The Dukascopy TV team is back with this week’s first edition of the Support and Resistance Level Report. I’m Sinead MacLaughlin and here’s how our in-house model tests out today.
The first pair for this report is the Euro/Dollar which stands between R1 of 1 2880 and S1 of 1 2830.
R2 is a 10 day moving average with 9 confirmations, and R3 is backed up by a 20 day moving average, a psychological level and two other studies. The lowest resistance line has found a single match. Price Channel Indicator Lower Line is among the 3 models for S1, and the other two support lines see 2 confirmations each, including Bollinger Lower Band for S3.
Next up is the Cable, which has the closest levels of 1 6360 in resistance and 1 6330 in support.
Standing near a 20 day moving average, R1 has found 4 matches, and R3 is a 50 day moving average with two confirmations. A psychological level is the only model for R2. S2 leads in support with 10 studies, including a 10 day moving average. S3 is backed up by Price Channel Indicator Lower Line and Bollinger Lower Band, and the highest support line sees a single confirmation.
Dollar/Yen is trading in the range limited by R1 of 109 and S1 of 108 70.
R2 is confirmed by Price Channel Indicator Upper Line, Bollinger Upper Band and 3 other studies. The lowest resistance line has found 3 matches, and an important psychological level is among the 2 models for R3. S1 is the most confirmed support line with 8 models, and a 10 day moving average is among the 6 studies for S3. The second line has found 2 matches.
And last up is the Dollar/Swiss Franc, which stands below R1 of 0 9420 and above S1 of 0 9360.
Price Channel Indicator Upper Line is among the 5 models for R1. R2 is backed up by Bollinger Upper Band, a 12 month high and two other studies, and R3 is a psychological level with 2 confirmations. The second line has found 13 matches, and S1 is a 10 day moving average with 11 studies. S3 counts a 20 day moving average among its 2 models.
You’ve been watching the Support and Resistance Level Report for Monday. Check back in tomorrow when the next report will be available. Goodbye.

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