Good morning traders, the Dukascopy TV team is here with this week’s last Support and Resistance Level Report.
Euro/Dollar has seen a decline which leaves it between R1 of 1 0790 and S1 of 1 0760.
Standing near a 150 day moving average, R1 is well confirmed with 11 models, and Bollinger Upper Band is among the 3 studies for R2. The highest resistance line has found 3 matches. S1 leads in support with 8 models, and S3 counts a 100 day moving average among its 7 technicals. The second line sees 6 confirmations.
The Cable is down as well, and it stands below R1 of 1 25 and above S1 of 1 2470.
The lower two resistance lines have found 3 matches each, including a psychological level for R1 and Price Channel Indicator Upper Line for R2, whereas R3 sees a single confirmation. S1 is supported by 8 models, and S2 is a 100 day moving average with 5 studies. A 20 day moving average is among the 2 confirmations for S3.
Dollar/Yen, on the other hand, has inched higher and now has R1 of 111 60 and S1 of 111 30.
R3 leads in resistance with 8 models, including a 100 day moving average. R1 sees 7 confirmations, and the second line has found 5 matches. Price Channel Indicator Lower Line is among the 3 studies for S2. S3 is backed up by a 150 day moving average, a psychological level and another technical, and the highest support line sees 2 confirmations.
And Dollar/Swiss Franc has risen to stand between R1 of 0 9970 and S1 of 0 9930.
R1 counts a 150 day moving average among its 11 models. R2 is a major psychological level with 6 studies, whereas a 20 day moving average is among the 2 matches for R3. S1 is the most confirmed support line with 14 models, whereas the other two lines have found 5 confirmations each, including Bollinger Lower Band for S2 and Price Channel Indicator Lower Line for S3.
So that’s how our in-house model tests out this Friday. I’m Jessica Walker and we’ll be back on Monday with the next overview. See you then.

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