It’s time for another edition of the Support and Resistance Level Report. I’m Doireann McDermott and here’s a closer look at how our in-house model tests out this Thursday. Euro/Dollar is testing new lows, and it now stands below R1 of 1 3180 and just a touch above S1 of 1 3150. Standing near a 10 day moving average, R3 sees 8 confirmations, and the second line has found 7 matches. Bollinger Upper Band is among the 6 studies for R1. S1 counts Price Channel Indicator Lower Line among its 4 models, and the other two support lines see 2 confirmations each. S2 is a 12 month low, and S3 stands near a psychological level. Next up is the Cable, and its yesterday’s decline puts it between R1 of 1 6570 and S1 of 1 6540. The lowest resistance line has found 11 matches, and a 3 month low is among the 9 studies for R3. R2 is a 10 day moving average with 6 confirmations. S1 counts Price Channel Indicator Lower Line among its 5 models. S2 is backed up by Bollinger Lower Band, a psychological level and two other studies, and the lowest support line has found a single match. Dollar/Yen saw both ups and downs yesterday, and it is now trading in the range limited by R1 of 104 10 and S1 of 103 80. Bollinger Upper Band and a 6 month high are among the 9 matches for R1, and R2 counts Price Channel Indicator Upper Line among its 5 studies. Standing near an important psychological level, R3 sees 2 confirmations. S1 is the most confirmed support line with 13 models, and S3 is a 3 month high with 5 matches. The second line is backed up by 3 studies. Dollar/Swiss Franc has been trending North, and it has the closest levels of 0 9190 in resistance and 0 9160 in support. R1 counts Price Channel Indicator Upper Line among its 6 studies, and both R2 and R3 have found a single confirmation each. Standing near a 6 month high, S2 is backed up by 13 studies, and Bollinger Lower Band is among the 9 matches for S1. S3 is a 20 day moving average with 3 models. You’ve been watching the Support and Resistance Level Report for Thursday, but we’ll be back tomorrow with the next overview of key price levels. See you then.
It’s time for another edition of the Support and Resistance Level Report. I’m Doireann McDermott and here’s a closer look at how our in-house model tests out this Thursday.
Euro/Dollar is testing new lows, and it now stands below R1 of 1 3180 and just a touch above S1 of 1 3150.
Standing near a 10 day moving average, R3 sees 8 confirmations, and the second line has found 7 matches. Bollinger Upper Band is among the 6 studies for R1. S1 counts Price Channel Indicator Lower Line among its 4 models, and the other two support lines see 2 confirmations each. S2 is a 12 month low, and S3 stands near a psychological level.
Next up is the Cable, and its yesterday’s decline puts it between R1 of 1 6570 and S1 of 1 6540.
The lowest resistance line has found 11 matches, and a 3 month low is among the 9 studies for R3. R2 is a 10 day moving average with 6 confirmations. S1 counts Price Channel Indicator Lower Line among its 5 models. S2 is backed up by Bollinger Lower Band, a psychological level and two other studies, and the lowest support line has found a single match.
Dollar/Yen saw both ups and downs yesterday, and it is now trading in the range limited by R1 of 104 10 and S1 of 103 80.
Bollinger Upper Band and a 6 month high are among the 9 matches for R1, and R2 counts Price Channel Indicator Upper Line among its 5 studies. Standing near an important psychological level, R3 sees 2 confirmations. S1 is the most confirmed support line with 13 models, and S3 is a 3 month high with 5 matches. The second line is backed up by 3 studies.
Dollar/Swiss Franc has been trending North, and it has the closest levels of 0 9190 in resistance and 0 9160 in support.
R1 counts Price Channel Indicator Upper Line among its 6 studies, and both R2 and R3 have found a single confirmation each. Standing near a 6 month high, S2 is backed up by 13 studies, and Bollinger Lower Band is among the 9 matches for S1. S3 is a 20 day moving average with 3 models.
You’ve been watching the Support and Resistance Level Report for Thursday, but we’ll be back tomorrow with the next overview of key price levels. See you then.
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