Hello, I’m Doireann McDermott with the Support and Resistance Level Report for Wednesday. Here’s how our in-house model tests out today. Euro/Dollar has inched higher and now has the closest levels of 1 2480 in resistance and 1 2450 in support. R1 is well confirmed with 11 studies, including a 20 day moving average and a 2 year low, and a psychological level is among the 6 matches for R2. R3 is backed up by Bollinger Upper Band and a 50 day moving average. The highest support line sees 6 confirmations. S2 is confirmed by Price Channel Indicator Lower Line, Bollinger Lower Band and two other models, and S3 has found a single match. The Cable has gained some ground as well, and it is trading in the range limited by R1 of 1 5720 and S1 of 1 5690. Standing at a former 6 year low, R3 has found 3 confirmations. The lowest resistance line sees 2 matches, and a 20 day moving average is the only model for R2. S1 is the most confirmed support line with 3 studies, and S2 counts Price Channel Indicator Lower Line among its 3 matches. S3 is Bollinger Lower Band with 2 confirmations. Next up is the Dollar/Yen, which finds itself below R1 of 118 and above S1 of 117 70. R1 leads in resistance with 8 studies, and R2 counts Price Channel Indicator Upper Line among its 3 models. R3 is a psychological level with 2 confirmations. S2 is backed up by 6 studies, and the highest support line has found 5 matches. S3 is a 20 day moving average with 2 models. And Dollar/Swis Franc has seen a decline, which leaves it between R1 of 0 9660 and S1 of 0 9630. R2 is a 12 month high with 9 studies, and the lowest resistance line sees 7 confirmations. R3 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band and three other models. S1 is a 20 day moving average with 6 matches. S2 is supported by a 50 day moving average, Bollinger Lower Band and another study, and S3 is a psychological level with 2 models. That’s all for Wednesday’s Support and Resistance Level Report. Check back in tomorrow for the next overview of the key price levels. Goodbye.
Hello, I’m Doireann McDermott with the Support and Resistance Level Report for Wednesday. Here’s how our in-house model tests out today.
Euro/Dollar has inched higher and now has the closest levels of 1 2480 in resistance and 1 2450 in support.
R1 is well confirmed with 11 studies, including a 20 day moving average and a 2 year low, and a psychological level is among the 6 matches for R2. R3 is backed up by Bollinger Upper Band and a 50 day moving average. The highest support line sees 6 confirmations. S2 is confirmed by Price Channel Indicator Lower Line, Bollinger Lower Band and two other models, and S3 has found a single match.
The Cable has gained some ground as well, and it is trading in the range limited by R1 of 1 5720 and S1 of 1 5690.
Standing at a former 6 year low, R3 has found 3 confirmations. The lowest resistance line sees 2 matches, and a 20 day moving average is the only model for R2. S1 is the most confirmed support line with 3 studies, and S2 counts Price Channel Indicator Lower Line among its 3 matches. S3 is Bollinger Lower Band with 2 confirmations.
Next up is the Dollar/Yen, which finds itself below R1 of 118 and above S1 of 117 70.
R1 leads in resistance with 8 studies, and R2 counts Price Channel Indicator Upper Line among its 3 models. R3 is a psychological level with 2 confirmations. S2 is backed up by 6 studies, and the highest support line has found 5 matches. S3 is a 20 day moving average with 2 models.
And Dollar/Swis Franc has seen a decline, which leaves it between R1 of 0 9660 and S1 of 0 9630.
R2 is a 12 month high with 9 studies, and the lowest resistance line sees 7 confirmations. R3 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band and three other models. S1 is a 20 day moving average with 6 matches. S2 is supported by a 50 day moving average, Bollinger Lower Band and another study, and S3 is a psychological level with 2 models.
That’s all for Wednesday’s Support and Resistance Level Report. Check back in tomorrow for the next overview of the key price levels. Goodbye.
You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#142171
Смотрите Dukascopy TV на вашем языке: http://www.youtube.com/user/dukascopytvrussian
用您的语言观看杜高斯贝电视: http://www.youtube.com/user/dukascopytvchinese
Miren Dukascopy TV en su idioma: http://www.youtube.com/user/dukascopytvspanish
Schauen Sie Dukascopy TV in Ihrer Sprache: http://www.youtube.com/user/dukascopytvgerman
Regardez la Dukascopy TV dans votre langue: http://www.youtube.com/user/dukascopytvfrench
Veja a TV Dukascopy na sua língua: http://www.youtube.com/user/dukascopytvpt
Dukascopy TV is a free educational project producing daily updates on global markets, visit http://Dukascopy.com/tv for more
Related Posts: