Good morning, you’re watching this month’s first Support and Resistance Level Report.
The first pair for this report is the Euro/Dollar, which has R1 of 1 1180 and S1 of 1 1140.
The lowest resistance line has found 7 matches. R3 is confirmed by Price Channel Indicator Upper Line, Bollinger Upper Band and 2 other studies, and R2 is a 100 day moving average with 3 studies. Standing at a 50 day moving average, S1 sees 7 confirmations. S2 has found 5 matches, including Bollinger Lower Band and Price Channel Indicator Lower Line, and S3 counts a psychological level as its only model.
The Cable is trading in the range limited by R1 of 1 3160 and S1 of 1 3120.
Standing near a 50 day moving average, R2 sees 7 confirmations, and the lowest resistance line has found 3 matches. Bollinger Upper Band is among the 2 studies for R3. S2 counts a 20 day moving average among its 8 models, and the highest support line has found 7 matches. S3 is a psychological level with 2 studies.
Dollar/Yen has the closest levels of 103 50 in resistance and 103 10 in support.
Price Channel Indicator Upper Line is among the 4 models for R1, whereas the upper two resistance lines have found 2 matches each, including a psychological level for R2 and a 100 day moving average for R3. The highest support line sees 5 confirmations, and S3 is a 20 day moving average with 3 matches. S2 is a 50 day moving average with 2 studies.
And Dollar/Swiss Franc finds itself between R1 of 0 9860 and S1 of 0 9820.
R1 counts Price Channel Indicator Upper Line among its 5 studies. R3 is a psychological level with 3 matches, and Bollinger Upper Band is among the 2 models for R2. The highest support line has found 6 matches. S2 is a 150 day moving average with 5 models, and S3 is a 20 day moving average with 2 confirmations.
So that’s how our in-house model tests out this Thursday. Stay with us through your trading day.
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