You’re watching the Support and Resistance Level Report for Thursday. Here’s how our in-house model tests out on the final trading day of this week.
First up is the Euro/Dollar, which is trading in the range limited by R1 of 1 1820 and S1 of 1 1790.
R1 is backed up by 8 models. R2 sees 3 matches and it’s a Bollinger upper band. A price channel indicator upper line is one of the 2 confirmations for R3. S1 leads in support with 12 matches, including a 20 day moving average. S2 is backed up by a Bollinger lower band and 5 more models. Only price channel indicator lower line is close to the lowest support level.
Pound/Dollar has the closest levels of 1 2840 in resistance and 1 2770 in support.
A 100 day moving average is one of the 14 confirmations for R2. There are 6 matches for R1 and 3 confirmations for the highest resistance level, which is a 50 day moving average. S1 has a price channel indicator lower line among its 4 confirmations. There are 3 studies near S2, which is both a 150 day moving average and a Bollinger lower band. S3 is a 3 month low.
Dollar/Yen currently stands between R1 of 110 and S1 of 109 50.
R1 has found 6 matches and it’s both a psychological level and a 20 day moving average. R2 is confirmed by a 100 day moving average, a Bollinger upper band and 2 more models. There are 2 confirmations for R3, which is a 150 day moving average. S2 is near 5 models, including a Bollinger lower band and a price channel indicator lower line. S1 posts 4 confirmations and 2 studies are near S3, which is a 6 month low.
And Dollar/Swiss Franc finds itself below R1 of 0 9670 and above S1 of 0 9640.
A 20 day moving average is among the 10 confirmations for R1. R2 and R3 have 5 and 3 matches respectively. The second line is both a 100 day moving average and a Bollinger upper band and R3 is a price channel indicator upper line. A 50 day moving average is one of the 10 confirmations for S1. S2 and S3 both have 4 matches. Second line is a Bollinger lower band and S3 is a psychological level and a price channel indicator lower line.
This was the Support and Resistance Level Report with me, Jessica Walker. Check back in tomorrow for the next overview of the key price levels. Goodbye.

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