The Dukascopy TV team is back with another Support and Resistance Level Report. I’m Sinead MacLaughlin and here’s a closer look at how our in-house model tests out this Monday. Euro/Dollar has gained some ground and now stands between R1 of 1 2560 and S1 of 1 2520. R1 counts a 20 day moving average among its 6 studies, and the second line sees a single confirmation. A 50 day moving average is the only match for R3. S2 is well confirmed with 16 studies, including a former 2 year low and a psychological level, and the other two support lines have found a single match each, including Price Channel Indicator Lower Line for S3. The Cable has seen both ups and downs and currently has R1 of 1 5770 and S1 of 1 5690. Standing near a former 12 month low, R2 sees 7 confirmations. A 20 day moving average is among the 5 matches for R3, and the lowest resistance line is backed up by 4 studies. S2 leads in support with 4 models, including Price Channel Indicator Lower Line, and S1 is confirmed by Bollinger Lower Band and another model. The lowest support line sees a single match. Dollar/Yen has seen a decline and now stands below R1 of 115 90 and S1 of 115 50. R2 is the most confirmed resistance line with 3 studies, including Price Channel Indicator Upper Line. R1 is backed up by 2 models, and R3 counts Bollinger Upper Band as its only match. The lowest support line sees 6 confirmations, and S1 is supported by 5 studies. S2 is a psychological level with 3 matches. And last up is the Dollar/Swiss Franc, which has the closest levels of 0 9590 in resistance and 0 9540 in support. R2 leads in resistance with 14 studies, and R3 counts a 12 month high among its 8 matches. R1 is a 20 day moving average with 4 confirmations. S2 is supported by a 50 day moving average, a psychological level and 2 other matches. S3 counts Bollinger Lower Band among its 2 studies, and the highest support line sees a single confirmation. You’ve been watching the Support and Resistance Level Report for Monday. Check back in tomorrow when the next report will be available. Goodbye.
The Dukascopy TV team is back with another Support and Resistance Level Report. I’m Sinead MacLaughlin and here’s a closer look at how our in-house model tests out this Monday.
Euro/Dollar has gained some ground and now stands between R1 of 1 2560 and S1 of 1 2520.
R1 counts a 20 day moving average among its 6 studies, and the second line sees a single confirmation. A 50 day moving average is the only match for R3. S2 is well confirmed with 16 studies, including a former 2 year low and a psychological level, and the other two support lines have found a single match each, including Price Channel Indicator Lower Line for S3.
The Cable has seen both ups and downs and currently has R1 of 1 5770 and S1 of 1 5690.
Standing near a former 12 month low, R2 sees 7 confirmations. A 20 day moving average is among the 5 matches for R3, and the lowest resistance line is backed up by 4 studies. S2 leads in support with 4 models, including Price Channel Indicator Lower Line, and S1 is confirmed by Bollinger Lower Band and another model. The lowest support line sees a single match.
Dollar/Yen has seen a decline and now stands below R1 of 115 90 and S1 of 115 50.
R2 is the most confirmed resistance line with 3 studies, including Price Channel Indicator Upper Line. R1 is backed up by 2 models, and R3 counts Bollinger Upper Band as its only match. The lowest support line sees 6 confirmations, and S1 is supported by 5 studies. S2 is a psychological level with 3 matches.
And last up is the Dollar/Swiss Franc, which has the closest levels of 0 9590 in resistance and 0 9540 in support.
R2 leads in resistance with 14 studies, and R3 counts a 12 month high among its 8 matches. R1 is a 20 day moving average with 4 confirmations. S2 is supported by a 50 day moving average, a psychological level and 2 other matches. S3 counts Bollinger Lower Band among its 2 studies, and the highest support line sees a single confirmation.
You’ve been watching the Support and Resistance Level Report for Monday. Check back in tomorrow when the next report will be available. Goodbye.
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