You’re watching another edition of Dukascopy Support and Resistance Level Report. Here’s how our in-house model tests out.
Euro/Dollar is on the rise and now stands between R1 of 1 1940 and S1 of 1 1910.
R1 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band and 3 other models, while R3 is a 2 year high with 5 studies. R2 counts a psychological level among its 2 matches. Standing at a 20 day moving average, S2 sees 8 confirmations, and S3 is a 50 day moving average with 5 models. The highest support line has found 4 matches.
The Cable is up as well, currently trading below R1 of 1 3450 and above S1 of 1 3420.
The lowest resistance line has found 4 matches, and Price Channel Indicator Upper Line is among the 3 studies for R3. R2 is confirmed by Bollinger Upper Band and a psychological level. S2 is well supported with 16 technicals, including a 20 day moving average, and S1 has found 4 matches. S3 is backed up by Bollinger Lower Band, a 50 day moving average and another model.
Dollar/Yen has taken a hit, and it has the closest levels of 113 in resistance and 112 70 in support.
R2 leads in resistance with 18 models, and R1 is a 50 day moving average with 8 studies. R3 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band and 2 other technicals. The highest support line has found 9 matches, and S2 counts Bollinger Lower Band among its 4 models. S3 is a 150 day moving average with 2 confirmations.
And Dollar has also declined against the Swissie, as the pair now has R1 0 9850 and S1 of 0 9820.
Standing at a 20 day moving average, R2 is well confirmed with 17 models. The lowest resistance line has found 9 matches, and Bollinger Upper Band is among the 2 studies for R3. S1 leads in support with 4 confirmations, and S2 is a 100 day moving average with 3 studies. Price Channel Indicator Lower Line is among the 2 models for S3.
I’m Jack Everitt and this concludes the Support and Resistance Level Report for Thursday. We’ll be back tomorrow with this year’s very last overview, so see you then.

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