This is the Support and Resistance Level Report for Thursday. Here’s how our in-house model tests out.
Euro/Dollar has held the ground it gained yesterday, standing between R1 of 1 1430 and S1 of 1 1370.
Standing at a 12 month high, R1 sees 3 confirmations, while R2 is a psychological level with 2 studies. R3 counts a 2 year high among its 2 models. Price Channel Indicator Lower Line is among the 4 matches for S3, whereas S2 is a former 6 month high with 3 studies. The highest support line sees 2 confirmations.
The Cable went up yesterday, and it’s now trading in the range limited by R1 of 1 2980 and S1 of 1 2930.
R2 is a 6 month high with 4 confirmations. R1 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band and another model, while the highest resistance line has found a single match. Standing at a 20 day moving average, S2 sees 6 confirmations, and S3 is supported by Price Channel Indicator Lower Line, Bollinger Lower Band and 2 other studies. The highest support line has found a single match.
Dollar/Yen has seen limited movement, mostly trading below R1 of 112 40 and above S1 of 112 10.
R1 is backed up by Bollinger Upper Band, Price Channel Indicator Upper Line and 2 other studies, while R2 is a 150 day moving average with 2 models. A psychological level is the only match for R3. S3 is well supported with 11 studies, including a 50 day moving average, while S2 counts a 100 day moving average among its 10 models. The highest support line sees 9 confirmations.
And Dollar/Swiss Franc has inched lower, as it now has R1 of 0 96 and S1 of 0 9570.
The lowest resistance line sees 7 confirmations, and R2 is a 6 month low with 6 models. R3 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band, a 50 day moving average and another technical. Price Channel Indicator Lower Line is among the 4 studies for S1, whereas the other two support lines see a single confirmation each, including a 12 month low for S2.
I’m Kiays Khalil and this was the Support and Resistance Level Report for Thursday. Check back in tomorrow for the next overview. Goodbye.

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