Let’s see where the Support and Resistance levels stand this Wednesday morning. Euro/Dollar has lost some ground and now stands below R1 of 1 1160 and above S1 of 1 1130. Standing at a 50 day moving average, R3 sees 9 confirmations, and the second line has found 4 matches. R1 is a 100 day moving average with 3 models. S1 is supported by Price Channel Indicator Lower Line, Bollinger Lower Band and another study, whereas S3 is a psychological level with 2 models. A 150 day moving average is the only match for S2. Next up is the Cable, which is trading in the range limited by R1 of 1 4660 and S1 of 1 4590. R1 counts Bollinger Upper Band among its 4 models, while the other two resistance lines have found a single match each, namely, Price Channel Indicator Upper Line for R2 and a psychological level for R3. S2 is backed up a psychological level, a 20 day moving average and 5 other models. S3 has found 4 matches, including Price Channel Indicator Lower Line, Bollinger Lower Band and a 100 day moving average, and S1 is a 150 day moving average with 3 studies. Dollar/Yen currently finds itself between R1 of 110 20 and S1 of 109 80. R1 is the most confirmed resistance line with 4 models. Bollinger Upper Band is among the 2 studies for R2, and R3 counts Price Channel Indicator Upper Line as its only match. Standing near a 50 day moving average, S1 sees 7 confirmations. S2 counts a 20 day moving average among its 7 studies, and S3 is a 12 month low with 4 matches. And the last pair for this report is the Dollar/Swiss Franc, which has R1 of 0 9940 and S1 of 0 99. Price Channel Indicator Upper Line is among the 4 studies for R1, whereas R2 is Bollinger Upper Band with 3 confirmations. Standing at an important psychological level, R3 has found 2 matches. S1 is well confirmed with 12 studies, including a 150 day moving average, and the lowest support line has found 8 matches. S2 is a 100 day moving average with 6 models. Well, this is how our in-house model tests out this Wednesday. I’m Lucy Palfreeman and we’ll be covering the latest developments in the currency markets throughout the day, so stay with Dukascopy TV.
Let’s see where the Support and Resistance levels stand this Wednesday morning.
Euro/Dollar has lost some ground and now stands below R1 of 1 1160 and above S1 of 1 1130.
Standing at a 50 day moving average, R3 sees 9 confirmations, and the second line has found 4 matches. R1 is a 100 day moving average with 3 models. S1 is supported by Price Channel Indicator Lower Line, Bollinger Lower Band and another study, whereas S3 is a psychological level with 2 models. A 150 day moving average is the only match for S2.
Next up is the Cable, which is trading in the range limited by R1 of 1 4660 and S1 of 1 4590.
R1 counts Bollinger Upper Band among its 4 models, while the other two resistance lines have found a single match each, namely, Price Channel Indicator Upper Line for R2 and a psychological level for R3. S2 is backed up a psychological level, a 20 day moving average and 5 other models. S3 has found 4 matches, including Price Channel Indicator Lower Line, Bollinger Lower Band and a 100 day moving average, and S1 is a 150 day moving average with 3 studies.
Dollar/Yen currently finds itself between R1 of 110 20 and S1 of 109 80.
R1 is the most confirmed resistance line with 4 models. Bollinger Upper Band is among the 2 studies for R2, and R3 counts Price Channel Indicator Upper Line as its only match. Standing near a 50 day moving average, S1 sees 7 confirmations. S2 counts a 20 day moving average among its 7 studies, and S3 is a 12 month low with 4 matches.
And the last pair for this report is the Dollar/Swiss Franc, which has R1 of 0 9940 and S1 of 0 99.
Price Channel Indicator Upper Line is among the 4 studies for R1, whereas R2 is Bollinger Upper Band with 3 confirmations. Standing at an important psychological level, R3 has found 2 matches. S1 is well confirmed with 12 studies, including a 150 day moving average, and the lowest support line has found 8 matches. S2 is a 100 day moving average with 6 models.
Well, this is how our in-house model tests out this Wednesday. I’m Lucy Palfreeman and we’ll be covering the latest developments in the currency markets throughout the day, so stay with Dukascopy TV.
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