It’s time for this week’s last Support and Resistance Level Report. Here’s how our in-house model tests out. Euro/Dollar is currently trading in the range limited by R1 of 1 1460 and S1 of 1 1420. R1 counts Price Channel Indicator Upper Line among its 3 models, while the upper two resistance lines have found 2 matches each, including a psychological level for R2 and a 2 year high for R3. S1 counts a former 12 month high among its 6 studies, while the second line sees 4 confirmations. S3 is a 20 day moving average with 3 models. The Cable has been steadily inching higher, and it now has R1 of 1 3040 and S1 of 1 30. R1 is a 6 month high with 5 studies, but the other two resistance lies see just a single confirmation each. R3 is a psychological level. S1 is confirmed by another psychological level, Bollinger Upper Band and 2 other studies, and S2 is a 20 day moving average with 2 matches. S3 counts a 100 day moving average among its 2 models. Dollar/Yen, on the other hand, has seen a decline, which leaves it below R1 of 112 20 and above S1 of 111 80. The lowest resistance line sees 10 confirmations, while R2 is backed up by Price Channel Indicator Upper Line, a 150 day moving average and another model. R3 has found a single match. Standing near a 50 day moving average, S2 sees 10 confirmations, and S1 is a 100 day moving average with 6 studies. A 20 day moving average is among the 2 models for S3. And Dollar/Swiss Franc is down as well, as it stands between R1 of 0 9580 and S1 of 0 9550. R2 is confirmed by a 20 day moving average, a former 6 month low and 7 other studies, while the lowest resistance line sees 8 confirmations. Price Channel Indicator Upper Line is among the 4 models for R3. On the other hand, S1 is Price Channel Indicator Lower Line with 3 studies. A psychological level is among the 2 studies for S2, and the lowest support line has found a single match. You’ve been watching the Support and Resistance Level Report for Friday with me, Jack Everitt. The next report will be available first thing on Monday morning, so check back.
It’s time for this week’s last Support and Resistance Level Report. Here’s how our in-house model tests out.
Euro/Dollar is currently trading in the range limited by R1 of 1 1460 and S1 of 1 1420.
R1 counts Price Channel Indicator Upper Line among its 3 models, while the upper two resistance lines have found 2 matches each, including a psychological level for R2 and a 2 year high for R3. S1 counts a former 12 month high among its 6 studies, while the second line sees 4 confirmations. S3 is a 20 day moving average with 3 models.
The Cable has been steadily inching higher, and it now has R1 of 1 3040 and S1 of 1 30.
R1 is a 6 month high with 5 studies, but the other two resistance lies see just a single confirmation each. R3 is a psychological level. S1 is confirmed by another psychological level, Bollinger Upper Band and 2 other studies, and S2 is a 20 day moving average with 2 matches. S3 counts a 100 day moving average among its 2 models.
Dollar/Yen, on the other hand, has seen a decline, which leaves it below R1 of 112 20 and above S1 of 111 80.
The lowest resistance line sees 10 confirmations, while R2 is backed up by Price Channel Indicator Upper Line, a 150 day moving average and another model. R3 has found a single match. Standing near a 50 day moving average, S2 sees 10 confirmations, and S1 is a 100 day moving average with 6 studies. A 20 day moving average is among the 2 models for S3.
And Dollar/Swiss Franc is down as well, as it stands between R1 of 0 9580 and S1 of 0 9550.
R2 is confirmed by a 20 day moving average, a former 6 month low and 7 other studies, while the lowest resistance line sees 8 confirmations. Price Channel Indicator Upper Line is among the 4 models for R3. On the other hand, S1 is Price Channel Indicator Lower Line with 3 studies. A psychological level is among the 2 studies for S2, and the lowest support line has found a single match.
You’ve been watching the Support and Resistance Level Report for Friday with me, Jack Everitt. The next report will be available first thing on Monday morning, so check back.
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