You’re watching another Support and Resistance Level Report. I’m Alex Iszatt and here’s a look at how our in-house model tests out on this last day of the trading week.
Euro/Dollar trades between R1 of 1 2920 and S1 of 1 2830.
The first resistance line is confirmed by a 10 day moving average and 9 more studies. R3 has a 20 day moving average among its 2 matches and R2 is a psychological level. All three support levels have an equal number of 2 matches. The first line is a price channel indicator lower line, S2 is Bollinger lower band and S3 is a psychological level.
The Cable has recently slipped below R1 of 1 65 and it now has S1 of 1 6380.
Price channel indicator upper line and a 50 day moving average both are among the 3 matches for R2. R1 and R3 have 2 confirmations each. The first line is a psychological level and R3 is a Bollinger upper band. S1 leads in support with 4 confirmations, including a 20 day moving average. S2 follows with 3 matches and it’s confirmed by price channel indicator lower line and Bollinger lower band. S3 is a psychological level with a total of 2 matches.
Dollar/Yen’s recent bullish trend puts it between R1 of 110 and S1 of 109.
The first two resistance levels both have 2 confirmations and the first line is a key psychological level. R3 is the next psychological level. S2 has a 10 day moving average among its 9 matches. S1 posts 5 confirmations and it’s near price channel indicator upper line and Bollinger upper band. S3 is a psychological level with a total of 2 matches.
And last up for this report is Dollar/Swissie, which has R1 of 0 9380 and s1 of 0 9340.
First line leads in resistance with 6 confirmations. The second line follows with 3 matches, including price channel indicator upper line. R3 is a psychological level with a total of 2 matches. S1 has found 16 matches, including a 10 day moving average. Price channel indicator lower line and Bollinger lower band are both among the 3 matches for S3. S2 sees 2 confirmations and it’s a 20 day moving average.
That brings Friday’s Support and Resistance Level Report to an end. We’ll be back on Monday with the next review of the key price levels. Goodbye.

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