It’s the day after the ECB meeting, so let’s see where the Support and Resistance levels stand this morning. Euro/Dollar has taken a hit as the ECB decision was more cautious than anticipated, and it has R1 of 1 1670 and S1 of 1 1630. Standing at a 20 day moving average, R2 sees 7 confirmations. R3 is a 50 day moving average with 6 studies, and R1 counts a 100 day moving average among its 2 models. Price Channel Indicator Lower Line is among the 3 studies for S1, and S2 is a psychological level with 2 technicals. A 150 day moving average is the only match for S3. The Cable is down as well, now trading in the range limited by R1 of 1 3180 and S1 of 1 3120. R1 is a 50 day moving average with 10 studies, and R2 counts a 20 day moving average among its 8 models. Bollinger Upper Band is the only match for R3. S1 leads in support with 4 models, and S2 is backed up by a 100 day moving average, Bollinger Lower Band and another study. S3 counts a 150 day moving average as its only match. Dollar/Yen has inched higher, and it stands between R1 of 114 20 and S1 of 113 80. Price Channel Indicator Upper Line is among the 5 studies for R1, and R2 is a 6 month high with 4 models. R3 counts a psychological level as its only match. The highest support line sees 11 confirmations, and S2 counts a 20 day moving average among its 7 studies. S3 is backed up by Price Channel Indicator Lower Line, Bollinger Lower Band and 2 other models. And Dollar/Swiss Franc is now just a touch below parity, trading below R1 of 1 and above S1 of 0 9950. Standing at a 6 month high, R3 has found 3 confirmations. The second line has found 2 matches, and a psychological level is the only model for R1. S2 counts a 20 day moving average among its 6 studies, and S3 is a 150 day moving average with 4 confirmations. The highest support line has found a single match. I’m Kiays Khalil and that’s how our in-house model tests out this Friday. The next report will be available first thing on Monday, so check back.
It’s the day after the ECB meeting, so let’s see where the Support and Resistance levels stand this morning.
Euro/Dollar has taken a hit as the ECB decision was more cautious than anticipated, and it has R1 of 1 1670 and S1 of 1 1630.
Standing at a 20 day moving average, R2 sees 7 confirmations. R3 is a 50 day moving average with 6 studies, and R1 counts a 100 day moving average among its 2 models. Price Channel Indicator Lower Line is among the 3 studies for S1, and S2 is a psychological level with 2 technicals. A 150 day moving average is the only match for S3.
The Cable is down as well, now trading in the range limited by R1 of 1 3180 and S1 of 1 3120.
R1 is a 50 day moving average with 10 studies, and R2 counts a 20 day moving average among its 8 models. Bollinger Upper Band is the only match for R3. S1 leads in support with 4 models, and S2 is backed up by a 100 day moving average, Bollinger Lower Band and another study. S3 counts a 150 day moving average as its only match.
Dollar/Yen has inched higher, and it stands between R1 of 114 20 and S1 of 113 80.
Price Channel Indicator Upper Line is among the 5 studies for R1, and R2 is a 6 month high with 4 models. R3 counts a psychological level as its only match. The highest support line sees 11 confirmations, and S2 counts a 20 day moving average among its 7 studies. S3 is backed up by Price Channel Indicator Lower Line, Bollinger Lower Band and 2 other models.
And Dollar/Swiss Franc is now just a touch below parity, trading below R1 of 1 and above S1 of 0 9950.
Standing at a 6 month high, R3 has found 3 confirmations. The second line has found 2 matches, and a psychological level is the only model for R1. S2 counts a 20 day moving average among its 6 studies, and S3 is a 150 day moving average with 4 confirmations. The highest support line has found a single match.
I’m Kiays Khalil and that’s how our in-house model tests out this Friday. The next report will be available first thing on Monday, so check back.
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