Hello, I’m Sinead MacLaughlin and you’re watching the Support and Resistance Level Report for Friday. 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 2660 and S1 of 1 2630.
R3 counts Bollinger Upper Band among its 6 studies, and 20 day moving average is among the 4 models for R1. The second resistance line sees 3 confirmations. S2 is a 2 year low with 6 models, and the highest support line has found 5 matches. S3 confirmed by Bollinger Lower Band and another model.
The Cable has seen its ups and downs and now stands between R1 of 1 6050 and S1 of 1 6020.
Standing at a former 6 month low, R1 sees 11 confirmations, and the second line is a 20 day moving average with 8 studies. R3 is backed up by 3 models. S2 is a psychological level with 6 confirmations, and S3 counts Bollinger Lower Band among its 4 studies. The highest support line has found 3 matches.
Next up is the Dollar/Yen, and its yesterday’s rise puts it below R1 of 108 40 and above S1 of 107 90.
R3 is a 4 year high with 7 studies, and the other two resistance lines have found a single match each. S2 is the most confirmed support line with 11 models. S3 counts a 50 day moving average among its 5 studies, and S1 has found 3 matches, including a 20 day moving average.
Dollar/Swiss Franc has mostly been trading sideways, and it has R1 of 0 9550 and S1 of 0 9520.
R1 leads in resistance with 10 models, and R2 counts a 12 month high among its 5 matches. R3 is backed up by Bollinger Upper Band and another study. Standing near a psychological level, S2 has found 8 matches, and a 20 day moving average is among the 7 studies for S1. S3 is Bollinger Lower Band with 5 confirmations.
And that’s all for this week’s last Support and Resistance Level Report. We’ll be back on Monday with the next edition, but until then, goodbye.

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