You’re watching another Support and Resistance Level Report. I’m Ben Jones and here’s how our in-house model test out this Wednesday. Euro/Dollar went up yesterday and is now trading in the range limited by R1 of 1 2540 and S1 of 1 2510. R1 is a 20 day moving average with 4 models. R3 is confirmed by Price Channel Indicator Upper Line and another study, and the second line counts a 50 day moving average as its only match. S2 is well supported with 15 studies, including a former 2 year low, and a psychological level is among the 5 matches for S1. S3 counts Price Channel Indicator Lower Line as its only confirmation. The Cable has inched lower, and it finds itself below R1 of 1 5630 and above S1 of 1 56. Standing near a former 12 month low, R3 sees 8 confirmations. The lowest resistance line has found 7 matches, and a 10 day moving average is among the 4 studies for R2. S1 is supported by Bollinger Lower Band, Price Channel Indicator Lower Line and three other studies, and S2 has found 2 matches. Standing near a psychological level, S3 also sees 2 confirmations. Dollar/Yen has risen to new heights, and it has the closest levels of 117 50 in resistance and 117 10 in support. Bollinger Upper Band is among the 2 studies for R2, and the other two resistance lines have found a single match each, including a psychological level for R3. S2 is the most confirmed support line with 6 studies, and S1 counts Price Channel Indicator Lower Line among its 4 matches. S3 is backed up by a psychological level and another model. And Dollar/Swiss Franc has seen a decline, which leaves it between R1 of 0 96 and S1 of 0 9570. R2 is a 10 day moving average with 10 studies, and R3 counts a 12 month high among its 8 matches. Standing at a 20 day moving average, R1 sees 4 confirmations. S1 is backed up by 4 models, and a 50 day moving average is among the 3 matches for S2. The lowest support line sees 2 confirmations, including Bollinger Lower Band. You’ve been watching the Support and Resistance Level Report for Wednesday. Check back in tomorrow when the next report will be available. Goodbye.
You’re watching another Support and Resistance Level Report. I’m Ben Jones and here’s how our in-house model test out this Wednesday.
Euro/Dollar went up yesterday and is now trading in the range limited by R1 of 1 2540 and S1 of 1 2510.
R1 is a 20 day moving average with 4 models. R3 is confirmed by Price Channel Indicator Upper Line and another study, and the second line counts a 50 day moving average as its only match. S2 is well supported with 15 studies, including a former 2 year low, and a psychological level is among the 5 matches for S1. S3 counts Price Channel Indicator Lower Line as its only confirmation.
The Cable has inched lower, and it finds itself below R1 of 1 5630 and above S1 of 1 56.
Standing near a former 12 month low, R3 sees 8 confirmations. The lowest resistance line has found 7 matches, and a 10 day moving average is among the 4 studies for R2. S1 is supported by Bollinger Lower Band, Price Channel Indicator Lower Line and three other studies, and S2 has found 2 matches. Standing near a psychological level, S3 also sees 2 confirmations.
Dollar/Yen has risen to new heights, and it has the closest levels of 117 50 in resistance and 117 10 in support.
Bollinger Upper Band is among the 2 studies for R2, and the other two resistance lines have found a single match each, including a psychological level for R3. S2 is the most confirmed support line with 6 studies, and S1 counts Price Channel Indicator Lower Line among its 4 matches. S3 is backed up by a psychological level and another model.
And Dollar/Swiss Franc has seen a decline, which leaves it between R1 of 0 96 and S1 of 0 9570.
R2 is a 10 day moving average with 10 studies, and R3 counts a 12 month high among its 8 matches. Standing at a 20 day moving average, R1 sees 4 confirmations. S1 is backed up by 4 models, and a 50 day moving average is among the 3 matches for S2. The lowest support line sees 2 confirmations, including Bollinger Lower Band.
You’ve been watching the Support and Resistance Level Report for Wednesday. Check back in tomorrow when the next report will be available. Goodbye.
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