I’m Ben Jones with another Support and Resistance Level Report. Here’s a look at how our in-house model tests out on this last day of the trading week. First up is the Euro/Dollar, currently trading between R1 of 1 2610 and S1 of 1 2550. Second line leads in resistance with 7 confirmations and it’s a 20 day moving average. R3 follows with 5 matches, including Bollinger upper band and a 50 day moving average. There are 4 alternative studies near R1. S1 has a Bollinger lower band among its 4 confirmations. S2 sees 3 matches and it’s backed up by price channel indicator lower line and psychological level. S3 has a single match. The Cable has been testing R1 of 1 60 and it’s quite a stretch above S1 of 1 5930. R2 has a 20 day moving average among its 9 confirmations. R1 is a psychological level with a total of 3 matches. Only Bollinger upper band is near R3. The first two support levels both have 2 matches. First line is Bollinger lower band and S2 is price channel indicator lower line. S3 is a key psychological level. Dollar/Yen has recently surged and it now has R1 of 111 10 and S1 of 110. All three resistance levels have an equal number of a single match and the highest line is a key psychological level. S3 has found 5 matches, including a 20 day moving average. Bollinger upper band is one of the 4 confirmations for S2. S1 is a key psychological level and also price channel indicator upper line. And last up for this overview is the Dollar/Swissie, which has been moving towards R1 of 0 9610 and away from S1 of 0 9540. First resistance level has a total of 8 matches and it’s a 12 month high. R3 has a price channel indicator upper line among its 3 matches. R2 is confirmed by Bollinger upper band and 1 more model. S1 and S2 both have 9 confirmations and the second line is a key psychological level. S3 posts 4 matches, including a 50 day moving average and Bollinger lower band. You’ve been watching the Support and Resistance Level Report for Friday. We’ll be back on Monday with the next run-down of the key price levels. Goodbye.
I’m Ben Jones with another Support and Resistance Level Report. Here’s a look at how our in-house model tests out on this last day of the trading week.
First up is the Euro/Dollar, currently trading between R1 of 1 2610 and S1 of 1 2550.
Second line leads in resistance with 7 confirmations and it’s a 20 day moving average. R3 follows with 5 matches, including Bollinger upper band and a 50 day moving average. There are 4 alternative studies near R1. S1 has a Bollinger lower band among its 4 confirmations. S2 sees 3 matches and it’s backed up by price channel indicator lower line and psychological level. S3 has a single match.
The Cable has been testing R1 of 1 60 and it’s quite a stretch above S1 of 1 5930.
R2 has a 20 day moving average among its 9 confirmations. R1 is a psychological level with a total of 3 matches. Only Bollinger upper band is near R3. The first two support levels both have 2 matches. First line is Bollinger lower band and S2 is price channel indicator lower line. S3 is a key psychological level.
Dollar/Yen has recently surged and it now has R1 of 111 10 and S1 of 110.
All three resistance levels have an equal number of a single match and the highest line is a key psychological level. S3 has found 5 matches, including a 20 day moving average. Bollinger upper band is one of the 4 confirmations for S2. S1 is a key psychological level and also price channel indicator upper line.
And last up for this overview is the Dollar/Swissie, which has been moving towards R1 of 0 9610 and away from S1 of 0 9540.
First resistance level has a total of 8 matches and it’s a 12 month high. R3 has a price channel indicator upper line among its 3 matches. R2 is confirmed by Bollinger upper band and 1 more model. S1 and S2 both have 9 confirmations and the second line is a key psychological level. S3 posts 4 matches, including a 50 day moving average and Bollinger lower band.
You’ve been watching the Support and Resistance Level Report for Friday. We’ll be back on Monday with the next run-down of the key price levels. Goodbye.
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