It’s time for another Support and Resistance Level Report. I’m Sinead MacLaughlin with a closer look at how our in-house model tests out today. First up is the Euro/Dollar, and its yesterday’s rise puts it between R1 of 1 2760 and S1 of 1 2730. R2 sees 5 confirmations, including Bollinger Upper Band, and the lowest resistance line has found 3 matches. R3 is a 50 day moving average with 2 studies. A 20 day moving average is among the 8 models for S2. Standing near a 2 year low, S3 sees 6 confirmations, and S1 is supported by 4 models. The Cable has seen its ups and downs and now has R1 of 1 6160 and S1 of 1 6130. R1 is the most confirmed resistance line with 3 models. R2 is backed up by Bollinger Upper Band and another study, and R3 counts a 50 day moving average as its only match. Standing near a 20 day moving average, S2 sees 11 confirmations. S3 is a 6 month low with 8 models, and the highest support line has found 5 matches. Dollar/Yen has inched higher and now has the closest levels of 108 30 in resistance and 108 in support. Standing at a 4 year high, R3 sees 7 confirmations, and the lowest resistance line has found 5 matches. R2 is backed up by Bollinger Upper Band and another study. S1 is the most confirmed support line with 9 models. A 50 day moving average is among the 6 matches for S3, and S2 is a 20 day moving average with 5 studies. And Dollar/Swiss Franc has seen a decline, which leaves it below R1 of 0 9480 and above S1 of 0 9440. R1 leads in resistance with 11 studies, and a 20 day moving average is among the 8 models for R2. R3 is a 12 month high with 5 confirmations. The highest support line has found 7 matches. S2 is backed up by Bollinger Lower Band, a 50 day moving average and 3 other studies, and S3 counts Price Channel Indicator Lower Line among its 2 confirmations. That’s all for Wednesday’s Support and Resistance Level Report. Check back in tomorrow when the next report will be available. Goodbye.
It’s time for another Support and Resistance Level Report. I’m Sinead MacLaughlin with a closer look at how our in-house model tests out today.
First up is the Euro/Dollar, and its yesterday’s rise puts it between R1 of 1 2760 and S1 of 1 2730.
R2 sees 5 confirmations, including Bollinger Upper Band, and the lowest resistance line has found 3 matches. R3 is a 50 day moving average with 2 studies. A 20 day moving average is among the 8 models for S2. Standing near a 2 year low, S3 sees 6 confirmations, and S1 is supported by 4 models.
The Cable has seen its ups and downs and now has R1 of 1 6160 and S1 of 1 6130.
R1 is the most confirmed resistance line with 3 models. R2 is backed up by Bollinger Upper Band and another study, and R3 counts a 50 day moving average as its only match. Standing near a 20 day moving average, S2 sees 11 confirmations. S3 is a 6 month low with 8 models, and the highest support line has found 5 matches.
Dollar/Yen has inched higher and now has the closest levels of 108 30 in resistance and 108 in support.
Standing at a 4 year high, R3 sees 7 confirmations, and the lowest resistance line has found 5 matches. R2 is backed up by Bollinger Upper Band and another study. S1 is the most confirmed support line with 9 models. A 50 day moving average is among the 6 matches for S3, and S2 is a 20 day moving average with 5 studies.
And Dollar/Swiss Franc has seen a decline, which leaves it below R1 of 0 9480 and above S1 of 0 9440.
R1 leads in resistance with 11 studies, and a 20 day moving average is among the 8 models for R2. R3 is a 12 month high with 5 confirmations. The highest support line has found 7 matches. S2 is backed up by Bollinger Lower Band, a 50 day moving average and 3 other studies, and S3 counts Price Channel Indicator Lower Line among its 2 confirmations.
That’s all for Wednesday’s Support and Resistance Level Report. Check back in tomorrow when the next report will be available. Goodbye.
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