It’s time for this week’s last Support and Resistance Level Report.
First up is the Euro/Dollar, which currently stands below R1 of 1 11 and above S1 of 1 1070.
The lowest resistance line has found 6 matches, and R2 is a 150 day moving average with 4 studies. A 100 day moving average is among the 2 models for R3. The highest support line sees 8 confirmations, and S2 counts Bollinger Lower Band among its 6 studies. S3 is backed up by Price Channel Indicator Lower Line, a 3 month low and 3 other models.
The Cable is now trading in the range limited by R1 of 1 3340 and S1 of 1 3240.
R1 leads in resistance with 4 studies, and R2 is a psychological level with 3 models. Standing at a 20 day moving average, R3 sees 2 confirmations. S3 is backed up by Price Channel Indicator Lower Line , a 4 year low and 6 other studies. Bollinger Lower Band is among the 4 models for S2, and the highest support line has found 2 matches.
Dollar/Yen has the closest levels of 103 40 in resistance and 102 70 in support.
R2 is the most confirmed resistance line with 8 models. R1 has found 3 matches, whereas R3 is backed up by a 20 day moving average and a psychological level. The highest support line sees 10 confirmations, and S3 is a major psychological level with 3 studies. S2 counts Bollinger Lower Band among its 2 models.
And Dollar/Swiss Franc finds itself between R1 of 0 98 and S1 of 0 9760.
Bollinger Upper Band is among the 10 studies for R1. R2 is backed up by Price Channel Upper Line, a 3 month high and 2 other models, and R3 is an important psychological level with 3 matches. Standing at a 100 day moving average, S1 sees 8 confirmations. S3 is supported by Bollinger Lower Band, Price Channel Indicator Lower Line and 3 other studies, and S2 is a 20 day moving average with 2 matches.
So that’s how our in-house model tests out this Friday. I’m Celeste Skinner and we’ll be covering the latest market developments throughout the day. Stay with us.
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