It’s a new trading week, and the Dukascopy TV team brings you another Support and Resistance Level Report. I’m Ben Jones and here’s how our in-house model tests out today. Euro/Dollar plunged on Friday, and it now stands between R1 of 1 2430 and S1 of 1 2360. R2 is well confirmed with 12 studies, including a former 2 year low and a psychological level, and the lowest resistance line has found 4 matches. R3 counts a 50 day moving average among its 2 models. The upper two support lines see 2 confirmations each, including Price Channel Indicator Lower Line for S1 and Bollinger Lower Band for S2. S3 is backed up by a single study. The Cable has seen limited movement over the weekend, trading in the range limited by R1 of 1 5670 and S1 of 1 5640. R1 leads in resistance with 14 models, and a 10 day moving average is among the 6 matches for R2. R3 is confirmed by a 20 day moving average, a former 12 month low and another model. The highest support line has found 7 matches. S2 counts Price Channel Indicator Lower Line among its 3 studies, and Bollinger Lower Band is among the 2 models for S3. Dollar/Yen has been moving in waves and now has the closest levels of 118 10 in resistance and 117 80 in support. The lowest resistance line has found 6 matches. R2 is Price Channel Indicator Upper Line with 3 confirmations, and R3 is backed up by a psychological level and another study. S2 counts a 10 day moving average among its 6 models, and the highest support line sees 4 confirmations. S3 is a psychological level with 2 studies. And last up is the Dollar/Swiss Franc, which finds itself below R1 of 0 9730 and S1 of 0 9690. R1 is confirmed by Price Channel Indicator Upper Line, Bollinger Upper Band and another model. Standing at an important psychological level, R3 has found 2 matches, and R2 counts a 2 year high as its only confirmation. S1 counts a former 12 month high among its 5 models, and S2 is a 20 day moving average with 4 studies. Standing at a 50 day moving average, S3 sees 2 confirmations. You’ve been watching the Support and Resistance Level Report for Monday. We’ll be back tomorrow with the next report. Goodbye.
It’s a new trading week, and the Dukascopy TV team brings you another Support and Resistance Level Report. I’m Ben Jones and here’s how our in-house model tests out today.
Euro/Dollar plunged on Friday, and it now stands between R1 of 1 2430 and S1 of 1 2360.
R2 is well confirmed with 12 studies, including a former 2 year low and a psychological level, and the lowest resistance line has found 4 matches. R3 counts a 50 day moving average among its 2 models. The upper two support lines see 2 confirmations each, including Price Channel Indicator Lower Line for S1 and Bollinger Lower Band for S2. S3 is backed up by a single study.
The Cable has seen limited movement over the weekend, trading in the range limited by R1 of 1 5670 and S1 of 1 5640.
R1 leads in resistance with 14 models, and a 10 day moving average is among the 6 matches for R2. R3 is confirmed by a 20 day moving average, a former 12 month low and another model. The highest support line has found 7 matches. S2 counts Price Channel Indicator Lower Line among its 3 studies, and Bollinger Lower Band is among the 2 models for S3.
Dollar/Yen has been moving in waves and now has the closest levels of 118 10 in resistance and 117 80 in support.
The lowest resistance line has found 6 matches. R2 is Price Channel Indicator Upper Line with 3 confirmations, and R3 is backed up by a psychological level and another study. S2 counts a 10 day moving average among its 6 models, and the highest support line sees 4 confirmations. S3 is a psychological level with 2 studies.
And last up is the Dollar/Swiss Franc, which finds itself below R1 of 0 9730 and S1 of 0 9690.
R1 is confirmed by Price Channel Indicator Upper Line, Bollinger Upper Band and another model. Standing at an important psychological level, R3 has found 2 matches, and R2 counts a 2 year high as its only confirmation. S1 counts a former 12 month high among its 5 models, and S2 is a 20 day moving average with 4 studies. Standing at a 50 day moving average, S3 sees 2 confirmations.
You’ve been watching the Support and Resistance Level Report for Monday. We’ll be back tomorrow with the next report. Goodbye.
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