It’s a new trading week, and the Dukascopy TV team is here with another Support and Resistance Level Report.
Euro/Dollar has the closest levels of 1 1210 in resistance and 1 1180 in support.
Standing at a 20 day moving average, R1 is well confirmed with 16 models. R2 is backed up by Bollinger Upper Band, Price Channel Indicator Upper Line and 3 other studies, whereas R3 is a 12 month high with 2 matches. S1 leads in support with 6 studies, and Bollinger Lower Band is among the 4 models for S2. S3 is confirmed by a 50 day moving average, a psychological level and another technical.
The Cable is trading in the range limited by R1 of 1 2780 and S1 of 1 2750.
The lowest resistance line has found 8 matches, and R2 is a 50 day moving average with 4 models. R3 sees 3 confirmations. S1 is the most confirmed support line with 12 studies, and Bollinger Lower Band is among the 5 models for S2. Standing at a 100 day moving average, S3 has found 2 matches.
Dollar/Yen finds itself below R1 of 111 10 and above S1 of 110 70.
R1 counts a 50 day moving average among its 5 models. R2 is confirmed by Price Channel Indicator Upper Line, Bollinger Upper Band and another study, and R3 is a 150 day moving average with 2 technicals. Standing at a psychological level, S2 sees 9 confirmations, while the other two support lines have found 3 matches each. S1 is a 20 day moving average, and S3 is Bollinger Lower Band.
And Dollar/Swiss Franc stands between R1 of 0 9750 and S1 of 0 9710.
R1 leads in resistance with 9 studies, and Bollinger Upper Band is among the 3 models for R2. A 50 day moving average is the only match for R3. S2 is well supported with 11 models, including a 6 month low, and S1 is a 20 day moving average with 9 studies. S3 is backed up by Price Channel Indicator Lower Line, Bollinger Lower Band and 2 other technicals.
I’m Celeste Skinner and that’s how our in-house model tests out this Monday morning. Check back in tomorrow for the next overview. Goodbye.

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