It’s time for this week’s last Support and Resistance Level Report. Here’s how our in-house model tests out on Friday.
Euro/Dollar has seen a bumpy ride and it’s currently between R1 of 1 1830 and S1 of 1 1780.
There are 4 models near R1, which is a Bollinger upper band. R2 and R3 both have 2 matches and the second level is a price channel indicator upper line. S1 is confirmed by a 50 day moving average and 7 more models. S3 follows with 6 matches and a 20 day moving average is among them. S2 posts 4 confirmations and it’s a 100 day moving average.
Next up is the Cable, which has the closest levels of 1 3260 in resistance and 1 3210 in support.
All three resistance levels have an equal number of 2 matches. R1 is a 50 day moving average, R2 is a Bollinger upper band and R3 is a price channel indicator upper line. There are 12 studies near S2, which is a 20 day moving average. S3 is a 100 day moving average and it has a total of 8 confirmations. 2 studies are near S1.
Dollar/Yen is trading in the range limited by R1 of 112 90 and S1 of 112 10.
R2 leads in resistance with 12 confirmations. There are 10 studies near R3, which is a 20 day moving average. A Bollinger lower band is among the 6 confirmations for R1. S2 is backed up by a 150 day moving average and 3 more models. S1 and S3 both have a couple of matches and the closest level is a price channel indicator lower line.
And last up is the Dollar/Swiss Franc, which stands below R1 of 0 9950 and above S1 of 0 9880.
A 20 day moving average is one of the 11 confirmations for R1. R2 is a psychological level and it has a total of 9 matches. There are 5 studies near R3, including a price channel indicator upper line and a Bollinger upper band. S1 posts 4 matches. S3 follows with 3 confirmations and it’s a 50 day moving average. S2 has a Bollinger lower band among its 2 matches.
I’m Kiays Khalil and this was the Support and Resistance Level Report for Friday. We’ll be back on Monday with the next overview, so do check back.

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