Good morning traders, you’re watching the Support and Resistance Level Report for Thursday. Euro/Dollar has had a couple of bullish days, and it now has R1 of 1 1170 and S1 of 1 1120. Price Channel Indicator Upper Line is among the 2 models for R1, and R3 is a psychological level with 2 studies. Standing at a 6 month high, R2 sees a single confirmation. S3 leads in support with 10 models, and S2 is a psychological level with 5 studies. The highest support line has found 4 matches. Next up is the Cable, which stands between R1 of 1 2970 and S1 of 1 2940. Standing near a former 6 month high, R1 sees 10 confirmations. R2 is backed up by Bollinger Upper Band, Price Channel Indicator Upper Line and 4 other studies, while the highest resistance line has found a single match. S1 is the most confirmed support line with 13 technicals, and S2 is a 20 day moving average with 6 studies. Bollinger Lower Band is among the 2 models for S3. Dollar/Yen has taken a hit, and it now has the closest levels of 111 60 in resistance and 111 10 in support. Price Channel Indicator Upper Line is among the 3 models for R3, and R2 is a 100 day moving average with 2 studies. A 50 day moving average is the only match for R1. The highest support line sees 2 confirmations, while the other two have found exactly one match each. This includes a psychological level for S2 and Price Channel Indicator Lower Line for S3. And Dollar/Swiss Franc is down as well, trading below R1 of 0 9810 and above S1 of 0 9770. The lower two resistance lines have found 5 matches each, including a 20 day moving average for R2, while R3 is confirmed by a major psychological level, a 50 day moving average and 2 other studies. Price Channel Indicator Lower Line is among the 3 models for S1, and S2 is a 6 month low with 2 confirmations. Standing near a psychological level, S3 has found 2 matches. And that’s how our in-house model tests out this morning. I’m Jessica Walker and we’ll be back tomorrow with the next overview. Goodbye.
Good morning traders, you’re watching the Support and Resistance Level Report for Thursday.
Euro/Dollar has had a couple of bullish days, and it now has R1 of 1 1170 and S1 of 1 1120.
Price Channel Indicator Upper Line is among the 2 models for R1, and R3 is a psychological level with 2 studies. Standing at a 6 month high, R2 sees a single confirmation. S3 leads in support with 10 models, and S2 is a psychological level with 5 studies. The highest support line has found 4 matches.
Next up is the Cable, which stands between R1 of 1 2970 and S1 of 1 2940.
Standing near a former 6 month high, R1 sees 10 confirmations. R2 is backed up by Bollinger Upper Band, Price Channel Indicator Upper Line and 4 other studies, while the highest resistance line has found a single match. S1 is the most confirmed support line with 13 technicals, and S2 is a 20 day moving average with 6 studies. Bollinger Lower Band is among the 2 models for S3.
Dollar/Yen has taken a hit, and it now has the closest levels of 111 60 in resistance and 111 10 in support.
Price Channel Indicator Upper Line is among the 3 models for R3, and R2 is a 100 day moving average with 2 studies. A 50 day moving average is the only match for R1. The highest support line sees 2 confirmations, while the other two have found exactly one match each. This includes a psychological level for S2 and Price Channel Indicator Lower Line for S3.
And Dollar/Swiss Franc is down as well, trading below R1 of 0 9810 and above S1 of 0 9770.
The lower two resistance lines have found 5 matches each, including a 20 day moving average for R2, while R3 is confirmed by a major psychological level, a 50 day moving average and 2 other studies. Price Channel Indicator Lower Line is among the 3 models for S1, and S2 is a 6 month low with 2 confirmations. Standing near a psychological level, S3 has found 2 matches.
And that’s how our in-house model tests out this morning. I’m Jessica Walker and we’ll be back tomorrow with the next overview. Goodbye.
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