02.09.2016 – Support and Resistance by Dukascopy

By | September 2, 2016

It’s time for this week’s last Support and Resistance Level Report. Here’s how our in-house model tests out this Friday.
Euro/Dollar has moved higher, and it now has R1 of 1 1210 and S1 of 1 1170.
Standing near a 150 day moving average, R1 sees 7 confirmations. The second line has found 5 matches, and R3 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band and 2 other studies. The highest support line has found 6 matches, and S2 is a 50 day moving average with 5 models. S3 sees 4 confirmations, including Price Channel Indicator Lower Line and Bollinger Lower Band.
The Cable is up as well, trading in the range limited by R1 of 1 3320 and S1 of 1 3270.
The lowest resistance line sees 2 confirmations, and Price Channel Indicator Upper Line is among the 2 models for R2. A psychological level is the only match for R3. Standing at a 50 day moving average, S2 sees 6 confirmations. The highest support line has found 2 matches, and a psychological level is the only model for S3.
Dollar/Yen, on the other hand, has seen a drop which leaves it below R1 of 103 50 and above S1 of 103 10.
Bollinger Upper Band is among the 6 studies for R1, while the upper two resistance lines see 2 confirmations each, including Price Channel Indicator Upper Line for R2 and a 100 day moving average for R3. The highest support line has found 4 matches, and S2 counts a 50 day moving average among its 3 confirmations. S3 is a 20 day moving average with 2 studies.
And Dollar/Swiss Franc finds itself between R1 of 0 9830 and S1 of 0 9790.
R1 is the most confirmed resistance line with 8 models. R3 remains a major psychological level with 3 matches, and Price Channel Indicator Upper Line is among the 2 studies for R2. S1 leads in support with 9 models. Standing at a 150 day moving average, S2 sees 5 confirmations, and S3 is backed up by Price Channel Indicator Lower Line, Bollinger Lower Band and 2 other studies.
I’m Kiays Khalil and you’ve been watching the Support and Resistance Level Report for Friday. We’ll be back on Monday with the next overview, so see you then.

You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#192978

Смотрите Dukascopy TV на вашем языке: http://www.youtube.com/user/dukascopytvrussian
用您的语言观看杜高斯贝电视: http://www.youtube.com/user/dukascopytvchinese
Miren Dukascopy TV en su idioma: http://www.youtube.com/user/dukascopytvspanish
Schauen Sie Dukascopy TV in Ihrer Sprache: http://www.youtube.com/user/dukascopytvgerman
Regardez la Dukascopy TV dans votre langue: http://www.youtube.com/user/dukascopytvfrench
Veja a TV Dukascopy na sua língua: http://www.youtube.com/user/dukascopytvpt

Category: Uncategorized

Leave a Reply

Your email address will not be published. Required fields are marked *