It’s time once again for another Support and Resistance Level Report. I’m Sinead MacLaughlin and here’s a look at how our in-house model tests out on this Thursday. First off is the Euro/Dollar and it trades between R1 of 1 2930 and S1 of 1 2830. R1 leads in resistance with 16 confirmations and it’s backed up by a 10 day moving average. R3 has a 20 day moving average among its 2 matches and R2 is a psychological level. The first two support levels both have 2 confirmations. S1 is a price channel indicator lower line and S2 is a Bollinger lower band. There’s just a single match for S3. The Cable stands below R1 of 1 6390 and above S1 of 1 6250. All three resistance levels have an equal number of 2 matches. The first line is a 20 day moving average, R2 is a psychological level and R3 is a price channel indicator upper line and Bollinger upper band. S1 is confirmed by 13 alternative studies and it’s a 5 day moving average. S2 has price channel indicator lower line and Bollinger lower band among its 4 matches and S3 is a psychological level. Dollar/Yen has been on a rise and it currently has R1 of 109 40 and S1 of 108 70. Each of the resistance levels is confirmed by only a single match and the second line is an important psychological level. S3 leads in support with 4 matches and it’s a 10 day moving average. Price channel indicator upper line is one of the 3 matches for S1. S2 is backed up by Bollinger lower band. And last up for this report is Dollar/Swissie, which is just slightly below R1 of 0 9430 and quite a stretch above S1 of 0 9360. A 12 month high and Bollinger upper band are among the 3 matches for R2. R1 and R3 both have a couple of confirmations. The first line is a price channel indicator upper line and R3 is a psychological level. A10 day moving average is one of the 12 matches for S1. S3 is confirmed by price channel indicator lower line and Bollinger lower band. S2 is a 20 day moving average. You’ve been watching the Support and Resistance Level Report for Thursday. As usual, we’ll be returning tomorrow with the next review of the key price levels. Goodbye.
It’s time once again for another Support and Resistance Level Report. I’m Sinead MacLaughlin and here’s a look at how our in-house model tests out on this Thursday.
First off is the Euro/Dollar and it trades between R1 of 1 2930 and S1 of 1 2830.
R1 leads in resistance with 16 confirmations and it’s backed up by a 10 day moving average. R3 has a 20 day moving average among its 2 matches and R2 is a psychological level. The first two support levels both have 2 confirmations. S1 is a price channel indicator lower line and S2 is a Bollinger lower band. There’s just a single match for S3.
The Cable stands below R1 of 1 6390 and above S1 of 1 6250.
All three resistance levels have an equal number of 2 matches. The first line is a 20 day moving average, R2 is a psychological level and R3 is a price channel indicator upper line and Bollinger upper band. S1 is confirmed by 13 alternative studies and it’s a 5 day moving average. S2 has price channel indicator lower line and Bollinger lower band among its 4 matches and S3 is a psychological level.
Dollar/Yen has been on a rise and it currently has R1 of 109 40 and S1 of 108 70.
Each of the resistance levels is confirmed by only a single match and the second line is an important psychological level. S3 leads in support with 4 matches and it’s a 10 day moving average. Price channel indicator upper line is one of the 3 matches for S1. S2 is backed up by Bollinger lower band.
And last up for this report is Dollar/Swissie, which is just slightly below R1 of 0 9430 and quite a stretch above S1 of 0 9360.
A 12 month high and Bollinger upper band are among the 3 matches for R2. R1 and R3 both have a couple of confirmations. The first line is a price channel indicator upper line and R3 is a psychological level. A10 day moving average is one of the 12 matches for S1. S3 is confirmed by price channel indicator lower line and Bollinger lower band. S2 is a 20 day moving average.
You’ve been watching the Support and Resistance Level Report for Thursday. As usual, we’ll be returning tomorrow with the next review of the key price levels. Goodbye.
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