Good morning, traders, the Dukascopy TV team is here with this week’s first Support and Resistance Level Report. Euro/Dollar is trading in the range limited by R1 of 1 1680 and S1 of 1 1640. Price Channel Indicator Upper Line is among the 5 studies for R1, and R2 is a 2 year high with 3 confirmations. The highest resistance line has found a single match. S1 leads in resistance with 8 models, and S3 is a former 12 month high with 7 confirmations. S2 counts a psychological level among its 4 studies. The Cable has been moving in waves, but it now has R1 of 1 3040 and S1 of 1 30. Standing near a former 6 month high, R1 is well confirmed with 11 models. R3 is confirmed by Price Channel Indicator Upper Line, Bollinger Upper Band and 2 other studies, and the second line has found 3 matches. S2 counts a 20 day moving average among its 9 studies, and a psychological level is among the 5 models for S1. S3 is a 50 day moving average with 3 matches. Dollar/Yen has seen a decline, which leaves it below R1 of 111 40 and S1 of 111. R3 is a 150 day moving average with 9 studies, and R2 counts a 100 day moving average among its 8 matches. The lowest resistance line sees a single confirmation. S1 has found 6 matches, including Price Channel Indicator Lower Line and Bollinger Lower Band, whereas S3 counts a 6 month low among its 2 confirmations. S2 is a psychological level with a single confirmation. And Dollar/Swiss Franc has the closest levels of 0 9490 in resistance and 0 9440 in support. R3 counts a 20 day moving average among its 10 technicals, while R2 is a former 12 month low with 9 models. Standing near a psychological level, R1 has found 4 matches. S1 counts Price Channel Indicator Lower Line among its 3 studies, and the second line sees 2 confirmations. A 2 year low is the only match for S3. And that’s how our in-house model tests out this Monday morning. I’m Celeste Skinner and the trading week is just getting started, so stay with us.
Good morning, traders, the Dukascopy TV team is here with this week’s first Support and Resistance Level Report.
Euro/Dollar is trading in the range limited by R1 of 1 1680 and S1 of 1 1640.
Price Channel Indicator Upper Line is among the 5 studies for R1, and R2 is a 2 year high with 3 confirmations. The highest resistance line has found a single match. S1 leads in resistance with 8 models, and S3 is a former 12 month high with 7 confirmations. S2 counts a psychological level among its 4 studies.
The Cable has been moving in waves, but it now has R1 of 1 3040 and S1 of 1 30.
Standing near a former 6 month high, R1 is well confirmed with 11 models. R3 is confirmed by Price Channel Indicator Upper Line, Bollinger Upper Band and 2 other studies, and the second line has found 3 matches. S2 counts a 20 day moving average among its 9 studies, and a psychological level is among the 5 models for S1. S3 is a 50 day moving average with 3 matches.
Dollar/Yen has seen a decline, which leaves it below R1 of 111 40 and S1 of 111.
R3 is a 150 day moving average with 9 studies, and R2 counts a 100 day moving average among its 8 matches. The lowest resistance line sees a single confirmation. S1 has found 6 matches, including Price Channel Indicator Lower Line and Bollinger Lower Band, whereas S3 counts a 6 month low among its 2 confirmations. S2 is a psychological level with a single confirmation.
And Dollar/Swiss Franc has the closest levels of 0 9490 in resistance and 0 9440 in support.
R3 counts a 20 day moving average among its 10 technicals, while R2 is a former 12 month low with 9 models. Standing near a psychological level, R1 has found 4 matches. S1 counts Price Channel Indicator Lower Line among its 3 studies, and the second line sees 2 confirmations. A 2 year low is the only match for S3.
And that’s how our in-house model tests out this Monday morning. I’m Celeste Skinner and the trading week is just getting started, so stay with us.
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