Good morning, traders, the Dukascopy TV team is here with another Support and Resistance Level Report.
Euro/Dollar has been trending South, and it currently has R1 of 1 18 and S1 of 1 1760.
Standing near a 20 day moving average, R2 sees 7 confirmations, while R3 is a 2 year high with 6 studies. The lowest resistance line has found 3 matches. Price Channel Indicator Lower Line is among the 4 models for S1, and S3 is a psychological level with 2 studies. A 100 day moving average is the only match for S2.
The Cable has also seen some decline, which leaves it below R1 of 1 3430 and above S1 of 1 34.
R2 is a psychological level with 10 studies, and Price Channel Indicator Upper Line is among the 3 models for R3. A former 12 month high is now among the 2 matches for R1. The highest support line sees 5 confirmations, and S2 is backed up by a 6 month high, a 20 day moving average and 2 other models. S3 is a 50 day moving average with 2 studies.
Dollar/Yen, on the other hand, has gained some ground and now stands between R1 of 112 70 and S1 of 112 40.
Price Channel Indicator Upper Line is among the 3 models for R1, whereas the other two resistance lines have found 2 matches each. R2 is Bollinger Upper Band, and R3 is a psychological level. S1 leads in support with 7 studies, and S2 is a 150 day moving average with 4 models. S3 counts a 20 day moving average among its 2 matches.
And Dollar/Swiss Franc is currently trading in the range limited by R1 of 0 9750 and S1 of 0 9710.
R1 is confirmed by Price Channel Indicator Upper Line, Bollinger Upper Band and 2 other studies, while a 150 day moving average is among the 4 models for R2. The highest resistance line has found a single match. Standing at a 50 day moving average, S2 sees 9 confirmations, and S1 has found 3 matches. S3 is a psychological level with 2 models.
I’m Jack Everitt and that’s how our in-house model tests out today. Check back in tomorrow when the next report will be available.

You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#221629

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

Trade Forex, Commodities, Stocks and more, trade CFDs on the Plus 500 CFD trading platform! *CFD Service. 80.6% lose money - Register a real money account here and get trading right away.