Good morning, traders, we hope you have had great Christmas, but now it’s time for another edition of the Support and Resistance Level Report. Euro/Dollar has been moving in waves, but it now has R1 of 1 1890 and S1 of 1 1860. The lowest resistance line has found 6 matches, and Price Channel Indicator Upper Line is among the 4 models for R3. R2 is Bollinger Upper Band with 3 technicals. S1 is the most confirmed support line with 17 studies, and S2 is a 20 day moving average with no less than 12 models. S3 is backed up by Price Channel Indicator Lower Line, Bollinger Lower Line and 2 other technicals. The Cable has seen limited movement, mostly trading between R1 of 1 3390 and S1 of 1 3360. R1 is well confirmed with 16 models, including a 20 day moving average. R2 has found 8 matches, and R3 is backed up by Bollinger Upper Band, a psychological level and another technical. S1 leads in support with 14 models, and S2 has found 4 matches, including a 50 day moving average and Bollinger Lower Band. S3 is supported by Price Channel Indicator Lower Line, a 100 day moving average and another study. Dollar/Yen has spent the last few days below R1 of 113 40 and above S1 of 113 10. R1 leads in resistance with 17 studies, and R2 has found 5 matches, including Bollinger Upper Band and Price Channel Indicator Upper Line. R3 is a 6 month high with 3 models. S2 leads in support with 10 studies, and S1 counts a 50 day moving average among its 9 technicals. S3 is confirmed by Bollinger Lower Band, a 150 day moving average and another model. And Dollar/Swiss Franc has the closest levels of 0 99 in resistance and 0 9870 in support. R1 is a 50 day moving average with no less than 15 studies, and the upper two resistance lines have found 3 matches each, including Bollinger Upper Band for R2 and a psychological level for R3. S1 is well supported with 15 models, including a 20 day moving average, and Bollinger Lower Band is among the 3 studies for S2. S3 is backed up by Price Channel Indicator Lower Line and a 150 day moving average. I’m Jack Everitt and that’s how our in-house model tests out this Wednesday. Check back in tomorrow for the next overview.
Good morning, traders, we hope you have had great Christmas, but now it’s time for another edition of the Support and Resistance Level Report.
Euro/Dollar has been moving in waves, but it now has R1 of 1 1890 and S1 of 1 1860.
The lowest resistance line has found 6 matches, and Price Channel Indicator Upper Line is among the 4 models for R3. R2 is Bollinger Upper Band with 3 technicals. S1 is the most confirmed support line with 17 studies, and S2 is a 20 day moving average with no less than 12 models. S3 is backed up by Price Channel Indicator Lower Line, Bollinger Lower Line and 2 other technicals.
The Cable has seen limited movement, mostly trading between R1 of 1 3390 and S1 of 1 3360.
R1 is well confirmed with 16 models, including a 20 day moving average. R2 has found 8 matches, and R3 is backed up by Bollinger Upper Band, a psychological level and another technical. S1 leads in support with 14 models, and S2 has found 4 matches, including a 50 day moving average and Bollinger Lower Band. S3 is supported by Price Channel Indicator Lower Line, a 100 day moving average and another study.
Dollar/Yen has spent the last few days below R1 of 113 40 and above S1 of 113 10.
R1 leads in resistance with 17 studies, and R2 has found 5 matches, including Bollinger Upper Band and Price Channel Indicator Upper Line. R3 is a 6 month high with 3 models. S2 leads in support with 10 studies, and S1 counts a 50 day moving average among its 9 technicals. S3 is confirmed by Bollinger Lower Band, a 150 day moving average and another model.
And Dollar/Swiss Franc has the closest levels of 0 99 in resistance and 0 9870 in support.
R1 is a 50 day moving average with no less than 15 studies, and the upper two resistance lines have found 3 matches each, including Bollinger Upper Band for R2 and a psychological level for R3. S1 is well supported with 15 models, including a 20 day moving average, and Bollinger Lower Band is among the 3 studies for S2. S3 is backed up by Price Channel Indicator Lower Line and a 150 day moving average.
I’m Jack Everitt and that’s how our in-house model tests out this Wednesday. Check back in tomorrow for the next overview.
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