Hello, it’s time for Thursday’s Support and Resistance Level Report. Let’s take a closer look at how our in-house model tests out today. Euro/Dollar has inched lower and now stands below R1 of 1 1320 and above S1 of 1 1280. Standing at a 3 month high, R2 sees 8 confirmations, and R1 follows with 5 studies, including a 20 day moving average. R3 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band and 2 other models. The highest support line has found 5 matches. S2 is confirmed by a 50 day moving average, Bollinger Lower Band and another study, whereas Price Channel Indicator Lower Line is the only model for S3. The Cable is down as well, and it has the closest levels of 1 4350 in resistance and 1 4310 in support. The lowest resistance line has found 4 matches, and R2 is backed up by Bollinger Upper Band, a 100 day moving average and 2 other studies. Price Channel Indicator Upper Line is among the 2 models for R3. Standing at a 50 day moving average, S2 sees 7 confirmations, and the other two support lines have found 2 matches each, including Bollinger Lower Band for S3. Dollar/Yen has gained some ground, and it finds itself between R1 of 110 and S1 of 109 60. R3 is a former 5 year low with 5 confirmations. R2 counts a 20 day moving average among its 3 models, and R1 is a psychological level with 2 studies. S2 is the most confirmed support line with 5 models. The highest line has found 4 matches, and Price Channel Indicator Lower Line is among the 3 studies for S3. And last up is the Dollar/Swiss Franc, which now has R1 of 0 9730 and S1 of 0 9680. R2 is backed up by Bollinger Upper Band, Price Channel Indicator Upper Line, a 50 day moving average and another model. Standing at a 150 day moving average, R3 has found 3 matches, and the lowest resistance line sees a single confirmation. S1 leads in support with 10 studies. S2 is a 20 day moving average with 8 matches, and S3 is backed up by Price Channel Indicator Lower Line, a psychological level, Bollinger Lower Band and 4 other models. That was me, Louise McCauley, with Thursday’s Support and Resistance Level Report. Make sure you stay with the Dukascopy TV to follow the latest developments in the currency markets. See you soon.
Hello, it’s time for Thursday’s Support and Resistance Level Report. Let’s take a closer look at how our in-house model tests out today.
Euro/Dollar has inched lower and now stands below R1 of 1 1320 and above S1 of 1 1280.
Standing at a 3 month high, R2 sees 8 confirmations, and R1 follows with 5 studies, including a 20 day moving average. R3 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band and 2 other models. The highest support line has found 5 matches. S2 is confirmed by a 50 day moving average, Bollinger Lower Band and another study, whereas Price Channel Indicator Lower Line is the only model for S3.
The Cable is down as well, and it has the closest levels of 1 4350 in resistance and 1 4310 in support.
The lowest resistance line has found 4 matches, and R2 is backed up by Bollinger Upper Band, a 100 day moving average and 2 other studies. Price Channel Indicator Upper Line is among the 2 models for R3. Standing at a 50 day moving average, S2 sees 7 confirmations, and the other two support lines have found 2 matches each, including Bollinger Lower Band for S3.
Dollar/Yen has gained some ground, and it finds itself between R1 of 110 and S1 of 109 60.
R3 is a former 5 year low with 5 confirmations. R2 counts a 20 day moving average among its 3 models, and R1 is a psychological level with 2 studies. S2 is the most confirmed support line with 5 models. The highest line has found 4 matches, and Price Channel Indicator Lower Line is among the 3 studies for S3.
And last up is the Dollar/Swiss Franc, which now has R1 of 0 9730 and S1 of 0 9680.
R2 is backed up by Bollinger Upper Band, Price Channel Indicator Upper Line, a 50 day moving average and another model. Standing at a 150 day moving average, R3 has found 3 matches, and the lowest resistance line sees a single confirmation. S1 leads in support with 10 studies. S2 is a 20 day moving average with 8 matches, and S3 is backed up by Price Channel Indicator Lower Line, a psychological level, Bollinger Lower Band and 4 other models.
That was me, Louise McCauley, with Thursday’s Support and Resistance Level Report. Make sure you stay with the Dukascopy TV to follow the latest developments in the currency markets. See you soon.
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