It’s time for this week’s last edition of the Support and Resistance Level Report. Here’s a closer look at how our in-house model tests out today. Euro/Dollar has been trading sideways and the pair has R1 of 1 1860 and S1 of 1 1830. R1 is confirmed by a 50 day moving average and 5 more models. R2 follows with 3 matches and it’s both a psychological level and a Bollinger upper band. R3 is a price channel indicator upper line. All three support levels have an equal number of 2 matches. S1 is a 20 day moving average, S2 is a price channel indicator lower line and S3 is confirmed by a 100 day moving average. Next up is the Cable, and it’s below R1 of 1 3350 and above S1 of 1 3220. R3 leads in resistance with 6 confirmations, including a price channel indicator upper line, a Bollinger upper band and a 12 month high. R1 and R2 have 2 matches each. R2 is a psychological level and R1 is a 20 day moving average. S2 is backed up by a 50 day moving average and 4 more models. S1 posts 4 matches and 3 studies are near S3, which is both a Bollinger lower band and a price channel indicator lower line. Dollar/Yen currently trades between R1 of 112 30 and S1 of 112. A 20 day moving average is one of the 14 confirmations for R1. R2 posts 5 matches and it’s a price channel indicator upper line and a Bollinger upper band. There are 2 studies near R3, which is a 6 month high. S1 posts 5 confirmations. S2 has found 4 matches and it’s both a Bollinger lower band and a 150 day moving average. S3 is confirmed by a 100 day moving average and 2 more models. Dollar/Swiss Franc is now trading in the range limited by R1 of 0 9760 and S1 of 0 9710. R1 is well confirmed with 18 matches and it’s a 150 day moving average. R2 and R3 have 3 confirmations each. R2 is a Bollinger upper band and R3 is a price channel indicator upper line. A 20 day moving average is one of the 5 matches for S1. S2 and S3 have 3 and 2 confirmations respectively. S2 is backed up by a 100 day moving average and S3 is a Bollinger lower band. I’m Jessica Walker and that’s all for Friday’s Support and Resistance Levels. We’ll be back on Monday with our next report, so see you then.
It’s time for this week’s last edition of the Support and Resistance Level Report. Here’s a closer look at how our in-house model tests out today.
Euro/Dollar has been trading sideways and the pair has R1 of 1 1860 and S1 of 1 1830.
R1 is confirmed by a 50 day moving average and 5 more models. R2 follows with 3 matches and it’s both a psychological level and a Bollinger upper band. R3 is a price channel indicator upper line. All three support levels have an equal number of 2 matches. S1 is a 20 day moving average, S2 is a price channel indicator lower line and S3 is confirmed by a 100 day moving average.
Next up is the Cable, and it’s below R1 of 1 3350 and above S1 of 1 3220.
R3 leads in resistance with 6 confirmations, including a price channel indicator upper line, a Bollinger upper band and a 12 month high. R1 and R2 have 2 matches each. R2 is a psychological level and R1 is a 20 day moving average. S2 is backed up by a 50 day moving average and 4 more models. S1 posts 4 matches and 3 studies are near S3, which is both a Bollinger lower band and a price channel indicator lower line.
Dollar/Yen currently trades between R1 of 112 30 and S1 of 112.
A 20 day moving average is one of the 14 confirmations for R1. R2 posts 5 matches and it’s a price channel indicator upper line and a Bollinger upper band. There are 2 studies near R3, which is a 6 month high. S1 posts 5 confirmations. S2 has found 4 matches and it’s both a Bollinger lower band and a 150 day moving average. S3 is confirmed by a 100 day moving average and 2 more models.
Dollar/Swiss Franc is now trading in the range limited by R1 of 0 9760 and S1 of 0 9710.
R1 is well confirmed with 18 matches and it’s a 150 day moving average. R2 and R3 have 3 confirmations each. R2 is a Bollinger upper band and R3 is a price channel indicator upper line. A 20 day moving average is one of the 5 matches for S1. S2 and S3 have 3 and 2 confirmations respectively. S2 is backed up by a 100 day moving average and S3 is a Bollinger lower band.
I’m Jessica Walker and that’s all for Friday’s Support and Resistance Levels. We’ll be back on Monday with our next report, so see you then.
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