You’re watching the Support and Resistance Level Report for Thursday. Here’s how our in-house model tests out this morning.
Euro/Dollar is trading in the range limited by R1 of 1 1250 and S1 of 1 1220.
The lowest resistance line has found 7 matches, and Bollinger Upper Band is among the 2 studies for R2. R3 is Price Channel Indicator Upper Line with 2 models. Standing at a 150 day moving average, S1 is well confirmed with 13 models, and S2 counts a 100 day moving average among its 8 matches. S3 is backed up by Price Channel Indicator Lower Line, Bollinger Lower Band and 3 other studies.
The Cable has the closest levels of 1 3040 in resistance and 1 3010 in support.
R1 leads in resistance with 4 studies, and R2 is a 50 day moving average with 2 matches. The highest resistance line sees a single confirmation. S1 is well supported by 11 models, including a psychological level, and S3 is a 4 year low with 6 studies. Price Channel Indicator Lower Line is among the 3 matches for S2.
Dollar/Yen has gained some ground and now stands below R1 of 101 70 and above S1 of 101 30.
R1 is the most confirmed resistance line with 7 models. R2 counts a 50 day moving average among its 5 matches, and Bollinger Upper Band is the only study for R3. S2 is backed up by Price Channel Indicator Lower Line, Bollinger Lower Band, a psychological level and 4 other studies. S3 is a 2 year low with 5 matches, and the highest support line sees 4 confirmations.
And Dollar/Swiss Franc has spent most of the last few days between R1 of 0 9740 and S1 of 0 97.
Standing at a 150 day moving average, R1 sees 7 confirmations. Bollinger Upper Band is among the 4 matches for R2, and Price Channel Indicator Upper Line is the only model for R3. S1 leads in support with 13 studies. S2 is confirmed by Price Channel Indicator Lower Line, Bollinger Lower Band and 3 other models, and S3 is a 12 month low with 2 matches.
I’m Sam Meredith and this was the Support and Resistance Level Report for Thursday. Check back in tomorrow for the next overview. Goodbye.

You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#195128

Смотрите Dukascopy TV на вашем языке: http://www.youtube.com/user/dukascopytvrussian
用您的语言观看杜高斯贝电视: http://www.youtube.com/user/dukascopytvchinese
Miren Dukascopy TV en su idioma: http://www.youtube.com/user/dukascopytvspanish
Schauen Sie Dukascopy TV in Ihrer Sprache: http://www.youtube.com/user/dukascopytvgerman
Regardez la Dukascopy TV dans votre langue: http://www.youtube.com/user/dukascopytvfrench
Veja a TV Dukascopy na sua língua: http://www.youtube.com/user/dukascopytvpt

Dukascopy TV is a free educational project producing daily updates on global markets, visit http://Dukascopy.com/tv for more

Trade Forex, Commodities, Stocks and more, trade CFDs on the Plus 500 CFD trading platform! *CFD Service. 80.6% lose money - Register a real money account here and get trading right away.