The Dukascopy TV team is back with another edition of the Support and Resistance Level Report. I’m Ben Jones with a closer look at how our in-house model tests out this Monday. First up is the Euro/Dollar, and its Friday’s decline leaves it below R1 of 1 2680 and above S1 of 1 2650. R2 is the most confirmed resistance line with 8 studies. R1 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band and 3 other models, and the highest resistance line is a 20 day moving average with 4 matches. S3 is supported by a 2 year low and a psychological level, and S1 has found 2 matches. The second line sees a single confirmation. The Cable has been moving South as well, and it now stands between R1 of 1 6240 and S1 of 1 6210. A 20 day moving average is among the 8 confirmations for R2, and R3 is a former 6 month low with 2 models. The lowest resistance line has found a single match. S1 leads in support with 3 studies. Standing at an important psychological level, S3 sees 2 confirmations, and the second line counts Bollinger Lower Band as its only match. Dollar/Yen is on the rise, and it is currently trading in the range limited by R1 of 109 90 and S1 of 109 60. Standing near the important psychological level of 110, R1 sees 2 confirmations. R2 counts Bollinger Upper Band as its only match, and the highest resistance line is backed up by a single study. S2 is the most confirmed support line with 13 matches, and Price Channel Indicator Lower Line is among the 5 confirmations for S1. S3 is a 20 day moving average with 2 studies. And the last pair for this report is the Dollar/Swiss Franc, which has the closest levels of 0 9550 in resistance and 0 9520 in support. R1 is backed up by 3 models, and the other two resistance lines have found a single match each. R3 is a 2 year high. S3 is a 20 day moving average with 7 studies, and a former 12 month high is among the 6 matches for S2. S1 is supported by Price Channel Indicator Lower Line, Bollinger Lower Band and 3 other models. You’ve been watching the Support and Resistance Level Report for Monday. Check back in tomorrow when the next report will be available. Goodbye.
The Dukascopy TV team is back with another edition of the Support and Resistance Level Report. I’m Ben Jones with a closer look at how our in-house model tests out this Monday.
First up is the Euro/Dollar, and its Friday’s decline leaves it below R1 of 1 2680 and above S1 of 1 2650.
R2 is the most confirmed resistance line with 8 studies. R1 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band and 3 other models, and the highest resistance line is a 20 day moving average with 4 matches. S3 is supported by a 2 year low and a psychological level, and S1 has found 2 matches. The second line sees a single confirmation.
The Cable has been moving South as well, and it now stands between R1 of 1 6240 and S1 of 1 6210.
A 20 day moving average is among the 8 confirmations for R2, and R3 is a former 6 month low with 2 models. The lowest resistance line has found a single match. S1 leads in support with 3 studies. Standing at an important psychological level, S3 sees 2 confirmations, and the second line counts Bollinger Lower Band as its only match.
Dollar/Yen is on the rise, and it is currently trading in the range limited by R1 of 109 90 and S1 of 109 60.
Standing near the important psychological level of 110, R1 sees 2 confirmations. R2 counts Bollinger Upper Band as its only match, and the highest resistance line is backed up by a single study. S2 is the most confirmed support line with 13 matches, and Price Channel Indicator Lower Line is among the 5 confirmations for S1. S3 is a 20 day moving average with 2 studies.
And the last pair for this report is the Dollar/Swiss Franc, which has the closest levels of 0 9550 in resistance and 0 9520 in support.
R1 is backed up by 3 models, and the other two resistance lines have found a single match each. R3 is a 2 year high. S3 is a 20 day moving average with 7 studies, and a former 12 month high is among the 6 matches for S2. S1 is supported by Price Channel Indicator Lower Line, Bollinger Lower Band and 3 other models.
You’ve been watching the Support and Resistance Level Report for Monday. Check back in tomorrow when the next report will be available. Goodbye.
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