The last 24 hours have brought some notable shakeups in the markets, so let’s see where the support and resistance levels stand this Wednesday morning. Euro/Dollar surged yesterday as Mario Draghi struck a surprisingly hawkish note, and it now has R1 of 1 14 and S1 of 1 1350. A 12 month high is now the lowest resistance line with 2 models, while the other two lines have found a single match each. R2 is a psychological level, and R3 is a 2 year high. Standing at a 20 day moving average, S2 sees 7 confirmations, wheras S3 is backed up by Price Channel Indicator Lower Line, Bollinger Lower Band and 3 other models. The highest support line has found 3 matches. The Cable is up as well, and it stands between R1 of 1 2850 and S1 of 1 2780. R3 is a 6 month high with 3 confirmations, and a 50 day moving average is among the 2 studies for R1. R2 has found a single match, that is, Bollinger Upper Band. S2 leads in support with 14 models, and S1 is a 20 day moving average with 5 studies. Standing near a 100 day moving average, S3 sees 4 confirmations. Dollar/Yen has seen its ups and downs, but it currently stands below R1 of 112 50 and above S1 of 112. R1 is Price Channel Indicator Upper Line with 3 models, and a 150 day moving average is among the 2 studies for R2. A psychological level is the only match for R3. Standing at a 50 day moving average, S2 is well confirmed with 11 studies, and the other two support lines have found 2 matches each. S3 is a 20 day moving average. And Dollar/Swiss Franc has taken a hit, as it now has R1 of 0 9610 and S1 of 0 9550. Standing at what used to be a 6 month low, R2 sees 5 confirmations, while R3 is Bollinger Upper Band with 3 models. The lowest resistance line has found a single match. S2 is a 12 month low with 2 studies, whereas the upper and lower support lines both see a single confirmation. I’m Jack Everitt and that’s how our in-house model tests out today. Check back in tomorrow for the next overview.
The last 24 hours have brought some notable shakeups in the markets, so let’s see where the support and resistance levels stand this Wednesday morning.
Euro/Dollar surged yesterday as Mario Draghi struck a surprisingly hawkish note, and it now has R1 of 1 14 and S1 of 1 1350.
A 12 month high is now the lowest resistance line with 2 models, while the other two lines have found a single match each. R2 is a psychological level, and R3 is a 2 year high. Standing at a 20 day moving average, S2 sees 7 confirmations, wheras S3 is backed up by Price Channel Indicator Lower Line, Bollinger Lower Band and 3 other models. The highest support line has found 3 matches.
The Cable is up as well, and it stands between R1 of 1 2850 and S1 of 1 2780.
R3 is a 6 month high with 3 confirmations, and a 50 day moving average is among the 2 studies for R1. R2 has found a single match, that is, Bollinger Upper Band. S2 leads in support with 14 models, and S1 is a 20 day moving average with 5 studies. Standing near a 100 day moving average, S3 sees 4 confirmations.
Dollar/Yen has seen its ups and downs, but it currently stands below R1 of 112 50 and above S1 of 112.
R1 is Price Channel Indicator Upper Line with 3 models, and a 150 day moving average is among the 2 studies for R2. A psychological level is the only match for R3. Standing at a 50 day moving average, S2 is well confirmed with 11 studies, and the other two support lines have found 2 matches each. S3 is a 20 day moving average.
And Dollar/Swiss Franc has taken a hit, as it now has R1 of 0 9610 and S1 of 0 9550.
Standing at what used to be a 6 month low, R2 sees 5 confirmations, while R3 is Bollinger Upper Band with 3 models. The lowest resistance line has found a single match. S2 is a 12 month low with 2 studies, whereas the upper and lower support lines both see a single confirmation.
I’m Jack Everitt and that’s how our in-house model tests out today. Check back in tomorrow for the next overview.
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