You’re watching the Support and Resistance Level Report for Friday. Here’s how our in-house model tests out on this last day of the trading week. Euro/Dollar has gained some ground, and it now stands below R1 of 1 1070 and above S1 of 1 1030. Standing at a 20 day moving average, R2 sees 7 confirmations, and the lowest resistance line counts a 3 month high among its 5 models. R3 is backed up by Bollinger Upper Band and Price Channel Indicator Upper Line. S1 leads in support with 10 studies, including a 150 day moving average, and S2 is a psychological level with 7 models. Bollinger Lower Band is among the 2 models for S3. The Cable currently has the closest levels of 1 40 in resistance and 1 3950 in support. R2 is a former 4 year low with 7 confirmations. R1 counts a psychological level among its 3 models, and R3 is a 20 day moving average with 3 studies. Bollinger Lower Band is among the 5 models for S1, and the other two support lines have found a single match each, that is, Price Channel Indicator Lower Line for S2 and a psychological level for S3. Dollar/Yen is trading in the range limited by R1 of 112 80 and S1 of 112 50. Standing at a 12 month low, R3 sees 4 confirmations, and the lowest resistance line has found 3 matches. R2 is backed up by a 20 day moving average and a psychological level. The highest support line has found 6 matches. S2 counts Price Channel Indicator Lower Line among its 2 models, and Bollinger Lower Band is the only confirmation for S3. And last up is the Dollar/Swiss Franc, which has R1 of 0 9920 and S1 of 0 9870. R1 is well confirmed with 13 models, including a 20 day moving average, and R2 is an important psychological level with 4 matches. Bollinger Upper Band is the only confirmation for R3. Standing at a 150 day moving average, S1 has found 12 matches, and S2 is a 3 month low with 2 studies. Bollinger Lower Band is among the 2 models for S3. That’s all for Friday’s Support and Resistance Level Report. I’m Sam Meredith and we’ll be back on Monday with the next overview. See you then.
You’re watching the Support and Resistance Level Report for Friday. Here’s how our in-house model tests out on this last day of the trading week.
Euro/Dollar has gained some ground, and it now stands below R1 of 1 1070 and above S1 of 1 1030.
Standing at a 20 day moving average, R2 sees 7 confirmations, and the lowest resistance line counts a 3 month high among its 5 models. R3 is backed up by Bollinger Upper Band and Price Channel Indicator Upper Line. S1 leads in support with 10 studies, including a 150 day moving average, and S2 is a psychological level with 7 models. Bollinger Lower Band is among the 2 models for S3.
The Cable currently has the closest levels of 1 40 in resistance and 1 3950 in support.
R2 is a former 4 year low with 7 confirmations. R1 counts a psychological level among its 3 models, and R3 is a 20 day moving average with 3 studies. Bollinger Lower Band is among the 5 models for S1, and the other two support lines have found a single match each, that is, Price Channel Indicator Lower Line for S2 and a psychological level for S3.
Dollar/Yen is trading in the range limited by R1 of 112 80 and S1 of 112 50.
Standing at a 12 month low, R3 sees 4 confirmations, and the lowest resistance line has found 3 matches. R2 is backed up by a 20 day moving average and a psychological level. The highest support line has found 6 matches. S2 counts Price Channel Indicator Lower Line among its 2 models, and Bollinger Lower Band is the only confirmation for S3.
And last up is the Dollar/Swiss Franc, which has R1 of 0 9920 and S1 of 0 9870.
R1 is well confirmed with 13 models, including a 20 day moving average, and R2 is an important psychological level with 4 matches. Bollinger Upper Band is the only confirmation for R3. Standing at a 150 day moving average, S1 has found 12 matches, and S2 is a 3 month low with 2 studies. Bollinger Lower Band is among the 2 models for S3.
That’s all for Friday’s Support and Resistance Level Report. I’m Sam Meredith and we’ll be back on Monday with the next overview. See you then.
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