The Dukascopy TV team brings you another edition of the Support and Resistance Level Report. I’m Doireann McDermott and here’s how our in-house model tests out today. Euro/Dollar has seen a decline and now is trading in the range limited by R1 of 1 2740 and S1 of 1 2710. R1 is the most confirmed resistance line with 4 models, and R3 is Price Channel Indicator Upper Line with 3 studies. R2 counts Bollinger Upper Band among its 2 matches. The second support line has found 7 confirmations, and S3 is a 2 year low with 5 studies. Standing near a 20 day moving average, S1 sees 4 matches. The Cable has inched lower as well, and it stands below R1 of 1 6130 and above S1 of 1 61. A 20 day moving average is among the 5 models for R1, and the second line has found 3 matches. R3 is confirmed by a 50 day moving average and another study. Standing near a 6 month low, S2 sees 10 confirmations, and the highest support line has found 9 matches. S3 is a psychological level with 3 models. Dollar/Yen has been moving in waves, and it currently finds itself between R1 of 107 10 and S1 of 106 80. The lowest resistance line is backed up by 8 models, and R3 is a 4 year high with 7 studies. R2 counts a 20 day moving average among its 2 confirmations. The highest support line leads with 8 models. Standing at a 50 day moving average, S2 has found 6 matches, and S3 counts Bollinger Lower Band among its 5 confirmations. Dollar/Swiss Franc has moved North, and it has the closest levels of 0 9490 in resistance and 0 9460 in support. Standing near a 20 day moving average, R2 has found 12 matches, and a psychological level is among the 5 studies for R1. R3 is a 12 month high with 4 models. S1 is the most confirmed support line with 5 studies. S3 is backed up by Price Channel Indicator Lower Line, a 50 day moving average and two other studies, and S2 counts Bollinger Lower Band among its 2 models. You’ve been watching the Support and Resistance Level Report for Wednesday. Check back in tomorrow when the next report will be available. See you then.
The Dukascopy TV team brings you another edition of the Support and Resistance Level Report. I’m Doireann McDermott and here’s how our in-house model tests out today.
Euro/Dollar has seen a decline and now is trading in the range limited by R1 of 1 2740 and S1 of 1 2710.
R1 is the most confirmed resistance line with 4 models, and R3 is Price Channel Indicator Upper Line with 3 studies. R2 counts Bollinger Upper Band among its 2 matches. The second support line has found 7 confirmations, and S3 is a 2 year low with 5 studies. Standing near a 20 day moving average, S1 sees 4 matches.
The Cable has inched lower as well, and it stands below R1 of 1 6130 and above S1 of 1 61.
A 20 day moving average is among the 5 models for R1, and the second line has found 3 matches. R3 is confirmed by a 50 day moving average and another study. Standing near a 6 month low, S2 sees 10 confirmations, and the highest support line has found 9 matches. S3 is a psychological level with 3 models.
Dollar/Yen has been moving in waves, and it currently finds itself between R1 of 107 10 and S1 of 106 80.
The lowest resistance line is backed up by 8 models, and R3 is a 4 year high with 7 studies. R2 counts a 20 day moving average among its 2 confirmations. The highest support line leads with 8 models. Standing at a 50 day moving average, S2 has found 6 matches, and S3 counts Bollinger Lower Band among its 5 confirmations.
Dollar/Swiss Franc has moved North, and it has the closest levels of 0 9490 in resistance and 0 9460 in support.
Standing near a 20 day moving average, R2 has found 12 matches, and a psychological level is among the 5 studies for R1. R3 is a 12 month high with 4 models. S1 is the most confirmed support line with 5 studies. S3 is backed up by Price Channel Indicator Lower Line, a 50 day moving average and two other studies, and S2 counts Bollinger Lower Band among its 2 models.
You’ve been watching the Support and Resistance Level Report for Wednesday. Check back in tomorrow when the next report will be available. See you then.
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