It’s time for another Support and Resistance Level Report. I’m Ben Jones and here’s how our in-house model tests out this Thursday. Euro/Dollar has gained some ground and is now trading in the range limited by R1 of 1 2520 and S1 of 1 2490. R1 is the most confirmed resistance line with 6 studies, and the other two resistance lines have found 2 matches each, including Bollinger Upper Band for R2 and a 50 day moving average for R3. S1 is supported by a 20 day moving average, a former 2 year low, a psychological level and 7 other models. Bollinger Lower Band is among the 3 studies for S2, and the lowest support line has found a single match. The Cable has inched higher as well and it now stands between R1 of 1 58 and S1 of 1 5760. Standing near a former 12 month low, R2 sees 5 confirmations. R1 is a 20 day moving average with 3 studies, and R3 is backed up by a psychological level and a 50 day moving average. S2 counts Price Channel Indicator Lower Line among its 3 models, and Bollinger Lower Band is among the 2 matches for S3. The highest support line sees a single confirmation. Dollar/Yen has been trending North, and it currently has the closest levels of 117 60 in resistance and 117 20 in support. The lowest resistance line has found 4 matches, and R2 counts Price Channel Indicator Upper Line among its 3 studies. R3 is confirmed by a psychological level and Bollinger Upper Band. S1 leads in support with 3 models, and S2 is a 20 day moving average with 2 matches. A psychological level is the only confirmation for S3. And Dollar/Swiss Franc has seen a decline, which leaves it below R1 of 0 9630 and S1 of 0 96. R2 counts a 2 year high among its 8 models, and R1 is a 20 day moving average with 7 confirmations. R3 is Bollinger Upper Band with 4 studies. S1 is the most confirmed support line with 6 models. S2 is backed up by a 50 day moving average, Bollinger Lower Band and another study, and S3 is a psychological level with 2 confirmations. That’s all for today’s Support and Resistance Level Report. Check back in tomorrow for the next report. Goodbye.
It’s time for another Support and Resistance Level Report. I’m Ben Jones and here’s how our in-house model tests out this Thursday.
Euro/Dollar has gained some ground and is now trading in the range limited by R1 of 1 2520 and S1 of 1 2490.
R1 is the most confirmed resistance line with 6 studies, and the other two resistance lines have found 2 matches each, including Bollinger Upper Band for R2 and a 50 day moving average for R3. S1 is supported by a 20 day moving average, a former 2 year low, a psychological level and 7 other models. Bollinger Lower Band is among the 3 studies for S2, and the lowest support line has found a single match.
The Cable has inched higher as well and it now stands between R1 of 1 58 and S1 of 1 5760.
Standing near a former 12 month low, R2 sees 5 confirmations. R1 is a 20 day moving average with 3 studies, and R3 is backed up by a psychological level and a 50 day moving average. S2 counts Price Channel Indicator Lower Line among its 3 models, and Bollinger Lower Band is among the 2 matches for S3. The highest support line sees a single confirmation.
Dollar/Yen has been trending North, and it currently has the closest levels of 117 60 in resistance and 117 20 in support.
The lowest resistance line has found 4 matches, and R2 counts Price Channel Indicator Upper Line among its 3 studies. R3 is confirmed by a psychological level and Bollinger Upper Band. S1 leads in support with 3 models, and S2 is a 20 day moving average with 2 matches. A psychological level is the only confirmation for S3.
And Dollar/Swiss Franc has seen a decline, which leaves it below R1 of 0 9630 and S1 of 0 96.
R2 counts a 2 year high among its 8 models, and R1 is a 20 day moving average with 7 confirmations. R3 is Bollinger Upper Band with 4 studies. S1 is the most confirmed support line with 6 models. S2 is backed up by a 50 day moving average, Bollinger Lower Band and another study, and S3 is a psychological level with 2 confirmations.
That’s all for today’s Support and Resistance Level Report. Check back in tomorrow for the next report. Goodbye.
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