The Dukascopy TV team is back with another edition of the Support and Resistance Level Report. I’m Imogen Comrie and here’s how our in-house model tests out on this first day of the trading week. Euro/Dollar has seen some decline and now stands between R1 of 1 28 and S1 of 1 2740. R1 is the most confirmed resistance line with 5 models, and R2 has found 3 matches, including Bollinger Upper Band. R3 counts Price Channel Indicator Upper Line as its only confirmation. Standing near a 20 day moving average, S2 sees 8 matches, and a 2 year low is among the 6 studies for S3. The highest support line is backed up by 5 models. The Cable has held the ground it gained last week, and it currently has R1 of 1 6120 and S1 of 1 6090. The lowest resistance line has found 7 matches, and R2 is a 20 day moving average with 2 confirmations. R3 is backed up by a single study. S1 leads in support with 7 models, and S2 is a psychological level with 4 confirmations. S3 is supported by Bollinger Lower Band and 2 other studies. Dollar/Yen has been trending North, and it finds itself below R1 of 107 40 and above S1 of 107 10. The second resistance line is confirmed by 9 studies, and R1 has found 6 matches. R3 counts a 20 day moving average among its 3 models. S1 is the most confirmed support line with 8 studies, and S2 is a 50 day moving average with 4 matches. Price Channel Indicator Lower Line is among the 3 confirmations for S3. And last up is the Dollar/Swiss Franc, which is trading in the range limited by R1 of 0 9490 and S1 of 0 9460. Standing near a 20 day moving average, R2 has found 7 matches, and a 12 month high is among the 6 studies for R3. R1 counts a psychological level among its 5 confirmations. The highest support line sees 5 matches. S3 is confirmed by a 50 day moving average, Price Channel Indicator Lower Line and another model, and S2 counts Bollinger Lower Band among its 2 models. That’s all for Monday’s Support and Resistance Level Report. Check back in tomorrow when the next report will be available. Goodbye.
The Dukascopy TV team is back with another edition of the Support and Resistance Level Report. I’m Imogen Comrie and here’s how our in-house model tests out on this first day of the trading week.
Euro/Dollar has seen some decline and now stands between R1 of 1 28 and S1 of 1 2740.
R1 is the most confirmed resistance line with 5 models, and R2 has found 3 matches, including Bollinger Upper Band. R3 counts Price Channel Indicator Upper Line as its only confirmation. Standing near a 20 day moving average, S2 sees 8 matches, and a 2 year low is among the 6 studies for S3. The highest support line is backed up by 5 models.
The Cable has held the ground it gained last week, and it currently has R1 of 1 6120 and S1 of 1 6090.
The lowest resistance line has found 7 matches, and R2 is a 20 day moving average with 2 confirmations. R3 is backed up by a single study. S1 leads in support with 7 models, and S2 is a psychological level with 4 confirmations. S3 is supported by Bollinger Lower Band and 2 other studies.
Dollar/Yen has been trending North, and it finds itself below R1 of 107 40 and above S1 of 107 10.
The second resistance line is confirmed by 9 studies, and R1 has found 6 matches. R3 counts a 20 day moving average among its 3 models. S1 is the most confirmed support line with 8 studies, and S2 is a 50 day moving average with 4 matches. Price Channel Indicator Lower Line is among the 3 confirmations for S3.
And last up is the Dollar/Swiss Franc, which is trading in the range limited by R1 of 0 9490 and S1 of 0 9460.
Standing near a 20 day moving average, R2 has found 7 matches, and a 12 month high is among the 6 studies for R3. R1 counts a psychological level among its 5 confirmations. The highest support line sees 5 matches. S3 is confirmed by a 50 day moving average, Price Channel Indicator Lower Line and another model, and S2 counts Bollinger Lower Band among its 2 models.
That’s all for Monday’s Support and Resistance Level Report. Check back in tomorrow when the next report will be available. Goodbye.
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