The French elections have shaken up the currency markets, so let’s see where the Support and Resistance levels stand this Monday morning. Euro/Dollar has surged to stand between R1 of 1 09 and S1 of 1 0840. R1 counts Price Channel Indicator Upper Line among its 7 studies, while the other two resistance lines have found a single match each, namely, a psychological level for R2 and a 6 month high for R3. S2 is a 150 day moving average with 8 models, and Price Channel Indicator Lower Line is among the 2 studies for S3. The highest support line sees a single confirmation. The Cable has seen its ups and downs, but it currently has R1 of 1 28 and S1 of 1 2760. Bollinger Upper Band is among the 8 models for R2, and the lowest resistance line sees 6 confirmations. R3 counts Price Channel Indicator Upper Line among its 3 studies. Standing at a 20 day moving average, S3 sees 5 confirmations. The highest support line has found 3 matches, and S2 is backed up by 2 studies. Dollar/Yen is up as well, and it finds itself below R1 of 110 30 and above S1 of 110. The lowest resistance line has found 2 matches, and R2 is backed up by Price Channel Indicator Upper Line and Bollinger Upper Band. A psychological level is the only model for R3. S2 leads in support with 10 studies. S1 is confirmed by a psychological level, a 20 day moving average and 4 other studies, and S3 has found 5 matches, including Price Channel Indicator Lower Line and Bollinger Lower Band. And Dollar/Swiss Franc has seen some volatility, but it now stands between R1 of 1 and S1 of 0 9960. Standing near a 100 day moving average, R3 is well confirmed with 11 studies. R2 counts a 150 day moving average among its 9 technicals, and R1 is backed up by a major psychological level, a 20 day moving average and 6 other models. S1 is the most confirmed support line with 7 studies. S3 counts Price Channel Indicator Lower Line among its 4 models, and Bollinger Lower Band is among the 3 matches for S2. I’m Jack Everitt and that’s how our in-house model tests out today. Check back in tomorrow for the next overview. Goodbye.
The French elections have shaken up the currency markets, so let’s see where the Support and Resistance levels stand this Monday morning.
Euro/Dollar has surged to stand between R1 of 1 09 and S1 of 1 0840.
R1 counts Price Channel Indicator Upper Line among its 7 studies, while the other two resistance lines have found a single match each, namely, a psychological level for R2 and a 6 month high for R3. S2 is a 150 day moving average with 8 models, and Price Channel Indicator Lower Line is among the 2 studies for S3. The highest support line sees a single confirmation.
The Cable has seen its ups and downs, but it currently has R1 of 1 28 and S1 of 1 2760.
Bollinger Upper Band is among the 8 models for R2, and the lowest resistance line sees 6 confirmations. R3 counts Price Channel Indicator Upper Line among its 3 studies. Standing at a 20 day moving average, S3 sees 5 confirmations. The highest support line has found 3 matches, and S2 is backed up by 2 studies.
Dollar/Yen is up as well, and it finds itself below R1 of 110 30 and above S1 of 110.
The lowest resistance line has found 2 matches, and R2 is backed up by Price Channel Indicator Upper Line and Bollinger Upper Band. A psychological level is the only model for R3. S2 leads in support with 10 studies. S1 is confirmed by a psychological level, a 20 day moving average and 4 other studies, and S3 has found 5 matches, including Price Channel Indicator Lower Line and Bollinger Lower Band.
And Dollar/Swiss Franc has seen some volatility, but it now stands between R1 of 1 and S1 of 0 9960.
Standing near a 100 day moving average, R3 is well confirmed with 11 studies. R2 counts a 150 day moving average among its 9 technicals, and R1 is backed up by a major psychological level, a 20 day moving average and 6 other models. S1 is the most confirmed support line with 7 studies. S3 counts Price Channel Indicator Lower Line among its 4 models, and Bollinger Lower Band is among the 3 matches for S2.
I’m Jack Everitt and that’s how our in-house model tests out today. Check back in tomorrow for the next overview. Goodbye.
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