It’s time for this week’s last Support and Resistance Level Report. Here’s how our in-house model tests out.
Euro/Dollar has inched lower and now has R1 of 1 1710 and S1 of 1 1670.
Bollinger Upper Band is among the 3 studies for R2. R1 is a former 2 year high with 2 models, whereas Price Channel Indicator Upper Line is among the 2 matches for R3. S2 is the most confirmed support line with 9 studies, and S1 has found 8 matches. S3 is backed up by a 20 day moving average, a psychological level and 2 other models.
The Cable is down as well, trading between R1 of 1 3090 and S1 of 1 3050.
Bollinger Upper Band is among the 7 models for R2, whereas the lowest resistance line has found 3 matches. R3 is Price Channel Indicator Upper Line with 2 studies. Standing at a former 6 month high, S1 sees 10 confirmations, while S2 counts a psychological level among its 6 studies. S3 is a 20 day moving average with 5 matches.
Dollar/Yen has the closest levels of 111 20 in resistance and 110 80 in support.
Standing at a 100 day moving average, R2 sees 7 confirmations, while the lowest resistance line has found 6 matches. R3 is a 150 day moving average with 3 models. Bollinger Lower Band is among the 6 studies for S1, and S3 is a 6 month low with 3 confirmations. S2 counts Price Channel Indicator Lower Line among its 2 models.
And Dollar/Swiss Franc has actually gained some ground, as it now stands below R1 of 0 9720 and above S1 of 0 9660.
R1 leads in resistance with just 2 models, whereas the other two lines see a single confirmation each, namely, Bollinger Upper Band for R1 and a 150 day moving average for R3. Standing at a former 6 month low, S2 has found 10 matches, while Bollinger Lower Band is among the 7 studies for S3. S1 is a 50 day moving average with 3 models.
You’ve been watching the Support and Resistance Level Report for Friday with me, Jessica Walker. We’ll be back on Monday with the next overview, but until then, goodbye.

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