21.04.2015 – Support and Resistance by Dukascopy
April 21, 2015 7:21 amVideo
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Hello, I’m Jessica Walker with another Support and Resistance Level Report. Let’s see how our in-house model tests out today.
First up is the Euro/Dollar, which has the closest levels of 1 0730 in resistance and 1 07 in support.
R1 is the most confirmed resistance line with 4 studies, and the second line is a 20 day moving average with 3 models. R3 counts a psychological level among its 2 matches. S2 is Bollinger Lower Band with 6 studies, and the highest support line sees 4 confirmations. Price Channel Indicator Lower Line is among the 2 models for S3.
The Cable has inched lower and is now trading in the range limited by R1 of 1 4910 and S1 of 1 4870.
R3 is backed up by a 50 day moving average, Price Channel Indicator Upper Line and 2 other studies. R2 has found 3 matches, including Bollinger Upper Band and a psychological level, and the lowest resistance line sees 2 confirmations. Standing near a 20 day moving average, S2 has found 6 matches, and the highest support line is backed up by 5 models. S3 is Bollinger Lower Band with 4 studies.
Dollar/Yen is on the rise, and it stands between R1 of 119 70 and S1 of 119 30.
Standing at a 4 year high, R3 has found 7 matches, and R1 counts a 50 day moving average among its 6 studies. R2 is Bollinger Upper Band with 3 confirmations. A 100 day moving average is among the 6 models for S1, and S2 is Price Channel Indicator Lower Line with 3 matches. S3 counts a 150 day moving average among its 2 studies.
And last up is the Dollar/Swiss Franc, which has R1 of 0 9590 and S1 of 0 9560.
R1 leads in resistance with 7 studies, including a 150 day moving average, and R2 is a 20 day moving average with 5 matches. The highest resistance line sees 2 confirmations. S2 is backed up by a psychological level, Price Channel Indicator Lower Line and 4 other models, and the highest support line has found 5 matches. S3 is confirmed by a single study.
That’s all for Tuesday’s Support and Resistance Level Report, but we’ll be back tomorrow when the next report will be available. Goodbye.
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