Hello, I’m Sinead MacLaughlin with another edition of the Support and Resistance Level Report. Here’s how our in-house model tests out this Wednesday. First up is the Euro/Dollar, which stands below R1 of 1 1070 and above S1 of 1 1040. R1 is a 150 day moving average with 9 confirmations, and R2 counts Bollinger Upper Band among its 6 models. Price Channel Indicator Upper Line is among the 4 studies for R3. S2 is backed up by a psychological level, a 20 day moving average and 3 other studies. Standing at a 100 day moving average, S1 sees 4 confirmations, and Bollinger Lower Band is the only match for S3. Pound/Dollar is trading in the range limited by R1 of 1 5720 and S1 of 1 5650. R1 counts Price Channel Indicator Upper Line among its 4 models, and R2 is a 6 month high with 2 confirmations. A psychological level is the only match for R3. S2 is a 20 day moving average with 9 confirmations. S3 is supported by a psychological level, Bollinger Lower Band and 4 other models, and the highest support line has found 5 matches. Dollar/Yen has spent the last couple of days between R1 of 124 50 and S1 of 124 20. R1 is the most confirmed resistance line with 14 models. R2 is backed up by Bollinger Upper Band, a psychological level and 5 other studies, and Price Channel Indicator Upper Line is among the 5 matches for R3. Standing at a 20 day moving average, S1 sees 10 confirmations, and S2 counts a 50 day moving average among its 4 models. S3 is Bollinger Lower Band with 3 matches. And the last pair for this report is the Dollar/Swiss Franc, which has R1 of 0 9780 and S1 of 0 9750. R1 leads in resistance with 12 studies, and the second line has found 10 matches. R3 is confirmed by Price Channel Indicator Upper Line, Bollinger Upper Band and 4 other models. S1 leads in support with 11 studies. S2 is backed up by a 20 day moving average, a 3 month high and 4 other models, and S3 is Bollinger Lower Band with a single match. That’s all for Wednesday’s Support and Resistance Level Report, but we’ll be back tomorrow with the next overview of key price levels, so see you then.
Hello, I’m Sinead MacLaughlin with another edition of the Support and Resistance Level Report. Here’s how our in-house model tests out this Wednesday.
First up is the Euro/Dollar, which stands below R1 of 1 1070 and above S1 of 1 1040.
R1 is a 150 day moving average with 9 confirmations, and R2 counts Bollinger Upper Band among its 6 models. Price Channel Indicator Upper Line is among the 4 studies for R3. S2 is backed up by a psychological level, a 20 day moving average and 3 other studies. Standing at a 100 day moving average, S1 sees 4 confirmations, and Bollinger Lower Band is the only match for S3.
Pound/Dollar is trading in the range limited by R1 of 1 5720 and S1 of 1 5650.
R1 counts Price Channel Indicator Upper Line among its 4 models, and R2 is a 6 month high with 2 confirmations. A psychological level is the only match for R3. S2 is a 20 day moving average with 9 confirmations. S3 is supported by a psychological level, Bollinger Lower Band and 4 other models, and the highest support line has found 5 matches.
Dollar/Yen has spent the last couple of days between R1 of 124 50 and S1 of 124 20.
R1 is the most confirmed resistance line with 14 models. R2 is backed up by Bollinger Upper Band, a psychological level and 5 other studies, and Price Channel Indicator Upper Line is among the 5 matches for R3. Standing at a 20 day moving average, S1 sees 10 confirmations, and S2 counts a 50 day moving average among its 4 models. S3 is Bollinger Lower Band with 3 matches.
And the last pair for this report is the Dollar/Swiss Franc, which has R1 of 0 9780 and S1 of 0 9750.
R1 leads in resistance with 12 studies, and the second line has found 10 matches. R3 is confirmed by Price Channel Indicator Upper Line, Bollinger Upper Band and 4 other models. S1 leads in support with 11 studies. S2 is backed up by a 20 day moving average, a 3 month high and 4 other models, and S3 is Bollinger Lower Band with a single match.
That’s all for Wednesday’s Support and Resistance Level Report, but we’ll be back tomorrow with the next overview of key price levels, so see you then.
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