Hello, I’m Doireann McDermott with the Support and Resistance Level Report for Thursday. Let’s see how our in-house model tests out today. Euro/Dollar saw a plunge yesterday evening which leaves it below R1 of 1 2610 and S1 of 1 2580. Standing near a 20 day moving average, R2 sees 9 confirmations, and Bollinger Upper Band is among the 3 studies for R3. The lowest resistance line has found 2 matches. S1 is the most confirmed support line with 6 models, and S2 is Bollinger Lower Band with 2 studies. S3 is backed up by Price Channel Indicator Lower Line and a psychological level. Pound/Dollar has seen a decline as well and is now trading in the range limited by R1 of 1 5990 and S1 of 1 5950. R2 is a former 6 month low with 8 matches. R1 counts a psychological level among its 3 studies, and R3 is confirmed by Bollinger Upper Band and another model. Bollinger Lower Band is among the 2 studies for S1, and the other two support lines see a single confirmation each. S3 is Price Channel Indicator Lower Line. Dollar/Yen is on the rise, and it has the closest levels of 109 40 in resistance and 109 in support. R2 counts a 4 year high among its 6 confirmations. R3 is backed up by Price Channel Indicator Upper Line, a psychological level and another study, and Bollinger Upper Band is among the 2 matches for R1. S3 is a 50 day moving average with 5 confirmations. Standing at a 20 day moving average, S2 has found 4 matches, and S1 is supported by 2 studies. Dollar/Swiss Franc has moved up as well and currently stands between R1 of 0 9590 and S1 of 0 9560. R1 leads in resistance with 6 studies, including a 12 month high, and R3 counts Price Channel Indicator Upper Line among its 2 matches. R2 is confirmed by Bollinger Upper Band. S2 is a psychological level with 11 studies. S3 is supported by a 50 day moving average, Bollinger Lower Band and three other studies, and the highest support line sees 3 confirmations. That’s all for Thursday’s Support and Resistance Level Report. Check back in tomorrow for the next overview of the key price levels. Goodbye.
Hello, I’m Doireann McDermott with the Support and Resistance Level Report for Thursday. Let’s see how our in-house model tests out today.
Euro/Dollar saw a plunge yesterday evening which leaves it below R1 of 1 2610 and S1 of 1 2580.
Standing near a 20 day moving average, R2 sees 9 confirmations, and Bollinger Upper Band is among the 3 studies for R3. The lowest resistance line has found 2 matches. S1 is the most confirmed support line with 6 models, and S2 is Bollinger Lower Band with 2 studies. S3 is backed up by Price Channel Indicator Lower Line and a psychological level.
Pound/Dollar has seen a decline as well and is now trading in the range limited by R1 of 1 5990 and S1 of 1 5950.
R2 is a former 6 month low with 8 matches. R1 counts a psychological level among its 3 studies, and R3 is confirmed by Bollinger Upper Band and another model. Bollinger Lower Band is among the 2 studies for S1, and the other two support lines see a single confirmation each. S3 is Price Channel Indicator Lower Line.
Dollar/Yen is on the rise, and it has the closest levels of 109 40 in resistance and 109 in support.
R2 counts a 4 year high among its 6 confirmations. R3 is backed up by Price Channel Indicator Upper Line, a psychological level and another study, and Bollinger Upper Band is among the 2 matches for R1. S3 is a 50 day moving average with 5 confirmations. Standing at a 20 day moving average, S2 has found 4 matches, and S1 is supported by 2 studies.
Dollar/Swiss Franc has moved up as well and currently stands between R1 of 0 9590 and S1 of 0 9560.
R1 leads in resistance with 6 studies, including a 12 month high, and R3 counts Price Channel Indicator Upper Line among its 2 matches. R2 is confirmed by Bollinger Upper Band. S2 is a psychological level with 11 studies. S3 is supported by a 50 day moving average, Bollinger Lower Band and three other studies, and the highest support line sees 3 confirmations.
That’s all for Thursday’s Support and Resistance Level Report. Check back in tomorrow for the next overview of the key price levels. Goodbye.
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