The Dukascopy TV team is back with another Support and Resistance Level Report. I’m Louise McCauley and here’s how our in-house model tests out this Monday. The first pair for this report is the Euro/Dollar, which has R1 of 1 1280 and S1 of 1 1110. Standing near a 10 day moving average, R2 sees 7 confirmations. R3 is a 20 day moving average with 6 matches, and R1 is backed up by Bollinger Lower Band and another model. S1 counts Price Channel Indicator Lower Line among its 4 studies, and S2 is a psychological level with a single confirmation. Another psychological level is the only match for S3. Next up is the Cable, which finds itself below R1 of 1 5030 and above S1 of 1 50. R2 is a 10 day moving average with 8 studies, and a 20 day moving average is among the 5 models for R3. The lowest resistance line sees 4 confirmations. Standing at a psychological level, S1 has found 5 matches, and S2 counts Price Channel Indicator Lower Line among its 4 studies. S3 is supported by Bollinger Lower Band and another model. Dollar/Yen has the closest levels of 117 80 in resistance and 117 50 in support. R1 counts a 10 day moving average among its 6 models. Standing near a 50 day moving average, R2 sees 5 confirmations, and a psychological level is among the 2 studies for R3. S1 is the most confirmed support line with 3 models, and the other two lines have found a single match each. S2 is Bollinger Lower Band. And last up is the Dollar/Swiss Franc, which stands between R1 of 0 8820 and S1 of 0 8770. The lower two resistance lines are backed up by 2 models each, including a former 6 month low for R2. A psychological level is the only match for R3. Standing at a former 2 year low, S2 sees 5 confirmations, and S3 is a psychological level with 3 models. The highest support line has found 2 matches. That’s all for Monday’s Support and Resistance Level Report. Check back tomorrow when the next report will be available. Goodbye.
The Dukascopy TV team is back with another Support and Resistance Level Report. I’m Louise McCauley and here’s how our in-house model tests out this Monday.
The first pair for this report is the Euro/Dollar, which has R1 of 1 1280 and S1 of 1 1110.
Standing near a 10 day moving average, R2 sees 7 confirmations. R3 is a 20 day moving average with 6 matches, and R1 is backed up by Bollinger Lower Band and another model. S1 counts Price Channel Indicator Lower Line among its 4 studies, and S2 is a psychological level with a single confirmation. Another psychological level is the only match for S3.
Next up is the Cable, which finds itself below R1 of 1 5030 and above S1 of 1 50.
R2 is a 10 day moving average with 8 studies, and a 20 day moving average is among the 5 models for R3. The lowest resistance line sees 4 confirmations. Standing at a psychological level, S1 has found 5 matches, and S2 counts Price Channel Indicator Lower Line among its 4 studies. S3 is supported by Bollinger Lower Band and another model.
Dollar/Yen has the closest levels of 117 80 in resistance and 117 50 in support.
R1 counts a 10 day moving average among its 6 models. Standing near a 50 day moving average, R2 sees 5 confirmations, and a psychological level is among the 2 studies for R3. S1 is the most confirmed support line with 3 models, and the other two lines have found a single match each. S2 is Bollinger Lower Band.
And last up is the Dollar/Swiss Franc, which stands between R1 of 0 8820 and S1 of 0 8770.
The lower two resistance lines are backed up by 2 models each, including a former 6 month low for R2. A psychological level is the only match for R3. Standing at a former 2 year low, S2 sees 5 confirmations, and S3 is a psychological level with 3 models. The highest support line has found 2 matches.
That’s all for Monday’s Support and Resistance Level Report. Check back tomorrow when the next report will be available. Goodbye.
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