It’s time for Wednesday’s Support and Resistance Level Report. I’m Monica Gibson with a closer look at how our in-house model tests out today. Euro/Dollar has inched lower and is now trading in the range limited by R1 of 1 1590 and S1 of 1 1560. The lowest resistance line is backed up by 4 models, and a 10 day moving average is among the 2 studies for R2. R3 counts a 20 day moving average as its only match. S1 is the most confirmed support line with 4 studies, and S2 is a psychological level with 3 matches. S3 is supported by Bollinger Lower Band, Price Channel Indicator Lower Line and another model. The Cable has seen limited movement, and it stands between R1 of 1 5180 and S1 of 1 5150. R1 is the most confirmed resistance line with 12 models. R3 is backed up by a former 12 month low, a psychological level and 3 other studies, and a 20 day moving average is the only match for R2. S1 is a 10 day moving average with 10 confirmations, and S3 counts a psychological level among its 2 studies. The second line is Price Channel Indicator Lower Line with a single match. Next up is the Dollar/Yen, and its yesterday’s decline leaves it below R1 of 117 90 and above S1 of 117 50. Standing near a 10 day moving average, R2 sees 5 confirmations. The lowest resistance line has found 4 matches, and R3 is a 20 day moving average with 3 models. S3 counts Price Channel Indicator Lower Line among its 3 studies, and the other two resistance lines see 2 confirmations each, including Bollinger Lower Band for S2. And the last pair for this report is the Dollar/Swiss Franc, which has R1 of 0 8740 and S1 of 0 87. All three resistance lines are backed up by a single study each. The second line is a former 6 month low, and R3 is a psychological level. Standing at a former 2 year low, S1 sees 2 confirmations, and Bollinger Lower Band is among the 2 models for S2. S3 counts a psychological level as its only match. That concludes the Support and Resistance Level Report for Wednesday. We’ll be back tomorrow with the next overview of key price levels, so see you then.
It’s time for Wednesday’s Support and Resistance Level Report. I’m Monica Gibson with a closer look at how our in-house model tests out today.
Euro/Dollar has inched lower and is now trading in the range limited by R1 of 1 1590 and S1 of 1 1560.
The lowest resistance line is backed up by 4 models, and a 10 day moving average is among the 2 studies for R2. R3 counts a 20 day moving average as its only match. S1 is the most confirmed support line with 4 studies, and S2 is a psychological level with 3 matches. S3 is supported by Bollinger Lower Band, Price Channel Indicator Lower Line and another model.
The Cable has seen limited movement, and it stands between R1 of 1 5180 and S1 of 1 5150.
R1 is the most confirmed resistance line with 12 models. R3 is backed up by a former 12 month low, a psychological level and 3 other studies, and a 20 day moving average is the only match for R2. S1 is a 10 day moving average with 10 confirmations, and S3 counts a psychological level among its 2 studies. The second line is Price Channel Indicator Lower Line with a single match.
Next up is the Dollar/Yen, and its yesterday’s decline leaves it below R1 of 117 90 and above S1 of 117 50.
Standing near a 10 day moving average, R2 sees 5 confirmations. The lowest resistance line has found 4 matches, and R3 is a 20 day moving average with 3 models. S3 counts Price Channel Indicator Lower Line among its 3 studies, and the other two resistance lines see 2 confirmations each, including Bollinger Lower Band for S2.
And the last pair for this report is the Dollar/Swiss Franc, which has R1 of 0 8740 and S1 of 0 87.
All three resistance lines are backed up by a single study each. The second line is a former 6 month low, and R3 is a psychological level. Standing at a former 2 year low, S1 sees 2 confirmations, and Bollinger Lower Band is among the 2 models for S2. S3 counts a psychological level as its only match.
That concludes the Support and Resistance Level Report for Wednesday. We’ll be back tomorrow with the next overview of key price levels, so see you then.
You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#146256
Смотрите Dukascopy TV на вашем языке: http://www.youtube.com/user/dukascopytvrussian
用您的语言观看杜高斯贝电视: http://www.youtube.com/user/dukascopytvchinese
Miren Dukascopy TV en su idioma: http://www.youtube.com/user/dukascopytvspanish
Schauen Sie Dukascopy TV in Ihrer Sprache: http://www.youtube.com/user/dukascopytvgerman
Regardez la Dukascopy TV dans votre langue: http://www.youtube.com/user/dukascopytvfrench
Veja a TV Dukascopy na sua língua: http://www.youtube.com/user/dukascopytvpt
Dukascopy TV is a free educational project producing daily updates on global markets, visit http://Dukascopy.com/tv for more
Related Posts: