Hello, I’m Doireann McDermott and you’re watching the Support and Resistance Level Report for Wednesday. Here’s how our in-house model tests out today. First up is the Euro/Dollar, which is trading in the range limited by R1 of 1 2870 and S1 of 1 2840. The lowest resistance line is backed up by 5 studies, and R2 is a 10 day moving average with 3 matches. Standing at a 20 day moving average, R3 sees 2 confirmations. S1 leads in support with 8 studies, and Price Channel Indicator Lower Line is among the 3 matches for S2. S3 is confirmed by Bollinger Lower Band and another model. The Cable has inched higher, and it now stands between R1 of 1 6420 and S1 of 1 6390. R3 is a former 3 month low with 3 studies. Standing at what used to be a 6 month low, R2 has found 2 matches, and the lowest resistance line sees a single confirmation. A 20 day moving average is among the 6 models for S2, and the highest support line has found 4 matches. S3 is a 10 day moving average with 3 confirmations. Next up is the Dollar/Yen, which has the closest levels of 108 70 in resistance and 108 30 in support. R1 is the most confirmed resistance line with 12 studies. R3 is backed up by Bollinger Upper Band, a psychological level and another model, and Price Channel Indicator Upper Line is among the 2 matches for R2. The second support line has found 13 confirmations, and S1 is supported by 3 models. S3 is a 20 day moving average with 2 studies. And the last pair for this report is the Dollar/Swiss Franc, which stands below R1 of 0 9410 and above S1 of 0 9380. The lowest resistance line sees 7 confirmations. R2 is a 12 month high with 2 matches, and R3 counts a psychological level among its 2 studies. Standing near a 10 day moving average, S1 has found 7 matches, and a 20 day moving average is among the 4 models for S2. S3 is a former 6 month high with 3 studies. You’ve been watching the Support and Resistance Level Report for Wednesday. Check back in tomorrow for the next report. Goodbye.
Hello, I’m Doireann McDermott and you’re watching the Support and Resistance Level Report for Wednesday. Here’s how our in-house model tests out today.
First up is the Euro/Dollar, which is trading in the range limited by R1 of 1 2870 and S1 of 1 2840.
The lowest resistance line is backed up by 5 studies, and R2 is a 10 day moving average with 3 matches. Standing at a 20 day moving average, R3 sees 2 confirmations. S1 leads in support with 8 studies, and Price Channel Indicator Lower Line is among the 3 matches for S2. S3 is confirmed by Bollinger Lower Band and another model.
The Cable has inched higher, and it now stands between R1 of 1 6420 and S1 of 1 6390.
R3 is a former 3 month low with 3 studies. Standing at what used to be a 6 month low, R2 has found 2 matches, and the lowest resistance line sees a single confirmation. A 20 day moving average is among the 6 models for S2, and the highest support line has found 4 matches. S3 is a 10 day moving average with 3 confirmations.
Next up is the Dollar/Yen, which has the closest levels of 108 70 in resistance and 108 30 in support.
R1 is the most confirmed resistance line with 12 studies. R3 is backed up by Bollinger Upper Band, a psychological level and another model, and Price Channel Indicator Upper Line is among the 2 matches for R2. The second support line has found 13 confirmations, and S1 is supported by 3 models. S3 is a 20 day moving average with 2 studies.
And the last pair for this report is the Dollar/Swiss Franc, which stands below R1 of 0 9410 and above S1 of 0 9380.
The lowest resistance line sees 7 confirmations. R2 is a 12 month high with 2 matches, and R3 counts a psychological level among its 2 studies. Standing near a 10 day moving average, S1 has found 7 matches, and a 20 day moving average is among the 4 models for S2. S3 is a former 6 month high with 3 studies.
You’ve been watching the Support and Resistance Level Report for Wednesday. Check back in tomorrow for the next report. Goodbye.
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