You’re watching the Support and Resistance Level Report for Thursday. Here’s how our in-house model tests out.
Euro/Dollar went up yesterday, and it now has R1 of 1 1750 and S1 of 1 1710.
Price Channel Indicator Upper Line is among the 3 models for R1, and R3 is a psychological level with 2 studies. The second line sees a single confirmation. S2 leads in support with 8 models. S3 is confirmed by a psychological level, a 20 day moving average and 2 other studies, while S1 has found 3 matches, including Bollinger Upper Band and a 2 year high.
The Cable is up as well, trading in the range limited by R1 of 1 3160 and S1 of 1 3130.
Pound/Dollar actually sees little resistance at this new level, as all three resistance lines have found exactly one match each. R3 stands out as it is a 12 month high. Standing near a former 6 month high, S2 is well confirmed with 17 models. The highest support line has found 5 matches, and S3 is a 20 day moving average with 4 models.
Dollar/Yen, on the other hand, has seen a decline, which leaves it between R1 of 111 20 and S1 of 110 80.
Standing near a 150 day moving average, R3 sees 7 confirmations. R2 counts a 100 day moving average among its 6 studies, and the lowest resistance line has found 4 matches. S1 counts Bollinger Lower Band among its 4 studies, and S3 is a 6 month low with 3 confirmations. A psychological level is the only model for S2.
And Dollar/Swiss Franc has the closest levels of 0 9530 in resistance and 0 9470 in support.
R2 leads in resistance with 9 studies, including a former 6 month low, while R1 is a former 12 month low with 4 confirmations. R3 is a 50 day moving averate with 3 matches. Bollinger Lower Band is among the 8 models for S1, and S2 counts Price Channel Indicator Lower Line among its 4 studies. S3 is a 2 year low with 2 confirmations.
I’m Celeste Skinner and this was the Support and Resistance Level Report. Check back in tomorrow for this week’s last overview of the key price levels.

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