Hello, I’m Sinead MacLaughlin and you’re watching the Support and Resistance Level Report for Thursday. Here’s how our in-house model tests out today. Euro/Dollar has been moving in waves and is now trading in the range limited by R1 of 1 26 and S1 of 1 2530. R1 is the most confirmed resistance line with 3 models, and R2 is a 50 day moving average with 2 matches. R3 counts Bollinger Upper Band as its only confirmation. S2 leads in support with 10 studies, including a former 2 year low and a psychological level. Standing near a 20 day moving average, S1 has found 6 matches, and the lowest support line is backed up by 5 models. The Cable has seen a rise and now has the closest levels of 1 5680 in resistance and 1 5650 in support. The lowest resistance line has found 7 confirmations, and R2 counts a former 12 month low among its 4 matches. R3 is a 20 day moving average with 3 studies. The highest support line sees 8 confirmations, and Price Channel Indicator Lower Line is among the 4 models for S2. The lowest support line has found a single match. Dollar/Yen has been remarkably bullish over the last few days, and it now has R1 of 118 90 and S1 of 118 30. R2 is backed up by Bollinger Upper Band, a psychological level and another model, and the other two resistance lines have found a single match each. S2 is the most confirmed support line with 6 studies, and S3 is supported by 3 models. S1 counts Price Channel Indicator Upper Line among its 2 matches. And last up is the Dollar/Swiss Franc, which stands between R1 of 0 96 and S1 of 0 9570. Standing near a 12 month high, R3 sees 10 confirmations. The second line has found 9 matches, and R1 is a 20 day moving average with 8 studies. S1 leads in support with 6 models, and a 50 day moving average is among the 4 matches for S2. S3 is a psychological level with 2 confirmations. That’s all for Thursday’s Support and Resistance Level Report, but check back tomorrow when the next report will be available. See you then.
Hello, I’m Sinead MacLaughlin and you’re watching the Support and Resistance Level Report for Thursday. Here’s how our in-house model tests out today.
Euro/Dollar has been moving in waves and is now trading in the range limited by R1 of 1 26 and S1 of 1 2530.
R1 is the most confirmed resistance line with 3 models, and R2 is a 50 day moving average with 2 matches. R3 counts Bollinger Upper Band as its only confirmation. S2 leads in support with 10 studies, including a former 2 year low and a psychological level. Standing near a 20 day moving average, S1 has found 6 matches, and the lowest support line is backed up by 5 models.
The Cable has seen a rise and now has the closest levels of 1 5680 in resistance and 1 5650 in support.
The lowest resistance line has found 7 confirmations, and R2 counts a former 12 month low among its 4 matches. R3 is a 20 day moving average with 3 studies. The highest support line sees 8 confirmations, and Price Channel Indicator Lower Line is among the 4 models for S2. The lowest support line has found a single match.
Dollar/Yen has been remarkably bullish over the last few days, and it now has R1 of 118 90 and S1 of 118 30.
R2 is backed up by Bollinger Upper Band, a psychological level and another model, and the other two resistance lines have found a single match each. S2 is the most confirmed support line with 6 studies, and S3 is supported by 3 models. S1 counts Price Channel Indicator Upper Line among its 2 matches.
And last up is the Dollar/Swiss Franc, which stands between R1 of 0 96 and S1 of 0 9570.
Standing near a 12 month high, R3 sees 10 confirmations. The second line has found 9 matches, and R1 is a 20 day moving average with 8 studies. S1 leads in support with 6 models, and a 50 day moving average is among the 4 matches for S2. S3 is a psychological level with 2 confirmations.
That’s all for Thursday’s Support and Resistance Level Report, but check back tomorrow when the next report will be available. See you then.
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