27.02.2017 – Support and Resistance by Dukascopy
February 27, 2017 8:14 amVideo
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The Dukascopy TV team is back with another Support and Resistance Level Report, where we’ll see how our in-house model tests out this Monday.
The first pair for this report is the Euro/Dollar, which is trading in the range limited by R1 of 1 06 and S1 of 1 0560.
R1 has found a total of 9 confirmations and it’s a 50 day moving average. R3 posts 3 confirmations, including a Bollinger upper band and a price channel indicator upper line. A 100 day moving average is one of the 2 matches for R2. S1 leads in support with 13 confirmations. S3 is a 4 year low with a total of 6 matches. Both Bollinger lower band and a price channel indicator lower line are among the 5 matches for S2.
Next up is the Cable, which stands between R1 of 1 25 and S1 of 1 24.
R1 is backed up by a 20 day moving average, a psychological level and 5 more models. R2 follows with 2 matches, including a Bollinger upper band. A 150 day moving average is the only confirmation for R3. S1 has 6 matches, including a 100 day moving average and a Bollinger lower band. S3 is a psychological level with a total of 3 confirmations and only a price channel indicator lower line is near S2.
Dollar/Yen has the closest levels of 113 in resistance and 111 90 in support.
R1 is confirmed by a 20 day moving average and 5 more models. R2 has found 4 matches and a Bollinger upper band is one of them. R3 has a 50 day moving average among its 2 confirmations. S2 posts 5 confirmations, including a price channel indicator lower line, a Bollinger lower band and a 100 day moving average. S1 and S3 both have 2 matches and the lowest line is a psychological level.
And Dollar/Swiss Franc finds itself below R1 of 1 0090 and above S1 of 1 0040.
R1 leads in resistance with 13 confirmations, including a 50 day moving average. There are 6 matches for R3, which is a 4 year high. R2 has a price channel indicator upper line and a Bollinger upper band among its 4 matches. S1 is a 100 day moving average with a total of 12 confirmations. S2 follows with 5 matches and a psychological level is one of them. Only 2 studies are near S3, which is a 150 day moving average.
I’m Kiays Khalil and you’ve been watching the Support and Resistance Level Report for Monday.
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