You’ve been watching the Support and Resistance Level Report for Wednesday. Check back in tomorrow for the next overview of the key price levels. Goodbye.
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