The Dukascopy TV team brings you another Support and Resistance Level Report. Here’s how our in-house model tests out this Wednesday.
Euro/Dollar has inched higher and now stands between R1 of 1 05 and S1 of 1 0460.
R1 is a psychological level with 3 confirmations, and a 20 day moving average is among the 3 studies for R2. Bollinger Upper Band is the only match for R3. Standing at a former 4 year low, S1 is well confirmed with no less than 19 models, whereas the other two support lines have found 2 matches each, including Price Channel Indicator Lower Line for S2 and a major psychological level for S3.
The Cable is up as well, and it finds itself below R1 of 1 2340 and above S1 of 1 2280.
Standing at a 50 day moving average, R2 sees 5 confirmations. The lowest resistance line has found 4 matches, and R3 is backed up by a 20 day moving average, a psychological level and 2 other studies. S1 leads in support with 14 confirmations, and Price Channel Indicator Lower Line is among the 6 models for S2. S3 counts a psychological level as its only match.
Dollar/Yen is trading in the range limited by R1 of 117 70 and S1 of 117 30.
The lowest resistance line sees 12 confirmations, and Price Channel Indicator Upper Line is among the 3 studies for R2. A psychological level is the one match for R3. S1 is the most confirmed support line with 14 models, and S3 is a former 6 month high with 3 matches. Standing at a 20 day moving average, S2 sees a single confirmation.
And Dollar/Swiss Franc has the closest levels of 1 03 in resistance and 1 0260 in support.
R1 is a 12 month high with 8 confirmations. R2 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band, a 4 year high and 4 other studies, and the highest resistance line has found 2 matches. S1 leads in support with no less than 25 studies. S2 is confirmed by a 20 day moving average, a former 6 month high and 4 other models, and S3 has found 2 matches, namely, a 50 day moving average and Bollinger Lower Band.
I’m Celeste Skinner and this was the Support and Resistance Level Report for Wednesday. We’ll be back tomorrow with this year’s last report, so see you then.

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