The Dukascopy TV team is back with this week’s first Support and Resistance Level Report. I’m Ben Jones with a closer look at how our in-house model tests out today. Euro/Dollar has moved North and now has the closest levels of 1 2710 in resistance and 1 2680 in support. The lowest resistance line has found 6 matches, and R2 counts Bollinger Upper Band among its 5 studies. R3 is confirmed by a 50 day moving average, Price Channel Indicator Upper Line and another model. S2 leads in support with 10 studies, and a 2 year low is among the 6 matches for S3. S1 is a 20 day moving average with 4 confirmations. The Cable has been moving higher as well, and it now finds itself between R1 of 1 6110 and S1 of 1 6080. R1 is the most confirmed resistance line with 7 studies, and the second line is backed up by 3 models. Bollinger Upper Band is among the 2 matches for R3. S2 is well confirmed with 13 studies, including a former 6 month low, and S1 counts a 20 day moving average among its 7 models. Standing near an important psychological level, S3 has found 5 matches. Next up is the Dollar/Yen, which is currently trading in the range limited by R1 of 108 and S1 of 107 70. Standing near a 4 year high, R3 sees 7 confirmations, and a 20 day moving average is among the 6 matches for R1. The second resistance line is backed up by 3 models. S2 is the most confirmed support line with 9 studies, and S3 is a 50 day moving average with 8 models. The highest support line has found 3 matches. And Dollar/Swiss Franc has inched lower, which leaves it below R1 of 0 9520 and above 0 9490. R1 is a 20 day moving average with 6 studies, and a 12 month high is among the 5 confirmations for R2. R3 is backed up by Bollinger Upper Band and another model. S1 counts a psychological level among its 9 confirmations, and S3 is Bollinger Lower Band with 6 matches. S2 is supported by 4 studies. That concludes the Support and Resistance Level Report for Monday. 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 Ben Jones with a closer look at how our in-house model tests out today.
Euro/Dollar has moved North and now has the closest levels of 1 2710 in resistance and 1 2680 in support.
The lowest resistance line has found 6 matches, and R2 counts Bollinger Upper Band among its 5 studies. R3 is confirmed by a 50 day moving average, Price Channel Indicator Upper Line and another model. S2 leads in support with 10 studies, and a 2 year low is among the 6 matches for S3. S1 is a 20 day moving average with 4 confirmations.
The Cable has been moving higher as well, and it now finds itself between R1 of 1 6110 and S1 of 1 6080.
R1 is the most confirmed resistance line with 7 studies, and the second line is backed up by 3 models. Bollinger Upper Band is among the 2 matches for R3. S2 is well confirmed with 13 studies, including a former 6 month low, and S1 counts a 20 day moving average among its 7 models. Standing near an important psychological level, S3 has found 5 matches.
Next up is the Dollar/Yen, which is currently trading in the range limited by R1 of 108 and S1 of 107 70.
Standing near a 4 year high, R3 sees 7 confirmations, and a 20 day moving average is among the 6 matches for R1. The second resistance line is backed up by 3 models. S2 is the most confirmed support line with 9 studies, and S3 is a 50 day moving average with 8 models. The highest support line has found 3 matches.
And Dollar/Swiss Franc has inched lower, which leaves it below R1 of 0 9520 and above 0 9490.
R1 is a 20 day moving average with 6 studies, and a 12 month high is among the 5 confirmations for R2. R3 is backed up by Bollinger Upper Band and another model. S1 counts a psychological level among its 9 confirmations, and S3 is Bollinger Lower Band with 6 matches. S2 is supported by 4 studies.
That concludes the Support and Resistance Level Report for Monday. Check back in tomorrow when the next report will be available. Goodbye.
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