Find out where the Support and Resistance Levels stand this Wednesday morning.
First up is the Euro/Dollar, which has the closest levels of 1 1230 in resistance and 1 12 in support.
R1 is backed up by Price Channel Indicator Upper Line, a 100 day moving average and 2 other models. R3 is a psychological level with 2 matches, and the second line sees a single confirmation. Standing near a 150 day moving average, S2 has found 9 matches, and the highest support line sees 6 confirmations. S3 is a 20 day moving average with 4 models.
The Cable is trading in the range limited by R1 of 1 3370 and S1 of 1 33.
Price Channel Indicator Upper Line is among the 3 models for R3, and R2 is Bollinger Upper Band with 2 studies. The lowest resistance line has found a single match. S2 is a 20 day moving average with 5 models, and the highest support line sees 2 confirmations. A psychological level is the only model for S3.
Dollar/Yen finds itself below R1 of 101 50 and above S1 of 100 70.
R3 is confirmed by a psychological level and a 50 day moving average, and the lowest resistance line has found a single match. R2 is a 20 day moving average with a single study. S2 is supported by Price Channel Indicator Lower Line, Bollinger Lower Band, a psychological level and 2 other models. S3 is a 2 year low with 4 studies, and the highest support line has found a single match.
And Dollar/Swiss Franc stands between R1 of 0 9660 and S1 of 0 9630.
Standing at a 150 day moving average, R3 sees 7 confirmations, whereas the lower two resistance lines have found 3 matches each, including a 100 day moving average for R2. Price Channel Indicator Lower Line is among the 7 models for S1, and S2 is a psychological level with 2 matches. Standing at a 6 month low, S3 sees 2 confirmations.
I’m Celeste Skinner and that’s how our in-house model tests out today. Stay with Dukascopy TV to follow the latest developments in the currency markets.
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