The Dukascopy TV team is back with this week’s first Support and Resistance Level Report. I’m Sinead MacLaughlin with a closer look at how our in-house model tests out today. First up is the Euro/Dollar, which is trading in the range limited by R1 of 1 09 and S1 of 1 0850. Standing near a 50 day moving average, R1 sees 3 confirmations, and the second line is Bollinger Upper Band with 2 studies. R3 counts Price Channel Indicator Upper Line as its only match. S2 is a 20 day moving average with 7 models, and the highest support line sees 2 confirmations. Bollinger Lower Band is the only study for S3. The Cable has the closest levels of 1 5190 in resistance and 1 5130 in support. R1 is backed up by Price Channel Indicator Upper Line, a 100 day moving average and 3 other models, and the other two lines see 2 confirmations each, including a 150 day moving average for R2 and a psychological level for R3. Standing at a 50 day moving average, S2 has found 9 matches, and a 20 day moving average is among the 4 studies for S3. S1 sees 3 confirmations, including Bollinger Lower Band. Dollar/Yen finds itself between R1 of 119 30 and S1 of 118 80. R2 is well confirmed with 12 studies, including a 20 day moving average, and R1 is a 100 day moving average with 9 models. R3 counts Price Channel Indicator Upper Line among its 2 matches. S1 leads in support with 8 studies, including Bollinger Lower Band, and S2 is Price Channel Indicator Lower Line with 3 models. A 150 day moving average is the only match for S3. And the last pair for this report is the Dollar/Swiss Franc, which has R1 of 0 9560 and S1 of 0 9510. R1 is the most confirmed resistance line with 11 matches, and R2 counts a 20 day moving average among its 4 models. Bollinger Upper Band is the only study for R3. Standing near a psychological level, S1 has found 6 matches. S2 counts Price Channel Indicator Lower Line among its 5 studies, and Bollinger Lower Band is the only confirmation for S3. That’s all for Monday’s Support and Resistance Level Report. Check back in tomorrow when the next report will be available. Goodbye.
The Dukascopy TV team is back with this week’s first Support and Resistance Level Report. I’m Sinead MacLaughlin with a closer look at how our in-house model tests out today.
First up is the Euro/Dollar, which is trading in the range limited by R1 of 1 09 and S1 of 1 0850.
Standing near a 50 day moving average, R1 sees 3 confirmations, and the second line is Bollinger Upper Band with 2 studies. R3 counts Price Channel Indicator Upper Line as its only match. S2 is a 20 day moving average with 7 models, and the highest support line sees 2 confirmations. Bollinger Lower Band is the only study for S3.
The Cable has the closest levels of 1 5190 in resistance and 1 5130 in support.
R1 is backed up by Price Channel Indicator Upper Line, a 100 day moving average and 3 other models, and the other two lines see 2 confirmations each, including a 150 day moving average for R2 and a psychological level for R3. Standing at a 50 day moving average, S2 has found 9 matches, and a 20 day moving average is among the 4 studies for S3. S1 sees 3 confirmations, including Bollinger Lower Band.
Dollar/Yen finds itself between R1 of 119 30 and S1 of 118 80.
R2 is well confirmed with 12 studies, including a 20 day moving average, and R1 is a 100 day moving average with 9 models. R3 counts Price Channel Indicator Upper Line among its 2 matches. S1 leads in support with 8 studies, including Bollinger Lower Band, and S2 is Price Channel Indicator Lower Line with 3 models. A 150 day moving average is the only match for S3.
And the last pair for this report is the Dollar/Swiss Franc, which has R1 of 0 9560 and S1 of 0 9510.
R1 is the most confirmed resistance line with 11 matches, and R2 counts a 20 day moving average among its 4 models. Bollinger Upper Band is the only study for R3. Standing near a psychological level, S1 has found 6 matches. S2 counts Price Channel Indicator Lower Line among its 5 studies, and Bollinger Lower Band is the only confirmation for S3.
That’s all for Monday’s Support and Resistance Level Report. Check back in tomorrow when the next report will be available. Goodbye.
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