Good Monday morning, the Dukascopy TV team is here with this week’s first Support and Resistance Level Report. We start with traders’ favourite pair, the Euro/Dollar, which has R1 of 1 18 and S1 of 1 1760. Standing near a 20 day moving average, R1 is well confirmed with 11 models. R2 counts a 50 day moving average among its 8 matches, and Bollinger Upper Band is among the 5 studies for R3. S1 leads in support with 5 technicals, and Bollinger Lower Band is among the 2 models for S2. Price Channel Indicator Lower Line is the only match for S3. The Cable is trading in the range limited by R1 of 1 3250 and S1 of 1 32. R1 leads in resistance with 5 models, including a 20 day moving average, whereas the second line has found 3 matches. Bollinger Upper Band is among the 2 studies for R3. The highest support line sees 8 confirmations, and S2 is a 50 day moving average with 4 models. S3 is supported by Price Channel Indicator Lower Line and Bollinger Lower Band. Dollar/Yen has the closest levels of 113 90 in resistance and 113 30 in support. The lower two resistance lines have found 2 matches each, including a 6 month high for R2, while R3 counts a psychological level as its only model. Standing at a 20 day moving average, S2 sees 10 confirmations, and Bollinger Upper Band is among the 6 studies for S1. S3 is Bollinger Lower Band with 4 technicals. And Dollar/Swiss Franc finds itself between R1 of 0 9860 and S1 of 0 9830. Price Channel Indicator Upper Line is among the 3 studies for R1, and R3 is a major psychological level with 2 models. The second line sees a single confirmation. S2 is well supported with 16 studies, including a 150 day moving average, and S1 has found 4 matches. S3 is confirmed by Bollinger Lower Band, a 100 day moving average and 2 other technicals. I’m Jessica Walker and that’s how our in-house model tests out today. Check back in tomorrow for the next overview.
Good Monday morning, the Dukascopy TV team is here with this week’s first Support and Resistance Level Report.
We start with traders’ favourite pair, the Euro/Dollar, which has R1 of 1 18 and S1 of 1 1760.
Standing near a 20 day moving average, R1 is well confirmed with 11 models. R2 counts a 50 day moving average among its 8 matches, and Bollinger Upper Band is among the 5 studies for R3. S1 leads in support with 5 technicals, and Bollinger Lower Band is among the 2 models for S2. Price Channel Indicator Lower Line is the only match for S3.
The Cable is trading in the range limited by R1 of 1 3250 and S1 of 1 32.
R1 leads in resistance with 5 models, including a 20 day moving average, whereas the second line has found 3 matches. Bollinger Upper Band is among the 2 studies for R3. The highest support line sees 8 confirmations, and S2 is a 50 day moving average with 4 models. S3 is supported by Price Channel Indicator Lower Line and Bollinger Lower Band.
Dollar/Yen has the closest levels of 113 90 in resistance and 113 30 in support.
The lower two resistance lines have found 2 matches each, including a 6 month high for R2, while R3 counts a psychological level as its only model. Standing at a 20 day moving average, S2 sees 10 confirmations, and Bollinger Upper Band is among the 6 studies for S1. S3 is Bollinger Lower Band with 4 technicals.
And Dollar/Swiss Franc finds itself between R1 of 0 9860 and S1 of 0 9830.
Price Channel Indicator Upper Line is among the 3 studies for R1, and R3 is a major psychological level with 2 models. The second line sees a single confirmation. S2 is well supported with 16 studies, including a 150 day moving average, and S1 has found 4 matches. S3 is confirmed by Bollinger Lower Band, a 100 day moving average and 2 other technicals.
I’m Jessica Walker and that’s how our in-house model tests out today. Check back in tomorrow for the next overview.
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