Hello, I’m Louise McCauley with this week’s first Support and Resistance Level Report. Here’s how our in-house model tests out this Monday. Euro/Dollar has seen a decline which leaves it below R1 of 1 0660 and above S1 of 1 0610. The lowest resistance line has found 5 matches. R3 is confirmed by Bollinger Upper Band, a 150 day moving average and another model, and R2 is a 20 day moving average with 2 studies. S1 counts Price Channel Indicator Lower Line among its 5 models, and S3 is a 4 year low with 4 confirmations. Bollinger Lower Band is the only study for S2. The Cable has inched lower as well, and it is now trading in the range limited by R1 of 1 52 and S1 of 1 5160. R1 is the most confirmed resistance line with 12 studies, and R2 is a 50 day moving average with 4 models. Bollinger Upper Band is among the 2 matches for R3. Standing at a 3 month low, S2 sees 5 confirmations. The highest support line has found 4 matches, and Bollinger Lower Band is the only model for S3. Dollar/Yen has gained some ground, and it currently stands between R1 of 123 30 and S1 of 123. R1 leads in resistance with 11 studies. Price Channel Indicator Upper Line is among the 4 models for R2, and R3 is a psychological level with a single confirmation. The highest support line has found 9 matches, and S2 is a 20 day moving average with 3 studies. S3 is backed up by Bollinger Lower Band and a psychological level. And the last pair for this report is the Dollar/Swiss Franc, which has R1 of 1 0220 and S1 of 1 0190. R1 is confirmed by Bollinger Upper Band, Price Channel Indicator Upper Line and 4 other models. R2 is a 4 year high with 4 confirmations, and R3 counts a psychological level as its only match. S3 is backed up by a 20 day moving average, a psychological level and 3 other models. The second line sees 4 confirmations, and S1 is supported by 3 studies. You’ve been watching the Support and Resistance Level Report for Monday. Check back in tomorrow when the next one will be available. Goodbye.
Hello, I’m Louise McCauley with this week’s first Support and Resistance Level Report. Here’s how our in-house model tests out this Monday.
Euro/Dollar has seen a decline which leaves it below R1 of 1 0660 and above S1 of 1 0610.
The lowest resistance line has found 5 matches. R3 is confirmed by Bollinger Upper Band, a 150 day moving average and another model, and R2 is a 20 day moving average with 2 studies. S1 counts Price Channel Indicator Lower Line among its 5 models, and S3 is a 4 year low with 4 confirmations. Bollinger Lower Band is the only study for S2.
The Cable has inched lower as well, and it is now trading in the range limited by R1 of 1 52 and S1 of 1 5160.
R1 is the most confirmed resistance line with 12 studies, and R2 is a 50 day moving average with 4 models. Bollinger Upper Band is among the 2 matches for R3. Standing at a 3 month low, S2 sees 5 confirmations. The highest support line has found 4 matches, and Bollinger Lower Band is the only model for S3.
Dollar/Yen has gained some ground, and it currently stands between R1 of 123 30 and S1 of 123.
R1 leads in resistance with 11 studies. Price Channel Indicator Upper Line is among the 4 models for R2, and R3 is a psychological level with a single confirmation. The highest support line has found 9 matches, and S2 is a 20 day moving average with 3 studies. S3 is backed up by Bollinger Lower Band and a psychological level.
And the last pair for this report is the Dollar/Swiss Franc, which has R1 of 1 0220 and S1 of 1 0190.
R1 is confirmed by Bollinger Upper Band, Price Channel Indicator Upper Line and 4 other models. R2 is a 4 year high with 4 confirmations, and R3 counts a psychological level as its only match. S3 is backed up by a 20 day moving average, a psychological level and 3 other models. The second line sees 4 confirmations, and S1 is supported by 3 studies.
You’ve been watching the Support and Resistance Level Report for Monday. Check back in tomorrow when the next one will be available. Goodbye.
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