03.10.2016 – Support and Resistance by Dukascopy

By | October 3, 2016

The Dukascopy TV team is back with another Support and Resistance Level Report. Here’s how our in-house model tests out today.
Euro/Dollar is trading in the direction limited by R1 of 1 1250 and S1 of 1 1220.
The lowest resistance line has found 4 matches, and Price Channel Indicator Upper Line is among the 2 studies for R2. R3 is a psychological level with 2 models. Standing at a 150 day moving average, S1 is well confirmed with 20 studies. S2 counts Bollinger Lower Band among their 7 matches, and Price Channel Indicator Lower Line is among the 4 models for S3.
The Cable has opened lower, and it now has R1 of 1 2950 and S1 of 1 2920.
R2 is a psychological level with no less than 12 confirmations, and the lowest resistance line has found 8 matches. R3 is a 50 day moving average with 2 studies. Standing at a 4 year low, S3 sees 6 confirmations, and S1 counts Price Channel Indicator Lower Line among its 4 models. The second line sees a single match.
Dollar/Yen stands between R1 of 101 70 and S1 of 101 20.
Standing near a 20 day moving average, R1 sees 7 confirmations. R2 counts Bollinger Upper Band among its 2 matches, and R3 is a 100 day moving average with 2 studies. S2 leads in support with 6 studies, including Bollinger Lower Band, and the other two lines have found 5 matches each, including a psychological level and Price Channel Indicator Lower Line for S3.
And Dollar/Swiss Franc finds itself below R1 of 0 9740 and above S1 of 0 97.
The lowest resistance line is a 150 day moving average with 6 matches, and Price Channel Indicator Upper Line is among the 3 models for R3. R2 counts Bollinger Upper Band among its 2 studies. S1 leads in resistance with 13 models. S2 is backed up by Bollinger Lower Band, Price Channel Indicator Lower Line and 6 other studies, and S3 is a psychological level with 2 matches.
I’m Jessica Walker and you’ve been watching the Support and Resistance Level Report, but the trading week is just getting started, so stay with us.

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