It’ s time for another edition of the Support and Resistance Level Report. I’m Monica Gibson with a closer look at how our in-house model tests out today. Euro/Dollar has gained some ground and now stands below R1 of 1 25 and above S1 of 1 2470. R1 is a psychological level with 4 confirmations, and Price Channel Indicator Upper Line is among the 3 studies for R3. The second line is backed up by a 50 day moving average and another model. A 2 year low is among the 9 matches for S3. Standing at a 20 day moving average, S2 sees 7 confirmations, and the highest line is supported by 5 models. The Cable has moved higher as well, and it finds itself between R1 of 1 5740 and S1 of 1 5690. R1 is the most confirmed resistance line with 5 models. Bollinger Upper Band is among the 2 studies for R2, and Price Channel Indicator Upper Line is the only match for R3. S1 is a 20 day moving average with 8 confirmations, and S2 is supported by Bollinger Lower Band, a 12 month low and 4 other studies. S3 counts Price Channel Indicator Lower Line among its 3 matches. Dollar/Yen has seen both ups and downs, and it is now trading in the range limited by R1 of 117 20 and S1 of 116 40. Standing at a 4 year high, R3 sees 12 confirmations, and the second line is a 20 day moving average with 5 matches. R1 is backed up by 3 models. S2 is Price Channel Indicator Lower Line with 3 studies, and Bollinger Lower Band is among the 2 matches for S1. S3 counts a 50 day moving average as its only confirmation. Dollar/Swiss Franc has seen a decline, and it now has the closest levels of 0 9640 in resistance and 0 9610 in support. R1 leads in resistance with 9 studies, and the other two resistance lines have found 4 matches each. R2 is a 20 day moving average, and R3 stands at a 12 month high. Standing at a 50 day moving average, S1 sees 4 confirmations, and S2 counts Bollinger Lower Band among its 3 matches. S3 is supported by a psychological level and another model. That’s all for Wednesday’s Support and Resistance Level Report. We’ll be back tomorrow with the next report, but until then, goodbye.
It’ s time for another edition of the Support and Resistance Level Report. I’m Monica Gibson with a closer look at how our in-house model tests out today.
Euro/Dollar has gained some ground and now stands below R1 of 1 25 and above S1 of 1 2470.
R1 is a psychological level with 4 confirmations, and Price Channel Indicator Upper Line is among the 3 studies for R3. The second line is backed up by a 50 day moving average and another model. A 2 year low is among the 9 matches for S3. Standing at a 20 day moving average, S2 sees 7 confirmations, and the highest line is supported by 5 models.
The Cable has moved higher as well, and it finds itself between R1 of 1 5740 and S1 of 1 5690.
R1 is the most confirmed resistance line with 5 models. Bollinger Upper Band is among the 2 studies for R2, and Price Channel Indicator Upper Line is the only match for R3. S1 is a 20 day moving average with 8 confirmations, and S2 is supported by Bollinger Lower Band, a 12 month low and 4 other studies. S3 counts Price Channel Indicator Lower Line among its 3 matches.
Dollar/Yen has seen both ups and downs, and it is now trading in the range limited by R1 of 117 20 and S1 of 116 40.
Standing at a 4 year high, R3 sees 12 confirmations, and the second line is a 20 day moving average with 5 matches. R1 is backed up by 3 models. S2 is Price Channel Indicator Lower Line with 3 studies, and Bollinger Lower Band is among the 2 matches for S1. S3 counts a 50 day moving average as its only confirmation.
Dollar/Swiss Franc has seen a decline, and it now has the closest levels of 0 9640 in resistance and 0 9610 in support.
R1 leads in resistance with 9 studies, and the other two resistance lines have found 4 matches each. R2 is a 20 day moving average, and R3 stands at a 12 month high. Standing at a 50 day moving average, S1 sees 4 confirmations, and S2 counts Bollinger Lower Band among its 3 matches. S3 is supported by a psychological level and another model.
That’s all for Wednesday’s Support and Resistance Level Report. We’ll be back tomorrow with the next report, but until then, goodbye.
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