Hello, I’m Charlie Fooks and you’re watching another edition of the Support and Resistance Level Report. Here’s how our in-house model tests out this Thursday. The Euro/Dollar has recovered from the lowest point it reached yesterday and now has R1 of 1 3230 and S1 of 1 32. A 10 day moving average is among the 7 studies for R2, and R3 counts a 20 day moving average among its 5 confirmations. The lowest resistance line is backed up by 4 models. S1 leads in support with 10 studies. S2 is confirmed by Bollinger Lower Band, Price Channel Indicator Lower Line and four other models, and S3 is a 12 month low with 2 matches. The Cable has inched higher this morning, and it currently has the closest levels of 1 6610 in resistance and 1 6580 in support. R1 is a 10 day moving average with 7 studies, and R2 counts a 3 month low among its 4 confirmations. R3 is backed up by a 20 day moving average and another model. S1 is the most confirmed support line with 14 studies, and Price Channel Indicator Lower Line is among the 6 matches for S2. S3 is Bollinger Lower Band with 2 confirmations. Dollar/Yen has been trending lower, and it is now trading in the range limited by R1 of 103 90 and S1 of 103 60. R1 leads in resistance with 17 models. R2 is backed up by Bollinger Upper Band, Price Channel Indicator Upper Line and four other models, and a psychological level is among the 3 matches for R3. The highest support line sees 5 confirmations, and S3 has found 4 matches. Standing at a 3 month high, S2 is confirmed by 3 models. Dollar/Swiss Franc has been moving South as well, and it stands between R1 of 0 9150 and S1 of 0 9120. R1 is the most confirmed resistance line with 10 models. R2 counts Price Channel Indicator Upper Line and Bollinger Upper Band among its 7 studies, and the lowest resistance line has found a single match. Standing near a 6 month high, S1 sees 14 confirmations, and Price Channel Indicator Lower Line is among the 6 studies for S3. S2 is a 20 day moving average with 3 models. You’ve been watching the Support and Resistance Level Report for Thursday. Check back in tomorrow when the next report will be available. Goodbye.
Hello, I’m Charlie Fooks and you’re watching another edition of the Support and Resistance Level Report. Here’s how our in-house model tests out this Thursday.
The Euro/Dollar has recovered from the lowest point it reached yesterday and now has R1 of 1 3230 and S1 of 1 32.
A 10 day moving average is among the 7 studies for R2, and R3 counts a 20 day moving average among its 5 confirmations. The lowest resistance line is backed up by 4 models. S1 leads in support with 10 studies. S2 is confirmed by Bollinger Lower Band, Price Channel Indicator Lower Line and four other models, and S3 is a 12 month low with 2 matches.
The Cable has inched higher this morning, and it currently has the closest levels of 1 6610 in resistance and 1 6580 in support.
R1 is a 10 day moving average with 7 studies, and R2 counts a 3 month low among its 4 confirmations. R3 is backed up by a 20 day moving average and another model. S1 is the most confirmed support line with 14 studies, and Price Channel Indicator Lower Line is among the 6 matches for S2. S3 is Bollinger Lower Band with 2 confirmations.
Dollar/Yen has been trending lower, and it is now trading in the range limited by R1 of 103 90 and S1 of 103 60.
R1 leads in resistance with 17 models. R2 is backed up by Bollinger Upper Band, Price Channel Indicator Upper Line and four other models, and a psychological level is among the 3 matches for R3. The highest support line sees 5 confirmations, and S3 has found 4 matches. Standing at a 3 month high, S2 is confirmed by 3 models.
Dollar/Swiss Franc has been moving South as well, and it stands between R1 of 0 9150 and S1 of 0 9120.
R1 is the most confirmed resistance line with 10 models. R2 counts Price Channel Indicator Upper Line and Bollinger Upper Band among its 7 studies, and the lowest resistance line has found a single match. Standing near a 6 month high, S1 sees 14 confirmations, and Price Channel Indicator Lower Line is among the 6 studies for S3. S2 is a 20 day moving average with 3 models.
You’ve been watching the Support and Resistance Level Report for Thursday. Check back in tomorrow when the next report will be available. Goodbye.
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