Good Monday morning, the Dukascopy TV team is here with this week’s first Support and Resistance Level Report.
The first pair for this report is the Euro/Dollar, which has R1 of 1 1960 and S1 of 1 1930.
Standing at a 2 year high, R3 sees 7 confirmations. R2 counts a psychological level among its 5 models, and the lowest resistance line has found 3 matches. S1 leads in support with 10 models, and S2 counts a 20 day moving average among its 9 confirmations. S3 is supported by a 50 day moving average, Bollinger Lower Band and another study.
The Cable is trading in the range limited by R1 of 1 3620 and S1 of 1 35.
Price Channel Indicator Upper Line is among the 3 studies for R1, while the upper two resistance lines have found a single match each. R3 is a psychological level. Standing at a 20 day moving average, S3 sees 5 confirmations, and S2 is a 6 month high with 4 matches. S1 counts a psychological level among its 2 studies.
Dollar/Yen has the closest levels of 111 30 in resistance and 111 in support.
R1 is confirmed by a 150 day moving average, Price Channel Indicator Upper Line and 4 other studies. R3 has found 2 matches, and R2 sees a single confirmation. A psychological level is among the 6 studies for S2, and S1 counts a 100 day moving average among its 4 models. S3 is supported by Bollinger Lower Band, a 6 month low and another technical.
And Dollar/Swiss Franc stands between R1 of 0 9610 and S1 of 0 9570.
Standing at a 50 day moving average, R1 is well confirmed with 11 studies. R2 is backed up by Bollinger Upper Band, Price Channel Indicator Upper Line, a 100 day moving average and another model, while R3 is a 150 day moving average with 2 matches. S1 leads in support with 8 models. S3 is confirmed by a 2 year low, Price Channel Indicator Lower Line and 5 other studies, and S2 is a psychological level with 3 models.
I’m Celeste Skinner and that’s how our in-house model tests out today. Check back in tomorrow for the next overview.

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